AVP - Trust Operations & Trust Accounting - Bank - CA

AVP - Trust Operations & Trust Accounting - MNC Bank

The role holder is expected to manage three key areas in the Wealth Advisory Business :

a) Oversight & support to Trust Operations on trust accounting, taxation and audit matters.

b) Support to central finance & tax teams at corporate entity level on billing, audit, and data/information support.

c) Manage risk, compliance & governance aspects for the Trust platform.

- The role holder will play a pivotal role in overseeing and monitoring activities undertaken by Trust Operations team, particularly on accounting & taxation matters.

- The role holder is expected to focus on ensuring implementation of the right set of procedures and practices benchmarked to the highest level of global standards, maintaining sound risk management; delivering great customer service; ensuring that control measures are effective and relationships are sustained with large and complex clients.

- The role holder will be focused on building efficiency and effectiveness across the existing operating platform to deliver outstanding customer and colleague centric journeys.

- The role holder will also play a leading role in ensuring strong governance across the platform and manage outsourced relationships to ensure the right operational service levels are maintained.

- The role holder shall contribute to the platform delivery objectives of business by interacting with clients and be able to demonstrate the USP of Barclays Trust & Fiduciary Services proposition in India especially from experience, expertise and efficient client service delivery perspective.

- The role holder will represent Barclays as the Senior Trust & Fiduciary Services representative in India, providing overarching leadership and driving strong governance of the India platform.

What will you be doing?

Business Support on accounting, taxation, audit and Trust Administration :

- Manage the operations team specifically with respect to delivery of actionable on Trust accounting, billing, tax & audit matters ensuring 100% compliance

- Responsible and liaise with internal & external stakeholders for various activities pertaining to client engagement and delivery

- Support the platform on matters relating to client billing

- Manage indirect reports in the Trust operations team helping them identify strengths & development areas in their own skills and behaviors

- Providing data/inputs to central finance & tax teams at corporate entity level relating to the business, assist to resolve queries and provide audit support

- Providing support to the corporate entity - finance team on billing/invoicing matters

- Any other general support activity required from time to time

Risk, compliance & governance :

- To exercise control over resources, policy formulation & planning and be accountable for end results.

- To have comprehensive understanding of sub functions like Fiduciary Risk, Business Risk, Compliance, Operations, Client on boarding, etc and how their processes and resources interact to achieve the objective of efficient and effective client delivery for Trust business.

- To be responsible and liaise with internal & external stakeholders for various activities pertaining to client structures and platform delivery & execution.

- To manage relationship with key trust clients and addressing their needs in respect of asset infusion, distributions, etc.

- To assist in drafting & implementing Barclays strategy / policy in all areas including risk management (operational, CDD and fiduciary), change, sales and business development pertaining to Trust & Fiduciary Services and linking as appropriate with specialists from the Group in particular in particular ensure team adherence to reputational risk, Financial Crime procedures covering New Client Acceptance/Customer Due Diligence and Money Laundering responsibilities.

- Given the technical expertise, review and clear case documentation and ensure fiduciary risk aspects are adequately dealt. This also includes explaining and driving various operations, compliance, technology and other infrastructure teams to deliver on the platform including escalation wherever required to COO office.

- To ensure that all governance, risk management, controls reporting and compliance requirements are adhered to.

- To have supervisory control on ERF systems and manage exceptions pertaining to Trust business, if any.

- To oversee and ensuring that service and delivery standards of outsourced vendors (tax consultants) are up to the desired levels.

- To have an oversight on Trust Operations team, helping them to identify strengths and development areas in their own skills and behaviours.

- The role holder will demonstrate good analytical skills by reviewing the client requirements, sourcing data from relevant internal and external stake holders to address the said requirements while in parallel ensuring that the platform policies and standard compliances are also adhered to and where required he/she shall reach out to the relevant stakeholders to address the requirement through modification / clarification in the relevant or applicable policies and standards.

- The role holder will ensure innovative as well as effective solutions for both platform and client related queries by interacting and collaborating with various internal stake holders and external stake holders e.g. legal firms to interpret problems, carry out research (where required either on his own or through an internal or external stake holder.)

- The role holder shall demonstrate a broad and comprehensive understanding of concepts & principles of Indian Trust & Fiduciary services industry by identifying and resolving issues that could have an impact beyond the said scope of services.

What we're looking for :

- Qualified Chartered Accountant (minimum requirement)

- Through understanding of accounting and taxation particularly on private trusts, employee benefit structures

- Compliance, Risk & Control driven approach

Skills that will help you in the role : The role holder will interact with (A) all internal stakeholders & senior management, Trust & Fiduciary Front Office, Trust Operations team, accounts & tax team, auditors, (B) external stakeholders viz. external auditors, accounting/tax consultants and the clients. The role holder is expected to have good interpersonal skills.