Senior Financial Crime Advisory Manager

Embark on a transformative journey as a “Senior Financial Crime Advisory Manager” 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.

About Financial Crime in 1st Line of Defence

The 1LOD UKC Financial Crime Team helps drive the financial crime agenda for the UKC business divisions, namely; team works with the businesses in every global jurisdiction that Barclays operates and is responsible for progressing the financial crime goals and objectives of the bank within those businesses, working to mitigate the risk that products and services are abused for the purposes of money laundering, terrorist financing, or other financial crime.

The team’s mission is to execute on the policies and standards dictated by the Second Line Financial Crime Compliance team. This involves managing the financial crime agenda, the onboarding, review and exit of higher risk clients (including detailed and subjective decision making and investigations), the assessment of financial crime related risks as they manifest across the estate and extensive oversight and assurance that peripheral financial crime related controls (such as screening or transaction monitoring) are operating as intended. The team also oversees financial crime related training for all front-line staff and manages financial crime related communications for UKC.

UKC-FC team also drives continuous process improvement in the execution of financial crime risk control activities, which includes ensuring that relevant KRIs are met and working closely with colleagues in Financial Crime Compliance and in Barclays Execution Services (BX) to manage the whole lifecycle of the customer’s interaction with the bank.

 Key Responsibilities

·Complete Transaction Monitoring Risk Assessments for the UKC business (including Barclaycard Payments) .

·Identify enhancements to UKC transaction monitoring risk coverage and TM model efficiencies, developing appropriate monitoring solutions (in conjunction with key stakeholders) and overseeing the successful delivery of identified solutions. • Identify, escalate and manage emerging transaction monitoring risks and issues in line with Barclays Issue Management Standards.

·Support strategic business growth by identifying and assessing the impact of new/amended products and services on the UKC business risk profile and determining if transaction monitoring enhancements are required.

·Assess the impact of policy, regulatory changes and strategic initiatives on transaction monitoring requirements.

·Enable an effective working relationship between the Product/Coverage, TM Model Owners, TM Operations and second line of defence in Financial Crime Compliance on matters relevant to transaction monitoring.

·Review and challenge the transaction monitoring control environment (including those undertaken by shared services or outsourced service providers).

·Ensure that all advice, activities and duties executed by UKC-FC are consistent and compliant with regulatory requirements, Barclays Enterprise Risk Management Framework and internal Barclays Policies and Standards.

To be successful in this role as a “Senior Financial Crime Advisory Manager", you should possess the following skillsets:

•Advanced degree level education and/or strong academic track record.

•Deep understanding and prior experience of managing Transaction Monitoring risk in wholesale banking (e.g. transaction banking, correspondent banking, markets, trade finance).

•Strong data analytic skills and knowledge of machine learning advantageous.

•Knowledge of regulatory expectations across multiple geographies (e.g. US, UK, EU, APAC).

•Experience in managing stakeholder relationships across multiple jurisdictions.

•Experience constructing to strategic direction incorporating a Values-aligned performance culture.

•Experience focusing on developing and implementing consistent risk and control global frameworks within an organization.

•Ability to deal with high levels of ambiguity and simplify outputs and recommendations.

•Comfortable in fast growing and complex environments and ability to move effortlessly between strategic topics to day-to-day regulatory risks.

•CAMS, ICA, or similar financial crime certifications preferrable.

Some other highly valued skills include:

•Analytical and detail-oriented.

•Proactive and solution-focused .

•Strong interpersonal and communication skills.

•Ability to operate independently and influence across matrix structures .

•Comfortable working in fast-paced, dynamic regulatory environments.

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.

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.