Assistant Vice President- Impairment reporting

Become part of Barclays Impairment reporting as an Assistant Vice President. As part of this role, the candidate will be required to embed a control functionality by building and leading the development of the output for the team, where you’ll help craft innovative solutions that influence. The purpose of this role is to manage a team responsible for the Governance and Control aspects of the Impairments FTC.  This is the front end of the Group Impairment FTC team where the output is most visible and therefore a transparent, detailed and well-understood approach to Governance and Control is essential.

To be successful in this role, you should have

• University degree or equivalent
• Qualified accountant/master’s with an understanding of a relevant functional area such as financial reporting or FP&A in an investment bank
• Analytical skills
• Clear and concise communication to present results of analyses up to level of Director/ MD in the organization.

Some other highly values skills include

• Data management/analysis skills, with experience in usage of widely known commercially and open-source available data processing software.
• The initiative and curiosity to challenge current processes and develop effective alternative solutions
• A high level of commitment and enthusiasm
• Knowledge of Credit Risk disclosures and IFRS 9 standard
• Knowledge of financial services industry and market

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.

This role will be based out of Chennai.

Purpose of the role

To evaluate and assess the potential impairment of financial assets, ensuring that the bank's financial statements accurately reflect the economic value of its assets.   

Accountabilities

• Identification of potential impairment triggers, analysis of relevant financial and non-financial information to assess the potential for impairment of financial assets, and application of quantitative and qualitative impairment tests to determine whether an asset is considered impaired.
• Assessment of the impairment loss for an asset by identification of the right valuation method, assessment of its fair value, and documentation of the process.
• Calculation of the impairment provision to reflect the impairment loss and prepare clear and accurate impairment disclosures for financial statements.
• Management of the performance of impaired assets and reassessment of their impairment status on a regular basis.    .

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• 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 lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• 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.