Director, Financial Crime Oversight (1LOD)

The US Consumer Bank (USCB) Director, Financial Crime Oversight is responsible for ensuring that Barclays Bank Delaware effectively manages its financial crime risks, covering money laundering, terrorist financing, sanctions and bribery and corruption, in line with the BBDE Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Sanctions Compliance Program and related Barclays Group Financial Crime policies.  In doing so the role holder protects the Bank, its customers and its employees, as well as society at large, from the negative effects of financial crime.

• Ensure the bank achieves compliance with all Financial Crime regulations, policies and standards, and manages Financial Crime within stated risk appetite, through

• Overseeing the E2E processes that are primarily designed to manage financial crime risk or comply with financial crime regulations, policies and standards;

• Acting as 1st line oversight representative for regulatory engagements on matters relating to financial crime

• Collaborating with others to deliver effective risk management and compliance in related processes (e.g. customer on-boarding, suspicious activity monitoring and reporting, screening, customer due diligence and enhanced due diligence, etc.) in a fashion that also supports the business’s wider strategy

• Ensuring ABC controls are operating effectively across the organization

• Hold delegated authority from the first line of defence Responsible Executive for financial crime compliance and risk management

• Work with second line of defence functions (primarily BBDE Bank Secrecy Officer (BSA) Officer) to influence and shape the bank’s policies and standards in a manner that reflects and is relevant to US Consumer Bank customers and partners

• Responsible for working with all teams involved to ensure that the bank achieves satisfactory outcomes in related risk assessments, assurance reviews and audits, identifying and resolving issues that may preclude this and responding appropriately to assessments that do not meet this target

Essential Skills

• A strong base of understanding of and experience in financial crime compliance and risk management within a financial services organization

• 10+ years’ experience and skills in leading a team(s) with responsibility for delivering compliance with regulation and/or policies within a customer facing environment

• 10+ years’ experience in regulatory change and skills in leading teams and functions through change and embedding continuous improvement, while also maintaining an effective control environment

• Significant experience and skills in working with senior stakeholders across a business area and making sound risk-based decisions with important consequences

• Strong interpersonal skills and the ability to influence through a matrixed organization

Purpose of the role

To design and execute the risk management framework for identifying and assessing compliance risks that may arise from the bank’s activities, products, or services. 

Accountabilities

• Identification of changes to the level of risk exposure through the assessment of business activities, client base, products, geographies and thematic key risks including laws, rules and regulations.
• Implementation of ongoing monitoring, review and challenge of risk assessments to verify that they remain relevant and effective considering changing circumstances arising from a control environment that is not designed and/or operating effectively.
• Development and implementation of a framework to identify where the residual risk of a business requires risk mitigation strategies, policies, and procedures to bring the organisation's exposure to identified risks to within appetite.
• Analysis of the likelihood and severity of identified risks to determine their overall impact on the organisation.
• Utilisation of governance risk and control technology and data analytics to identify and measure patterns and trends related to compliance risk.
• Collaboration with the business, Compliance and other risk functions to develop and maintain a risk assessment framework that meets Operational and Compliance Risk requirements.

Director Expectations

• 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.