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AVP - Finance Transformation

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Barclays

3mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Accounting & Tax
    Banking & Finance
  • Chennai

AI generated summary

  • You must manage financial statements, assess risks, maintain internal controls, implement policies, collaborate on systems, coordinate audits, and influence stakeholders effectively.
  • You will manage financial statements, assess risks, ensure internal controls, implement policies, oversee financial systems, prepare regulatory reports, and coordinate with auditors.

Requirements

  • Management of the preparation and presentation of accurate and timely financial statements, and other accounting records in accordance with the relevant accounting standards, rules and regulations.
  • Support in identification, assessment, and mitigation of financial risks, and report on these financial risks to senior colleagues.
  • Development and maintenance of a robust system of internal controls to safeguard assets, ensure that there is no fraudulent misreporting, and ensure the accuracy of financial data, including regular assessment of the effectiveness of internal controls addressing any weaknesses or gaps.
  • Development and implementation of up-to-date financial policies and procedures to ensure consistent and effective financial practices across the organisation.
  • Management of the selection, implementation, and maintenance of financial systems and software applications, including collaboration with IT colleagues to integrate financial systems with other enterprise systems.
  • Preparation and submission of statutory and regulatory reports to authorities, and provision of support to other departments in their preparation and review of regulatory reports.
  • Coordination with external auditors and regulatory authorities in support of audits and examinations.
  • Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
  • Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
  • Take ownership for managing risk and strengthening controls in relation to the work done.
  • Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
  • Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
  • Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
  • Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
  • Influence or convince stakeholders to achieve outcomes.

Responsibilities

  • Management of the preparation and presentation of accurate and timely financial statements, and other accounting records in accordance with the relevant accounting standards, rules and regulations.
  • Support in identification, assessment, and mitigation of financial risks, and report on these financial risks to senior colleagues.
  • Development and maintenance of a robust system of internal controls to safeguard assets, ensure that there is no fraudulent misreporting, and ensure the accuracy of financial data, including regular assessment of the effectiveness of internal controls addressing any weaknesses or gaps.
  • Development and implementation of up-to-date financial policies and procedures to ensure consistent and effective financial practices across the organisation.
  • Management of the selection, implementation, and maintenance of financial systems and software applications, including collaboration with IT colleagues to integrate financial systems with other enterprise systems.
  • Preparation and submission of statutory and regulatory reports to authorities, and provision of support to other departments in their preparation and review of regulatory reports.
  • Coordination with external auditors and regulatory authorities in support of audits and examinations.

FAQs

What is the main purpose of the AVP - Finance Transformation role?

The main purpose of the role is to manage the financial operations of the organisation, ensuring the accuracy, integrity, and reliability of financial reporting.

What are the key accountabilities for this position?

Key accountabilities include managing financial statements preparation, identifying and mitigating financial risks, developing internal controls, implementing financial policies, managing financial systems, preparing statutory reports, and coordinating with external auditors.

What are the expectations for an Assistant Vice President in this role?

Expectations include consulting on complex issues, identifying ways to mitigate risk, taking ownership of risk management, collaborating with other areas, engaging in complex data analysis, communicating complex information, and influencing stakeholders.

What skills are necessary for this role?

Necessary skills include financial management expertise, risk assessment capability, strong analytical and communication skills, the ability to collaborate across functions, and proficiency in financial systems and software applications.

Are there opportunities for professional development in this position?

Yes, there are opportunities for professional development through challenges that enhance skills in finance transformation, risk management, and cross-functional collaboration.

What values are important to the organisation for this role?

The organisation values Respect, Integrity, Service, Excellence, and Stewardship, along with a mindset of Empower, Challenge, and Drive.

Is experience in regulatory compliance significant for this position?

Yes, experience in regulatory compliance is significant, as the role involves preparing statutory reports and coordinating with regulatory authorities.

What kind of collaboration is expected with IT colleagues?

Collaboration with IT colleagues is expected for the selection, implementation, and maintenance of financial systems, as well as integrating these systems with other enterprise systems.

How often will internal controls be assessed in this role?

Internal controls will be regularly assessed to ensure effectiveness and to address any weaknesses or gaps that may arise.

Will this position have a direct impact on financial risk management?

Yes, this position will have a direct impact on financial risk management by identifying, assessing, and mitigating financial risks and reporting them to senior colleagues.

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Barclays

Finance
Industry
10,001+
Employees
1690
Founded Year

Mission & Purpose

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.