PC – Barclays Wealth Americas recruitment
Department Overview
Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
Wealth Americas Product Control, within the Finance Department, is responsible for the PL production and reporting, month end general ledger close and other product control related analysis for Wealth Americas. The core responsibilities of the team are the reporting of and validation of daily PL and through the analysis of transactions. This role will also be responsible for ensuring integrity of the balance sheet / Revenue. In addition, the role will entail the evaluation of new products with the objective of ensure they are properly controlled so that they are accounted for accurately in the books and records. Team Structure: Team reports into the Product Control Americas COO and indirectly into the BWA CFO
Main Function
This role will be responsible for the following:
Monthly:
- Production of Monthly Control Pack for presentation to senior mgmt both FO and Finance
- Reconciliation of management pl to books and records
· Provide Adhoc analysis on the business trends
- Implement and enhance financial and pnl controls within your process
· Interface with all other support areas for the group to cover accounting, credit, operational and market risk aspects of the business
· Work closely with Financial Control to ensure representation on the ledger is correct.
Trade Analysis:
- Produce and deliver accurate and timely daily PL
- Review and report on daily trade and pnl activity and its impact on BWA's PL, Balance Sheet and risk profile.
Provide Coverage as needed for:
- New Product Implementation
- Ensure all Finance related functions are performed in line with the BWA SLA (include FC, PC, Tax, Reg, etc)
- Understand the products which are traded
- Understand the market for the products covered
- Ensure accuracy of downstream processes
- Ensure all Subledger and accounting reconciliations are performed.
- Ensure the GL is updated and reconciled monthly
- Perform ad-hoc and tactical Daily Month end tasks
Prepare analytical reviews and presentations
Main Duties
Essential
Preferred
Qualifications /Education:
Accounting/Financial undergraduate or post graduate degree.
CPA Finance,
Experience required:
2yr-5yr Product Control/Financial Control Exp
Understanding of trade life cycle and concepts of pl and BS validation
Skills and Knowledge:
(Specific product knowledge/PC
skills/languages etc.)
Ability to recognize control issues, within trade life cycle. Excel a must Knowledge of Capital Market products (fixed income/ equities) SAP experience a plus
Control-focused. Able to interact successfully with traders and senior management. Ability to learn fast and adapt to a growing business.
Ability to be proactive and effective in a dynamic environment.