Job Description
Job Title: Trust & Fiduciary Services
Location: Mumbai
About Barclays
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.
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.
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
Hybrid Working
We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We re flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances These requests will be reviewed and agreed for a period of time i.e., will have a start and end date.
Please discuss the detail of the working pattern options for the role with the hiring manager.
Introduction:
The role holder is expected to manage three key areas in the Wealth Advisory Business:
a) Oversight & support to Trust Operations on trust accounting, taxation and audit matters.
b) Support to central finance & tax teams at corporate entity level on billing, audit, and data/information support.
c) Manage risk, compliance & governance aspects for the Trust platform.
The role holder will play a pivotal role in overseeing and monitoring activities undertaken by Trust Operations team, particularly on accounting & taxation matters.
The role holder is expected to focus on ensuring implementation of the right set of procedures and practices benchmarked to the highest level of global standards, maintaining sound risk management; delivering great customer service; ensuring that control measures are effective and relationships are sustained with large and complex clients. The role holder will be focused on building efficiency and effectiveness across the existing operating platform to deliver outstanding customer and colleague centric journeys. The role holder will also play a leading role in ensuring strong governance across the platform and manage outsourced relationships to ensure the right operational service levels are maintained.
The role holder shall contribute to the platform delivery objectives of business by interacting with clients and be able to demonstrate the USP of Barclays Trust & Fiduciary Services proposition in India especially from experience, expertise and efficient client service delivery perspective.
The role holder will represent Barclays as the Senior Trust & Fiduciary Services representative in India, providing overarching leadership and driving strong governance of the India platform.
What will you be doing
Business Support on accounting, taxation, audit and Trust Administration:
Manage the operations team specifically with respect to delivery of actionable on Trust accounting, billing, tax & audit matters ensuring 100% compliance
Responsible and liaise with internal & external stakeholders for various activities pertaining to client engagement and delivery
Support the platform on matters relating to client billing
Manage indirect reports in the Trust operations team helping them identify strengths & development areas in their own skills and behaviors
Providing data/inputs to central finance & tax teams at corporate entity level relating to the business, assist to resolve queries and provide audit support
Providing support to the corporate entity - finance team on billing/invoicing matters
Any other general support activity required from time to time
Risk, compliance & governance:
To exercise control over resources, policy formulation & planning and be accountable for end results.
To have comprehensive understanding of sub functions like Fiduciary Risk, Business Risk, Compliance, Operations, Client on boarding, etc and how their processes and resources interact to achieve the objective of efficient and effective client delivery for Trust business.
To be responsible and liaise with internal & external stakeholders for various activities pertaining to client structures and platform delivery & execution.
To manage relationship with key trust clients and addressing their needs in respect of asset infusion, distributions, etc.
To assist in drafting & implementing Barclays strategy / policy in all areas including risk management (operational, CDD and fiduciary), change, sales and business development pertaining to Trust & Fiduciary Services and linking as appropriate with specialists from the Group in particular in particular ensure team adherence to reputational risk, Financial Crime procedures covering New Client Acceptance/Customer Due Diligence and Money Laundering responsibilities.
Given the technical expertise, review and clear case documentation and ensure fiduciary risk aspects are adequately dealt. This also includes explaining and driving various operations, compliance, technology and other infrastructure teams to deliver on the platform including escalation wherever required to COO office.
To ensure that all governance, risk management, controls reporting and compliance requirements are adhered to.
To have supervisory control on ERF systems and manage exceptions pertaining to Trust business, if any.
To oversee and ensuring that service and delivery standards of outsourced vendors (tax consultants) are up to the desired levels.
To have an oversight on Trust Operations team, helping them to identify strengths and development areas in their own skills and behaviours.
The role holder will demonstrate good analytical skills by reviewing the client requirements, sourcing data from relevant internal and external stake holders to address the said requirements while in parallel ensuring that the platform policies and standard compliances are also adhered to and where required he/she shall reach out to the relevant stakeholders to address the requirement through modification / clarification in the relevant or applicable policies and standards.
The role holder will ensure innovative as well as effective solutions for both platform and client related queries by interacting and collaborating with various internal stake holders and external stake holders e.g. legal firms to interpret problems, carry out research (where required either on his own or through an internal or external stake holder.)
The role holder shall demonstrate a broad and comprehensive understanding of concepts & principles of Indian Trust & Fiduciary services industry by identifying and resolving issues that could have an impact beyond the said scope of services.
What we re looking for:
Qualified Chartered Accountant (minimum requirement)
Through understanding of accounting and taxation particularly on private trusts, employee benefit structures
Compliance, Risk & Control driven approach
Skills that will help you in the role:
The role holder will interact with (A) all internal stakeholders & senior management, Trust & Fiduciary Front Office, Trust Operations team, accounts & tax team, auditors, (B) external stakeholders viz. external auditors, accounting/tax consultants and the clients. The role holder is expected to have good interpersonal skills.
Where will you be working
Mumbai
Location: Mumbai
About Barclays
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.
