Risk Assessment Unit Analyst-Financial Crime

Embark on a transformative journey as “Risk Assessment Unit Analyst – Financial Crime” at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences. To support and deliver the strategy for maintaining the Financial Crime risk and control framework for Barclaycard Payments within the first line of defence; embedding a culture of responsibility and accountability to support and enable the accountable risk owners to discharge ownership, responsibility and accountability for the assessment, control, and mitigation of Financial Crime risk.

Key Accountabilities

• The role holder will work closely with the FinCrime Execution Teams execute Financial Crime Risks including; High Risk Customer Reviews: including Enhanced Due Diligence/ Customer Risk Assessments for Special Customer Types and High-Risk Customers (e.g. Charities, Firearm Dealers, High Risk Securities, etc.) including recommendations to business senior management on whether to accept or reject new relationships, or, to maintain or terminate existing relationships.
• Managing alerts and investigations (inc. queries) into the team where red flags have been identified either via automated (e.g. TM) or manual sources. Conducting independent reviews to ascertain if suspicion is formed and what course of action might be required. Escalating to management where applicable and obtaining sign off on recommendations.
• Anti-Money Laundering (AML) Trigger Event Reviews; conducting customer level risks assessments where trigger events occur, including making recommendations to senior business management on whether to maintain or terminate relationships. Trigger events include, but are not limited to, Watch-List Matches, Disclosed Suspicious Activity Reports (SARs), Court Orders (CO’s) and Adverse Media hits.
• Financial Crime Exits; oversee the end-to-end management of exit cases, including approvals, and manage the Barclaycard Payments element of complex cases by working with other Barclays business units and the central Financial Crime Exits Management Team.
• Conducting Quality Control activities over High-Risk KYC/CDD files completed by KYC Operations and peer checks within the RAU.
• Support Sanctions Reviews and Investigations; including the response to True Match alerts and supporting the management of Customer Exceptions and Existing Customer Reviews.
• Work closely with and partner the Business through active engagement with business teams and Financial Crime Teams. Be a subject matter expert on Financial Crime and Policies and Standards and be able to provide clear and understandable guidance to our sales team across Barclaycard Payments.
• Manage and maintain relevant risk, process, and control documentation, including collation of information for attestations and, where required, regulatory submissions.
• Supporting the businesses oversight of the Financial Crime control environment where appropriate, e.g. through the monthly KRI reporting cycles.

To be successful in this role as a “Risk Assessment Unit Analyst – Financial Crime", you should possess the following skillsets:

• Working knowledge of Financial Crime regulatory, compliance, and risk management frameworks (preferably in the Issuing/ Acquiring/ Gateway business)
• Experience in a financial institution in the 1st or 2nd Line of Defence supporting Financial Crime functions
• Strong stakeholder management at Senior Executive Committee level with ability to create and maintain highly engaging relationships, challenging the status quo, and driving strategic, innovative, and competitive solutions.
• Excellent verbal and written communication, presentation, negotiation, and influencing skills.
• Outstanding ability to effectively prioritise changing business needs and drive results with a diverse and inclusive leadership style, which promotes advocacy.

Some other highly valued skills include:

• Recognized Financial Crime/ Anti-Money Laundering qualification or equivalent - e.g., ACAMS, ICA, etc.
• Good working knowledge of Barclaycard Payments businesses, clients, operations, and the sectors in which we operate, including high risk industries.
• Good working knowledge of general IT applications.

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.

This role is based in our Gurgaon office.

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.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• 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 develop technical expertise in work area, acting as an advisor where appropriate.
• 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.