Chennai, Tamil Nadu
Director - 90230255
Primary Location:IN-Tamil Nadu-Chennai
Job Type:Permanent/Regular
Posting Range:9 Jul 2019 - Ongoing

Job Title:
Director Product Control-SME, Chennai

Corporate Grade:

Reports to (Line Manager’s Job Title):
Anuj Ahuja, Head of PC, Chennai

Direct Reports (if applicable):
2-3 VPs

Business Area:
Barclays Finance, Chennai

Department/Function Level 1:
Finance and Accounting

Department/Function Level 2:
Product Controls

Primary Location:
IAR Role
Regulated Role

Role Profile Attestation
The content of this role profile is relevant for the role in question

Name of reviewer:
Anuj Ahuja

Role of reviewer:
Director-GfD-Finance, Chennai

Date of review:
8th October 2018

About Barclays
Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-term sustainable returns.

Our two clearly defined divisions, Barclays UK and Barclays International, provide diversification by business line, geography and customer, enhancing financial resilience and helping to contribute to the delivery of consistent returns through the business cycle. We have a strong core business with exciting prospects, well positioned to deliver long-term value for our shareholders.

Consistent with the objective of delivering long-term sustainable value for all our stakeholders, we have developed our Shared Growth Ambition – our approach to citizenship and the sustainability of the business model we operate. The aim is to make decisions and do business that provides our clients and customers, and the communities which we serve, with access to a prosperous future.

The delivery of our strategy is underpinned by the energy, commitment and passion of our people, and we are clear on our common purpose: to help people achieve their ambitions, in the right way.

About Barclays India Employee Value Proposition

At Barclays, each day is about being more – as a professional, as a person. The statement ‘Be More @ Barclays’ represents our core promise to all current and future employees. It is the characteristic that we want to be associated with as an employer, and therefore is at the heart of every employee experience. Following are the four supporting pillars of our employee value proposition:

Be More Globally Connected
Be More Inspired
Be More Impactful
Be More Valued

For further information on EVP, please click on the link below

About [Barclays Finance Shared Services]
Finance India has nearly 1,000 colleagues supporting Barclays businesses globally, through the provision of accounting and reporting services. The team is spread across two cities in India - Noida and Chennai - with roughly 50 percent of colleagues in each of these sites.

Finance India was set up in 2008 and has grown significantly from 2011 to become an efficiency hub, providing re-engineering and process design capabilities. With the full range of Finance functions in India providing global services, Finance India now provides great career growth opportunities to colleagues both in India and in other global locations.

Finance has an important role in supporting Barclays businesses by providing high-quality planning, reporting and accounting services. The strong control environment in which we operate is at the core of everything we do and this is reflected in the design of our operating model and functional lines. We have the critical role of being responsible for the integrity of the financial records for Barclays

About [Product Control]
Product Control function Primarily responsible for understanding, substantiating and controlling the daily trading balance sheet and income statement for Barclays Investment Bank. Product Control is vital to our independent reporting and control infrastructure and plays a fundamental role in the controlled growth of Barclays Investment Bank.

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

We are an equal opportunity employer and we are opposed to discrimination on any grounds

Overall purpose of role

Run one of the Chennai Product Control function and manage the process performance in line with the agreed global Finance and Product Control Controls framework to ensure the integrity of the balance sheet and P&L of the Global Financing businesses supported by the Chennai team.

Drive a culture of continuous improvement and build and maintain relationships with key local and global internal and external stakeholders.

Key Accountabilities

Develop, articulate and implement the global Finance and Product Control strategy

Act as an essential part of the appropriate local and global Product Control management committees that shape and drive decision-making pertaining to medium and long-term improvements, understand the big-picture and work towards resolution of firm-wide issues across business and geographical boundaries.

Communicate and implement Barclays’ global and local Finance and Product Control strategy

Develop long term goals within own functional area to align with the Finance and Product Control objectives and strategy.

Form an integral part of local Finance and Product Control leadership which helps define and influence long-term strategy

Accountable and lead for the project management, migration and receiving of roles and processes inbound to Chennai from global locations

Ensure excellence in process transition by establishing and monitoring controls, culture, standards and metrics

Monitor and drive plans to achieve successful completion of critical daily and monthly processes per agreed deadlines and to agreed quality and standards

Provide leadership to local and global Product Control teams, including oversight for issue resolution

Create an environment that encourages employee retention, promotes high levels of employee engagement and ensures continuous improvements in employee satisfaction

Embed a culture of regular reviews and performance management aligned to global Finance Product Control standards

Serve as a single point of senior management contact for Barclays senior management and local and global stakeholders as appropriate

Act as a champion for change within Barclays
Set and communicate common business goals and objectives
Leverage and integrate the capabilities of resources across all levels of the firm to accomplish complex objectives

Deliver clear and consistent communication on the Vision and Strategy for the development of the Finance and Product Control practice

Drive through the business strategy and initiatives
Recruit and retain top talent and ensure that the right HR framework is in place to attract staff at all levels

Constantly review and develop organisational structures that best support Finance and Product Control locally and globally

Establish and maintain an effective working relationship with key stakeholders locally and globally; within Finance and Product Control, local and global infrastructure, and the global businesses supported

Work with appropriate local and global functional owners to ensure cohesion between individual, departmental and firm-wide goals

Establish and contribute to appropriate Governance and Relationship forums locally and globally

Manage cross functional relationships
Participate in the local and global Finance and greater Barclays community as required

Decision-making and Problem Solving
Set and meet all service level agreements and embed a culture of constant improvement vs control metric measures

Plan and forecast for business growth while driving value added operational performance, develop new strategies to generate change initiatives and promote efficiency to solve business problems.

Contribute to building new or enhanced process capabilities strategically and operationally; oversee transitions while ensuring operating standards with governance, risk, control and compliance being maintained

Risk and Control Objective [This section is mandatory for all role profiles and must not be deleted]

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards

Person Specification

Qualified accountant
At least 10yrs relevant Investment Banking Finance experience, a large part of which in Product Control
Product Control and Accounting experience for Investment Banking products
Appreciation of Global Capital markets
Ability to work with the trading desk as a “business partner” while maintaining complete independence of the control function
Familiarity with a range of financial products within Investment Banking in terms of market wide conventions, typical trading strategies, and terminologies.

The Benefits: Our customers deserve the best. The same goes for our employees. That's why at Barclays you'll receive a range of benefits that include a competitive salary and all the tools, technology and support you need to succeed.

Our Culture: Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. The values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our employees. Simply put, success is not just about what you achieve, but about how you achieve it.

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

Barclays is an equal opportunity employer and are opposed to discrimination on any grounds.

For more detailed information, please visit our dedicated Diversity and Inclusion site here.

Purpose and Values

Barclays has a single cross-business Purpose for Barclays and five core Values which underpin it.

Our Purpose is helping people achieve their ambitions in the right way. Put simply this is the answer to the question ‘What is Barclays for?’ and it should guide our every action as employees.

We respect and value those we work with, and the contribution that they make.

We act fairly, ethically and openly in all we do.

We put our clients and customers at the centre of what we do.

We use our energy, skills and resources to deliver the best, sustainable results.

We are passionate about leaving things better than we found them.