Associate

Join us as an "Associate" at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences.

To be successful as a "Associate", you should have experience with:

About India Corporate Operations

About Regulatory Reporting department

As part of the regulatory and supervisory functions bestowed on it, the Regulators in India collects various fixed format data (called 'Returns') from commercial banks, financial institutions, authorised dealers and non-banking financial institutions. This department is responsible for timely and accurate filing of Operations Returns to Regulator either directly or indirectly. This department is also accountable for preparation and oversight of various exposure reports for local and group Credit risk.

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Overall purpose of role

The purpose of this role is to lead the Regulatory Reporting team in preparation, submission, and automation of Corporate & Investment Banking Regulatory returns for Corporate and Investment Bank Operations as well as exposure reports for local and group Credit risk team.

This role envisages team management, stakeholder management and maintain robust control environment.

• Managing and delivering solutions and effective decision making
• Liaise with respective Stakeholders (Finance, Credit, Coverage, BIU, Compliance, Legal, Internal & External Auditors, Risk Control Unit, Technology, Vendor partners etc) on an ongoing basis to meet Barclays deliverables and Internal, external customer requirements.
• To act as a role model for all our values as well as inspire, motivate the team, drive for results, and communicate powerfully and prolifically.
• To conduct periodic assessments of the Control environment by analysing existing controls and issue around timeliness accuracy and completeness of risk information. Identify missing or weak controls, and work with risk reporting teams and other infrastructure teams to improve the control environment.

Key Accountabilities

Management of Operations support activities:

Credit Reporting:

• Key responsibility includes accountability and oversight of preparation of various exposure reports basis the sanctioned and activated limits and drawdown captured in Core banking system,
• Accountability and oversight of manual reconciliation between various system extracts and financials of the bank (Trial Balance) and other reports.
• Timely follow-up with Internal stakeholders for data input and timely escalation.
• Timely contribute to decks submitted to banks Governance forums.
• Maintain effective and standard operational processes and documentation. Assist in preparing any other documentation as may be required from time to time.
• Partner with support functions to drive excellence, continuous improvement, and simplification of processes in a timely and professional manner.

Regulatory Reporting:

• Act as subject matter expert (SME) for Regulatory reporting.
• Ensure that all returns and reports are delivered timely and accurately, SLAs are met, measured, and reported to stakeholders on agreed frequency.
• Accountable for reviewing of 100+ Regulatory Returns like CRILC, RLC, LEF, RAQ, DSB XII, PSL, Non-Resident Guarantee and Invocation data, CIC Reporting, RBS – (Tranche I, IA, IB, IC, ID, IE, IF, IG, IH II, III, Bank Profile), and any other returns as assigned from time to time.
• Timely issue management. Escalate open and aging issues as per the bank’s escalation metrics and follow-up for resolution. Timely contribute to decks submitted to banks various Governance forums.
• Ensuring that the regulatory filings are in line with the Regulatory guidelines and Barclays standards and policy.
• Training needs, familiarize team with the existing as well as any new regulatory guidelines pertaining to such reporting.
• Manage RBI ADF automation project & RBI CIMS project for the returns owned by Operations. Clearly understanding the Returns automation requirements, interacting with the Stakeholders, and reviewing of the BRDs.
• Reviewing the User Acceptance Testing from a functional point of view, for the defects raised if any and reviewing of the following up for closure.
• Collaborating with stakeholders like Credit Risk, Compliance, Finance, Technology teams and vendor partners in the automation cycle. Serve as an in-house subject matter expert in issues arising out of functional areas.
• Maintain effective and standard operational processes and documentation. Assist in preparing any other documentation as may be required from time to time.
• Partner with support functions to drive excellence, continuous improvement, and simplification of processes in a timely and professional manner.
• Contribute to regulatory reporting compliance framework.

Stakeholder management and leadership.

Stakeholder Management and Leadership skillsare critical components to the successful delivery of many activities required within thisrole.

