• Job Description

  Req#: 90341995

  About Barclays

  Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-term sustainable returns.

  Our two clearly defined divisions, Barclays UK and Barclays International, provide diversification by business line, geography and customer, enhancing financial resilience and helping to contribute to the delivery of consistent returns through the business cycle. We have a strong core business with exciting prospects, well positioned to deliver long-term value for our shareholders.

  Consistent with the objective of delivering long-term sustainable value for all our stakeholders, we have developed our Shared Growth Ambition – our approach to citizenship and the sustainability of the business model we operate. The aim is to make decisions and do business that provides our clients and customers, and the communities which we serve, with access to a prosperous future.

  The delivery of our strategy is underpinned by the energy, commitment and passion of our people, and we are clear on our common purpose: to help people achieve their ambitions, in the right way.

  About Product Control

  Product Control is a global function with c700 staff based in London, New York, South Africa, India and across the Asia Pacific region. Product Control is primarily responsible for understanding, substantiating and controlling the daily trading balance sheet and income statement for Barclays Investment Bank. This includes;

  The production of a comprehensive daily trading P&L and balance sheet

  The execution of regular independent price verification, ensuring that the appropriate accounting principles are applied

  Partnering with the firm’s business areas and other support groups in facilitating new products and initiatives

  Developing and reporting management accounting information

  If successfully appointed you will be joining a team who will be enhancing process, reporting and controls whilst ensuring the flawless execution of BAU. The team will also balance the delivery of critical projects whilst identifying those that are strategic and those that are tactical.

  We are an equal opportunity employer and we are opposed to discrimination on any grounds

  Overall purpose of role

  Barclays Luxembourg was established in 2006 and the business has grown significantly since then. Currently there are circa 60 people working in Luxembourg including colleagues from Markets, Treasury, Compliance, IT, HR, Finance, Middle Office and Trade Capture Utility.

  The role will require taking ownership for the financial control work-streams within the Strategic Transactions Group (“STG”) in Luxembourg:

  Key Accountabilities

  This FC/PC role will form part of a team covering the daily P&L and balance sheet control roles for the STG business:

  • Responsible for the review of all annual statutory financial statements on a legal entity basis ensuring all audit and local filing deadlines are met, and for coordinating the preparation of any other tax filings (income taxes, VAT) or other local reporting obligations (ex: Banque Centrale Reporting)
  • Develop and maintain governance, internal guideline and procedural documentation relating to the STG business
  • Acting as a Finance Business Partner to the Business, Risk, Compliance and Finance
  • Managing enhancement delivery by actively participating in all new system, and product implementations to ensure all STG implications are appropriately addressed and incorporated into the STG process and procedure documentation. Provide sign-off on new and amended product approval (NAPA), business and system infrastructure initiatives impacting STG
  • Independently managing time and work flows
  • Ensuring enhancement benefits are realized
  • Ensuring effective communication within the team and to senior management
  • Ability to fully understand complex transactions and proactively develop product knowledge
  • Ability to break down and fully understand complex transactions and their payoff formulas
  • Self-motivated team player, take on ownership, accountability, organizational/prioritization skills, proactive, ability to multitask

  Stakeholder Management and Leadership

  The role will involve continuous relationship with various stakeholders (FO, Risk, IT, TCU and IB MO) with the following expected leadership responsibilities and decision making:

  • Monitoring of Key Controls and Reconciliations
  • Key contact for all Luxembourg related audit queries as well as tax filings.
  • Responsible for structuring projects, planning programmes, implementing strategy and efficiency
  • Supervision, Review and signoff on sub-ledger and main ledger, Balance Sheet preparation and analysis

  Risk and Control Objective

  • Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards

  Person Specification

  • Excellent communication skills, both verbal and written required
  • Able to manage multiple tasks in fast-paced environment while meeting deadlines required
  • Must be flexible and team oriented with strong motivation and work ethic
  • Analytical
  • Numerate
  • Enthusiastic
  • Fast Learner
  • Team player
  • Ambitious
  • Keen to learn
  • Shows initiative
  • Confident and committed

  Essential Skills/Basic Qualifications:

  • Bachelor’s degree required
  • Part or Fully Qualified CIMA/ACA / ACCA / CFA
  • Strong understanding of accounting fundamentals required
  • Strong MS Excel skills required, other financial systems experience a plus

  Desirable skills/Preferred Qualifications:

  • Strong plain vanilla derivatives product knowledge and financial risk awareness
  • Minimum 4 years experience in financial services industry highly preferred
  • Responsible attitude with sound time management skills, and the ability to meet deadlines

  Purpose and Values

  Barclays has a single cross-business Purpose for Barclays and five core Values which underpin it.

  Our Purpose is helping people achieve their ambitions in the right way. Put simply this is the answer to the question ‘What is Barclays for?’ and it should guide our every action as employees.

  Respect

  We respect and value those we work with, and the contribution that they make.

  Integrity

  We act fairly, ethically and openly in all we do.

  Service

  We put our clients and customers at the centre of what we do.

  Excellence

  We use our energy, skills and resources to deliver the best, sustainable results.

  Stewardship

  We are passionate about leaving things better than we found them.

• About the company

  From current accounts, mortgages and insurance, to loans, credit cards and saving accounts – see how we can help you. Let’s go forward

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