AVP - Product Control

Barclays

Oct 30

Applications are closed

Job
Full-time
Senior & Expert Level
Banking & Finance
Product
Chennai

Requirements

Quantitative primary degree.
Valuation control or product control experience in a financial services environment.
Strong communication skills including the ability to distil complex issues into an easy to digest summary for senior management.
Strong understanding of Financial Derivatives.
Good understanding of Microsoft Office products.
Experience with Bloomberg, Reuters terminals.
Proactive change champion who looks to develop and embed best practice.
Strong communicator (written and interpersonal) with an understanding of senior management perspective.
Confident and assertive with the ability to negotiate and influence constructively across teams and geographies.
Risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

Responsibilities

Reconciliation of daily profit and loss (P&L) figures for trading desks to ensure they align with the valued positions in the trading book, investigating and resolving discrepancies between P&L figures to ensure they reflect the true economic value of the trading portfolio.
Support the identification, assessment, and mitigation of trading risks, and report on these financial risks to senior colleagues.
Maintenance and analysis of the bank’s trading data, ensuring its accuracy, completeness and consistency, and provision of insights to traders and senior colleagues on trading performance.
Preparation and submission of regulatory reports to authorities, and provision of support to external audits including addressing auditor queries and ensuring trading activities are appropriately reflected in financial statements.
Effective communication of complex financial information to traders, risk professionals, senior colleagues, and external stakeholders.
Cross functional collaboration to ensure a coordinated approach to trading activities.
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.

FAQs

What is the role of an AVP in Product Control?

The AVP in Product Control oversees the financial aspects of trading activities, ensuring the accuracy and integrity of the bank's trading book, compliance with regulatory requirements, and providing insights into trading performance.

What qualifications are needed to apply for this position?

Candidates should have a quantitative primary degree and experience in valuation control or product control within a financial services environment.

What skills are highly valued for this role?

Highly valued skills include strong communication abilities, a good understanding of financial derivatives, proficiency in Microsoft Office products, and experience with Bloomberg and Reuters terminals.

What are some key accountabilities of the AVP - Product Control position?

Key accountabilities include reconciliation of daily profit and loss figures, supporting risk identification and mitigation, maintaining and analyzing trading data, preparing regulatory reports, and effective communication with stakeholders.

Where is this role based?

This role is based out of Chennai/Pune.

What are the expectations for an Assistant Vice President in this role?

The AVP is expected to advise and influence decision-making, lead a team, contribute to policy development, manage risk, and engage in complex analysis of data to support the organization's objectives.

What behavioral competencies are associated with this position?

AVPs are expected to demonstrate the four LEAD behaviors: Listen and be authentic, Energize and inspire, Align across the enterprise, and Develop others.

Will there be opportunities for career development in this role?

Yes, there will be opportunities for career development, including coaching team members, contributing to policy development, and identifying new directions for assignments.

What values are expected from colleagues in this organization?

Colleagues are expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, as well as the Barclays Mindset – to Empower, Challenge, and Drive.

Barclays

Barclays is a British multinational bank offering personal, corporate, and investment banking services worldwide.

Finance

Industry

10,001+

Employees

1690

Founded Year

Mission & Purpose

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.

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