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AVP IB finance

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Barclays

2mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Business, Operations & Strategy
    Banking & Finance
  • Chennai

AI generated summary

  • You need valuation/control experience, strong communication skills, knowledge of financial derivatives, coding in Python/VBA, familiarity with Bloomberg/Reuters, and strong attention to detail.
  • You will prepare financial statements, manage financial risks, oversee internal controls, collaborate with auditors, and lead a team to enhance financial policies and procedures.

Requirements

  • Valuation control or product control experience in a financial services environment.
  • Strong communication skills including the ability to distil complex issues into an easy to digest summary for senior management.
  • Strong understanding of Financial Derivatives.
  • Coding skills in Python/VBA or equivalent.
  • Good understanding of Microsoft Office products.
  • Experience with Bloomberg, Reuters terminals.
  • Strong communicator (written and interpersonal) with an understanding of senior management perspective.
  • Confident and assertive with the ability to negotiate and influence constructively across teams and geographies.
  • Capable reviewer of meeting materials and commentary, with a high level of attention to detail.
  • Numerate.
  • Strong organisational skills and structured approach.
  • Strong control focus.

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.
  • To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
  • Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes.
  • If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard.
  • OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
  • 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.

FAQs

What is the job title for this position?

The job title is Assistant Vice President IB Finance.

What primary responsibilities does the Assistant Vice President IB Finance have?

The Assistant Vice President IB Finance is responsible for managing financial operations, ensuring the accuracy and integrity of financial reporting, preparing financial statements, supporting financial risk assessments, maintaining internal controls, and supervising the implementation of financial systems.

What qualifications are required for this role?

The role requires experience in valuation control or product control in a financial services environment, strong communication skills, and a solid understanding of financial derivatives.

Are coding skills necessary for this position?

Yes, coding skills in Python, VBA, or equivalent are highly valued for this role.

Where is this position located?

This position is based in Chennai.

Is leadership experience required for this job?

Leadership experience is valuable, as the Assistant Vice President may lead teams and be responsible for coaching employees.

What tools or systems should a candidate be familiar with for this position?

Candidates should have a good understanding of Microsoft Office products and familiarity with Bloomberg and Reuters terminals is also desirable.

What soft skills are important for success in this role?

Strong communication, negotiation, and interpersonal skills are important, along with attention to detail, organizational skills, and the ability to influence stakeholders.

Are there specific values that employees are expected to demonstrate?

Yes, employees are expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, as well as the Barclays Mindset of Empower, Challenge, and Drive.

Will there be opportunities for professional development in this role?

Yes, the role includes responsibilities for coaching employees and helping them develop professionally while setting objectives for team performance.

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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.