Assistant Vice President - Compliance - Barclays Bank

Join us as Assistant Vice President - Compliance - Barclays Bank, where you will provide independent second-line oversight of Compliance and Reputation risks arising from the Corporate Banking business in India. You will partner with local, regional and global Compliance teams to proactively identify, assess, challenge and mitigate risks, provide clear risk-based advice and guardrails for business and product initiatives, and support sustainable growth within risk appetite.

To be successful in this role, you should:

• Develop a strong understanding of Corporate Banking strategy, products, client segments, processes, risks, controls and the relevant regulatory environment.
• Provide risk-based advice and independent check and challenge on business activities, complex transactions, client matters and regulatory requirements.
• Proactively identify Compliance and Reputation risks arising from strategic, product, technology and operating-model changes, and establish appropriate risk guardrails.
• Assess and challenge first-line risk assessments, control design, remediation plans and management responses, escalating material risks where required.
• Lead or support new product governance, regulatory change, risk monitoring, testing, thematic reviews and targeted deep dives.
• Use regulatory developments, incidents, breaches, complaints, risk assessments and management information to identify emerging risks and drive preventive action.
• Support regulatory examinations, audits, information requests and regulatory engagements, ensuring responses are accurate, timely and appropriately evidenced.
• Represent Compliance at relevant business, product, risk and control forums, providing a forward-looking view of key risks and required actions.
• Track issues, regulatory commitments and remediation actions through to sustainable closure, challenging delays or inadequate evidence.
• Demonstrate strong judgement, professional courage and the ability to challenge constructively and escalate decisively.

Essential Skills/Basic Qualifications:

• Substantial experience in a business-facing Compliance, Risk or regulatory advisory role within a bank or regulated financial institution.
• Strong knowledge of the Indian regulatory environment, including Reserve Bank of India requirements and expectations.
• Good understanding of Corporate Banking products and services, including lending, trade and working capital, cash management, transaction banking and foreign exchange.
• Experience in assessing complex proposals and transactions and providing practical, risk-based recommendations.
• Experience in regulatory change, new product governance, monitoring/testing, issue management, regulatory engagement, audits or inspections.
• Strong analytical, stakeholder management, communication, organisation and execution skills.

Desirable Skills/Preferred Qualifications:

• Postgraduate degree or relevant professional qualification in Law, Compliance, Finance, Accounting or Risk Management.
• Experience within a global or international banking environment.
• Knowledge of Securities and Exchange Board of India requirements, where applicable.
• Experience in regulatory examinations, supervisory engagements or industry consultations.
• Experience in developing management information and conducting data-led thematic reviews or deep dives.

You may be assessed on the key critical skills relevant for success in role, such as:

• Compliance and regulatory risk management
• Corporate Banking product and regulatory knowledge
• Risk assessment and independent check and challenge
• Regulatory change and new product governance
• Risk monitoring and testing
• Data analysis and management information
• Stakeholder management and communication
• Decision-making, judgement and escalation
• Issue and remediation management
• Execution and attention to detail

Job Location is Mumbai.

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

• 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.