Controls Assurance Analyst

A British multinational investment bank and financial services company, Barclays PLC’s ancestry traces back to two goldsmith bankers, John Freame and Thomas Gould, who were doing business in Lombard Street, London in 1690. James Barclay, after whom the Bank is named, became a partner in the business in 1736. Barclays is primarily listed on the London Stock Exchange, has a secondary listing on the New York Stock Exchange and is a constituent of the FTSE 100 Index.

Barclays is organized into four core businesses: personal banking, corporate banking, wealth management, and investment management, with Qatar Holdings, an investment vehicle of the State of Qatar, being its largest shareholder. With 328 years of expertise in banking, Barclays currently operates in 40 countries and employs more than 80,000 people around the world.

About Barclays India:

Barclays is one of the largest UK employers in India with the total number of employees being over 23,000 spread across its banking, technology and shared services operations. Barclays established its first branch in India in the year 1990 and has achieved market-leading positions in its chosen lines of business that include corporate banking & investment banking. Barclays has invested over $800 million of capital in its Bank in India, among the largest capital commitments by any foreign bank.

Organization Structure:

Sector-wise Services:

• Investment Banking
  • Corporate Finance
  • Merger & Acquisitions
  • Global Finance
  • Risk Solution Group
• Premier & Personal Banking
  • Accounts & Deposits
  •  Borrow
  • Credit Cards
  •  Mortgage
  • Save and Invest
  • Insure
  • Service and Support
  • Moments
• Corporate Banking
  • Cash Management
  • Trade and Working Capital
  •  Financing
  • Risk Management
• Wealth Management
  • Straightforward banking services, planning services, investment solutions, and financing options

Industries where Barclays is present:

• Consumer Retail
• Industrials
• Financial Sponsors
• Healthcare
• Natural Resources
• Power & Utilities
• Real Estate
• Financial Institutions
• Technology, Media and Telecommunications

Subsidiaries:

Barclays has 50+ subsidiaries, few are mentioned below:

• Barclaycard
• Barclays Investment Bank
• ABSA
• Barclays Bank of Kenya
• Southern Peaks Mining Limited
• Crescent Real Estate Equities Co.
• Firstplus Financial Group PLC
• Sheffield Receivables Company LLC
• Barclays Wealth
• Wessex Investment Limited
• Dali Capital PLC
• Palmhall Limited
• Barclays Bank Delaware

Mergers & Acquisitions:

• First Assurance: Barclays, through its Kenya, Africa subsidiary, acquired First Assurance, thereby gaining a foothold in the insurance market. This 2.9 billion Kenyan Shilling transaction was completed in April 2016.
• Standard Life Bank: Barclays agreed to acquire Standard Life Bank in a deal worth £226 million, in October 2009. On completion of this deal, approximately 270 standard life employees transferred to be as of Barclays.
• Expobank: Russian lender Expobank was acquired by Barclays Plc for $745 million in March 2008. Expobank represented a great opportunity as Barclays seeks to become one of the leading retail and commercial banks in Russia.
• Walbrook Group: An independent fiduciary services company with operations serving high net worth private clients and corporate customers in Jersey, Guernsey, Isle of Man and Hong Kong, Walgroup Limited has a strong product and client offering and geographical footprint that will complement Barclays Wealth. Therefore, it was acquired by Barclays in 2007.

Corporate Social Responsibility:

The CSR vision at Barclays is to help people achieve their ambitions by aligning our community investment strategy to their skills and experience as a bank. The positive impact of their activity is much more than just a financial contribution since the company is committed to playing a broader role in the communities in which it works by way of assisting different initiatives by the ways of funding, fundraising and/or volunteering activities.

• CSR Budget
  • The Company’s Executive Committee in India endeavors that the Company spends at least 2% of the average net profit made during the immediate three preceding financial years.
  • Any surplus arising out of CSR activities is utilized only for CSR purposes.
  • The Company collaborates or pools resources with group companies, other organizations or companies to undertake CSR activities.
• Responsibility of the CSR Team
  • The Team is responsible for the on-ground assessment of the project(s), coordination with the NGOs and stakeholders.
  • The Team is responsible for the timely execution and monitoring of the projects.
  • The Team ensures all background research work and engages with stakeholders either directly or indirectly and prepares a project plan for new CSR projects.  
  • The Team plans annual budgets for CSR projects in coordination with the implementing partners and makes a proposal to the CSR Committee.
  • The Team reports to the CSR Committee and CSR Working Committee the progress on CSR projects and the status of CSR expenditure once in each quarter.
  • The Team is responsible for documentation and reporting of all CSR activities of the Company in pursuit of the Act and the CSR Rules.