Legal Entity Control Analyst

Barclay Bank - New York, NY (30+ days ago)4.1


About Barclays

Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-term sustainable returns.

Our two clearly defined divisions, Barclays UK and Barclays International, provide diversification by business line, geography and customer, enhancing financial resilience and helping to contribute to the delivery of consistent returns through the business cycle. We have a strong core business with exciting prospects, well positioned to deliver long-term value for our shareholders.

Consistent with the objective of delivering long-term sustainable value for all our stakeholders, we have developed our Shared Growth Ambition – our approach to citizenship and the sustainability of the business model we operate. The aim is to make decisions and do business that provides our clients and customers, and the communities which we serve, with access to a prosperous future.

The delivery of our strategy is underpinned by the energy, commitment and passion of our people, and we are clear on our common purpose: to help people achieve their ambitions, in the right way.

About Barclays in the US

Barclays offers corporate and investment banking and credit card services in the US. Our 10,000 US colleagues are located in offices across the country, with headquarters in New York City. In 2017, Barclays announced plans to create a world-class campus in Whippany, New Jersey, for our Technology, Operations and Functional teams in the US. Other principal locations include Delaware, Nevada, Ohio and Maine.

About Finance

Barclay’s Finance Department is organized into the following five functions:

  • Financial Control
  • Product Control
  • Tax
  • Financial Decision Support (FDS)
  • Chief Operating Office

The primary function of Financial Control is to ensure that Barclays fulfills its external financial reporting requirements, including statutory accounts, capital adequacy reporting, large exposures reporting and statistical reporting:

  • Monthly, quarterly and annual management and statutory reporting that is USGAAP and IFRS compliant.
  • Regulatory filings to the Federal Reserve, the PRA, the Bank of England and other regulatory bodies, ensuring the appropriate control framework is in place.
  • Setting and monitoring of compliance with accounting, regulatory and balance sheet control policy.
  • Technical accounting and regulatory policy advice within Barclays and reviewing accounting issues with its clients.
  • Control of all non-trade related balance sheet accounts.
  • The primary interface with our auditors and regulators.

EEO

It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, 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.

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

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Overall purpose of role

The primary function of the Legal Entity Control group is to ensure the integrity of the Financial Statements of the various entities. This includes management of the monthly close of the general ledger and to ensure that all procedures/processes have been completed for timely and accurate reporting of the financial statements locally and to head office. Liaise with Product Control, Regulatory Reporting, and various infrastructure groups to discuss substantive issues that affect Financial Statement reporting.

Key Accountabilities

  • Responsible for the month end close across the various sub ledgers within Barclays Capital Inc. (BCI), our registered broker-dealer - ensuring reporting is in compliance with both IFRS and US GAAP.
  • Responsible for the month-end balance sheet account reconciliation. Identification, escalation and resolution of issues associated with substantiation.
  • Prepare financial statements under US GAAP & IFRS; perform analytical reviews including variance analysis.
  • Prepare quarter end and year end reporting schedules for the Financial Reporting group and Regulatory Reporting group. Work proactively in non quarter end periods to address problem areas from prior reporting periods.
  • Aid in the completion of key control deliverables for Finance.

Stakeholder Management and Leadership

  • Liaise with Product Control Group, Operations, Regulatory Reporting on a daily / month end basis.
  • Liaise with auditors during their examinations to supply relevant information and to address questions.

Decision-making and Problem Solving

  • Proactively identify opportunities for efficiencies and control improvements within month end close and to work with manager and relevant teams to implement solutions.
  • Complete special projects and other duties as assigned.

Risk and Control Objective

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.

Person Specification

Essential Skills/Basic Qualifications:

  • BA/BS Accounting / Finance
  • 1+ years of relevant work experience

Desirable skills/Preferred Qualifications:

  • Public accounting audit experience
  • CPA
  • Financial product knowledge
  • SAP
  • Hyperion
  • Excel & PowerPoint
  • MS Access
  • Working knowledge of relevant accounting standards under both US GAAP & IFRS
  • Experience preparing monthly, quarterly and yearend financial reporting, including disclosure requirements
  • Team player
  • Good communication and presentation skills
  • Detail oriented and analytical - able to work efficiently with spreadsheets and solve problems with minimal guidance

Purpose and Values

Barclays has a single cross-business Purpose for Barclays and five core Values which underpin it.

Our Purpose is helping people achieve their ambitions in the right way. Put simply this is the answer to the question ‘What is Barclays for?’ and it should guide our every action as employees.

Respect

We respect and value those we work with, and the contribution that they make.

Integrity

We act fairly, ethically and openly in all we do.

Service

We put our clients and customers at the center of what we do.

Excellence

We use our energy, skills and resources to deliver the best, sustainable results.

Stewardship

We are passionate about leaving things better than we found them.

Job Type: Full-time

Job Type: Full-time

Experience:

  • Investment Banking Legal Entity Control: 1 year

Education:

  • Bachelor's

Required work authorization:

  • United States