Finance - Director

Overall purpose of role

The role supports the India domestic business across Investment Banking, Global Markets and Private Banking. The main activities of the role include ensuring accuracy and integrity of all numbers and information passed from Finance to stakeholders both internal (India Senior Management) and external (regulators, statutory accounts). This will involve interaction and influence of both local Mumbai Finance team and Finance colleagues across Asia, Global, and centres of excellence.

The role also requires a strong understanding and experience in the control framework of a large complex regulated financial institution. A key part of the role is effectively managing stakeholders by building strong relationships to enable the individual to partner, advise and influence them.

Key Accountabilities

Production of Financials and Regulatory Interface

• Accountable for the preparation and accuracy of financial records and regulatory returns for the India entities, plus involvement in the design and setup of the financial reporting processes of any new reports. Accountable for owning and resolving any control issues identified in these processes.
• Establish and implement internal controls and ensure efficient and effective financial operations for India Finance, through process improvement and automation to remove manual processes.
• Ensure that Financial and Accounting policies & procedures are in accordance with statutory regulations and global standards and are complying with risk management and internal controls.
• Support India CFO and lead Finance in engagement with internal/external auditors and liaison with external regulatory inspections.

Support the India Business growth strategy

• Provide high quality commercial, timely and insightful analysis to key Business, Country and Finance stakeholders to help drive regional performance. This includes Revenues, Sales and Origination metrics, Costs, Risk Weighted Assets etc.
• Partner with global / local stakeholders to deliver Management Information and ad-hoc analysis.
• Ad-hoc work such as Short- and Medium-Term Plans, profitability analysis, and various Town hall/Visitor presentations for Senior Management.
• Supporting the business on Finance related queries and growth plans (NAPA or country strategy).

Transformation and Elimination of Manual Processes

• Work closely with Change team and Finance Control partners to drive consistent and effective process for India Finance aligned with strategic Global platforms.
• Champion change agenda within the team to drive a mindset of continual improvement. Challenge and eliminate manual processes to drive efficiency.

People Management

• Lead the Finance team in Mumbai through active engagement, setting a clear strategy and getting buy in from the team.
• Engage and energise the team to buy in to the vision, and build meaningful careers with Barclays.

Stakeholder Management and Leadership

This role requires extensive and effective stakeholder management with primarily regional stakeholders but also maintaining connectivity with Global teams to collaborate, leverage and influence a wide stakeholder group both regionally and globally. It includes (but not limited) to the following. Strong team leadership is also essential to drive and motivate the local Finance team.

• Finance: India CFO, Product Control, Financial Control, Cost management, Treasury, Tax and Internal Reporting team etc
• Business: Country Management, Business Heads, Business Managers, Product heads, Client Strategy, Country Heads etc.
• Other infrastructure departments like HR, Risk, Operations etc.

Decision-making and Problem Solving

• Systematic approach to understanding problems, evaluating options and making decisions that consider input from all relevant stakeholders.
• Ability to understand and interpret diverse data sets & systems and put it into a broader context/perspective with a client focused mindset.
• Provide Independent and objective assessment to the stakeholders.

Risk and Control Objective

Take ownership for managing risk and following all relevant controls in relation to the work you do

Essential Skills/Basic Qualifications:

• Partner with India CFO and Financial Control team to ensure
• Strong knowledge of business performance metrics (e.g. Capital Rules and regulatory requirements, trading revenue, sales credits, Banking revenue, Costs, RWAs etc)
• Strong knowledge of Investment Banking businesses. Able to leverage this knowledge and data analysis to effectively manage the stakeholders including partnering, advising and influencing them.
• Strong stakeholder management and relationship building skills. Able to engage and interact with senior stakeholders across Finance, Front office and other infrastructure areas.
• Strong written and verbal communication skills in English
• Knowledge over India GAAP and regulatory reporting in a complex global organisation, plus knowledge of legal entities, transfer pricing and recharge mechanism is strongly preferred. Experience on IFRS/US GAAP is a plus
• Current Director or equivalent with team management experience is required.

Desirable skills/Preferred Qualifications:

• Drive for results, highly motivated self-starter, curious about how things work.
• Excel (Pivot Tables, VBA) and Power Point / Presentation skills to present findings in a concise and effective manner.
• CPA or equivalent accounting qualification

Purpose of the role

To manage the financial operations of the organisation, ensuring the accuracy, integrity, and reliability of financial reporting.

Accountabilities

• Management of the preparation and presentation of accurate and timely financial statements, and other accounting records in accordance with the relevant accounting standards, rules and regulations.
• Support in identification, assessment, and mitigation of financial risks, and report on these financial risks to senior colleagues.
• Development and maintenance of a robust system of internal controls to safeguard assets, ensure that there is no fraudulent misreporting, and ensure the accuracy of financial data, including regular assessment of the effectiveness of internal controls addressing any weaknesses or gaps. .
• Development and implementation of up-to-date financial policies and procedures to ensure consistent and effective financial practices across the organisation.
• Management of the selection, implementation, and maintenance of financial systems and software applications, including collaboration with IT colleagues to integrate financial systems with other enterprise systems.
• Preparation and submission of statutory and regulatory reports to authorities, and provision of support to other departments in their preparation and review of regulatory reports.
• Coordination with external auditors and regulatory authorities in support of audits and examinations.

Director Expectations

• To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
• They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
• Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
• Escalates breaches of policies / procedure appropriately.
• Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
• Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
• Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
• Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
• Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
• Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
• Negotiate with and influence stakeholders at a senior level both internally and externally.
• Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
• Mandated as a spokesperson for the function and business division.

All Senior 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.

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.