Barclays - Analyst - Product Control

Analyst - Product Control - Barclays Shared Services

About Barclays :

Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.

We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across Barclays. We're one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, and wealth and investment management.

About Product Control :

- The Finance department covers Product Control, Financial Control, Financial Decision Support and Tax.

- The primary function of Product Control is to work closely with all business stakeholders in achieving the objectives of the firm, in compliance with all relevant regulations and reporting requirements.

- The PC Product Line teams play a key role in ensuring an independent validation, substantiation and reporting of financial information for a particular FO business unit.

Product Control at Barclays :

We are committed to hiring and retaining top talent, and investing heavily in the development of our people.

- Product Control is a highly rewarding, supportive and friendly place to work. Our people are flexible, ready to think on their feed and overcome plenty of challenges.

- We offer a unique experience compared to other investment banks.

- Chennai is an extension of our global Product Control team and operates as a full end to end function supporting several asset classes across the globe. Organisational structure and functional responsibilities are the same in Chennai as they are in our other major Product Control hubs around the world.

- The Chennai build out is an exciting growth opportunity for us and it offers un-paralleled career and mobility opportunities

Daily Responsibilities :

- Produce daily desk PL including commentaries, investigate Flash/Formal differences

- Ensure the maintenance of a strong internal control environment. Review key controls: FOBOs, adjustment substantiation and New, Amends & Cancels trades review

- Review P&L attributions and prepare commentaries and other MI

- Maintain trader mandate. Monitor mandate & loss threshold limits

- Submit Clean & Hypo P&L for back-testing

- Attend to ad hoc queries from the traders and other infrastructure partners relating to trading revenue and Balance Sheet.

Weekly / Monthly Responsibilities :

- Review key weekly & monthly MIS to senior management.

- Gain in-depth understanding of provisioning and price testing controls and processes, and perform detailed review of the working files.

- Engage in detailed discussion with traders, risk managers and Independent Valuation Control team on the results. Liaise with valuation expert on modelling appropriateness and other technical/booking issues.

- Perform detailed review of month end adjustments, and Balance Sheet substantiation

Qualifications /education :

- Qualified accountant / CIMA

- CFA / Masters in Finance / Financial Engineering would be an advantage

Working Experience :

- Articleship / Industrial trainee in mid to large sized firms

- Audit exposure in large financial institutions / banks preferred

- 1-2 years of experience in finance function (preferred Product Control) in an investment bank

Technical knowledge / skills :

- Good financial product knowledge

- Appreciation and understanding of financial markets

- Experienced with MS office toolkit (Word, PPT, Excel, Access Database etc)

- Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and UK / US as part of a global team (written and verbal)

Barclays Values and Diversity :

Our common purpose is to help people achieve their ambitions - in the right way. We- ll measure and reward our people, not just on commercial results, but on how they live our Values of Respect, Integrity, Service, Excellence and Stewardship and bring them to life every day.

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