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Cost Analyst

Delhi, National Capital Territory of Delhi

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Cost Analyst

Delhi, National Capital Territory of Delhi

Apply for job

Date live: May. 17, 2024

Business Area: COO & Functions

Area of Expertise: Finance

Reference Code: 90389265

Contract: Permanent

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Job Title : Cost Analyst
Location: Noida

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

Take ownership for managing risk and strengthening controls in relation to the work you do

Working Flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment 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. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.  If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.

Hybrid Working 

Structured hybrid role:    
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home.  We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

Introduction:

•    Support by delivering the end to end financials across a Transaction Cycle /Function by working closely with FBPs, Business Managers and Project Managers supporting the Transaction Cycle /Function
•    Deliver end-to-end Finance reporting that enables management to proactively shape strategy
•    Support full set of forward looking Financial projections (MTP), Outlook, Transfers, scenario analytics & Change the Bank (CTB) portfolio analytics
•    Management of Profit Centres hierarchy and submission of Billing rules
•    Close monitoring of monthly financials at various levels and variance analysis with drafting commentaries for reviews with Senior FBPs and stakeholders 
•    Supporting cost allocation understanding and risks & opportunities management
•    High quality, consistent and standardised offering with complete ownership of the “numbers”

What will you be doing?

•    Finance Reporting & Planning
Delivery of the end to end financials across a Transaction Cycle/Function:
o    Providing the analysis to support business decisions and financial strategy for the Transaction Cycle/Function, ensuring delivery is to plan and budget, supporting the bank’s overall business strategy and cost base objectives
o    Work with FBPs, BMs, PMs and Business to deliver the monthly financials.
o    Working directly with the Cost Ledger CoE & Project CoE to understand the GL postings each month and to ensure the month end is done in a timely manner. 
o    Work with the Centres of Excellence to ensure full alignment to BX operating model
o    Provide the analysis and support the drafting of insights & commentary of current & Outlook financials (including Capacity Creation) with clear linkages to drivers (Inc. weekly, Finance surgeries & QBR)
o    Provide extensive support in managing the Monthly and Quarterly Business reviews including MI preparation and walkthrough
o    Provide analysis and insights including WF, Cost, fully loaded services costs and managed
o    Prepare any reporting requirements
o    Support the creation of the annual plan and be responsible for making updates during the regular RAF cycles including:
    Support in updating the central planning tool during the annual plan and updates to RAF
    Support in modelling of forward looking scenarios / deep dives including HLS, MTP, STP, RAF, Outlook and adhoc exercises as required (By Transaction Cycle/Function)
o    Provide information and reports to allow the business to be challenged as required where forecasts are not met
o    Have oversight of and ensure adherence / alignment to all global / local regulatory and statutory requirements
o    Ensure best in class, efficient and robust controls are adhered to at all times
•    Strategy, Insights & Leadership Support

o    Provide support to Senior FBP ensuring adherence of day to day agenda, strategic and Adhoc assignments for Transaction Cycle AEs and their Leadership Teams (Transaction Cycle delegate where appropriate) providing insights & recommendations across the financials
o    Provide reports and data to Senior FBP to support monthly updates to AEs across the group
o    Work with BMs and PMs to ensure delivery of Transaction Cycle/Function Strategy 
o    Adhoc activity to support cost related Executive level requests
o    Support in COO Business Projects e.g. COE, Cost saving initiatives etc. 
o    Support the Senior FBP by preparing reports on Risks & Opportunities & link with experts (sourcing, vendor etc.)
o    Support analysis and metrics driving the cost allocations from BX to trading entities to allow the business to understand their costs
o    Support the update to allocations through methodology changes and provide the analysis to quantify the financial impact 
•    Governance & Control
Ensure alignment of activity that ensures the Transaction Cycle or Function are compliant and aligned to the group wide governance and control framework, including:
o    Support delivery around the requirements for external Governance Forums (Council, COO ExCo, Group ExCo, Board etc.) and maintenance of all SMR documentation 
o    Support the validation and pre-approval of Vendor Spend Business cases & contract reviews
o    Support the Senior FBP to ensure Finance related Internal audit queries and audit interim reporting are all addressed
o    Provide support activities to allow programme Interlocks (Location, Capacity creation, Workforce & Budget Transfers)

What we’re looking for:

•    Willingness and ability to take ownership of issues and manage through to a successful resolution 
•    Strong interpersonal skills and excellent communicator
•    Proven ability to maintain energy and resilience within an organisation throughout a period of change and/or against significant challenges

Skills that will help you in the role:

•    CA / MBA or equivalent qualification
•    Good understanding of financials especially cost and drivers
•    Advance Excel & PowerPoint skills
•    Experience of writing VBA Macro in MS Excel, is preferred
•    Attention to detail and strong organisational skills a must
•    Ability to balance multiple critical requests from various stakeholders with outstanding precision
•    BP&A background and experience
•    Prior experience in managing senior stakeholders independently
•    Strong Communication skills across a variety of forums and mediums.  Proven ability to distil information into key messages and deliver succinctly according to audience
•    Ability to support in developing business strategy, communicate in clear and confident manner, and act independently to implement, sometimes using creativity in approach
•    Awareness of simplification and automation tools like Tableo, Altryx, Python etc. will be a plus
•    Experience in operating in a multi-geographic, matrix organisation a plus, with proven ability to balance commercial, client, and regulatory needs across businesses and geographies

Where will you be working?
Noida


Be More at Barclays
At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Empower 
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.

More about working at Barclays

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.

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment 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. Whether you have family commitments or you’re a Carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility then please discuss this with the hiring manager.

More content

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.

Learn more

Purpose

Working together for a better financial future.

Values

We believe great talent RISES. It acts with Respect, Integrity, Service, Excellence and Stewardship.

Mindset

We discover our full potential through our desire to Empower, Challenge and Drive each other.

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