Controls Assurance - AVP
Barclays · Posted Oct 26
Banking, credit card, corporate, investment banking, and wealth management services
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About the role
The Controls Assurance team partners with the Barclays Finance Function to provide independent assurance over control processes and advise on improvements to the efficiency and effectiveness of the bank's internal controls framework. The role covers operational risk and control testing, SOx and COSO-based internal controls over financial reporting, and regulatory and financial reporting controls. As an AVP based in Chennai, you will develop test plans, execute design and operational effectiveness assessments, communicate findings to senior stakeholders, and help build a knowledge centre to upskill colleagues.
What you will do
- Collaboration across the bank to maintain a satisfactory, robust, and efficient control environment through the execution of ad-hoc assessments and testing on the design and operational effectiveness of the internal controls, aligned to control policies and standards.
- Development of detailed test plans and procedures to identify weaknesses in internal controls and other initiatives aligned to the bank's control framework to mitigate any potential risks and issues, prioritised by its severity to disrupt bank operations, potential losses, and reputational impact.
- Communication of key findings and observations to the relevant stakeholders and business units to improve overall control efficiency and provide corrective actions to senior managers.
- Collaboration with other control professionals to resolve complex issues and ensure consistent testing methodologies across the bank.
- Development of a knowledge centre containing detailed documentation of control assessments, testing on design and operational effectiveness of procedures, findings, and the distribution of material on internal controls to train and upskill colleagues within the bank.
- Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
- Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
- Take ownership for managing risk and strengthening controls in relation to the work done.
- Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
- Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
- Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
- Influence or convince stakeholders to achieve outcomes.
Skills used in this role
What the employer is looking for
- Effective written and oral communication skills, with the ability to present credibly to senior stakeholders.
- Working knowledge of operational risk & control processes and practices, including experience in their application across functions with ability to demonstrate a risk management mindset.
- Good understanding of SOx requirements and the COSO framework and its application to internal controls over financial reporting.
- Experience in Product Control/Financial Control/Regulatory reporting and/or Auditing, preferably in Financial Services.
- Experienced in identifying, documenting, and testing controls.
- Formal Accounting qualification (ACCA, CIMA, ACA or equivalent).
- Ability to understand, implement and drive improvements to a risk & control framework
Preferred qualifications
- Strong Excel skills including extensive experience in managing large quantities of data, pivots, formulas, Vlookup.
- Experience with Data Analytics tools and technologies (such as Alteryx, Tableau etc) would be an added advantage.
Benefits and support
- Compensation and benefits are detailed in the job posting
About Barclays
Barclays is a British multinational universal bank that provides consumer, corporate, and investment banking, as well as wealth management services. Tracing its origins back to 1690 in London, the institution operates globally to serve millions of retail and institutional clients. The bank leverages cutting-edge technology and digital platforms to drive operational efficiency across its international network.
- Industry
- Banking
- Company size
- 93000+ employees
- Founded
- 1690
- Location
- London, United Kingdom
- Funding stage
- Public Company
Leadership
Group Chief Executive
Group Finance Director
Group Chief Operating Officer
Recent coverage
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