Vacancy for CA/ACCA in Barclays

Job Description 

Investment Banking Division Finance AVP - 00120958

Primary Location

:IN-Tamil Nadu-Chennai

Job Type

:Permanent/Regular

Posting Range

:13 Aug 2013 - Ongoing

Description

 

Overall Job Purpose:

 

The IBD finance team provides product, sector, country and banker performance reporting to the IBD management teams globally.    Work closely with the Mergers and Acquisitions, Corp Finance Coverage and Global Finance & Risk solutions front office teams,  Product Control, Sales Finance and Portfolio Management teams to ensure appropriate capture of Corporate Client  Revenues, Costs and Capital  to facilitate accurate and insightful business performance reporting.

 

The Process and Controls team is responsible for maintaining accurate and timely revenue recognition in accordance with established revenue recognition policies. This encompasses oversight of:

• Coordination with PC group for fee based products recognition ;
• Monitoring of Oneview Feeds for derivative and risk based products;
• Maintain shared client databases for shadow recognition on distribution owned sales credits;
• Calculating and process flow for the Corporate ETA gross-up and payway across products
• Liaise with Portfolio management team for loan and derivative capital allocations by client and allocation process for the Loan Subsidy process.
• Ensuring revenues flow properly to revenue reporting system IRIS and down to IBD transaction process flow tool eBanker
• Liaise with Front office that eBanker deals are set up accurately for Sector and Banker recognition.
• Adhoc analysis and investigation on transaction revenue recognition issues
• Report and monitor transaction pipeline accuracy and coordination around deal booking.
• Maintain Profitability model in conjunction with the central Financial Planning and Analysis and  Cost Decision Support teams for accurate PBT reporting for the division
• Documentation of IBD Finance Process Flows and methodologies;
• Driving/prioritising the IT enhancements via Minor Works stream.

This function is key to preserving the integrity of the IBD results being reported both functionally within IBD and for firm mgmt reporting.  It is also the basis for the external Investment Banking Segment disclosure externally.

 

Main Accountabilities:

 

Lead a team of 2-3 P&C analysts responsible for a broad aspect of the IBD P&C reporting agenda reporting locally to the IBD Finance VP head of reporting P&C team but with linkages to the client facing leads globally. Look to embed effective risk monitoring mechanisms to highlight pain points afflicting the P&C global query volumes and help drive appropriate priorities to help reduce global query volumes. Ensure visibility of projects and initiatives to senior management, highlighting the associated benefits/risks and ultimately, the return on investment. Partner closely with the global P&C lead such that as part of the wider Sales Finance organisation, cohesive relationships are formed with the reporting streams to help facilitate investigations, mpact analysis, ad hoc MI requests, and ultimately, overall knowledge sharing.

 

Key Responsibilities of the Team

Protect the integrity of the IBD Revenues booked by understanding business centric practices and processes, and remediate any issues on a timely fashion.   Ensure process and controls are implemented effectively and the risks are mitigated.  Continually drive the efficiencies and improvement agenda through identification of systemic issues requiring coordination with our technology partners, or designing appropriate training related material to facilitate proper trade booking protocol and procedures.  Develop and build a strong partnership with the businesses globally and provide end-to-end advice on IBD revenue related matters.

• Be the primary contact for IBD revenue recognition queries ensuring resolution within agreed service levels.  
• Communicate and escalate run-the-bank issues arising from queries
• Be able to work independently with tech and other support groups where necessary for issues resolution.
• Perform meaningful analysis on reports and provide insightful commentary that can be translated into robust/effective remediation plans/effort. 
• Ensure that reports are clearly communicated through appropriate channels (eg COOs, IBD Finance management etc)
• Participate in UAT and drive relevant systemic fixes.
• Document any changes to process flows and be the SME on new development initiatives.
• Play an active role in identifying opportunities for process improvements to drive efficiencies and tightening of the control environment.

Essential/Basic Qualifications

 

Person Specification:

 

Qualifications /Education:

• University degree or equivalent, qualified Accountant (CA, CPA, ACCA)

Application Skills (Highly Desirable):

• Advanced Excel skills, proficiency in performing detailed analytics by leveraging advanced formulae
• Experience navigating multiple trade capture systems

Knowledge & Experience:

• Demonstrate a track record of leading a small to medium sized team
• Demonstrable examples on coaching and performance management
• Strong stakeholder management
• 5-7 years of relevant experience in Investment Banking or equivalent
• Securities and capital markets desirable.
• Investment Banking or Product Control experience desirable.
• Strong on control awareness. A confident and articulate self-starter with the ability to cope with the demands of working to tight deadlines.
• Keen analytical skills and the ability to challenge current processes and develop effective alternate solutions.
• A strong team player with a high level of commitment and enthusiasm.
• Comfortable with the demands of working in a pressured environment.
• Strong interpersonally and have the ability to communicate at all levels.

Commercial Effectiveness

• Customer focused - consistently meets client needs within constraints of time
• Consistently delivers against targets
• Has good understanding and is up to date on relevant business knowledge.
• Ability to scale-up and move up the value-chain within a short time-frame
• Opportunity to be groomed to be future team leaders/managers
• Required to provide detailed analysis and information on complex queries/problems and communicate to stakeholders on proposed solutions and recommendations
• Able to perform good analysis, resolve problems and initiate workable innovative recommendations and solutions to take the function forward to achieve better performance efficiencies. In addition, the proposed recommendations should be good enough to be implemented by the operations/management.
• Providing innovative judgement which can be contributed as part of the decision making process

Candidate Profile:

• Independent and a self-starter - accountable for day-to-day issues.
• Confident - to liaise with Sales Managers and Business managers
• Demonstrates initiative and pro-activeness.
• Analytical - able to break down problems and resolve them.
• Expected to take accountability/responsibility of deliverables
• Minimal supervisory oversight and able to perform duties with minimal or no guidance
• Assertiveness required to maintain integrity of accounts.
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