AVP - Product Control

Purpose of the role

To oversee the financial aspects of trading activities, ensuring the accuracy and integrity of the bank's trading book, maintenance of compliance with regulatory requirements, and provision of insights into trading performance.  

Accountabilities

• Reconciliation of daily profit and loss (P&L) figures for trading desks to ensure they align with the valued positions in the trading book, investigating and resolving discrepancies between P&L figures to ensure they reflect the true economic value of the trading portfolio.
• Support the identification, assessment, and mitigation of trading risks, and report on these financial risks to senior colleagues.
• Maintenance and analysis of the bank’s trading data, ensuring its accuracy, completeness and consistency, and provision of insights to traders and senior colleagues on trading performance.
• Preparation and submission of regulatory reports to authorities, and provision of support to external audits including addressing auditor queries and ensuring trading activities are appropriately reflected in financial statements.
• Effective communication of complex financial information to traders, risk professionals, senior colleagues, and external stakeholders.
• Cross functional collaboration to ensure a coordinated approach to trading activities.

Assistant Vice President Expectations

• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Join us as an “AVP - Product Control" at Barclays, where you will be involved in the financial aspects of trading activities, ensuring the accuracy and integrity of the bank's trading book, maintenance of compliance with regulatory requirements, and provision of insights into trading performance.  

You may be assessed on the key critical skills relevant for success in role, such as experience with as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

To be successful in this role, you should have below skills:

• Experience in Financial Reporting, Product Control, reporting, and Analytics.

• Strong knowledge and understanding of the key accounting principles under IFRS , USGAAP and IB products.

• Highly motivated self-starter and Strong planning & organizational skill.

• Strong Excel and presentation skills. Required to analyze and produce different set of MI/decks on financials / disclosures thus would require knowledge of PowerPoint and analytical mind-set.

• Strong control awareness, Analytical and problem-solving skills.

• Strong communication – verbal and written, role demands frequent interaction with senior management.

• Qualified Accountant – ACA, CIMA, ACCA.

Some other highly valued skills may include below:

• Experienced with MS office toolkit.

• Team management and willing to collaborate across multiple team.

• Problem solving mindset, working on tight deadlines.

• Challenge status co and drive change.

• Project management skills.

This role will be based out of Chennai.