BBPLC - Business Oversight Compliance - Transaction Banking

The Transaction Banking Business Oversight Compliance Team are responsible for providing second line Compliance Risk oversight of Transaction Banking. This involves the oversight of Compliance Risk relating to the manufacture and distribution strategy for Transaction Banking products for Corporate Banking clients. These products include, liquidity products such as corporate current accounts, payment products and products used for trade and working capital purposes. The team also provides Compliance Risk oversight for digital channels used for the delivery of these products. The successful candidate would join a team of 8 experienced Compliance Risk professionals, providing advice, support and check and challenge to the front-line business on a wide variety of Compliance Risk topics including: product suitability and customer protection, information barriers and other market integrity matters, data privacy and key regulations for the business such as Consumer Duty and Payment Services Regulations. The successful candidate would have demonstrable skills in these areas of compliance riskand providing related advice to business stakeholders, would be skilled at evaluating risk; would have a broad understanding of the risks associated with the design and distribution of Transaction Banking products; sound judgement on when to escalate and report risks; and an ability to advise and support on the design of sound controls for Compliance Risks.

To be successful as a Business Oversight Compliance AVP, you should have experience with

• Ability to evaluate risk and in particular risks associated with: customer protection and market integrity;

• Ability to understand the risks associated with the design and distribution of Transaction Banking products;

• Sound judgement on when to escalate and report risks;

• Ability to advise and support on the design of sound controls for compliance risks

You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills

Purpose of the role

To provide data-led expert oversight and check and challenge on business and compliance matters to evidence that the organisation is operating in a compliance with Barclays legal, regulatory and ethical responsibilities. 

Accountabilities

• 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.

Assistant Vice President Expectations

• 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.