AVP Technical Accounting

As a member of the Technical Accounting Group (TAG) you will provide technical accounting guidance applicable to Barclays financial reporting. The Technical Accounting Group’s key responsibilities include partnering with Finance and Business colleagues in relation to the integrity of the application of IFRS and Barclays accounting policies, and engagement in accounting standard setting activity to identify and plan for future changes in accounting requirements.­­­­­­­­­­­­­­­­­­

As a Technical Accounting Assistant Vice President, you will partner and collaborate with others in TAG and Finance to:

• Provide accounting guidance on transactions and events relevant to Barclays’ financial reporting under IFRS.
• Identify the appropriate accounting for new products and complex transactions by obtaining a full understanding of the business rationale and transaction economics.
• Update, maintain and develop internal accounting policies by converting complex accounting standards into relevant and usable accounting policies for Barclays.
• Support the design and delivery of technical accounting training materials to Finance, Business and other colleagues in a way that is accessible and relevant to recipients.
• Engage in industry forums to understand industry practice on interpretive or judgmental accounting policies and to connect on developments or changes in the industry.

The ideal candidate:

• Demonstrates an interest in learning, understanding and applying accounting requirements under IFRS. Technical accounting expertise will be gained and developed in-role through the supportive and collaborative culture of Barclays Technical Accounting Group.
• Recognizes the importance of supporting the integrity of Barclays financial reports.
• Collaborates effectively to build relationships and knowledge.

You may be assessed on 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.

Purpose of the role

To develop and analyse, the bank's financial and regulatory policies and interpretations, complying with applicable laws, internationally agreed standards, and regulations, to enable effective management of the bank’s financial risks.  

Accountabilities

• Development and assessment of financial policies, standards and associated controls that govern the bank's statutory and regulatory reporting obligations, and analysis of financial data and industry trends to identify areas for policy improvement or revision.
• Management of the implementation of financial and regulatory policies across the bank's departments and business units, and support to employees on the interpretation and application of policies.
• Continuous review of evolving laws, regulations, and regulatory guidance affecting the bank's operations, and assessment of the impact of regulatory changes on the bank's business activities, financial performance, and risk profile.
• Communication of financial and regulatory policies to relevant stakeholders in a clear and concise manner, and development and delivery of training programs on financial and regulatory policies to ensure employee understanding and adherence.
• Management of communication with regulatory authorities to gain insights into upcoming regulatory changes and expectations and participate in regulatory consultations and provide feedback on proposed regulations.

Assistant Vice President Expectations

• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders 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.