Product Control – Fixed Income Credit Rates- AVP recruitment

Company Overview

Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.

We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across Barclays. We're one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, and wealth and investment management.

For further information about Barclays, please visit our website www.barclays.com.

It is the policy of Barclays 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

Our Finance Division is comprised of the following groups: Financial Control, Product Control, Financial Decision Support, and Tax. All areas allow you to build a thorough understanding of our business and enable you to add value in the reporting and analysis of financial information. Finance is an exciting area as the division supports a variety of products in a constantly changing marketplace.
Financial Control oversees the financial records and reporting of our business activity. Providing accurate information, they enable us to react to opportunities and focus on critical business issues. Financial Control also provides information to senior management, as well as external fiscal parties. Product Control provides explanations of business revenues, attributing any movements to market positions, inherent risk and new deals. The team is also responsible for ensuring the integrity of the balance sheet for revenue products. Product Control is pivotal to our reporting and control infrastructure and the information provided by the group gives us the means to assess business performance. In addition, the group coordinates all global finance controls and procedures. Financial Decision Support bolsters Barclays Capital's growth by enabling and supporting all financial decisions within the firm, through timely provision of quality data and partnership with key strategic decision makers. Tax is responsible for managing tax risk in Barclays Capital and provides tax support to all our business areas.

Main Function

The Controls MI team currently consists of 7 members. The successful candidate will report to the Vice President in the team and s/he will have the opportunity to work with a diverse group of talented individuals across a number of business areas and departments. Most importantly, the successful candidate will have the opportunity to grow through our on-the-job training and professional development program. High exposure to Global desk heads, senior management and COO team. This role will provide support and act as liaison to the Fixed Income Rates Credit trading business within a controlled environment.

Main Duties

· Overseeing and preparing the calculation and analysis of daily leveraged balance sheet on a global basis.· Review and enhancement of daily balance sheet FOBO reconciliation including providing training and guidance to the wider team· Overseeing and preparing the monthly control packs, the FX substantiation packs to Treasury,Cost of Income substantiation and analysis.· Review and complete monthly FAS157 and quarterly IFRS7 disclosures and any IFRS9 disclosures.· Review and reconciliation of leveraged balance sheet against the general ledger.· Leading and responsible for new balance sheet related initiatives for FI Rates Credit group.· Supervise the resolution of ad-hoc queries around balance sheet, funding, trade strategy and trade economics, etc.· Partner with the Front Office with its capital management responsibilities.· Support COO and Front Office on business requests and serve as liaison on behalf of Rates Credit Finance for requests from various business groups.· Coordinate the compilation and submission of audit requests raised to the group. · Assist/manage with various infrastructure and capability enhancement projects with IT, CMT, etc.,· Lead global initiatives and system migrations for the team.