Barclays

US Basel IV Regulatory Capital Reporting AVP

Job posted: Aug 14, 2024
Whippany, New Jersey, United States
  • Salary average
    -
  • Type of employment
    Permanent, Full-time
  • Remote
    No

Company

Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities.

Responsibilities

  • Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda
  • Influence or convince stakeholders to achieve outcomes
  • Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises
  • Take ownership for managing risk and strengthening controls in relation to the work done
  • To solve problems creatively and effectively
  • Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy
  • Support in identification, assessment, and mitigation of financial risks, and report on these financial risks to senior colleagues
  • To manage the financial operations of the organisation, ensuring the accuracy, integrity, and reliability of financial reporting
  • Management of the selection, implementation, and maintenance of financial systems and software applications, including collaboration with IT colleagues to integrate financial systems with other enterprise systems
  • Management of the preparation and presentation of accurate and timely financial statements, and other accounting records in accordance with the relevant accounting standards, rules and regulations
  • Preparation and submission of statutory and regulatory reports to authorities, and provision of support to other departments in their preparation and review of regulatory reports
  • Development and implementation of up-to-date financial policies and procedures to ensure consistent and effective financial practices across the organisation
  • Coordination with external auditors and regulatory authorities in support of audits and examinations

Contract

40 hours per week

Candidate requirements

  • It is important that you ensure you are working on the correct visa at all times
  • Sponsored visas are role and entity specific and any changes must be reviewed
  • To manage the financial operations of the organisation, ensuring the accuracy, integrity, and reliability of financial reporting

Skills used at work

  • Accounting
  • Accounting standards
  • Analysis
  • Business
  • Business strategy
  • Complex analysis
  • Coordination
  • Examinations
  • Financial risk
  • Financial statements
  • Financial systems
  • Management
  • Other
  • Presentation
  • Software
  • Systems

As a Barclays US Basel IV Regulatory Capital Reporting AVP, you will work in the Regulatory Capital Team and will be tasked with the development & on-going calculation and reporting of both point in time and CCAR Projected risk weighted assets (RWAs), capital, leverage, and SCCL Large Exposures for Barclays IHC (Intermediate Holding Company) to internal and external stakeholders. This will be performed in accordance with the Federal Reserve interpretation of the Basel III risk-based capital rules. In addition, the role will have a heavy focus on the development of Basel IV calculations.

You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

This role is located in Whippany, NJ.

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.

Purpose of the role

To manage the financial operations of the organisation, ensuring the accuracy, integrity, and reliability of financial reporting.

Accountabilities

  • Management of the preparation and presentation of accurate and timely financial statements, and other accounting records in accordance with the relevant accounting standards, rules and regulations.
  • Support in identification, assessment, and mitigation of financial risks, and report on these financial risks to senior colleagues.
  • Development and maintenance of a robust system of internal controls to safeguard assets, ensure that there is no fraudulent misreporting, and ensure the accuracy of financial data, including regular assessment of the effectiveness of internal controls addressing any weaknesses or gaps. .
  • Development and implementation of up-to-date financial policies and procedures to ensure consistent and effective financial practices across the organisation.
  • Management of the selection, implementation, and maintenance of financial systems and software applications, including collaboration with IT colleagues to integrate financial systems with other enterprise systems.
  • Preparation and submission of statutory and regulatory reports to authorities, and provision of support to other departments in their preparation and review of regulatory reports.
  • Coordination with external auditors and regulatory authorities in support of audits and examinations.

Assistant Vice President Expectations

  • 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.

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.

Job posted: Aug 14, 2024

Expiration date: Aug 14, 2025