Op Risk SME - Risk, Finance & Treasury

Step into the role of Vice President - Op Risk SME - Risk, Finance & Treasury. At Barclays, we are more than a Bank, we are force of progress. As a part of this role, you will oversee the operational risk elements of Credit, Market and Model Risk managed by operational, functional, functions and business unit areas across the bank. This role focusses on risk identification, evaluation and mitigation for the processes and controls linked to the operational risk aspects of credit risk, market risk and model risk. For Credit Risk this would mean the approval & monitoring and workout (collections & recoveries) processes; for Market Risk it involves the limit structures, data completeness and reporting processes; for Model Risk it is looking at all the processes in the model lifecycle (design, development, validation, implementation and performance monitoring) that need to be done correctly to ensure we are identifying the true underlying model uncertainty.

As a Vice President - Op Risk SME - Risk, Finance & Treasury, you will oversee the operational risk elements of Financial and Model Risk managed by operational, functional, and business unit areas across the bank. Specifically Global Credit, Market and Model Risk coverage within the OR Risk, Finance and Treasury team.

To be successful as a Vice President - Op Risk SME - Risk, Finance & Treasury, you should have:

• Identify and review thematic operational risk exposures for Credit, Market financial and model risk processes.
• Challenge control assessments (RCSA, CERPA), use KRIs to assess the risk in these processes and come up with an Op Risk Opinion on the residual risk position quarterly.
• Working with wider risk oversight teams, and producing an operational risk opinion quarterly. challenge control assessments (RCSA, CERPA), use KRIs to assess the risk in these processes and come up with an Op Risk Opinion on the residual risk position quarterly
• Review and challenge of risk events, risk issues and lessons learned, ensuring risk mitigating actions are being designed and implemented with correct scope and timeliness
• Produce deep dives of specific risks as requested by senior management. Recent examples include Letter of Credit (LC) fronting participant approvals gaps, Credit Risk Dispensation Waivers Breaches & Risk Acceptance (DWB & RA) concentration, Model Risk boundary with Operational Risk.
• Look at other risks impacting the Risk organization itself such as Cyber, Technology, Resilience, Supplier and Data Risks.
• Support planning/execution of the Operational Risk Review Annual plan.
• Prepare materials for senior committees and forums, and source relevant information.
• Improve the team’s ongoing processes and organizing procedures to ensure optimal efficiency and productivity.
• As required, support and provide input into Risk wide and Operational Risk projects and initiatives.

Some of Highly Valued Skills may include:

• A minimum of 9 years of proven experience and expertise in at least one of the three principal risks out of Credit, Model and Market Risks (must have) and some understanding of the other two principal risks OR oversight responsibilities of these activities
• Proven experience and exposure across multiple risk functions, preferably including operational risk or in an internal controls function within financial services.
• Strong analytical skills, well versed in deconstructing complex matters into core issues and root causes that can be addressed.
• Ideal candidate will be educated to degree level or equivalent or have an appropriate professional qualification.
• Strong data management ability especially MS Excel, and preferably with Barclays approved analytical tools like Python, as well as expertise with PowerPoint, and project management skills.
• Strong communication and diplomacy skills, with the ability to influence others and to tailor communication based on the audience.
• Experienced in process development, execution, and ability to analyze a process’ effectiveness to support business goals.
• Experience of working with and presenting to multiple stakeholders of different levels of seniority.
• Demonstrate flexibility on the job being willing to perform varying duties depending on the shifting needs of the team members and leadership.

You may be assessed on the 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. 

The location of the role is Noida.

Purpose of the role

To provide independent review and challenge of the Operational Risk elements of particular risk categories across the bank. Ensuring they are carried out in accordance with Barclays Operational Risk Framework, Policies, and Standards

Accountabilities

• Risk identification and proactive risk management, identifying interconnected, horizon and emerging risks to assist the business in understanding, managing and mitigating the right risks in line with their business strategy and objectives.
• Analysis of operational risk data to identify trends, patterns, and emerging risks.
• Risk-based analysis of business processes, systems, and controls to assess the likelihood and impact of identified risks.
• Ongoing research and monitoring of internal and external sources to identify potential Operational Risks.
• Oversight, review and challenge of 1st Line activities including - Risk Control Self Assessments (RCSAs), Risk Events, Issues and attendance at key Risk and Control meetings (with associated reporting) ensuring they accurately reflect the business risk position,.
• Stakeholder management, engaging and working effectively with First and Second Line management.
• Risk based 2nd Line input into 1st Line Projects, Initiatives and Strategic decision making.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• 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 be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills 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.