BI- Compliance Analyst Graduate Programme 2025 Mumbai

About Compliance

The purpose of Compliance is to build confidence for today and tomorrow. Compliance participates in the prevention, detection and management of breaches of applicable laws, rules, regulations and procedures. Compliance has a key role in helping the firm to achieve the right outcomes and maintain a conduct-focused culture. In order to achieve this Compliance is focused on: delivering expert advice to protect the integrity of the financial system; challenging & collaborating with the business; and innovating our ways of working and thinking to deliver an effective risk management service to Barclays.

About Business Oversight Compliance-BBPLC, India branch

The India Bank Branch BOC team provides Compliance advisory and oversight to all activities carried out of the Bank branch including the Operations, Technology and Infrastructure teams. The primary responsibilities include providing advisory support, check and challenge on requirements and policies and working closely with business stakeholders to provide direction and interpretation of regulatory requirements on an ongoing basis. The team provides support to the business on all new and amended product approvals and helps the business in embedding necessary controls and governance around the various products. The team also liaises with the regulators and maintains a constructive engagement with them as part of policy discussions and inspections.

The team also provides support to the global and regional teams to ensure co-ordination of activities and adherence to the Group policies and standards and works in alignment with the Global Target Operating Model.

Overall purpose of role

This role is part of the compliance function in the BBPLC India branch. The primary responsibility will includeproviding support for Country Compliance and proactive management of RBI’s expectations  under the Risk Based Supervision Framework activities. The role is also expected to  provide advisory support, check and challenge on requirements and internal policies, conducting compliance reviews in line with the regulatory/ internal policy requirements and working closely with business stakeholders to provide direction and interpretation of regulatory requirements on an ongoing basis.

Key Accountabilities

Compliance with Risk Based Supervision (RBS) obligations:

• Timely submission of RBS Tranche reports
• Provide oversight and check and challenge on data submitted by the Bank under RBS framework
• Plan, design and execute testing of data points of RBS Tranche III as expected of Compliance function
• Agree findings of such reviews with relevant stakeholders and issue reports
• Track closure of  issues highlighted during such reviews
• Efficiently manage data requests from SSM office and handle queries
• Co-ordinate the dissemination of the draft and final inspection reports with various stakeholders
• Seek periodic update on progress made on issues highlighted in the final report
• Manage implementation of new regulatory initiatives pertaining to compliance and communicate    regulatory requirements to the all stakeholders
• Managing and monitoring of dissemination of regulatory guidelines / circulars to stakeholders
• Perform conformance testing to ensure embedment of regulatory guidelines
• Ensure orderly management of circular tracker and escalate circulars which have not been complied with
• Ensuring adequate liaison ad collaboration with regional stakeholders on group requirements for Examination

• Compliance Risk Reviews:

• Plan and execute Compliance Risk reviews / Verification Checks on a periodic basis
• Issue reports basis the reviews performed and agree remediation steps with Stakeholders
• Monitor actionables and provide periodic updates on open issues to Governance Forums
• Perform second line of defence testing on conduct risk controls as embedded by the first line of defence

Stakeholder Management and Leadership

The role requires negotiation and communication skills for interaction with:

• senior leadership with regards to embedment of obligations cast on Bank under Risk Based Supervision,Regulators (and SROs) with regards to regulatory obligations

Decision-making and Problem Solving

Problem solving ability by ensuring in depth analysis of the regulatory framework to: 

• check and challenge through Compliance Risk Reviews/ Verification Checks to ensure sustained compliance with regulations,
• Ensure issues are identified during testing/ reviews are fully investigated. The incumbent will check and challenge business processes and controls.

Purpose of the role

To gain experience of risk management skills, knowledge, and capabilities to deliver a broad range of compliance services to businesses and functions.

Accountabilities

• Guiding the business’ adherence to the Compliance risk management framework.
• Advisory services to colleagues about regulation related to specific products and services.
• Utilisation of data and analytics to proactively monitor and influence the business Compliance risk landscape.
• Development of Compliance risk insight and understanding, including Laws, Rules and Regulations, Financial Crime and Conduct.
• Training of business stakeholders.

Analyst Expectations

• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

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.