Job Description

Job Title: AVP - TMG - Product 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.
If you would like some flexibility, then please discuss this with the hiring manager. Introduction:

• Review daily P&L, P&L attribution, P&L commentary, flash to formal differences and manual adjustments
• Perform insightful financial analysis to draw sound conclusions to present to senior stakeholders in onshore PC locations and Financial Control
• Responsible for performance and development of the sub-team.
• Responsible for resource allocation within the sub-team and setting clear objectives for both business deliverables and personal development.
• Provide leadership and support/advice to the team. Focus on prioritisation and delivery.

What will you be doing?

• Review daily P&L, P&L attribution, P&L commentary, flash to formal differences and manual adjustments
• Develop a sound understanding of risk positions through detailed discussion with traders and risk managers on risk positions so that an appropriate P&L model is deployed with focus on key risk items and market moves
• Perform insightful financial analysis to draw sound conclusions to present to senior stakeholders in onshore PC locations and Financial Control
• 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
• Foster a culture of performance improvement by serving as a lead for recommendations and be accountable for the delivery of qualitative and efficiency benefits from direct reports

Weekly / Monthly Responsibilities

• Review key weekly & monthly MIS to senior management.
• Gain in-depth understanding of provisioning and price testing controls and processes, and perform detailed review of the working files.
• 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 that a strong internal control environment is maintained at all times. Review key controls: FOBOs, adjustment substantiation and New, Amends & Cancels trades review
• Identify and drive process re-engineering and constantly challenge current processes for improvement and efficiency
• Raise any control weaknesses to the team. Brainstorm with the team to come up with an action plan.

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.

Other

• Ensure escalation of issues to management on timely basis.
• Proactive involvement in new business initiatives.
• Build close working relationship with Front-Office, Middle-Office, Operations and Risk departments and promote PC profile. Be viewed as a trusted business advisor.

Personal Traits

• 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.
• Opportunity to be groomed to be future leaders, where there will be expended remit for future growth.
• Works well in a team with high standards for team work

What we’re looking for:

• Experienced with MS office toolkit (Word, PPT, Excel, Access Database etc)
• Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and UK / US as part of a global team (written and verbal) Strong control awareness – in particular, the ability to identify and escalate potential control breakdowns and to streamline processes in an effective and efficient manner.
• Has the initiative and ability to break down problems into components parts and resolving them
• Attention to detail and analytical
• Confident and assertive manner

Skills that will help you in the role:

• CFA / Masters in Finance / Financial Engineering would be an advantage
• Product Control experience in a top tier investment bank.
• Articleship in mid to large sized firms.
• Audit exposure in large financial institutions / banks preferred

Where will you be working? Chennai Be More at Barclays
At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details. Purpose, Values and Mindset

We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship. Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution. Integrity
We operate with honesty, transparency and fairness in all we do. Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do. Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference. Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive. Empower
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure. Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints. Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.