Group FP&A - VP

This is a vital role within Group FP&A team, supporting the Barclays Group CFO and Head of Strategic Finance to support and add value in the execution of the group’s strategy in multi-year planning cycles, annual budgets and in-year forecasts. This includes providing senior management with insightful analysis, multi-scenario outcomes, the identification of further opportunities and risks and the BAU delivery of monthly reporting and performance tracking

The VP will work closely with Finance leaders across the organization to enhance financial transparency and support executive decision-making and will be responsible for ensuring accuracy and integrity of consolidated financial forecasts and reports for Barclays Group driving standardization in financial reporting.

Key skillsets required across the team :

Core FP&A: Lead and support regular financial planning cycles, generating forecasts, challenging assumptions, and identifying opportunities and risks

Performance management: Develop and track key financial and operational metrics to evaluate business performance

Business Analytics: Analyse financial results, generate financial models and supporting scenario analysis to provide actionable insights

Strategic decision support: Create impactful presentations based on rigorous financial analysis to portray key messages that lead to management actions

Stakeholder Management & Business Partnering: Act as a key liaison between FP&A, accounting, treasury, capital, and different business unit leaders to drive financial alignment and transparency and standardisation

Expense Management: Optimize cost structure and identify efficiency opportunities and execution risks to deliver on CIR targets to drive profitability

Risk & Controls oversight: Ensure financial models, forecasts and reports are embedded in appropriately strong control environment

Board & Executive Reporting: Prepare presentations and reports for finance senior management, ExCo and Group Board meetings

Technology and Process improvements: Leverage financial systems and tools to enhance automation, reporting and data accuracy

At the VP level the ideal candidate will have strong analytical skills, a drive to make a commercial impact, curiosity to learn about all aspects of the business and a willingness to engage with colleagues across the organization to build strong relationships

Candidates are expected to have experience building or utilizing financial models, experience managing large datasets to analyse data and presenting insights to senior leaders. Knowledge of the banking industry or financial services more broadly is preferred, and familiarity with financial systems like Hyperion would be considered a plus alongside experience in the Big 4 audit and advisory firms or FP&A roles in other large organisations.

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 provide financial expertise and support to specific business units or departments within the organisation, and act as a liaison between the finance function and various business units, helping to bridge the gap between financial data and business decisions.  

Accountabilities

• Development and implementation of business unit financial strategies, plans and budgets, using insights to evaluate the financial implications of strategic initiatives and recommend appropriate actions.
• Development of financial models to forecast future performance, assess investment opportunities, and evaluate financial risks for business units, and to analyse the impact of business decisions on financial performance and provision of recommendations.  .
• Cross functional collaboration to provide financial insights and guidance to business unit stakeholders.
• Identification of opportunities and implementation of financial process improvements that streamline financial operations.
• Support to business units in identification, assessment, and mitigation of financial risks, including provision of training and guidance to business units on financial risk management and compliance practices.
• Analysis and presentation of financial data to provide insights into business performance, identify trends, and support decision-making.

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.