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BA4 - Finance

  • Job
    Full-time
    Senior Level
  • Accounting & Tax
    Banking & Finance
  • Mumbai

AI generated summary

  • You need experience with India accounting standards, RBI regulations, and tax laws, along with strong technical knowledge and leadership skills to manage risks and guide team efforts.
  • You will manage accurate financial statements, assess financial risks, maintain internal controls, implement policies, oversee financial systems, prepare regulatory reports, and coordinate audits.

Requirements

  • To be successful in this role you’ll need experience of India accounting standards and RBI regulations, India Tax laws.
  • This role is based in Mumbai.
  • 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
  • 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.
  • Will have an impact on the work of related teams within the area.
  • Takes responsibility for end results of a team’s operational processing and activities.
  • 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.

Responsibilities

  • 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.

FAQs

What are the primary responsibilities of the BA4 Finance role?

The primary responsibilities include managing financial operations, ensuring the accuracy of financial reporting, preparing financial statements, developing internal controls, implementing financial policies, coordinating with auditors, and submitting regulatory reports.

What qualifications are required for this position?

The candidate should have experience with India accounting standards, RBI regulations, and India Tax laws.

Where is this position located?

This role is based in Mumbai.

What skills are essential for success in this role?

Essential skills include in-depth technical knowledge in finance, strong understanding of financial principles, experience in risk assessment and mitigation, and the ability to lead and support a team.

What is the team structure for this role?

This role involves leading a team, guiding its members, allocating work requirements, and coordinating team resources.

Are there opportunities for professional development in this position?

Yes, as a leader, the person in this role is expected to support professional development and create an environment for colleagues to thrive.

What are the expectations for analysts in this role?

Analysts are expected to perform activities to a high standard, drive continuous improvement, provide technical expertise, and take responsibility for operational outcomes.

How does this role involve collaboration with other functions?

The role requires partnership with other functions and business areas to ensure alignment and achieve organizational objectives.

What values are essential to the culture at Barclays?

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

Is experience in financial risk management important for this role?

Yes, experience in identifying, assessing, and mitigating financial risks is a key aspect of the role.

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.