Product Control – Securitized Products – Analyst 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
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.
The CRE Product Control Group, within the Global Finance Department, is responsible for the PL reporting and all product-related control and analysis functions for the Real Estate business. The core responsibilities of the team are the independent production, substantiation and reporting of daily PL and Balance Sheet.
Main Function
CRE Product Control performs many functions in the validation of the revenue components of the Income Statement and of the inventory components of the balance sheet. Product Control accomplishes this through data validation, price verification, provisioning, profit and loss analysis and reporting. Product Control also plays a major role in new business, regulatory / audit related reviews and risk calculation and reporting.
Main Duties
CRE Product Control performs the following functions: PL/BS:Preparation and validation of risk and activity-based PL attribution reportsEnsure FOBO adjustments are reconciled, reviewed and escalated as neededMonitor profit and loss against established stop-loss limitsDaily/MTD/QTD/YTD revenue and BS commentaryPreparation of details for financial statement footnotes. Control/Risk:Ensure that the data used for risk reporting is validated and accurateEnsure compliance with established trading mandatesFull monthly ledger reconciliations Data Validation: Responsible for ensuring that FOBO reconciliations are completed and that adjustments to risk model inputs and profit and loss are made and that downstream users have access to validated and adjusted dataBook management Other:New business activityContinuous improvement with focus on further enhancing both the control framework and process efficiencies.Front-office support (e.g., ad hoc reporting)General Ledger balance substantiationUK Head Office, Financial Control, Regulatory and Tax reporting