BOC - BBPLC - Private Bank

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.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• 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 lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders 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.

Join us a BOC - BBPLC - Private Bank At Barclays, we’re reimagining what’s possible in banking and help us turn challenges into opportunities.

Key Accountabilities:

Business and other advisory, communication and escalation:

• Provide day to day advice and check and challenge the business on all relevant matters pertaining to private Bank Business including escalating significant matters promptly, providing additional information where requested, analysing/interpreting legal, regulatory and internal policy/procedure issues;

  
  

• Maintain regular communication/liaison with relevant senior management, business and others to ensure that they are aware of the business and regulatory risks, including advising them of significant policy matters, regulatory changes, audits and inspections and breaches, if any.

  
  

• Work closely with the team to enhance the local compliance culture in the entity through a range of methods, including attendance at local business/other team meetings as appropriate, training, engagement with local risk management, operations and front office staff, identification of and sharing best practices.

  
  

• Support the team in the product approval procedure (from initial discussion stage to roll out of new products)

  
  

• Contribute to local, regional and global team meetings/calls, helping identify and share best practices

  
  

• Work with local business(es) to address issues identified

  
  

• Implement robust management reporting processes on all regulatory and policy matters internally, within Private Bank and to regulatory bodies, to ensure timely submission of regular and ad-hoc MI (including but not restricted to conduct risk MI) and input to Region, London, and to all local/other Compliance, Board or Committee reporting.

  
  

• Support the team in meeting the Compliance objective of the Bank

  
  

• Support New Product initiatives in line with the Barclays Standards

  
  

Regulatory and other authority liaison:

• Managing regulators’ visits, audits and inspections.

  
  

• Manage implementation of new regulatory initiatives pertaining to compliance and communicate regulatory requirements to the front office.

  
  

• Ensure timely escalation to senior management in case of issues, pending regulatory requirements

  
  

Training

• Ensure that appropriate compliance induction, annual refresher, and other topical training is delivered locally/centrally and completed by all staff within agreed timeframes, to include producing or sourcing (e.g. from the central team) the material as required, and ensuring that completion records are maintained locally/centrally.

  
  

• Develop and deliver specific regulatory training locally, according to identified risks.

  
  

To be successful in the role we require skills set:

• In-depth knowledge and understanding of the regulatory requirements in India across the functional areas specially Securities Exchange Board of India (SEBI).

  
  

• Robust understanding of the various products and services offered by the Private Bank business cluster

  
  

• Preferred Post graduate qualification and relevant experience gained in the legal or compliance departments.

  
  

• Strong knowledge of Indian business environment.

  
  

• Ability to work closely with other functions to find both technical and procedural solutions.

  
  

• Quick thinker with ability to understand complex transactions and explain compliance issues clearly and concisely.

  
  

• Guide business as well as to handle areas of difference with business and escalate.

  
  

• Detail oriented, strong team player with a proven track record.

  
  

Job Location is NKP, Mumbai.