Join us as a Financial Crime Business Oversight Compliance VP at Barclays, where you'll support the oversight and development of the financial crime systems and controls environment. Financial Crime Business Oversight Compliance is responsible for providing second-line oversight, ensuring that all Business Units have appropriate systems and controls in place to prevent financial crimes, including money laundering and terrorist financing.
A focus of the role will be on the oversight of our Fintech and Correspondent Banking portfolios within the International Corporate Bank. The team work closely with colleagues across first and second-lines-of-defence to enhance the control environment and protect Barclays’ clients, shareholders and staff. The role will be multidisciplinary and support the activities of the Business Oversight Compliance function including supporting client risk assessment, product development and oversight of investigations and exits.
To be successful as a Financial Crime Business Oversight Compliance VP, you should have experience with;
- Leading the oversight of financial crime systems and controls within a major international bank or payments institution
- Assessing financial crime risk associated with Fintechs and Payment Service Providers (PSPs), including e-money institutions, embedded finance platforms, and digital asset businesses.
- Deep technical knowledge of payment products and models, including payment schemes, cross-border payment clearing, settlement mechanisms, and new payment models.
- Ability to assess and challenge complex client structures and payment flow models.
- Strong understanding of payment products, clearing and settlement mechanisms, and evolving payment models
- Ability to advise senior stakeholders on risk appetite, onboarding and ongoing client management
Some other highly valued skills may include;
- Working in a second line of defence or oversight function
- Experience providing oversight on Transaction Monitoring capabilities, including conducting risk assessments and advising on alert coverage suitability
- Proven track record of operating across complex organisational environments.
- Ability to operate under pressure and adapt to changing regulatory and business priorities
- Participate in and represent Compliance on senior leadership committees, control forums and working groups to drive excellence in our business units in their management of financial crime risk
- Advanced data skills
You may be assessed on 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 will be based in London.
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.
