Risk & Controls Oversight Senior Lead - Compliance Risk | London, UK

Barclays; London; On-site; GBP 85,000 - 120,000; Full time

Job summary

A prominent financial institution seeks a Risk & Controls Oversight Senior Lead to manage Compliance Risk and ensure effective risk management practices. The ideal candidate will have substantial experience in risk management, balancing compliance with commercial needs while influencing senior stakeholders. This role, based in Canary Wharf, London, offers an opportunity to drive risk management initiatives within a dynamic environment.

Qualifications

• Expertise in managing Compliance Risk and Controls.
• Proven ability to balance risk management with commercial considerations.
• Demonstrated experience in driving automation within Risk Management.

Responsibilities

• Assess the integrity and effectiveness of internal control framework.
• Develop reports on risk assessment findings and recommendations.
• Ensure compliance with relevant laws and regulations.

Skills

Risk Management

Compliance Risk

Stakeholder Management

Automation Initiatives

Job description

Risk & Controls Oversight Senior Lead - Compliance Risk

Risk & Controls Oversight Senior Lead - Compliance Risk

Job Description

Purpose of the role

To assess the integrity and effectiveness of the banks internal control framework to support the mitigation of risk and protection of the banks operational, financial, and reputational risk.

Accountabilities

• Knowledge of business areas, products, processes and platforms to be able to assess risk
• Collaboration with various stakeholders across the bank and business units to improve overall control effectiveness through detailed documentation of control assessments, procedures, and findings.
• Identification and investigation of potential weaknesses and issues within internal controls to promote continuous improvement and risk mitigation aligned to the bank's control framework, prioritised by its severity to disrupt bank operations.
• Development of reports to communicate key findings from risk assessment including control weaknesses and recommendations to control owners, senior management, and other stakeholders.
• Execution of reviews to determine the effectiveness of the bank's internal controls framework aligned to established and evolving policies, regulation, and best practice.
• Implementation of adherence to the Barclays Controls Framework and set appropriate methodology of assessing controls against the Controls Framework.

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.

As a Risk and Controls Oversight Senior Lead in First Line, you'll be responsible for providing expert oversight on Compliance Risk. You'll play a critical role in ensuring our risk management practices are strong, effective, and always in compliance of risk and control management frameworks. You'll also act as a key bridge between the Customer & Digital Team, Chief Operating Office (CCO), second and third-line risk partners, and other stakeholders.

In this role, you'll develop and assess risk appetite, lead conversations on risk acceptance, ensure controls are designed and assessed properly, resolving any gaps and improving the control environment. You'll also ensure ongoing monitoring of controls to keep the business audit ready, embed proactive risk management culture, assessing new business initiatives and leveraging tools KRIs and risk dashboards.

You'll stay on top of market trends and emerging risks, driving continuous education based on internal and external themes and lessons learnt. You'll be responsible for ensuring compliance with relevant laws and regulations, preparing and enhancing governance papers and reports. Additionally, you'll identify opportunities for data led controls monitoring and automation of controls. You'll ensure compliance with RCSA, Issue management and Risk events management process in line with Operational Risk framework.

To be successful as a Risk and Controls Oversight Senior Lead - Compliance Risk, you should have experience with

• Expertise in managing Compliance Risk and Controls, including staying up-to-date with new regulations and addressing risks related to vulnerabilities, accessibility, bereavement, and more.
• Proven ability to balance risk management with commercial considerations when defining Risk Appetite, and the skill to influence and negotiate with stakeholders on risk acceptance decisions.
• Demonstrated experience in driving automation and digitization initiatives within Risk Management processes.
• In-depth knowledge of compliance with the ERMF, ORF, and Control Framework requirements, particularly within Customer & Digital.
• Ability to apply Compliance risk expertise to the context of Customer & Digital operations, ensuring tailored solutions for this area.
• Having gravitas and experience in influencing senior stakeholders, including Managing Director level.
• Ability to design and implement the Risk strategy in line with the Overall Vision of BUK Customer and Digital function.
• Subject Matter Expertise and experience of delivering transformation and change in Risk management.

Some other highly valued skills may include

• Have experience in Risk Management within financial services industry.
• Self driven and ability to work independently in a team of risk specialists.
• Understanding of E2E Journeys and controls underpinning the journeys for Compliance Risk
• Staying up-to-date with market trends, competitor activities, and the broader risk landscape, with the ability to leverage this knowledge to enhance internal controls.

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 is based in London (Canary Wharf).

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