Product Control – Securitized Products – 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.
Product Control has a significant presence and role within the Organization. There is a close working relationship with the trading desks and other areas focusing on control, service and reporting. We are a central point of contact for many issues that affect the bank. By placing a heavy emphasis on information technology and focusing on project work, we are able to address control and operational risks and meet our internal and external obligations.
Financial Decision Support is primarily responsible for enabling and supporting all financial decisions within the firm, through timely provision of quality data and partnership with key strategic decision makers. This covers revenues, costs, balance sheet/capital and client franchise performance. The function is also responsible for processing the firm''s invoices and expenses, leading the annual budgeting process and interfacing with Group on financial performance.
Tax is responsible for managing tax risk in Barclays Capital and provides tax support to all our business areas.
Main Function
The Securitized Products Control team currently consists of approx. 12+ people supporting a diverse mix of businesses with a product suite that includes MBS, ABS, derivatives, etc. § Provide the Front Office with accurate financial information to assist in their daily/monthly management of their business
§ Preparation of consolidated financial information for Senior Mgmt
§ Heavy Managed Balance Sheet analysis/metrics
§ Assist in the execution and reporting of various control-related information to the Central Control and Financial Control teams
§ Perform sound analytics that can be used to advise the Business considering Regulatory guidelines.
Main Duties
§ Supervise the daily preparation balance sheet information inclusive of monthend forecasts by trading business.
§ Supervise the preparation of the Summarized Performance reports of PNL with RWA calculations and VAR amounts.
§ Prepare daily Funding reports of secured and unsecured financing of trade positions in inventory including rolldown CLR charges.
§ Prepare monthly Aging charge reports to assist in optimization of balance sheet usage for business review.
§ Supervise the preparation of monthly Information/Financial Analytics packs for the business.
§ Prepare monthly RWA pack for business COOs.
§ Prepare monthly sources and uses of funds, and asset tenor profiles for Economic Funding.
§ Assist in the preparation of the monthly control pack for Finance Senior management
§ Significant interaction with the Business and core Product Controller to further enhance reporting analytics.
§ Interact with Operations, Financial Control and the Regulatory team for issue resolutions § Field various adhoc requests