Legal Entity Reporting Analyst recruitment
Company Overview
Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 23,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.
For further information about Barclays Capital, please visit our website www.barclayscapital.com.
It is the policy of Barclays Capital to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Department Overview
This role is in the Legal Entity Control group within Financial Control.
Barclays Capital's Finance Department is organized into the following five functions:
- Financial Control
- Product Control
- Tax
- Financial Decision Support (FDS)
- Chief Operating Office
Main Function
The primary function of the Legal Entity Control group is to ensure the integrity of the Financial Statements of the various entities. This includes management of the monthly close of the general ledger and to ensure that all procedures/processes have been completed for timely and accurate reporting of the financial statements locally and to head office. Liaise with Product Control, Regulatory Reporting, and various infrastructure groups to discuss substantive issues that affect Financial Statement reporting. The The group also ensures that Barclays Capital fulfils its external financial reporting requirements, including statutory accounts, capital adequacy reporting, large exposures reporting and statistical reporting:
- Monthly, quarterly and annual management and statutory reporting
- Regulatory filings to the FSA, the Bank of England and other regulatory bodies, ensuring the appropriate control framework is in place
- Setting and monitoring of compliance with accounting, regulatory and balance sheet control policy
- Technical accounting and regulatory policy advice within Barclays Capital and reviewing accounting issues with its clients
- Control of all non-trade related balance sheet accounts
- The primary interface with our auditors and regulators
Main Duties
- Responsible for the month end close of the assigned entities
- Prepare financial statements under US GAAP IFRS; perform analytical reviews including variance analysis
- Prepare quarter end and year end reporting schedules for the Financial Reporting group and Regulatory Reporting group
- Work proactively in non quarter end periods to address problem areas from prior reporting periods
- Liaise with Product Control Group, Operations, Regulatory Reporting on a daily/month end basis
- Liaise with auditors during their examination of the relevant business lines to supply relevant information and to address questions
- Responsible for the month-end balance sheet account reconciliation and sign off in Account Ownership system
- Identification, escalation and resolution of issues associated with substantiation
- Aid in the completion of key control deliverables for Finance
- Complete special projects and other duties as assigned
- Identify opportunities for efficiencies and control improvements within month end close and to work with manager and relevant teams to implement solutions