Vice President Phase 4

Job Description

Job Title : Vice President Phase 4 Location : ChennaiAbout 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.o Provide effective valuation control and oversight for FI Credit and Treasury (referred as the assigned asset class in the rest of the document) businesses to ensure compliance with valuation control policies and standards o Supervise the activities of the assigned asset class IPV teams to ensure quality and timeliness of Core deliverables. o Proactively communicate insights, observations and escalations regarding the valuation control environment of the assigned asset class businesses to regional business, finance management and other stakeholders. Provide management information and reporting for regional valuation control. o Establish a strong collaborative relationship with regional IPV & line control teams and provide finance partner role to the Trading desks and BMs, including providing independent valuation support. o Regular interaction with Financial Control, Technical Accounting Group, PC Change Management, Technology and other infrastructure areas. o Contribute to and implement global and regional change initiatives to improve process efficiency and the control environment for valuation function.What will you be doing Responsible for IPV production process and managing the team to full fill monthly responsibilities of IPV, FVA, PVA and ensure control and governance framework. o Be subject matter expert on the assigned asset class Price Testing (PT), Fair Value Adjustment (FVA), Prudent Valuation Adjustments (PVA) methodologies, and proactively work to improve existing processes and methodologies. o Provide independent valuations challenge, analysis, reporting and adhoc investigations, covering the full spectrum of products in Equities business lines. o Proactively communicate and escalate valuation or Business related observations and concerns. o Address questions or requests from internal & external Audit and Risk & Controls team as required. o Proactively collaborate and communicate with the Global PC-Valuations teams, other control functions such as Risk and PC-Line. o Maintenance of the general Control governance, completeness, IPV and documentation surrounding these businesses. o Provide support to Head of India PC-Valuations in team management and Chennai PC related initiatives and administrative requirements. o 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.Controls o Ensure the maintenance of a strong internal control environment. Monitor control reports to ensure accuracy of data for P&L, validation and downstream processes. o Raise the team s level of control awareness. Lead by example and engender a strong control culture. o Ensure clean audit results from internal and external reviews. Be the owner of key stroke documentations for key PC processes, risk assessment and SOX documentation.Projects and Continuous Improvements o Identify and drive process re-engineering and constantly challenge status quo for control improvement and process efficiency. o Motivate and empower the team to deliver continuous improvements.Service Delivery o Ensure adherence to daily schedule and service level agreements (SLAs). o Ensure process compliance as per the regulatory guidelines and audit requirements. o Oversee the preparation of basic financial analysis, impairment analysis, financial reports, financial planning and financial statements analysis. o Review and analyse complex financial reports and financial statements analysis and present the same to the management. o Establish innovative systems and procedures for handling data & reports and continuously improvise on them. o Identify process improvement opportunities. o Understand customer needs and provide innovative solutions. o Manage and monitor quality for the business area. o Respond to and resolve issues arising out of interactions with clients. o Ensure open communication and address issues/ concerns raised.What we re looking for:Qualifications /education: MBA/Engineering Degree/Qualified accountant CQF/CFA/Masters in Finance/Financial Engineering would be an advantage Technical knowledge / skills: In-depth knowledge of Financial product and markets of the relevant asset class Good understanding of end-to-end processes of an IB and associated controls Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and London as part of a global team (written and verbal) Excellent time management skills and able to prioritise Candidate Profile: 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 workSkills that will help you in the role:Leadership requirements Judgment Balances short-term & long term goals, manages ambiguity well, is an astute risk taker, can see things in new and innovative ways and understands the business. Influence Adept at influencing and aligning colleagues to make things happen, builds trusting and collaborative relationships, knows self deeply and creates teams to complement own strengths. Execution Turns strategy into results, measures, manages and delivers performance, always delivers on promises. Excellent analytical and problem-solving skills and the ability to be creative and to think outside the box . Drive Passionate about making a difference, relentlessly seeks out and overcomes major challenges, has real drive and determination, continuously raises the bar and is emotionally resilient. Proven track record in delivering to tight deadlines under pressure. Excellent Communication & Presentation - Excellent people-management and relationship-building skills with ability to operate at most senior levels. Process improvement drives through change and process re-engineering by continuously leaning and streamline processes. Language: Ability to speak /write English fluentlyWhere will you be working ChennaiBe 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.Our Values Purpose and Values 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.,

Keyskills :
make things happenrisk management frameworkfair valuefront officeservice levelexternal auditrisk managementteam managementproblem solvingrisk assessmenttime managementinternal controlconsumer banking