Stakeholder Management

• Liaising with Technology on automation of Regulatory returns, preparation of BRDs and defining of logics.
• Liaising with Regulators for RBI ADF Project, RBI-CIMS Projects & any other submission related activities including ad hoc submissions.
• Liaising with Credit Risk and Coverage team catering to various data and information requirements.
• Liaising with the BIU team for obtaining of various reports for internal or regulatory requirements.
• Liaising with the Compliance and Legal teams towards new Regulations and changes in process notes, regulatory submissions, and compliance requirements.
• Liaising with Corporate & Investment Operation teams.
• Liaising with RCU for assistance on recording their borrower’s static data in CFMS & Regulatory submissions
• Liaising with internal Audit teams for any audit requirements / change in existing processes.
• Liaising with external vendors (IT support / Auditors) as and when the requirement arises.
• Work with the wider risk reporting and risk management teams to ensure controls are fit for purpose, with agreed schedule to implement missing or weak controls.

Leadership:

• Developing a second line manager.
• Being proactive and to provide a strong sense of ownership to be demonstrated by the team.

Decision making and problem solving.

• Effective problem-solving skills with a deeper, broader, and clear understanding key concerns challenging the team and driving control improvements.
• Ensure efficiency by highlighting areas that could cause potential risk to the bank and developing solutions to enhance current on-going processes and controls.
• Create strong partnerships with the Monitoring team within Credit Operations, Trade Ops, Payments Ops, Investment Bank Ops and other divisions within Operations. Support business areas in deciphering upcoming regulatory & reporting changes and help them implement appropriate controls to meet these requirements.
• Strong analytical skills to enable good decision making. Incumbent should be able to provide guidance to other team members/colleagues on the specific areas of expertise.
• Demonstrate ability to manage, motivate and develop the team by way of proper planning and execution thereof.
• Flexibility to adapt to rapidly changing business events; Ability to work well under pressure, working accurately with attention to detail, and meeting deadlines.
• Active multi-tasking skills to analyse in detail and react quickly to problems performance related issues, coordination with other teams and task prioritization conflicts.

Skills and Qualifications will include.

• Basic understanding of Group Policy Guidelines, Credit Risk, Country Grades and Exposure Guidelines
• General knowledge and understanding of the Bank’s Products and Services is required to assist with proposed or existing transactions.
• IT Skills are required to extract and analyse a wide variety of reports.
• Management & Leadership skills Including people development.

Person Specification

• This position requires an analytics professional specializing in Regulatory reporting and Credit reporting in financial services industry especially related to Corporate and Investment banking products and Operations.
• Experience working in Regulatory Reporting.
• Clear understanding of Regulatory reporting guidelines and Change Management principles, within a banking environment.
• Highly motivated, results-oriented, stakeholder -focused with strong people management skills.
• Good communication skills – should have fluent oral and written English skills.
• Should be able to visualize, implement and generate improvements in the current process, deliver efficiencies, strengthen the process framework and controls while making sure that the quality of reporting is immaculate.
• Ability to analyse and interpret large volumes of data, aggregation, and analysis of data on MS Excel to produce reports.
• Understand key performance measures and indicators that drive reporting and analytics.
• Proficient in MS Office.
• Strong interpersonal, analytical, facilitating, decision making and organization skills.
• Proactive, independent, and self-managing; Organized, detail Oriented & results driven.
• Change and transformation experience will be a plus.

Desirable skills/Preferred Qualifications:

• Fluent written and spoken English.
• Eye for detail in Document Vetting and Facility documentation.
• Customer-centric attitude
• Relationship Management Skills
• Communication Skills
• Personal Organisation
• Information Gathering Ability
• Problem Solving/Decision Making Skills
• Proactive
• Person with high Integrity

Essential Skills/Basic Qualifications:

• Experience in Ops support function related activities like preparation of MIS, dashboards, system knowledge
• MBA/Post-Graduate/Graduate.

Desirable skills/Preferred Qualifications:

• Knowledge of Barclays business areas, key priorities, and challenges
• Banking and Financial sector experience and knowledge of the types of activities that Ops function does.

Job location is Mumbai

Purpose of the role

To support business areas with day-to-day processing, reviewing, reporting, trading and issue resolution. 

Accountabilities

• Support various business areas with day-to-day initiatives including processing, reviewing, reporting, trading, and issue resolution.
• Collaboration with teams across the bank to align and integrate operational processes.
• Identification of areas for improvement and providing recommendations in operational processes.
• Development and implementation of operational procedures and controls to mitigate risks and maintain operational efficiency.
• Development of reports and presentations on operational performance and communicate findings to internal senior stakeholders.
• Identification of industry trends and developments to implement best practice in banking operations.
• Participation in projects and initiatives to improve operational efficiency and effectiveness.

Analyst Expectations

• 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.