Financial Crime Business Oversight Compliance - KYC Advisory

Join us as a BA4 in the Financial Crime Business Oversight Compliance - KYC Advisory team at Barclays, where KYC Advice (KYCA), within Financial Crime Business Oversight Compliance, is responsible for providing advice to the business and operations teams with respect to Financial Crime Policy & Standards; guidance on risk mitigation approach as part of Customer Due Diligence and enhancing first line of defense management of financial crime risk.

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Providing consistent and risk-based advice to BB PLC business on Customer Due Diligence queries to ensure the business effectively mitigate the risks of products and services being abused for the purposes of money laundering, terrorism financing, or other financial crime.

To be a successful BA4 in Financial Crime Business Oversight Compliance - KYC Advisory team, you should have experience with (Mandatory)

1. Stakeholder Management.

2. Decision Making & Problem Solving.

3. Risk & Control Objective.

4. KYC Advice :

• As a Financial Crime SME, provide sophisticated risk sensitive advice and guidance to the business with respect to client and transactional risk in a time sensitive environment. For example, through periodic client reviews or on-boarding.

• Provide guidance and support to the business line with respect to implementation of policy requirements and, or legislation.

• Support ad-hoc projects which look to enhance or remediate controls with respect to Customer Due Diligence.

• Coordinate across regional teams to provide a single view on client risk across the organization. 

• Provide the Head of Financial Crime for BBPLC and BU/Regional Heads of Financial Crime oversight of emerging trends/themes into customer populations.

• Work with business stakeholders to address gaps and issues with respect to Customer Due Diligence procedures and controls.

• Develop, enhance and maintain financial crime related management information.

Person Specification/ Essential Skills 

• Strong SME across Financial Crime regulation, guidance and risk mitigation strategies.

• Understanding of different business segments and the associated financial crime risks.

• Creative and forward thinking, striving to improve and find solutions through effective innovation and ability to manage project and programmes of work end to end.

• Highly organized and structured with excellent written communications skills and proficient with Excel and PowerPoint.

• Skillful co-ordination in working across a wide range of stakeholders both within and beyond the function

• Robust understanding of jurisdictional risks and geopolitical developments.

• Decision making capability, in particular with respect to complex cases, applying risk based approach in line with risk appetite.

Location : Pune

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.