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.