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BBPLC Business Oversight Compliance

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Barclays

1mo ago

  • Job
    Full-time
    Expert Level
  • Legal
    Banking & Finance
  • Pune
    Remote

AI generated summary

  • You need Compliance experience managing stakeholders, financial regulation knowledge, risk management skills, project execution ability, strong communication, and a relevant degree.
  • You will assess compliance risks, investigate market abuse and financial crimes, implement policies, collaborate with teams, advise stakeholders, manage risks, and develop innovative solutions.

Requirements

  • Working in a Compliance role managing senior stakeholders and expectations; and leading, managing and help develop a team;
  • Technical and product-related knowledge applicable to a minimum of one of the four BBPLC business areas
  • In-depth and comprehensive understanding of financial regulation and the regulatory landscape.
  • Risk identification and assessment, mitigation and management and monitoring; and reporting
  • Working in a fast -paced environment, managing a diversified book of work with varying priorities and deadlines;
  • Effective stakeholder management including the application of judgment as to when and where to escalate;
  • Executing projects and change-management initiatives with regulatory impacts to deliver proportionate and pragmatic solutions;
  • Following developing policies, controls and processes to deliver high quality work product to required timelines;
  • Assessing and interpreting complex matters/questions and applying independent judgement and discretion to deliver risk-based solutions
  • Developing and delivering management information and performance metrics to support escalation and awareness of key issues.
  • Subject Matter Expertise either with respect to the operation of a Compliance function or the business activities performed within BBPLC
  • Excellent written and oral communication skills
  • Strong commercial and industry awareness
  • Strong problem solving and decision-making skills are essential
  • Expected to collaborate with a range of stakeholders across the firm, including the business and other control functions
  • Proficiency with Microsoft Office applications
  • Strong team player with ability to quickly build effective working relationships
  • Bachelor's or Master's degree.

Responsibilities

  • Identification and assessment of compliance risks through thorough reviews of business activities, changes, processes, testing and systems to.
  • Identification and investigation of potential market abuse, including but not limited to, Insider Dealing, Unlawful Disclosure, Market Manipulation or Anti-Competitive Conduct.
  • Conduct investigation of compliance risk events or breaches. Oversight and check and challenge of corrective actions and preventative measures to avoid future occurrences.
  • Implementation of compliance policies and procedures in line with regulatory requirements and ensuring that the bank’s internal policies are aligned with international standards, including jurisdictional requirements.
  • Collaboration with 1LOD, other relevant Compliance teams and legal, and relevant risk management functions to facilitate a comprehensive approach to compliance and risk management.
  • Identification, investigation and oversight of potential money laundering, terrorist financing or other financial crime.
  • To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures.
  • If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements.
  • 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 be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions.
  • Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
  • Manage and mitigate risks through assessment, in support of the control and governance agenda.
  • Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
  • Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
  • Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
  • Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
  • Adopt and include the outcomes of extensive research in problem solving processes.
  • Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

FAQs

What is the primary purpose of the BBPLC Business Oversight Compliance role?

The primary purpose of the role is to provide data-led expert oversight and check and challenge on business and compliance matters to ensure that the organization operates in compliance with Barclays' legal, regulatory, and ethical responsibilities.

What qualifications are required for a VP in the BBPLC Business Oversight Compliance team?

A Bachelor's or Master's degree is required, along with experience in a Compliance role managing senior stakeholders, understanding financial regulation, and the ability to work in a fast-paced environment.

What are some key skills valued for this position?

Key skills include subject matter expertise in compliance functions, excellent communication skills, strong commercial awareness, and effective problem-solving and decision-making abilities.

What type of risks will I be responsible for identifying and assessing in this role?

You will be responsible for identifying and assessing compliance risks through reviews of business activities, potential market abuse, money laundering, terrorist financing, and other financial crimes.

Are there any expectations for team management in this position?

Yes, if managing a team, responsibilities include defining jobs and responsibilities, planning for future needs, counseling employees on performance, and contributing to pay decisions, while also leading specialists to align with both strategic and tactical priorities.

What kind of collaboration is expected in this role?

Collaboration with the first line of defense (1LOD), other compliance teams, legal, and risk management functions is essential to facilitate a comprehensive approach to compliance and risk management.

What does the BBPLC Business Oversight Compliance team aim to achieve?

The team aims to protect customers, clients, and colleagues, promote trust and integrity in the financial system, and deliver a respected and proactive compliance function.

What location is this role based in?

The location for this role is Pune, India.

How are performance metrics and management information handled in this position?

The role involves developing and delivering management information and performance metrics to support escalation and awareness of key issues.

What is the significance of the Barclays Values in this role?

Colleagues are expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, which serve as a moral compass to guide appropriate conduct within the organization.

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Barclays

Finance
Industry
10,001+
Employees
1690
Founded Year

Mission & Purpose

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. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.