Corporate Grade: Director
Primary Location: Wilmington, DE
Barclays Overview
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.
We are an equal opportunity employer and we are opposed to discrimination on any grounds.
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.
Working Flexibly
We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.
Structured hybrid role: At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.
About Finance
Finance has an important role in supporting Barclays’ businesses by providing high-quality reporting and accounting services whilst also supporting business planning and strategy. The strong control environment in which we operate is at the core of everything we do and this is reflected in the design of our operating model and functional lines. We have the critical role of being responsible for the integrity of the financial records for Barclays.
Overall purpose of role
The US Consumer Bank (USCB) Partnership Accounting team within Financial Control plays a critical role in ensuring that USCB Partners are compensated appropriately in accordance with contractual revenue/profit share agreements and that the results are accounted for appropriately in Barclays’ financial statements.
Key Accountabilities
• Accountable for the accuracy of the revenue/profit share payments to Barclays’ credit card Partners in accordance with the contractual agreements
• Ensure compliance with US GAAP and IFRS principles for all partner-related activities, including compensation/revenue-share, cardmember benefits, promotional campaigns, rewards liability, etc
• Continuously improve the control environment to address all risks associated with partner payments and the associated accounting
• Provide thought leadership and best practice for process improvement and automation, including the development of a new partner revenue/profit share system
• Ensure that new partner agreements and/or products are seamlessly integrated into current processes or through new capabilities
• Key point of contact for internal and external auditors, SOX, and Controls teams
Stakeholder Management and Leadership
This role involves interaction with leaders in the business (Partnership Managers) and Finance, in addition to ongoing coordination with other Finance functions (CFO Business Partnering, Cost Finance, Technical Accounting).
Decision-making and Problem Solving
This role requires the ability to
• Independently assess risks and design/implement controls to mitigate the risks
• Make sound decisions based on a detailed understanding of end to end processes and data analysis
• Effectively prioritize work to ensure critical deadlines are met
• Self-starter with the ability to define and lead initiatives from scratch or with a limited instruction/details
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:
• Bachelor’s Degree, or equivalent
• Demonstrated progressive experience managing teams in banking/financial institutions
• Strong experience designing process flows, risk assessment, and controls implementation
• Strong leadership, teamwork, interpersonal and communication skills
• Advanced Microsoft Excel skills
Desirable skills/Preferred Qualifications:
• Expert in Co-Brand partner revenue/profit sharing
• Experience with accounting for a credit card business, especially CoBrand Partnerships
• CPA, or equivalent Accounting qualification, with strong understanding of US GAAP and IFRS accounting principles
• Strong understanding of data principles/analysis including experience with critical data elements
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.
