Vice President Financial Controller (Pension Fund)

As the Financial Controller for the Barclays Bank UK Retirement Fund (UKRF), you will oversee and manage the day-to-day finance operations, ensuring robust financial control and governance. The UKRF is a trust based pension fund with over 200,000 members and c£25bn in assets, overseen by an independent non-executive trustee board. You will lead the maintenance and development of the financial control environment, manage statutory and management accounting for budgetary control, and support the UKRF Finance Director in effective finance governance. Your role will involve working closely with internal Pensions and Investment teams, Barclays functions, and external advisers to ensure excellence in all areas.

You will be responsible for maintaining and overseeing the UKRF’s financial reporting and payment systems, managing regular accounting reconciliations, and producing statutory regulatory and tax reporting. You will plan and manage the production of the annual audited UKRF Annual Report, oversee relationships with external auditors, and manage the day-to-day relationship with Willis Towers Watson for pension payroll and benefit Treasury management. Additionally, you will manage budgets and reporting processes, oversee accounts production for other pension schemes, and produce governance reporting papers. You will lead the UKRF Finance Team, develop their skills, and manage relationships with

internal stakeholders and external suppliers, ensuring effective communication and collaboration.

To be successful as a Vice President Financial Controller (Pension Fund), you should have experience with

• Relevant professional qualifications such as ACA, ACCA, CIMA, or equivalent.
• Extensive audit or financial control experience, with a considerable technical understanding of accounting, financial management, and
• controls specifically for pension schemes.
• Exposure to complex investment accounting, including derivatives.
• Proven experience in budgeting and cost management monitoring.

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

Glasgow

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

• 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.