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.
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
Hybrid Working
We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We re flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances These requests will be reviewed and agreed for a period of time i.e., will have a start and end date.
Please discuss the detail of the working pattern options for the role with the hiring manager.
Introduction:
The role holder is expected to manage three key areas in the Wealth Advisory Business:
a) Oversight & support to Trust Operations on trust accounting, taxation and audit matters.
b) Support to central finance & tax teams at corporate entity level on billing, audit, and data/information support.
c) Manage risk, compliance & governance aspects for the Trust platform.
The role holder will play a pivotal role in overseeing and monitoring activities undertaken by Trust Operations team, particularly on accounting & taxation matters.
The role holder is expected to focus on ensuring implementation of the right set of procedures and practices benchmarked to the highest level of global standards, maintaining sound risk management; delivering great customer service; ensuring that control measures are effective and relationships are sustained with large and complex clients. The role holder will be focused on building efficiency and effectiveness across the existing operating platform to deliver outstanding customer and colleague centric journeys. The role holder will also play a leading role in ensuring strong governance across the platform and manage outsourced relationships to ensure the right operational service levels are maintained.
The role holder shall contribute to the platform delivery objectives of business by interacting with clients and be able to demonstrate the USP of Barclays Trust & Fiduciary Services proposition in India especially from experience, expertise and efficient client service delivery perspective.
The role holder will represent Barclays as the Senior Trust & Fiduciary Services representative in India, providing overarching leadership and driving strong governance of the India platform.
What will you be doing
Business Support on accounting, taxation, audit and Trust Administration:
Manage the operations team specifically with respect to delivery of actionable on Trust accounting, billing, tax & audit matters ensuring 100% compliance
Responsible and liaise with internal & external stakeholders for various activities pertaining to client engagement and delivery
Support the platform on matters relating to client billing
Manage indirect reports in the Trust operations team helping them identify strengths & development areas in their own skills and behaviors
Providing data/inputs to central finance & tax teams at corporate entity level relating to the business, assist to resolve queries and provide audit support
Providing support to the corporate entity - finance team on billing/invoicing matters
Any other general support activity required from time to time
Risk, compliance & governance:
To exercise control over resources, policy formulation & planning and be accountable for end results.
To have comprehensive understanding of sub functions like Fiduciary Risk, Business Risk, Compliance, Operations, Client on boarding, etc and how their processes and resources interact to achieve the objective of efficient and effective client delivery for Trust business.
To be responsible and liaise with internal & external stakeholders for various activities pertaining to client structures and platform delivery & execution.
To manage relationship with key trust clients and addressing their needs in respect of asset infusion, distributions, etc.
To assist in drafting & implementing Barclays strategy / policy in all areas including risk management (operational, CDD and fiduciary), change, sales and business development pertaining to Trust & Fiduciary Services and linking as appropriate with specialists from the Group in particular in particular ensure team adherence to reputational risk, Financial Crime procedures covering New Client Acceptance/Customer Due Diligence and Money Laundering responsibilities.
Given the technical expertise, review and clear case documentation and ensure fiduciary risk aspects are adequately dealt. This also includes explaining and driving various operations, compliance, technology and other infrastructure teams to deliver on the platform including escalation wherever required to COO office.
To ensure that all governance, risk management, controls reporting and compliance requirements are adhered to.
To have supervisory control on ERF systems and manage exceptions pertaining to Trust business, if any.
To oversee and ensuring that service and delivery standards of outsourced vendors (tax consultants) are up to the desired levels.
To have an oversight on Trust Operations team, helping them to identify strengths and development areas in their own skills and behaviours.
The role holder will demonstrate good analytical skills by reviewing the client requirements, sourcing data from relevant internal and external stake holders to address the said requirements while in parallel ensuring that the platform policies and standard compliances are also adhered to and where required he/she shall reach out to the relevant stakeholders to address the requirement through modification / clarification in the relevant or applicable policies and standards.
The role holder will ensure innovative as well as effective solutions for both platform and client related queries by interacting and collaborating with various internal stake holders and external stake holders e.g. legal firms to interpret problems, carry out research (where required either on his own or through an internal or external stake holder.)
The role holder shall demonstrate a broad and comprehensive understanding of concepts & principles of Indian Trust & Fiduciary services industry by identifying and resolving issues that could have an impact beyond the said scope of services.
What we re looking for:
Qualified Chartered Accountant (minimum requirement)
Through understanding of accounting and taxation particularly on private trusts, employee benefit structures
Compliance, Risk & Control driven approach
Skills that will help you in the role:
The role holder will interact with (A) all internal stakeholders & senior management, Trust & Fiduciary Front Office, Trust Operations team, accounts & tax team, auditors, (B) external stakeholders viz. external auditors, accounting/tax consultants and the clients. The role holder is expected to have good interpersonal skills.
Where will you be working
Mumbai
💡 Quick Summary
Seeking a career-building opportunity? The Trust Fiduciary Services position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
