VP - Treasury Product control

Job Title : VP - Treasury Product control
Location: Chennai

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

Take ownership for managing risk and strengthening controls in relation to the work you do

Working Flexibly

We're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers' and clients' needs. Whether you have family commitments or you're a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.

Hybrid Working

Structured hybrid role:
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, 'anchor', days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

Introduction:

The responsibility by Line PC Teams for completeness and accuracy of the books and records comprises of:
• P&L and B/S substantiation and reporting (including P&L explain / attribution, reconciliations, P&L commentaries, adherence to accounting principles, etc.).
• Monitoring trading activity for compliance with various related policies.
• Providing management with technical and operational analysis of the business unit.
• Regular interaction with FO business, Financial Control, Technical Accounting Group, PC Change Management, Technology and other infrastructure areas.

What will you be doing?

Responsible for the line product control of an asset class, managing the line PC team to fulfil responsibilities below:

Daily Responsibilities:
• Review daily P&L, including understanding risk positions and market moves for P&L explanation, and review of flash vs formal differences.
• Engage in detailed discussion with traders and risk managers on risk positions and P&L.
• Ensure that the team's KPI and SLA are met.
• Attend to ad hoc queries from the traders and other infrastructure partners relating to trading revenue and Balance Sheet.

Weekly / Monthly Responsibilities
• Review key weekly & monthly MIS to senior management.
• Gain in-depth understanding of provisioning and price testing controls and processes, and review the month end working.
• Engage in detailed discussion with traders, risk managers and Independent Valuation Control team on the results. Liaise with valuation expert on modelling appropriateness and other technical/booking issues.
• Perform detailed review of month end adjustments, and Balance Sheet substantiation
Controls
• Ensure the maintenance of a strong internal control environment. Monitor control reports to ensure accuracy of data for P&L, validation and downstream processes.
• Raise the team's level of control awareness. Lead by example and engender a strong control culture.
• Ensure clean audit results from internal and external reviews. Be the owner of key stroke documentations for key PC processes, risk assessment and SOX documentation.
• Ensure adherence to and compliance with governance, risk policies, procedures and compliance policies.
Projects and Continuous Improvements
• Identify and drive process re-engineering and constantly challenge status quo for control improvement and process efficiency.
• Motivate and empower the team to deliver continuous improvements.
• Identify process improvement opportunities.

What we're looking for:
• Qualified accountant / CIMA
• CFA / Masters in Finance / Financial Engineering would be an advantage
• Product control experience in Investment bank for at least 5 years
Technical knowledge / skills:
• In-depth knowledge of Financial product and markets of the relevant asset class
• Good understanding of end-to-end processes of an IB and associated controls
• Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and London as part of a global team (written and verbal)
• Excellent time management skills and able to prioritise

Skills that will help you in the role:
• Strong control awareness
• Confident and assertive manner
• Ability to work independently with a spectrum of people from junior finance staff to front office business heads.
• Proactive and change focused with problem solving ability.
• Mature and able to negotiate through difficult situations
• Ability to drive the team's agenda in large forums spread across various locations.
• Good influencing and negotiation skills and excellent communication and interpersonal skills.
• Displays enthusiasm, initiative and diligence.
• Works well in a team with high standards for team work
Leadership requirements
• Judgment - Balances short-term & long term goals, manages ambiguity well, is an astute risk taker, can see things in new and innovative ways and understands the business.
• Influence - Adept at influencing and aligning colleagues to make things happen, builds trusting and collaborative relationships, knows self deeply and creates teams to complement own strengths.
• Execution - Turns strategy into results, measures, manages and delivers performance, always delivers on promises. Excellent analytical and problem-solving skills and the ability to be creative and to "think outside the box".
• Drive - Passionate about making a difference, relentlessly seeks out and overcomes major challenges, has real drive and determination, continuously raises the bar and is emotionally resilient. Proven track record in delivering to tight deadlines under pressure.
• Excellent Communication & Presentation - Excellent people-management and relationship-building skills with ability to operate at most senior levels.
• Process improvement - drives through change and process re-engineering by continuously leaning and streamline processes.
Language:

o Ability to speak /write English fluently
o Personal attributes essential to performing role: e.g. essential/desirable skills, competencies, expertise, knowledge, and experience

Where will you be working?
Chennai

Be More at Barclays
At Barclays, each day is about being more - as a professional, and as a person. 'Be More @ Barclays' represents our core promise to all current and future employees. It's the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Empower
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.

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