Financial Crime Policy Specialist AVP

The Financial Crime Policy & Standards team within the broader Financial Crime Risk, Control and Transformation Oversight function is responsible for writing and updating the Bank's financial crime policies and standards. The individual will work closely with Business Oversight Compliance colleagues and colleagues across AML, Sanctions, ABC and ATEF to ensure that the Policies and Standards remain fit for purpose and address changing regulatory expectations. You will be an experienced financial crime professional with deep knowledge of financial crime regulations and industry requirements, preferably with experience operating across multiple regulatory regimes such as UK, EU, US. You will be able to provide and draft practical guidance to support businesses in implementing control requirements in a risk based manner. 

To be successful as a Financial Crime Policy Specialist AVP, you should have:

• Strong understanding of financial crime regulations and industry guidelines;

• Experience in drafting financial crime Policies and Standards;

• Experience in defining practical control requirements and risk based guidance to support business implementation.

Some other highly valued skills may include:

• Interest in regulatory and industry development relating to Financial Crime, UK and globally;

• Experience in overseeing Businesses management of financial crime risk or in a business risk management role;

• Experience in financial crime related advocacy. 

• Operated in a complex environment, large organisations operating across multiple jurisdictions. 

You may be assessed on key critical skills relevant for success in the 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 develop, implement and maintain Risk policies and standards across various business lines and risk types, working collaboratively with Senior Management across the organisation to develop and execute risk management practices that support the achievement of the Bank's strategic objectives.

Accountabilities

• Development of policies, standards and guidance, soliciting feedback from stakeholders across the Bank to deliver an approach that meets regulatory requirements, maintains the integrity of the Framework design and is practical and achievable for the organisation to implement and operate.
• Management of the Annual Refresh cycle for Frameworks, Policies and Standards, ensuring analysis of emerging risks and regulatory changes are identified, and the needs for new or updated policies are updated within the set timeframe.
• Impact assessments to ensure policies and standards can be implemented in adherence with set timeframes. Investigation and addressing of policy violations or potential issues and ensuring the dispensation, waiver and breaches process in invoked where required.
• Implementation and the execution of the Barclays Control Framework that align to Risk Policies, including engagement with the Chief Controls Office and monitoring adherence across the organisation.
• Management of key stakeholders in response to transformation projects, ad-hoc requests, regular dialogue and training and education.
• Maintenance of Framework components to ensure a clear lineage from Laws, Rules and Regulations through policies, standards and controls. Complete periodic Control Assessments, reviewing the design and operating effectiveness.
• Maintenance of a centralised repository of all risk policies and standards.
• Implementation of control lineage processes, responsible for approving controls mapped to control requirements within polices and standards.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• 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 lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• 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.