Analyst - Financial Control

Join us as a Analyst - Financial Control, where you will be responsible for the preparation of regulatory returns to the Reserve Bank of India (RBI) and ensure compliance with financial control and reporting standards. You will play a key role in regulatory inspections, audits and on automation initiatives.

To be successful in this role, you should:

• Prepare RBI regulatory returns and disclosures, ensuring accuracy, completeness and timeliness.
• Manage reporting related to Capital Adequacy, ALM, Treasury returns, and other RBI regulatory requirements.
• Ensure compliance with RBI regulations, internal financial control standards and accounting frameworks including Indian GAAP, IFRS, and Ind AS.
• Supporting RBI Inspections, statutory audits and reviews.
• Collaborate with Finance, Risk, Treasury, Operations, and Business teams to support regulatory reporting obligations.
• To work and deliver on RBI reporting automations, process improvements and transformation initiatives.
• Culture of accountability, ownership, integrity and continuous improvement.

Essential Skills/Basic Qualifications:

• Qualified Chartered Accountant (CA).
• Experience in the Indian banking industry will be an added advantage.
• Understanding of RBI regulations relating to Capital Adequacy, ALM, Treasury reporting, and regulatory returns.
• Knowledge of Indian GAAP, IFRS, and Ind AS.
• Experience in audits and inspections.

Desirable Skills/Preferred Qualifications:

• Strong analytical and problem-solving skills.
• High execution focus with the ability to manage multiple priorities.
• Effective communication skills.
• Self-motivated, results-oriented and detail-focused.
• Ability to work effectively in a demanding regulatory environment.
• Strong ownership mindset with a focus on automation and continuous improvement.

You may be assessed on the key critical skills relevant for success in role, such as:

• Accuracy, completeness and timeliness of RBI deliverables.
• Strong adherence to the regulatory and control frameworks.
• Timely and accurate delivery against objectives.
• Responsiveness to ad-hoc regulatory queries and inspections.
• Successful implementation of automation and process enhancement initiatives.

Job location is Mumbai.

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.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• 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 develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

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.