Risk and Control

Purpose of the role

To provide independent review and challenge of the Operational Risk elements of particular risk categories across the bank. Ensuring they are carried out in accordance with Barclays Operational Risk Framework, Policies, and Standards

Accountabilities

• Risk identification and proactive risk management, identifying interconnected, horizon and emerging risks to assist the business in understanding, managing and mitigating the right risks in line with their business strategy and objectives.
• Analysis of operational risk data to identify trends, patterns, and emerging risks.
• Risk-based analysis of business processes, systems, and controls to assess the likelihood and impact of identified risks.
• Ongoing research and monitoring of internal and external sources to identify potential Operational Risks.
• Oversight, review and challenge of 1st Line activities including - Risk Control Self Assessments (RCSAs), Risk Events, Issues and attendance at key Risk and Control meetings (with associated reporting) ensuring they accurately reflect the business risk position,.
• Stakeholder management, engaging and working effectively with First and Second Line management.
• Risk based 2nd Line input into 1st Line Projects, Initiatives and Strategic decision making.

Assistant Vice President Expectations

• 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 as a Risk and Controls Specialist at Barclays where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionise our digital offerings, ensuring unapparelled customer experiences.

To be successful as a Risk and Controls Specialist you should have experience with:

Basic Qualifications

• Solid knowledge of Operational Risk & Control and/or audit in a highly regulated business environment

• Previous experience in an environment that has enabled you to gain a broad understanding of technology and cyber compliance

• A motivated, high-performing individual with proven experience of working with and supporting other colleagues to achieve an improved compliance position for a business, with a passion for service and helping colleagues interpret and navigate Group Policies and Standards, as well as risk management processes.

• Knowledge of technology controls, including the development & maintenance of appropriate frameworks and methodologies. Understanding of risk assessment, risk treatment & risk remediation, including Risk Issue Classification Matrix (RICM)

• Working knowledge of technology and/or cyber/information control standards

• Ability to work with at Senior Manger levels, with strong stakeholder management and influencing skills

• Financial services experience preferably within technology environments and with management of Audit / risk / governance / compliance

• Consistently demonstrates integrity, fairness and professional conduct

• Drive continuous improvement, being an advocate for managing change initiatives efficiently and effectively and in line with our Policies and Standards

Preferred Qualifications

• Compliance, controls, Regulatory Relations and/or Data Office experience

• Ability to manage complex, evolving parameters under time pressure and identify potential solutions by exploring and analysing diverse alternatives, including, where applicable, risks and potential business impact

• Excellent communication and influencing skills with ability to align the organization on complex decisions

• An understanding of Financial Services policies/Regulatory requirement

Responsibilities:

• Ensure non-compliances to Group Standards are managed appropriately, as per the Groups Enterprise Risk Management Framework.

• Act as the main point of contact for Risk Management in Risk & Controls Team.

• Be an engaged and integral member of the Risk & Controls Team, supporting BAU methodologies and regular team meetings, helping to drive good practice across the TC.

• Work with Cyber and Technology stakeholders to ensure full compliance of all deliverables including, but not limited to: DWBs, Risk Event, SoX, Operational Risk, and Legal Requests. Work in partnership with the Tech Chief Controls Office, Chief Information Security Office and Chief Technology Office to manage and track all deliverables.

• Dispensations, Waivers, Breaches: Review non-compliance requests, check and challenge validity, work in partnership with technology team and risk partners to ensure all required mitigating control evidence is clearly documented and presented appropriately to Vertical, Horizontal and Standard owners for review and sign off.

• Where open risk is off track, escalate in a timely and appropriate manner, as per Groups processes where applicable.

• Risk Event Management: Raise, Co-ordinate and enrich Risk Events in line with Risk Event policy.

• Work with cyber, technology and risk partners to review all open risk and audits, ensuing that solutions are designed effectively and supporting evidence is sufficient to close out / evidence operational effectiveness. 

• Audit Management: Support internal/external audit engagement, effectively managing in-line with BIA audit methodologies. Including:  Pre-audit checks, progress monitoring, and evidence provision.

• Provide an independent check and challenge view on risk deliverables, as required. Proactively engage risk partners to obtain approval prior to and during reviews from 2LoD or 3LoD

• Adhoc Mandatory/Regulatory Initiatives: Support and prioritize regulatory initiatives.

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 is based out of Pune.