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Analyst - Product Control


Source:
TIMESJOBS.COM
Location:
Chennai, TN
Date:
08-11-2016
Job Code:
58228350
Categories:
  • Banking & Finance
Applying for this job will take you to an external site
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Job Details

FinanceThe Finance department covers Product Control, Financial Control, Financial Decision Support and Tax.The primary function of Product Control is to work closely with all business stakeholders in achieving the objectives of the firm, in compliance with all relevant regulations and reporting requirements.The PC Product Line teams play a key role in ensuring an independent validation, substantiation and reporting of financial information for a particular FO business unit. The responsibility by Line PC Teams for completeness and accuracy of the books and records comprises ofP&L and B/S substantiation and reporting (including P&L explain / attribution, reconciliations, P&L commentaries, adherence to accounting principles, etc.).Monitoring trading activity for compliance with various related policies.Providing management with technical and operational analysis of the business unit.Regular interaction with FO business, Financial Control, Technical Accounting Group, PC Change Management, Technology and other infrastructure areas Overall purpose of role Produce daily desk PL including commentaries, investigate Flash/Formal differences Ensure the maintenance of a strong internal control environment. Review key controls FOBOs, adjustment substantiation and New, Amends & Cancels trades reviewKey Accountabilities and Skills requiredThis section should includeKey specific accountabilities.Daily Responsibilities Perform daily P&L, P&L attribution, P&L commentary, Investigate Flash vs. Formal differences Develop a sound understanding of daily processes the what , the why and the how . Review P&L attributions and prepare commentaries and other MI Maintain trader mandate, monitor Volcker limits. Submit Clean & Hypo P&L for back-testing Attend to ad hoc queries from the traders and other infrastructure partners relating to trading revenue and Balance Sheet.Weekly / Monthly Responsibilities Balance Sheet control and commentary, Month End adjustments and Balance Sheet Substantiation Perform key weekly & monthly reporting to senior management. Attend to queries from internal and external audit and reviews and maintain key stroke documentations for key PC processes, risk assessment and SOX documentation.Controls Ensure that a strong internal control environment is maintained at all times. Review key controls FOBOs, adjustment substantiation and New, Amends & Cancels trades review Identify and drive process re-engineering and constantly challenge current processes for improvement and efficiency Raise any control weaknessesto line managers and share with wider team. Collaborate with colleagues to be part of the solution.Efficiency Acquire subject-matter expertise on process and front-to-back system flows across the bank Demonstrateinitiative to identify and drive process improvements, either individually or through engaging team-level support Commercial Effectiveness Good financial product knowledge Appreciation and understanding of financial markets Experienced with MS office toolkit (Word, PPT, Excel, Access Database etc) Demonstrate initiative and readiness to take on responsibility for continuous improvement. Work well within the team and portray high standards of team work Ask questions and challenge status quo Question and satisfy yourself with the reasons for doing certain things in a certain way. Excellent communication and inter-personal skillsStakeholder management and leadership.Relevant details updated above.Decision making and problem solvingRelevant details updated above. Risk and Control All Barclays colleagues have to ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards Your Skills and Qualifications will include Qualified accountant / CIMA CFA / Masters in Finance / Financial Engineering would be an advantage Articleship / Industrial trainee in mid to large d firms Audit exposure in large financial institutions / banks preferred Good financial product knowledge Appreciation and understanding of financial markets Experienced with MS office toolkit (Word, PPT, Excel, Access Database etc) Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and UK / US as part of a global team (written and verbal)Strong control awareness in particular, the ability to identify and escalate potential control breakdowns and to streamline processes in an effective and efficient manner. Has the initiative and ability to break down problems into components parts and resolving them Attention to detail and analytical Confident and assertive manner Displays integrity, initiative and commitment through interactions with colleagues and clients Work well in a team and maintains good relations with team members Ability to work with a spectrum of people and work well in a team Proactive. Displays enthusiasm, initiative and diligence Opportunity to be groomed to be future leaders, where there will be expended remit for future growth. Works well in a team with high standards for team workFinancial Control
Degree: MBA/ PGDM

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 2-6

Requirements

Project/Structured Finance | Risk/Credit/Economic Analyst
Applying for this job will take you to an external site

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