Finance Treasury Specialist

About Product Control

Product Control is a global function with c500 staff based in India, London, Luxembourg, New York, South Africa, and across the Asia Pacific region. Product Control is primarily responsible for understanding, substantiating and controlling the daily trading balance sheet and income statement for Barclays Investment Bank. This includes;
The production of a comprehensive daily trading P&L and balance sheet

The execution of regular independent price verification, ensuring that the appropriate accounting principles are applied

Partnering with the firm’s business areas and other support groups in facilitating new products and initiatives

Developing and reporting management accounting information

If successfully appointed you will be joining a team who will be enhancing process, reporting and controls whilst ensuring the flawless execution of BAU. The team will also balance the delivery of critical projects whilst identifying those that are strategic and those that are tactical.

It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

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.

About Barclays Luxembourg and Legal Entity Control tasks

Barclays Luxembourg was established in 2006 and the business has grown significantly since then. Currently there are circa 60 people working in Luxembourg including colleagues from Markets, Treasury, Compliance, IT, HR, Finance, Middle Office and Trade Capture Utility.

The role will require taking ownership for the following tasks
- Financial business partner to various stakeholders (Regulatory reporting, FO, Tax, etc ) including liaising with Product Controllers to ensure trading information is accurately reflected in the company’s books and records.
- Monthly close activities to ensure timely and accurate compliance with group reporting timelines
- Produce required reporting (regulatory, financial and statutory, Banque Centrale Reporting)
- Ownership of accounting processes required to finalise month end data (e.g. account reconciliation, account ownership and signoff.
- Preparation of monthly management reporting, including P&L and balance sheet reconciliations and substantiation processes for the Equity Financing business being traded out of the entity.
- Implementation and monitoring of key internal product and financial controls to ensure a robust controls environment.
- Being part of any discussions relating to key accounting judgments, change programmes and issues at the legal entity level
- Handling tasks in general accounting and liaising with internal as well as external auditors ensuring audits are handled effectively.
- Preparation of annual accounts (prepared under IFRS and Lux Gaap) and financial information for the company tax returns for the local subsidiaries controlled by the Luxembourg Finance team.
- Ability to understand operational and accounting concepts in fixed income and equity financing products (ex: repos, stock loans, bonds).

Legal entity controls for the local service company:

- books and records maintenance
- processing payments
- booking accruals
- processing invoices
- coordinating ongoing funding requirements
- accurate accounting of the service company
- provide accurate cost MI to the Business
- performing the periodic recharge of operating costs to other Luxembourg subsidiaries in line with Barclays Luxembourg Resource Sharing Agreement
- Ad-hoc projects including on boarding the service company onto standard firm architecture.
- external reporting tasks including VAT submissions and Banque Centrale statistical reporting

Overall purpose of the role
- The entity controller is responsible for the preparation of statutory, regulatory, tax and management reports for the activity undertaken by the Equity Financing business. He or she will ensure integrity of financial information by implementing and monitoring appropriate reporting controls. This is achieved by striving to execute in a consistent and timely manner, and by implementing best practices globally.

Risk and Control Objective
- 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
- Excellent communication skills, both verbal and written required
- Able to manage multiple tasks in fast-paced environment while meeting deadlines required
- Must be flexible and team oriented with strong motivation and work ethic
- Anal