Director – Controllership – Stress Testing & Impairment, BUK and Treasury

Chennai, India; Noida, India

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Date live: Sep. 27, 2024

Business Area: Finance

Area of Expertise: Finance

Reference Code: JR-0000012442

Contract: Permanent

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Overall purpose of role

As part of the Data, Controls and Transformation vertical of the Controllership CoE of the FTC, the role has primary oversight for key aspects of Planning, Stress Test execution (Both internal and External) for Balance Sheet, NII, Operational Risk and Treasury Interlock with added focus on Barclays UK as a key reporting entity. This role entails engagement with Senior Stakeholders (ie) AEs, Controller for BUK and members of ALM/FLM and extends to Data, process, controls as well as providing reporting capability for planning & stress testing results
This covers the preparation of internal and regulatory stress aligned deliverables
Owns and drives the implementation, capability development and maintenance of the Group Stress Testing and Oversight

Key Accountabilities

Accountable for delivering a common delivery framework across business units, plus the wider execution of processes and controls for plans and stress tests, monitoring progress, and delivery of the stress testing results including:

Efficient data provisioning, review, challenge & control
Standardised report production
Providing data integrity checks and high level performance commentary
Interaction with supporting data providers to ensure effectively delivery of the delivery framework
Oversight of data and infrastructure management including system and data controls
Monitoring and escalation of delays or execution issues for resolution

Person Specification

A proven team player who is able to work in a dynamic and fast paced team environment.
Proven ability of influencing and motivating others in the delivery of key projects in pressurised circumstances.
Actively support the development of team members in identifying strengths and weaknesses, in providing suggestions for improvements and in maintaining a constructive and open feedback culture.
Support knowledge sharing within the team in conducting coaching and training driving a high performance culture.
Proactively seeking opportunities for continuous development of personal capability and identifying potential sources for new ideas and approaches, leading to an improved performance

Essential Skills/Basic Qualifications:

Experience of planning & stress testing exercises, knowledge of regulatory requirements i.e. BoE Stress Testing, ICAAP requirements at another major firm
Knowledge of key components of Capital Stress testing i.e. Credit Risk, Market Risk, Operational Risk, Income forecasting, Capital Requirements etc.
Highly developed problem solving skills. Demonstration of proposing innovative solutions to problem statements or facilitating SME judgements to arrive at appropriate conclusions
Ability to understand and analyse complex problems and execute a plan to deliver effective tactical and strategic solutions.

Purpose of the role

To develop and implement the bank's financial plans and stress testing methodologies by assessing the bank's resilience under various economic scenarios.

Accountabilities

Development and implementation of stress testing methodologies and analysis of the results to identify potential vulnerabilities, assess capital adequacy, and inform risk mitigation strategies.
Management of the bank's financial risks, including development and implementation of risk management strategies and communication of financial risks to relevant stakeholders.
Analysis of the bank's capital position and assessment of its ability to meet regulatory capital requirements, development of capital management strategies to optimise capital utilisation and evaluation of the impact of capital allocation decisions on the bank's risk profile and financial performance.
Orchestration of process cycles for the Planning and Stress Testing FTC and project managing delivery of the Planning Process and stress tests).
Documentation of requirements prescribed by the Regulator, Process/Data Owner Tracking and reporting cycle progress via P&ST Steer Co, POC, Working Groups and the workflow tool.  .
Management of data, dataflows and data quality from contributors - input through to report submission.    .
Management of BAU systems to enable a quick outcome and iterative generation of Capital or Funding plans and separately drive process reengineering initiatives.    .
Ownership of the control's environment, standards, conformance, partnering with BIA to ensure the FTC meets its controls and governance objectives.   .
Provision of ongoing governance support including but not limited to Regulatory liaison, Group & BBUK Board engagement, Group Attestation & KPMG engagement.

Director Expectations

Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
Escalates breaches of policies / procedure appropriately.
Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
Negotiate with and influence stakeholders at a senior level both internally and externally.
Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
Mandated as a spokesperson for the function and business division.

All Senior Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

More about working at Barclays

Barclays has been in Asia Pacific for over 50 years, supporting corporations and financial institutions across the Asia Pacific region and connecting them to the capital markets of UK, Europe and the Americas. For more information click here.

Our approach to hybrid working ensures there’s the right balance of working alongside colleagues at our onsite locations, as required for each role. For business areas that offer a hybrid working experience, this will be in a structured way, where colleagues work at an onsite location on fixed, ‘anchor’, days of the week. Some roles may require full onsite working. Please discuss the working pattern requirements for the role you are applying for with the hiring manager.

We continue to embed and review our hybrid working environment and remain in a phase of testing and learning. This means that working arrangements could change, with reasonable notice, to align with the needs of our business.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re committed to providing an inclusive culture and environment, that recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees globally to work flexibly empowers each of us to work in a way that suits our lives, as well as enabling us to better service our customers’ and clients’ needs.

Our approach to working flexibly is designed to support you to balance your life and to accommodate diverse needs, whilst still allowing us to meet our business needs. If you’d like to request a flexible working arrangement, please discuss this with your hiring manager.

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.
We are an equal opportunity employer and opposed to discrimination on any grounds. 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.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

The Barclays Way

This is the spirit of Barclays. It’s why we exist, what we believe and how we behave. But most importantly, it’s how we make decisions, take action and get things done.

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