Business Oversight Compliance Specialist

Barclays UK; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution in the United Kingdom is seeking a Business Oversight Compliance Specialist AVP to provide expert oversight on financial crime risk frameworks. The role demands strong analytical and communication skills, along with the ability to coordinate effectively with various stakeholders. Successful candidates should possess a solid understanding of financial crime control frameworks and AML regulations. This position is based in London, ensuring compliance with both UK and international standards.

Qualifications

• Experience with financial crime control frameworks and AML regulations.
• Ability to operate both autonomously and collaboratively.
• Skills in identifying themes from large data sets.

Responsibilities

• Provide expert oversight on business and compliance matters.
• Conduct investigations of compliance risk events.
• Collaborate with relevant compliance teams.
• Assess compliance risks through thorough reviews.
• Advise on policy development and operational effectiveness.

Skills

Analytical skills

Excellent written communication skills

Creative problem-solving

Organizational skills

Stakeholder coordination

Job description

This is an exciting opportunity to be part of an international team shaping, strengthening, and overseeing the Financial Crime risk frameworks within a dynamic and globally connected business.

The Private Bank and Wealth Management (PBWM) Financial Crime Compliance (Business Oversight Compliance – BOC) is reports into the Barclays Bank PLC MLRO but is aligned to the PBWM Business. The team please a critical role in safeguarding the organisation by providing independent oversight, expert advisory support on Financial Crime (FC) risks and co‑ordinating global activity, with a core focus on Anti‑Money Laundering (AML). This includes the review and challenge of FC related issues and change projects; the support and development FC controls in relation to business day to day activities; and advise and apply industry AML best practice in relation to UK and international rules and regulations on complex client matters.

We are seeking an experienced professional with a solid understanding of FC frameworks and industry requirements. You will use this experience to proactively support and challenge stakeholders to allow the identification, management and, where necessary, escalation of FC risk. In this role, you will be a key contributor to the team’s advisory capabilities, supporting the assessment of client‑related matters, participating in thematic control reviews and helping drive proactive identification of emerging FC risks across PBWM.

To be successful as a Business Oversight Compliance Specialist AVP, you should have experience with:

• Creative and forward‑thinking approach, with the ability to identify improvements and practical solutions.

• Highly organised and structured with excellent written communications skills, with the ability to prioritise and manage competing deliverables.

• Skilful co‑ordination in working across a wide range of stakeholders both within and beyond the function.

• Analytical skills, with the ability to identify themes and trends from large volumes of data

• Knowledge of FC control frameworks, AML regulations and broader regulatory expectations.

• Ability to operate autonomously or collectively as a team.

• Be able to consider multiple options from different perspectives to identify pragmatic and effective solutions.

This role is based in London with 3 anchor days.

You may be assessed on key critical skills relevant for success in the role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job‑specific technical skills.

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
• 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.