Director – Regulatory Reporting Projects

Overall purpose of role

The role is the Director lead of the Projects team India, responsible for partnering with peers in the wider team and Strategic delivery programs to proactively drive delivery of regulatory change within the agreed timelines and in conformance to the changing rules, business readiness framework and other internal policies and procedures.

• India Change lead for Regulatory Capital TC driving Strategic programs through prioritization, requirements, execution & go live. Working closely with Head of RCTC India (Sumit H) and Head of RCTC Change (Christina S) to define and execute on the Change strategy.
• Ensure adherence to regulatory requirements, including PRA, EBA and expanded to cover FED over time.
• Lead a team of regulatory reporting professionals, fostering a culture of accountability, accuracy, and continuous improvement.
• Partner with Risk, Treasury, Tech and Group Finance to align reporting with strategic objectives and risk appetite.
• Oversee the implementation of regulatory changes and ensure timely updates to reporting frameworks and templates.
• Drive automation and control enhancements across reporting processes.
• Represent the function in governance forums and regulatory reviews.

Key Accountabilities

• Represent the RCTC BAU team leads in the delivery of significant change requirements through engagement with the wider programs and tech partners from onboarding through to implementation.
• Strong and robust Change Delivery Execution through close tracking and delivery of milestones and RAIDs with escalations through the programs as required.
• To lead and execute on Best in class change delivery, managed via the Business Readiness Framework.
• To lead the embedment of the Basel IV Parallel run process to ensure a smooth transition to Go live in new reporting requirements.
• To develop and implement strategies to mitigate prudential regulatory reporting risks, ensuring compliance with all applicable laws, regulations, and internal control policies, and conduct regular reviews to identify and address potential compliance gaps.
• Assess the effectiveness of the internal control processes and governance framework, including addressing any weaknesses or gaps that could lead to regulatory reporting non-compliance, and implementation of measures to strengthen internal controls.
• To contribute or set strategy, drive requirements and make recommendations for Basel IV implementation and wider RCTC 3 year strategy including broader finance transformation, big rocks and AI strategy.
• Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures.
• Ensure agreed KPI’s/SLA’s are adhered to

Team

• Develop and implement training programs to educate colleagues on regulatory requirements and compliance responsibilities.
• Agree challenging performance and development objectives for all direct reports providing regular feedback/coaching to ensure their maximum potential is achieved.
• Demonstrate inclusive and supportive behaviours in line with the Purpose, Values and Mind-set to enable business performance.
• Define jobs and responsibilities, planning for the team’s future needs and operations, counselling colleagues on performance and contributing to employee pay decisions/changes.
• Manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business
• 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.

Stakeholders

• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders
• Negotiate with and influence stakeholders at a senior level both internally and externally.

Problem solving

• Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
• Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
• 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.

Person Specification

• Proven leadership experience in Regulatory or Financial reporting of a major banking/ financial services organisation
• Proven record in E2E change management from requirements through to execution and ultimately go live.
• Deep understanding of Basel III/IV, CRR/CRD, and local regulatory frameworks.
• Experience of working in a global organisation in a matrix environment
• Expertise in managing conflicting stakeholders requirements and good negotiation skills
• A clear understanding of the elements of effective control environment and proven experience of leading teams
• Demonstrated ability to work well under pressure, strong problem-solving skills and hands on operational excellence
• Strategic mindset with experience in implementing regulatory changes
• Demonstrated experience of influencing decisions at senior management level
• Strong analytical, problem-solving, and communication skills.

Purpose of the role

To identify, assess and mitigate prudential regulatory reporting risks, provide oversight on regulatory reporting, and maintenance of open communication with regulators to ensure that the bank's activities and operations comply with all applicable laws, regulations, and internal control policies.  

Accountabilities

• Identification and assessment of prudential regulatory reporting risks arising from the bank's activities, products, and services. Development and implementation of strategies to mitigate prudential regulatory reporting risks, ensuring compliance with all applicable laws, regulations, and internal control policies, and conduct regular compliance reviews and audits to identify and address potential compliance gaps or violations.
• Assessment of the effectiveness of the bank’s internal control processes and governance framework, including addressing any weaknesses or gaps that could lead to regulatory reporting non-compliance, and implementation of measures to strengthen internal controls.
• Preparation and submission of regulatory reports to authorities, and provision of support to other departments in their preparation and review of regulatory reports.
• Analysis and presentation of regulatory data to provide insights into business performance, identify trends, and support decision-making.
• Development and implementation of training programmes to educate employees on regulatory requirements and compliance responsibilities.
• Communication and liaising with regulatory bodies, prompt responses to inquiries and provision of requested information, and representation of the bank in meetings with regulators.
• Management of the selection, implementation, and maintenance of regulatory reporting systems and software applications, including collaboration with IT colleagues to integrate regulatory reporting systems with other enterprise systems.

Director Expectations

• To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
• They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
• Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
• Escalates breaches of policies / procedure appropriately.
• Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
• Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
• Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
• Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
• Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
• Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
• Negotiate with and influence stakeholders at a senior level both internally and externally.
• Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
• Mandated as a spokesperson for the function and business division.

All Senior 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.

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.