Avp - Financial Control

Job Title: AVP - Financial 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
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.

Hybrid Working

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

Introduction:

- Accountable for timely & accurate month-end close process for Compensation and Benefits across business clusters & functions. This includes Bonus accounting for Discretionary bonus and Share based payments, accounting for Post-retirement benefits and redundancy costs.
- Custodian for Performance Cost accruals for the Group and to maintain confidentiality of accounting adjustments
- Managing external disclosures in Annual Report - Notes to Financial Statements for Staff costs, Share based Payments and Pensions

What will you be doing?
- Accountable for timely & accurate month-end close process across clusters & functions
- Accountable for non-performance cost bookings like Redundancy costs, ageing calculation of balances, residual maturity
- Quarterly Bank levy payments and annual accrual of Bank levy
- Work with Change Management team on various finance project impacting the team and function
- Ensure all control and governance activities are regularly carried and update provided to management like EUDA review, RCSA etc

Month end Close
- Provide Month end close support for multiple functions, facing off to the Cost Lead & FBPs & legal entity controllers
- Support MI preparation for Internal and External reporting as per IFRS2 and IAS 19 standards
- Flash Process - Review and analysis of Flash Results, ensure month-end landing position is accurate and process necessary adjustments adhering to FLC guideline.
- Balance Sheet Reconciliation & Sign-off - Substantiation and reconciliation of all accruals and prepayments posted by the team, Balance sheet reporting by account line & Account Ownership sign-off
- Liaising with Performance Cost FBP and leads across business clusters & functions.
- Liaising with internal / external auditors

Control and governance:

- Monitoring and highlighting the risk and opportunities
- Ensure adherence of team control requirements
- Escalates risk and opportunities appropriately
- Has the mindset to strive to identify potential control breakdowns in process, also demonstrated with effective procedure manuals

Reporting
- Presenting Regional Performance cost packs to SMT and controllers
- Produce accurate, timely and reliable Balance sheet metrics covering all clusters and functions
- Monthly aged accrual reports to FBPs and Financial Control team on need basis.
- Update and improve reports (in line with business objectives) focusing on scalability, efficiency and effectiveness

Project/Transformation:

- Provide active support in executing Transformation Projects, Procurement country deployments, Faster ledger close projects

What we’re looking for:

- CA with a strong academic record
- Experience in Financial Reporting, Control, Planning and/or Analytics
- Strong knowledge of IAS 19 Employee Benefits, IAS37 and IFRS 2 Share Based Payments
- Highly motivated self-starter and Strong planning & organisational skill
- Strong Excel and presentation skills. Require to produce different set of MI/decks on performance cost thus would require knowledge of PowerPoint and analytical mind-set
- Strong control awareness
- Strong Analytical and problem solving skills
- Strong communication - verbal and written, role demands frequent interaction with senior management

Skills that will help you in the role:

- Confident and assertive manner. Develops relationships and manages stakeholder’s expectations professionally
- Displays integrity, initiative, commitment and credibility through interactions with colleagu