Economic Crime Risk Manager

8192 Barclays Bank UK PLC; Northampton; On-site; GBP 90,000 - 130,000; Full time

Job summary

Barclays Bank UK PLC in London or Northampton is seeking an Economic Crime Risk Manager to support the Risk Function by identifying, assessing, mitigating and monitoring economic crime risks across business units and activities.

You will help develop desktop procedures, maintain regulatory compliance, and lead a team to strengthen controls. Strong AML knowledge, first-line risk experience, and the ability to influence stakeholders are essential.

Qualifications

• Experience in a first-line Economic Crime role with the ability to identify, assess and mitigate financial crime risks across business activities.
• Financial Services experience with knowledge of Business Banking products and related risk considerations.
• Knowledge of UK financial crime legislation, regulatory requirements and best practice for Economic Crime risk management.
• Strong analytical and problem-solving skills with attention to detail in due diligence and onboarding.
• Experience drafting and maintaining desktop procedures, guidance and operating standards.
• Understanding of AML regulations and JMLSG guidance and best practice.
• Experience supporting risk and control framework improvements across the customer lifecycle.

Responsibilities

• Help ensure procedural documentation remains accurate, up-to-date and aligned with regulatory requirements.
• Collaborate with stakeholders to promote process consistency, strengthen controls and support risk management.
• Contribute to regulatory change initiatives and horizon scanning activities.
• Lead and coach team members, guiding complex tasks and cross-functional collaboration.

Skills

Risk management

Regulatory knowledge

Analytical skills

AML knowledge

Stakeholder management

Communication skills

Leadership

Education

ICA AML Diploma

ACAMS

Job description

Job Description

Purpose of the role To support the Risk Function in delivering it’s objective of safeguarding the bank's financial and operational stability by proactively identifying, assessing, mitigating, and monitoring risks across various business units and activities. Accountabilities Development of strategic direction for risk, including the implementation of up-to-date methodologies and processes. Management of the risk department, including oversight of risk colleagues and their performance, implementation of risk priorities and objectives, oversight of department efficiency and effectiveness. Relationship management of risk stakeholders, including identifying relevant stakeholders, and maintenance of the quality of external third-party services. Adherence to the Risk policy, standards and frameworks, and maintaining a robust control environment.

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. Join us as an Economic Crime Risk Manager, where you will support the development, maintenance and enhancement of desktop procedures that underpin economic crime risk management and controls across the Business Banking division.

Role Responsibilities and Qualifications

Working within an established risk framework, you will help ensure procedural documentation remains accurate, up to date and aligned with regulatory requirements, internal policies, and industry best practice. You will work closely with stakeholders across the business, you will help promote consistency in processes, strengthen the control environment, and support the effective management of economic crime risk. Opportunities to contribute to regulatory change initiatives and horizon scanning activities will also arise as part of the role.

To be successful as an Economic Crime Risk Manager, you must have the following:

• Experience within a first-line Economic Crime role, with a strong understanding of identifying, assessing, and mitigating financial crime risks across business activities and products.
• Proven experience within Financial Services, with a good understanding of Business Banking products, customer types, and associated risk considerations.
• Knowledge of UK financial crime legislation, regulatory requirements and industry best practice relating to Economic Crime risk management.
• Well-developed analytical and problem-solving skills, with strong attention to detail when assessing risks and reviewing customer onboarding and due diligence activities.
• Experience producing high-quality written documentation, including drafting, updating, and maintaining desktop procedures, guidance, and operating standards.
• Understanding of Anti-Money Laundering (AML) regulations and industry guidance, including JMLSG requirements and best practice.
• Experience supporting the implementation and enhancement of risk and control frameworks across the customer lifecycle.

Other highly valued skills include:

• Recognised financial crime qualification, such as ICA AML Diploma, ACAMS or equivalent.
• Experience supporting horizon scanning activities and assessing the impact of regulatory or industry developments, with the ability to communicate findings effectively to stakeholders Experience working with regulatory change, policy implementation, or control testing activities.
• Knowledge of Business Banking customer journeys and associated economic crime risks.

You may be assessed on the 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 can be based in our London or Northampton Offices.

Our Work Experience

Our Work Experience is the combination of everything that's unique about us: our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.