AVP Cost Management

Job Description

Job Title: AVP Cost Management Location: NoidaAbout 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.Support the Senior FBP by in delivering the end to end financials across a Transaction Cycle /Function by working closely with Business Managers supporting the Transaction Cycle /Function Deliver end-to-end Finance reporting that enables management to proactively shape strategy Provide full set of forward looking Financial projections (MTP), Outlook, Transfers, scenario analytics & SI portfolio affordability shape Strategic Financial support to AEs including; QBRs, MBRs, Transaction Cycle Weekly s SI portfolio management, Vendor support Supporting capacity creation, cost allocation understanding and risks & opportunities management High quality, consistent and standardised offering with complete ownership of the numbersWhat will you be doing Finance & Planning - Delivery of the end to end financials across a Transaction Cycle/Function: o Providing the analysis to support business decisions and financial strategy for the Transaction Cycle/Function, ensuring delivery is to plan and budget, supporting the bank s overall business strategy and cost base objectives o Work with BMs and Business to deliver the monthly financials for profit and loss and balance sheet o Working directly with the Cost CoE to understand the GL postings each month and to ensure the month end is done in a timely manner. Completion of balance sheet reconciliations post the month end with commentary. o Provide the analysis and support the drafting of insights & commentary of current & Outlook financials (including Capacity Creation) with clear linkages to drivers (inc. weekly & QBR) o Project insights including WF, Cost, fully loaded services costs, managed and consumed o Prepare and present any reporting requirements - Support the creation of the annual plan and be responsible for making updates during the regular RAF cycles including: o Responsible for updating the central planning tool during the annual plan and updates to RAF o Hands on modelling of forward looking scenarios / deep dives including HLS, MTP, STP, RAF, Outlook and adhoc exercises as required (By Transaction Cycle/Function) - Work with the Centres of Excellence to ensure full alignment to BX operating model - Provide information and reports to allow the business to be challenged as required where forecasts are not met - Have oversight of and ensure adherence / alignment to all global / local regulatory and statutory requirements - Ensure best in class, efficient and robust controls are adhered to at all times Strategy, Insights & Leadership Support- Provide support to Senior FBP ensuring adherence of day to day agenda, strategic and Adhoc assignments for Transaction Cycle AEs and their Leadership Teams (Transaction Cycle delegate where appropriate) providing insights & recommendations across the financials - Provide reports and data to Senior FBP to support monthly updates to AEs across the group - Work with BMs to ensure delivery of Transaction Cycle/Function Strategy - Adhoc activity to support cost related Executive level requests - Support of COO Business Projects e.g. COE, Cost saving initiatives etc. - Support the Senior FBP by preparing reports on Risks & Opportunities & link with experts (sourcing, vendor etc.) - Provide analysis and metrics driving the cost allocations from BX to trading entities to allow the business to understand their costs - Own the update to allocations through methodology changes and provide the analysis to quantify the financial impact Governance & Control - Ensure alignment of activity that ensures the Transaction Cycle or Function are compliant and aligned to the group wide governance and control framework, including: o Delivery around the requirements for external Governance Forums (Council, COO ExCo, Group ExCo,Board etc.) and maintenance of all SMR documentation o Support the validation and pre-approval of Vendor Spend Business cases & contract reviews o Provide support to F&BM Lead to allow the pre EXCO Cost Approvals are in line with strategy & affordability (Hiring, Vendor / DCP, Resourcing related costs, Travel etc.) o Support the F&BM lead to ensure Finance related Internal audit queries and audit interim reporting are all addressed o Provide support activities to allow programme Interlocks (Location, Capacity creation, Workforce & Budget Transfers)What we re looking for:MBA/CA Strong Excel & PowerPoint skills Attention to detail and strong organisational skills a must Ability to balance multiple critical requests from various stakeholders with outstanding precision BP&A background and experienceSkills that will help you in the role:Experience in operating in a multi-geographic, matrix organisation a plus, with proven ability to balance commercial, client, and regulatory needs across businesses and geographies Strong Communication skills across a variety of forums and mediums. Proven ability to distil information into key messages and deliver succinctly according to audience Ability to develop business strategy, communicate in clear and confident manner, and act independently to implement, sometimes using creativity in approach Awareness of simplification and automation tools like Tableo, Altryx, Python etc. will be a plusWhere will you be working NoidaBe 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 ValuesWe 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 everyones 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 DiversityWe aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.Our BenefitsOur customers are unique. The same goes for our colleagues. Thats why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our flexible working options for colleagues. If you have a need for flexibility, then please discuss this with us.,

Keyskills :
consumer bankingcommunication skillsbehavioral trainingcost allocationsystem integratorsportfolio managementfinancial projectionsregulatory requirementsautomation toolsrisk management framework