Analyst, SP Product Control

Barclays

About the Role

Join Barclays as an Analyst - SP Product Control, playing a pivotal role in ensuring the completeness and accuracy of P&L (Profit & Loss) and Balance Sheet substantiation and reporting. This role involves monitoring trading activity for compliance with related policies and providing management with technical and operational analysis of the business unit. You will collaborate closely with Front Office business, Financial Control, Technical Accounting Group, PC Change Management, Technology, and other infrastructure areas. This role will be based out of Chennai and Pune.

Purpose of the Role

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.

Key Responsibilities

• Reconciliation of daily profit and loss (P&L) figures for trading desks.
• Investigation and resolution of discrepancies between P&L figures.
• Support the identification, assessment, and mitigation of trading risks.
• Reporting on financial risks to senior colleagues.
• Maintenance and analysis of the bank’s trading data for accuracy, completeness, and consistency.
• Provision of insights to traders and senior colleagues on trading performance.
• Preparation and submission of regulatory reports to authorities.
• Support external audits, 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.
• Performing prescribed activities in a timely and high-standard manner, driving continuous improvement.
• Escalating breaches of policies/procedure appropriately.
• Taking responsibility for embedding new policies/procedures adopted due to risk mitigation.
• Making evaluative judgments based on the analysis of factual information, with attention to detail.
• Resolving problems by identifying and selecting solutions through acquired technical experience.

Requirements & Tech Stack

• Experienced with MS Office toolkit.
• Qualified accountant.
• 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, with the ability to identify and escalate potential control breakdowns and streamline processes effectively and efficiently.

Highly Valued Skills

• Financial engineering would be an advantage.
• Articleship / Industrial trainee in mid to large-sized firms.
• Audit exposure in large financial institutions / banks preferred.

Analyst Expectations

• 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.
• (For individual contributors) Develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Take responsibility for end results of operational processing and activities.
• Advise and influence decision-making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to owned or contributed work.
• Deliver work and areas of responsibility in line with relevant rules, regulations, and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with the function, alongside knowledge of the organization's products, services, and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organization's sub-function.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as a contact point for stakeholders outside of the immediate function, while building a network of contacts outside the team and external to the organization.
• Demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship.
• Demonstrate the Barclays Mindset – to Empower, Challenge and Drive.