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BA4 Product Control SP 2

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Barclays

Aug 30

Applications are closed

  • Job
    Full-time
    Mid & Senior Level
  • Chennai

Requirements

  • - 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.

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.

FAQs

What is the main purpose of the BA4 Product Control SP 2 role?

The main purpose of the role is to oversee the financial aspects of trading activities, ensuring the accuracy and integrity of the bank's trading book, maintaining compliance with regulatory requirements, and providing insights into trading performance.

What are the key accountabilities associated with this role?

Key accountabilities include reconciliation of daily profit and loss (P&L) figures, identifying and mitigating trading risks, maintaining and analyzing trading data, preparing regulatory reports, effectively communicating financial information, and collaborating cross-functionally.

What expectations are there for analysts in this role?

Analysts are expected to impact related team workflows, partner with other functions, take responsibility for operational outcomes, escalate policy breaches, influence decision making, manage risks, and maintain an understanding of organizational objectives and processes.

How is communication addressed in this role?

Effective communication of complex financial information is emphasized, both to stakeholders within and outside the immediate function, while building a network of contacts.

Are there any specific values and mindsets expected from colleagues in this role?

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

What kind of collaboration is expected in this role?

Cross-functional collaboration is essential to ensure a coordinated approach to trading activities and to effectively address financial risks and insights.

What type of financial reports will be prepared in this role?

Analysts will prepare and submit regulatory reports to authorities and provide support during external audits, addressing auditor queries and ensuring accurate reflection of trading activities in financial statements.

Is there an emphasis on risk management within this position?

Yes, the role requires identifying, assessing, and mitigating trading risks, with an expectation to report these financial risks to senior colleagues.

What is expected in terms of decision-making influence?

Analysts are expected to advise and influence decision-making within their area of expertise, taking ownership of managing risk and strengthening controls related to their responsibilities.

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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