Product Control COE VP

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.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..

• If managing a team, they define jobs and responsibilities, planning for the department's future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..

• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..

• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..

• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.

• Manage and mitigate risks through assessment, in support of the control and governance agenda.

• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.

• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.

• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.

• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.

• Adopt and include the outcomes of extensive research in problem solving processes.

• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills 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.

At Barclays, we don't just adapt to the future – we shape it. Embark on a transformative journey as Product Control CoE Vice President, where you'll play a pivotal role in managing Line Product Control team for completeness and accuracy of the books and records that comprises of P&L (Profit & Loss) and Balance Sheet substantiation and reporting. You will be responsible to manage multiple projects that align with Product Control/Desk strategy, create efficiency in the ways of working.

To be successful as a Product Control CoE Vice President, you should have: 

• Product control experience in Investment bank.

• In-depth knowledge of financial product and markets of the relevant asset class.

• Good understanding of end-to-end processes of an IB (Investment Banking) and associated controls.

• Excellent communication and presentation skills in both formal and informal settings and the ability to interact with the region and London as part of a global team (written and verbal).

• Excellent time management skills and the ability to prioritize.

Some other highly valued skills may include:

• CFA / Masters in Finance / Financial Engineering.

• Good control awareness and problem-solving ability. Mature and able to negotiate through difficult situations.

• Ability to work independently with a spectrum of people from junior finance staff to front office business heads.

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

The location of the role is Chennai, IN.