Cost Partner

Job Title: Cost Partner
Corporate Grade: AVP
Location: Noida

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
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.

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.

Hybrid Working

Please discuss the detail of the working pattern options for the role with the hiring manager.

Introduction:

- Support the Senior FBP by in delivering the end to end financials across a Transaction Cycle /Function by working closely with Business Managers supporting the Transaction Cycle /Function
- Deliver end-to-end Finance reporting that enables management to proactively shape strategy
- Provide full set of forward looking Financial projections (MTP), Outlook, Transfers, scenario analytics & SI portfolio affordability shape
- Strategic Financial support to AEs including; QBRs, MBRs, Transaction Cycle Weekly’s SI portfolio management, Vendor support
- Supporting capacity creation, cost allocation understanding and risks & opportunities management
- High quality, consistent and standardised offering with complete ownership of the “numbers”

What will you be doing?
- Finance & Planning
- Delivery of the end to end financials across a Transaction Cycle/Function:

- Providing the analysis to support business decisions and financial strategy for the Transaction Cycle/Function, ensuring delivery is to plan and budget, supporting the bank’s overall business strategy and cost base objectives
- Work with BMs and Business to deliver the monthly financials for profit and loss and balance sheet
- Working directly with the Cost CoE to understand the GL postings each month and to ensure the month end is done in a timely manner. Completion of balance sheet reconciliations post the month end with commentary.
- Provide the analysis and support the drafting of insights & commentary of current & Outlook financials (including Capacity Creation) with clear linkages to drivers (inc. weekly & QBR)
- Project insights including WF, Cost, fully loaded services costs, managed and consumed
- Support the creation of the annual plan and be responsible for making updates during the regular RAF cycles including:

- Responsible for updating the central planning tool during the annual plan and updates to RAF
- Hands on modelling of forward looking scenarios / deep dives including HLS, MTP, STP, RAF, Outlook and adhoc exercises as required (By Transaction Cycle/Function)
- Work with the Centres of Excellence to ensure full alignment to BX operating model
- Provide information and reports to allow the business to be challenged as required where forecasts are not met
- Have oversight of and ensure adherence / alignment to all global / local regulatory and statutory requirements
- Ensure best in class, efficient and robust controls are adhered to at all times
- Strategy, Insights & Leadership Support
- Provide support to Senior FBP ensuring adherence of day to day agenda, strategic and Adhoc assignments for Transaction Cycle AEs and their Leadership Teams (Transaction Cycle delegate where appropriate) providing insights & recommendations across the financials
- Provide reports and data to Senior FBP to support monthly updates to AEs across the group
- Work with BMs to ensure delivery of Transaction Cycle/Function Strategy
- Adhoc activity to support cost related Executive level requests
- Support of COO Business Projects e.g. COE, Cost saving initiatives etc.
- Support the Senior FBP by preparing reports on Risks & Opportunities & link with experts (sourcing, vendor etc.)
- Provide analysis and metrics driving the cost allocations from BX to trading entities to allow the business to understand their costs
- Own the update to allocations through methodology changes and prov