VP Financial Control

Join us as a Vice President Financial Control and help us turn challenges into opportunities by managing the financial operations of the organization, ensuring the accuracy, integrity, and reliability of financial reporting. In this role, you will lead Accounting and Reporting for Barclays entities based out of Americas region.

To thrive in this role, you’ll need to have:  

• Deep experience in managing controllership (month close processes, account reconciliation and substantiation, disclosures, financial statement preparation/presentation etc.) role for Banking /Trading (investment banking) products within a large-scale Banking and Financial service sector entities.

• Experience in handling complex system architecture and data flows with advanced knowledge of downstream reporting requirements.

• Experience in handling setting up of new processes and governance around accounting/reporting to meet the internal and external requirement changes.

• Solid understanding of the control and governance framework for financial reporting within the Banking/Trading domain.

• Excellent cross functional knowledge and Stakeholder engagement skills.

• Experience in managing multiple statutory audits and related governance.

Some other additional qualifications required are:

• CA/CFA or equivalent certification with 12 or more years of post-qualification experience (for external candidates) with leadership exposure of managing large teams.

• Expert knowledge on IFRS and IAS reporting requirements. Working knowledge of US-GAAP compliance.

• Exposure in accounting for Banking and Trading/Markets products and desks including deeper understanding of complex structures will have an added advantage.

• Experience in AI/ML and new aged system/technologies like Alteryx will be given preference.

• Experience in leading and delivering change management initiatives around transformation and business restructure like system migration, adopting new tools, business changes etc. will be an added advantage.

You may be assessed on the key critical skills relevant for success in this role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role is based in our Chennai office.

Purpose of the role

To manage the financial operations of the organisation, ensuring the accuracy, integrity, and reliability of financial reporting. 

Accountabilities

• 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.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..

• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..

• 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. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..

• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..

• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.

• Manage and mitigate risks through assessment, in support of the control and governance agenda.

• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.

• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.

• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.

• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.

• Adopt and include the outcomes of extensive research in problem solving processes.

• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.