Business Oversight Compliance - Barclays UK - Products

Barclays UK; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Business Oversight Compliance specialist to provide expert oversight and ensure adherence to regulatory standards. This role involves identifying compliance risks, conducting investigations, and collaborating with various teams to enhance compliance and risk management strategies. The ideal candidate will possess a strong risk and control mindset, exceptional communication skills, and a deep understanding of compliance within the financial services sector. Join a forward-thinking organization committed to integrity and excellence in its operations, where your contributions will drive positive outcomes for customers and the business alike.

Qualifications

• Strong risk and control mindset in Retail Banking and Financial Services.
• Proven experience in compliance and conduct risk management.

Responsibilities

• Identify and assess compliance risks through thorough reviews.
• Conduct investigations of compliance risk events or breaches.

Skills

Risk and Control Mindset

Communication Skills

Problem Solving

Compliance Knowledge

Mortgage Knowledge

Savings Product Knowledge

Insurance Product Knowledge

Education

Degree in Finance or Related Field

Job description

BUK Business Oversight Compliance (BOC) provides oversight, advice and guidance to Barclays UK. The role is within the BUK BOC team that specifically oversees BUK Life Moments (Consumer Mortgages, Savings and Insurance Distribution). The team is responsible for a range of activity including compliance challenge and advice across new and existing Products, Propositions, Journeys and strategic change; risk events and issues; identifying themes or trends that pose a risk to good customer outcomes; and supporting the interpretation of regulatory requirements and regulatory change.

To be successful as a Business Oversight Compliance specialist, you should have:

• A strong risk and control mindset particularly relating to identifying and managing Compliance, Conduct and Reputational risk in a Retail Banking and Financial Services.
• Capable of considering complex problems, taking into account regulations, regulatory guidance, the Barclays ERMF and conduct risk considerations and making risk based decisions.
• Strong personal and communication skills to communicate complex scenarios simply, clearly and briefly, effectively influence business strategy and participate in challenging conversations.

In addition, proven experience or knowledge of Mortgage, Savings and/or Insurance products would be advantageous.

This is 1 of 2 roles which can be located in London, Glasgow or Northampton.

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 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.
• 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.