AVP - Finance

Barclays; Mumbai City; On-site; INR 2,400,000 - 5,400,000; Full time

Benefits offered by this job

Barclays Values & Mindset

Job summary

Barclays in Mumbai is seeking an AVP Finance to lead RBI regulatory reporting, ensure financial control standards, and manage a team through audits and regulator interactions.

This role requires strong RBI knowledge, Basel III comprehension, and expertise in NBFC accounting standards. You will drive automation initiatives and coordinate with auditors, regulators, and cross-functional teams.

Qualifications

• Qualified Chartered Accountant with post-qualification experience with leading NBFCs.
• Good understanding of RBI regulations around Basel III, Capital Adequacy norms, ALM norms and Treasury returns.
• Experience in Non-Banking Finance Companies is a must.
• Well versed with India GAAP, IFRS and IndAS accounting standards.
• Understanding of internal financial control requirements.
• Experience in managing financial audits and regulatory inspections.
• Strong ownership and problem-solving mindset.
• Promote and develop team with right cultural mindset.
• Ability to drive automation initiatives.
• Complete understanding of RBI guidelines for NBFCs.

Responsibilities

• Manage preparation and presentation of accurate and timely financial statements and other records.
• Support identification, assessment, and mitigation of financial risks and report to senior colleagues.
• Develop and maintain robust internal controls to safeguard assets and data integrity.
• Develop and implement up-to-date financial policies and procedures.
• Oversee selection, implementation, and maintenance of financial systems and software.
• Coordinate and submit statutory and regulatory reports; support other departments.
• Coordinate with external auditors and regulatory authorities during audits.

Skills

Regulatory reporting

Internal controls

RBI guidelines

Financial risk management

Stakeholder management

Team leadership

Automation initiatives

Audits & regulatory inspections

Education

Chartered Accountant

NBFC post-qualification experience

Job description

Job Description

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

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• 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.

Join us as AVP Finance, where you will lead the preparation and review of regulatory reporting submissions to the Reserve Bank of India(RBI) and lead the team. You will ensure adherence to financial control standards, manage a team, and face off with auditors and regulators during inspections and reviews.

To be successful as an AVP Finance :
You will need a strong grasp of RBI guidelines, internal controls, and regulatory processes. This role requires excellent analytical skills, attention to detail, and the ability to manage deliverables while coaching a team.

Basic/Essential Qualification:

• Qualified Chartered Accountant with post-qualification experience with leading NBFCs
• Good understanding of RBI regulations around BASEL III, Capital Adequacy norms, ALM norm, Treasury returns is a must.
• Experience in Non-Banking Finance Companies is a must
• Well versed with India Gaap, IFRS and IndAS accounting standards
• Understanding of internal financial control requirements
• Experienced in managing financial audits and regulatory inspections
• Strong ownership and problem-solving mindset
• Promote and develop team with right cultural mindset
• Should be able to drive automation initiatives
• Complete understanding of the Reserve Bank of India guidelines for NBFCs

Desirable Skillsets/Good to Have:

• Duly experienced in managing junior team members
• Ability to prioritise multiple regulatory deliverables
• Effective stakeholder management and ability to work in demanding environment
• Strong verbal and written communication skills
  

You may be assessed on key critical skills relevant for success in role such as:

• Accuracy, completeness, and timeliness of RBI deliverables
• Understanding of regulations and control frameworks
• Stakeholder management (e.g., auditors, regulators)
• Team management and performance oversight
• Responsiveness to ad-hoc queries and inspections

Job location is Mumbai.