Second Line of Defence Controller (Permanent Controller)

As a Second Line of Defence Controller (Permanent Controller), you will play a pivotal role in strengthening and elevating the risk and control environment at Barclays Monaco. You’ll work hands‑on across key risk domains — Compliance, AML, Credit, ALM, Finance, Technology, and Cyber Security — ensuring that controls are robust, effective, and consistently applied.

Partnering closely with the Head of Permanent Control and the Chief Risk Officer (CRO), you will challenge First Line of Defense (1LoD) activities, identify gaps, and drive continuous improvement of the control framework in collaboration with the 1LoD. This is a high‑visibility position with exposure to a wide range of activities and direct access to senior leadership in Monaco.

Some key responsibilities include:

• Leading the execution of the Control Plan and delivering clear, insightful, and timely reporting to the Head of Permanent Control, the CRO, and Senior Management
• Conducting Second Line of Defense (2LoD) reviews of 1LoD controls, escalating weaknesses, and supporting the 1LoD in implementing improvements
• Coordinating key Risk governance forums such as the Risk Committee and the Permanent Control Forum
• Monitoring issues and action plans to ensure strong ownership and timely remediation
• Maintaining and enhancing the Local Risk Mapping
• Contributing to regulatory reporting and responding to auditor requests
• Promoting a strong Risk Culture and actively improving the overall control environment of Barclays Monaco

To succeed in this role, you should:

• Bring significant experience in risk management, internal control, or compliance within financial services — ideally in Private Banking
• Possess strong knowledge across operational, financial, regulatory, AML, and technology/cyber risks
• Understand the regulatory landscape in Monaco
• Be analytical, structured, and confident in constructively challenging processes
• Demonstrate reliability, discretion, and the ability to perform effectively under tight deadlines
• Communicate clearly and build strong relationships at all levels of the organization
• Speak French and English fluently

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.

Location: Monaco

Purpose of the role

To support the Risk Function in delivering it’s objective of safeguarding the bank's financial and operational stability by proactively identifying, assessing, mitigating, and monitoring risks across various business units and activities.

Accountabilities

• Development of strategic direction for risk, including the implementation of up-to-date methodologies and processes.
• Management of the risk department, including oversight of risk colleagues and their performance, implementation of risk priorities and objectives, oversight of department efficiency and effectiveness.
• Relationship management of risk stakeholders, including identifying relevant stakeholders, and maintenance of the quality of external third-party services.
• Adherence to the Risk policy, standards and frameworks, and maintaining a robust control environment.

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.