Product Control Loan Iq Transformation

6 months ago


Chennai Tamil Nadu, India Barclays Full time

Job Title: Product Control Loan IQ Transformation
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

Structured hybrid role:
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 (CA)
- CFA / Masters in Finance / Financial Engineering would be an advantage
- Product control experience in Investment bank for at least 4 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 abili



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