Boc - Bbplc - Private Bank

**Job Title**: BOC - BBPLC - Private Bank

**Location**:Mumbai

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.

Working Flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.

If you would like some flexibility then please discuss this with the hiring manager.

Hybrid Working

We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Please discuss the detail of the working pattern options for the role with the hiring manager.

**Introduction**:
The primary responsibility of this role is to manage the day-to-day compliance responsibilities and work closely with the regional and global teams on compliance related matters pertaining to the Non-Banking Finance Company for the Private Bank Business cluster as well as local regulatory requirements

**What will you be doing?**
- **Business and other advisory, communication and escalation**:

- Provide day to day advice and check and challenge the business on all relevant matters pertaining to NBFC 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.
- Active involvement in the product approval procedure (from initial discussion stage to roll out of new products) and provide a holistic view on the product and help the business in determining an appropriate control and governance framework.
- 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.
- **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.

**What we’re looking for**:

- In-depth knowledge and understanding of the regulatory requirements across the functional areas.
- Robust understanding of the various products and services offered by the Private Bank business cluster with focus on RBI guidelines for NBFC business
- Post graduate qualification (CA/CS/MBA) and re