The Strategic Transactions Group (STG) forms part of Barclays Group Tax.STG’s objective is to utilize itsexecution and transaction-
management capabilities in support of appropriate taxand associated capital management for the Barclays Group.
Product Control is a global function with c1000 staff based in London,New York, South Africa, India and across the Asia Pacific region.
ProductControl is primarily responsible for understanding, substantiating andcontrolling the daily trading balance sheet and income statement for BarclaysInvestment Bank.
including productcontrol, financial reporting & control and tax liaison in relation tostructured transactions involving multiple legal entities and financialproducts.
The team currently comprises of professional employees inLondon, Luxembourg, New York and the Chennai.
Overallpurpose of role
Markets Portfolio Finance is responsible for the preparation ofstatutory, regulatory, tax and management reports for the activity undertakenby STG.
We ensure integrity of financialinformation by implementing and monitoring appropriate reporting controls. This is achieved by striving to execute in aconsistent and timely manner, and by implementing best practices globally.
Preparation of monthly managementreporting, including P&L and balance sheet reconciliations and Substantiationprocesses for specific structured transactions
New deal analysis with consideration oftrade booking and appropriateness of booking methodologies or approximatebooking.
Front to Back reconciliations
Periodic Hedge Effectiveness testing asrequired.
Stakeholdermanagement and leadership.
The role will involve building strong relationships and regularcommunication with a wide group of stakeholders, including Front Office, Risk,IT, Tax, Regulatory Reporting, TCU and IB MO.
The role will require the following expected leadership responsibilitiesand decision making :
Monitoring of someKey Controls and Reconciliations
Participating inthe projects, planning programmes, implementing strategy and efficiency
Review and assistmanager signoff on sub-ledger and main ledger, balance Sheet preparation andanalysis
Riskand Control :
All Barclays colleagues have to ensure that all activities and dutiesare carried out in full compliance with regulatory requirements, EnterpriseWide Risk Management Framework and internal Barclays Policies and PolicyStandards
Part or FullyQualified chartered accountant (ACA or equivalent)
Good technicalunderstanding of International Financial Reporting Standards and Luxembourg GAAP
Ability tounderstand accounting entries and apply this knowledge in a practical manner
Strong MicrosoftExcel skills
Good MicrosoftWord Skills
A strong practicalunderstanding of the importance of rigorous controls environment
Attention todetail and diligence combined with good analytical problem solving skills
Ability to multi-taskand manage competing tasks
Ability to pick upconcepts quickly and to challenge existing thinking and processes
Risk and Control Objective
Ensure that all activities andduties are carried out in full compliance with regulatory requirements, EnterpriseWide Risk Management Framework and internal Barclays Policies and PolicyStandards.
Barclays hasa single cross-business Purpose for Barclays and five core Values whichunderpin it.
Our Purposeis to create opportunities for people to rise- customers, clients, colleaguesand society. Put simply this is the answer to the question What is Barclaysfor?
and it should guide our every action as employees.
We respect and value those we work with,and the contribution that they make.
We act fairly, ethically and openly inall we do.
We put our clients and customers at thecentre of what we do.
We use our energy, skills and resourcesto deliver the best, sustainable results.
We are passionate about leaving thingsbetter than we found them.