Assistant Vice President Controls , Impairments

About Impairment FTC,

The Impairment Finance Transaction Cycle is a new team as of Feb 19 and brings together approximately 60 colleagues from across Finance and Risk to specialise in credit risk impairment analytics and reporting. 

The demands on managing credit risk continues to grow, IFRS9 has raised the level of complexity in the industry, regulators and external analysts are seeking enhanced disclosures, and our internal stakeholders require faster and deeper insights on a more frequent basis. 

To help us deliver these challenging demands, our strategy is to: 

• Create a global centre of excellence (Impairment FTC) specialising in impairment analytics and forecasting
• Create an agile technological infrastructure capable of delivering same day results consistently; including standardised reporting, off the shelf explain reports with automated controls, validations and exceptions management
• Invest in colleagues’ skills and on-board emerging analytical apps, to enhance and speed up our time to market
• Re-engineer our processes to better integrate with other Finance, Risk and Treasury services to: reduce manual handovers, run processes in parallel and cut bureaucracy.

Overall purpose of role

The purpose of this role is to manage a team responsible for the Governance and Control aspects of the FTC.

As part of this role, the candidate will be required to embed a control functionality by building and leading the development of the output for the team. This is the front end of the Group Impairment FTC team where the output is most visible and therefore a transparent, detailed and well-understood approach to Governance and Control is essential. The team lead will be responsible for the tasks below with further allocation developing as the management team is expanded:

• Build a Governance & Control framework across both Barclays UK and Barclays International and monitor status of the control environment
• Manage Governance & Control deliverables including Sox signoff and management of Group CCO and KPMG relationships
• Ensure appropriate governance and controls are in place for all key processes.
• Manage and direct team Governance and Control analysts
• Ensure team produce outputs on a regular and timely basis as agreed with stakeholders.
• Identify opportunities to automate activities to improve efficiency and accuracy.
• Regular interaction with stakeholders across multiple teams and levels in the organisation
• Train and develop talent in the organization across technical, business and leadership.
• Interact with key stakeholders in Risk, CCO, Finance and Treasury to ensure the results produced by the team are well understood.

Key Accountabilities

• Produce regular output demonstrating the functioning of the control environment
• Maintain knowledge of current impairment policies and processes
• Build and maintain appropriate governance and controls processes
• Manage analysts in order to deliver team objectives ensuring output quality is in line with expected standards, presentation and content reviewed with senior managers

Stakeholder Management and Leadership

The main stakeholders for this position are:

• Impairment finance partners
• Risk
• Data Management
• Quantitative Analytics
• Technology
• Product teams
• Product Finance
• Treasury
• Chief Controls Office

It is expected that the candidate will be involved with communication flow from the area out to the Stakeholder teams, ensuring messages and results of analyses are understood and shared in a timely manner. Among the success factors, the candidate will demonstrate ability to

• Take an active role in team discussions and seek to contribute to all team discussions.
• Listen to colleagues, internal clients and/or stakeholders and ensure work produced is / actions taken are in accordance with instructions received.
• Keep colleagues, clients and/or relevant third parties regularly updated as to progress on particular tasks.

At AVP level, the candidate will demonstrate clear skills in managing priorities in an efficient manner, ensuring guidance to analysis is provided clearly and concisely.

Decision-making and Problem Solving

The candidate is expected to deliver results across several domains. She/he will focus on some of the following responsibilities, where specific skills and decision making abilities are needed.

• Run the Impairment reporting governance and control process across portfolios: producing accurate and transparent reports to support senior management decision making.
• Support these exercises with a structured data flow process, following key steps:

• reconciliation analysis
• adherence to a clearly documented methodology, including list of assumptions, inputs, drivers and management adjustments/overlays
• output production, including presentation to management following robust material structure and lay-out standards
• correction and fine-tuning results on the basis of comprehensive feedback received by stakeholders

Risk and Control Objective

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

Person Specification

Essential Skills/Basic Qualifications:

• Data management/analysis skills, with experience in usage of widely known commercially available data processing software
• Team working and stakeholder management across all levels
• Clear and concise communication to present results of analyses up to level of D in the organization
• Graduate / Post Graduate.

Desirable skills/Preferred Qualifications:

Competencies

• Credit risk management
• Impairment provisioning standards (IFRS9)
• Knowledge of financial services industry and market
• Banking products knowledge and collections/recoveries process

At AVP level, the candidate will be required to demonstrate strong organisational and analysis skills through examples of analyses carried out under her/his guidance.

              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.