Operational Risk Framework Manager

At Barclays, we don’t just adapt to the future – we create it. Embark on a transformative journey as a Operational Risk Framework Manager, where you’ll play a pivotal role in shaping the future of Governance and Oversight team which focuses on enhancing presence of assurance practices in India.

Key responsibilities:

• Development of Policies, Standards and guidance, soliciting feedback from stakeholders across the Bank to deliver an approach that meets regulatory requirements, maintains the integrity of the Framework design and is practical and achievable for the organisation to implement and operate.
• Management of the Annual Refresh cycle for Frameworks, Policies and Standards, ensuring analysis of emerging risks and regulatory changes are identified, and the needs for new or updated policies are updated within the set timeframe.
• Impact assessments to ensure Policies and Standards can be implemented in adherence with set timeframes. Investigation and addressing of Policy violations or potential Issues and ensuring the Dispensation, Waiver and Breaches process in invoked where required.
• Contribute to key change initiatives impacting the Framework including delivery of the new System of Record,  identification and impact analysis of simplification opportunities, providing advice, influencing decision making and collaborating with key stakeholders to facilitate delivery of a straightforward and simple-to-execute framework  that is easily understood by colleagues and Regulators and enables the Bank to identify and manage risk, monitor control performance and  provide material impacting insights. 
• Management of key stakeholders in response to transformation projects, ad-hoc requests, regular dialogue and training and education.
• Maintenance of Framework components to ensure a clear lineage from Laws, Rules and Regulations through Policies, Standards and Controls. Complete periodic Control Assessments, reviewing the design and operating effectiveness.
• Maintenance of a centralised repository of all risk Policies and Standards.
• Implementation of control lineage processes, responsible for approving Controls mapped to control requirements within Policies and Standards

To be successful as a Operational Risk Framework Manager, you should have experience with:

• The successful candidate will have a good understanding and experience working with operational risk including the components of an OR framework, relevant regulatory requirements, and some Policy / Standard experience.
• Must be able to work with autonomy and have experience of managing a number of projects / tasks concurrently to meet deadlines and stakeholder requirements.
• The ideal candidate will have excellent command of the English language with strong written and oral communication skills and an ability to communicate and influence at all levels in the business, including presenting at Senior Management Fora / Committees as well as hosting and presenting via Microsoft Teams to large groups.
• Shows an ability to think laterally and develop and deliver effective solutions in a complex environment against tight deadlines.
• Ability to build relationships and influence across all levels of the organisation and achieve positive outcomes.
• Results driven, with focus on excellence, accuracy, and attention to detail. Pragmatic with structured problem-solving skills to enable delivery of high-profile sustainable solutions in a fast-paced environment.

Some of Highly Valued Skills may include:

• Banking awareness of risk management.
• Decision making with active critical thinking.
• Analytical & Critical thinking.
• Verbal & Written communication skills.
• Knowledge of Risk Management and Internal Controls.

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 for this role is Pune, IN or Noida, IN.

Purpose of the role

To design, develop and consult on the bank’s internal controls framework and supporting policies and standards across the organisation, ensuring it is robust, effective, and aligned to the bank’s overall strategy and risk appetite.  

Accountabilities

• Identification and analysis of emerging and evolving risks across functions to understand their potential impact, and likelihood.
• Communication of the purpose, structure, and importance of the control framework to all relevant stakeholders, including senior management and audit.
• Support to the development and implementation of the bank's internal controls framework and principles tailored to the banks specific needs and risk profile including design, monitoring, and reporting initiatives  .
• Monitoring and maintenance of the control's frameworks, to ensure compliance and adjust and update as internal and external requirements change.
• Embedment of the control framework across the bank through cross collaboration, training sessions and awareness campaigns which fosters a culture of knowledge sharing and improvement in risk management and the importance of internal control effectiveness.

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.