AVP: Assurance, Laws, Rules and Regulations

Purpose of the role

To partner with the bank, to provide independent insurance on control processes and advise on improvements to ensure the efficiency and effectiveness of the bank's internal controls framework.  

Accountabilities

• Collaboration across the bank to maintain a satisfactory, robust, and efficient control environment through the execution of ad-hoc assessments and testing on the design and operational effectiveness of the internal controls, aligned to control policies and standards.
• Development of detailed test plans and procedures to identify weaknesses in internal controls and other initiatives aligned to the bank's control framework to mitigate any potential risks and issues, prioritised by its severity to disrupt bank operations, potential losses, and reputational impact.
• Communication of key findings and observations to the relevant stakeholders and business units to improve overall control efficiency and provide corrective actions to senior managers. Collaboration with other control professionals to resolve complex issues and ensure consistent testing methodologies across the bank.
• Development of a knowledge centre containing detailed documentation of control assessments, testing on design and operational effectiveness of procedures, findings, and the distribution of material on internal controls to train and upskill colleagues within the bank.

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, 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 "AVP Assurance Law, Rules Regulation", as part of Control Assurance Services at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences.
 

To be successful as a "AVP Assurance Law, Rules Regulation" , you should have experience with:

• Provide controls assurance on processes/controls primarily covering Barclays' adherence to Laws, Rules and Regulations
• Review adequacy of framework, processes and controls established to achieve adherence to Laws, Rules and Regulations and other operational risks.
• Govern end to end delivery of the Controls Testing Framework to understand and report on control effectiveness for Barclays.
• Identify, evaluate, report and escalate risks in line with Barclays risk and control frameworks, utilizing relevant tools and analytical techniques.
• Report the results of testing activities to Senior Stakeholders across Business Units, Functions and Shared Services.
• Influence and support the implementation of the Controls Assurance strategy.
• Ensuring reviews are managed within the approved scope and budgets on a regular basis.

Basic/ Essential Qualifications:

• Basic Minimum Educational Qualification – Post Graduate or equivalent (Chartered Accountant/ MBA/ ACCA).
• Preferred experience in Legal/Regulatory functions or regulatory process/ control testing.
• Experience in the application of and methodologies relating to Control Design Effectiveness Assurance and Operating Effectiveness Testing.
• Experience in implementing Data Analytics i.e. performing full population, hand on with building scripts in SQL /python/other tools.
• Specialist Risk and/or Control-related qualification – formal accreditation / qualification relating to audit, risk and/or control etc.
• Strong project & change management, analytical and organization skills.
• Proven experience of influencing Stakeholders including briefings and presentations.
• Analytical approach and proven ability to manage issues through to resolution.

Desirable skillsets/ good to have:

• Relevant academic/professional certifications (Post graduate/equivalent related to Laws applicable in banking industry across geographies) with post qualification relevant experience of Years.
• Experience in Laws, Rules and Regulations related to Markets risk across US, UK geographies.
• Knowledge of the Financial Services regulatory environment.
• Knowledge of Project Management and Change Management, proven through a relevant professional qualification e.g. Prince2, Project Management Institution would be beneficial, but is not essential.
• Understanding and experience in establishing/evaluating frameworks related to identification and compliance with Laws, Rules and Regulations (LRR) applicable to Banking industry across geographies.
• Ability to explore relevant regulatory requirements and identify consequences resulting from non-adherence.
• Knowledge of principal risks such as Operational risk, Market Risk etc.
• Experience to consolidate and process information from multiple sources to create meaningful insight and reporting for stakeholders.
• Proven experience of influencing Stakeholders including briefings and presentations.
• Analytical approach and proven ability to manage issues through to resolution.
• Experience or knowledge of working within a regulatory and control environment.
• Experienced in dealing with multiple stakeholders in different business / functions who have different objectives.
• Experience in providing informed opinion and being a trusted source on business / function's policies and standards.
• Strong interpersonal skills and ability to communicate effectively across a global team.
• Ability to successfully multitask and complete assignments with varying lead times.
• Self-starter.

You may be assessed on the key critical skills relevant for success in role, such as experience with following as well as job-specific skillset:

Location: Pune