Head of Anti Money Laundering Oversight & Risk Assessment Frameworks

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

Job summary

A leading banking institution seeks a Senior Compliance Officer to ensure organizational compliance with regulations and ethical standards. This role involves oversight of compliance risks, management of AML risk assessment frameworks, and collaboration with various stakeholders to uphold compliance integrity.

Qualifications

• Experience in compliance and risk management roles.
• Proven ability to manage teams and lead projects.
• Strong understanding of AML regulations and standards.

Responsibilities

• Support the assessment of financial crime control framework changes.
• Own and maintain AML risk assessment frameworks.
• Identify and investigate potential compliance risks.

Skills

Analytical skills

Risk assessment

Compliance knowledge

Leadership

Education

Bachelor's degree in Finance, Business or related field

Relevant compliance certifications (e.g. ACAMS)

Job description

The key responsibilities will be:

• Support impact assessment of changes to laws, regulations, and guidance on the financial crime control framework, including impact on Policy and Standards.
• Oversee dispensations, waivers, and breaches process, including assessing, granting, and monitoring exemptions.
• Define and maintain associated KRIs for monitoring adherence across Standards.
• Own and maintain AML risk assessment frameworks, including Transaction Monitoring Risk Assessment.
• Oversee completion of, and provide advisory support to 1LOD in, risk assessments.
• Supervise Business AML systems and controls to ensure appropriate risk management, including implementation of AML Standards.

Purpose of the role

Provide data-led expert oversight, check, and challenge on business and compliance matters to ensure the organization operates in accordance with Barclays' legal, regulatory, and ethical responsibilities.

Accountabilities

• Identify and assess compliance risks through reviews of business activities, changes, processes, testing, and systems.
• Investigate potential market abuse, including Insider Dealing, Unlawful Disclosure, Market Manipulation, or Anti-Competitive Conduct.
• Investigate compliance risk events or breaches; oversee corrective actions and preventative measures.
• Implement compliance policies aligned with regulatory requirements and international standards.
• Collaborate with 1LOD, other Compliance teams, legal, and risk management functions for comprehensive risk management.
• Identify, investigate, and oversee potential money laundering, terrorist financing, or other financial crimes.

Director Expectations

• Manage a business function, contribute to strategic initiatives, and influence policy and procedures.
• Lead a large team or sub-function, or for individual contributors, lead organization-wide projects and act as technical experts.
• Provide expert advice to senior management and committees.
• Manage resourcing, budgeting, and policy creation for sub-functions.
• Escalate breaches appropriately, foster compliance, and monitor regulatory adherence.
• Engage with external regulators and advocacy groups as appropriate.
• Maintain industry knowledge and external market insights.
• Use analytical skills to solve complex problems and design solutions.
• Make significant decisions and influence stakeholders at senior levels.
• Act as principal contact for key clients and external functions.
• Represent the function and division as a spokesperson.

All Senior Leaders are expected to demonstrate leadership behaviors aligned with Barclays' values and behaviors, fostering an environment for colleagues to excel and uphold the Barclays Mindset of Empower, Challenge, and Drive.