Controls Assurance - AVP

Barclays; Gurugram District; On-site; INR 2,500,000 - 5,000,000; Full time

Job summary

Barclays is seeking a Controls Assurance – AVP in Gurugram to lead design assessment and operating effectiveness testing of controls aligned to policies and quality standards. The role involves risk assessment, stakeholder collaboration, and reporting on control weaknesses to senior management.

The candidate should have strong communication skills and experience in risk management or internal audit. The position emphasizes adherence to the Barclays Controls Framework with leadership

Qualifications

• Experience in risk management, controls assurance, or internal audit.
• Understanding of SOX and Risk Management practices.
• Clear verbal and written communication of internal control concepts.
• Stakeholder communication to update progress and observations.

Responsibilities

• Assess risk by understanding business areas, products, and processes.
• Collaborate with stakeholders to improve control effectiveness.
• Identify weaknesses in internal controls and promote risk mitigation.
• Develop reports communicating findings to control owners and management.
• Conduct reviews to test the internal controls framework.
• Ensure adherence to Barclays Controls Framework.

Skills

Risk management

Controls assurance

Internal audit

SOX awareness

Stakeholder communication

Tools

MS Office

Excel

PowerPoint

Outlook

Job description

Join us as a Controls Assurance – AVP at Barclays, where core responsibility is to execute design assessment and operating effectiveness testing of controls in accordance with testing plans and aligned to relevant policies, procedures and quality standards providing assurance to Management that the processes and controls within the reviewed Business Unit are effectively designed and operating to mitigating the identified risks. At Barclays, we don't just anticipate the future - we're creating it.

To be successful in this role, you should have below skills:

• Experience in risk management or controls assurance or internal audit.
• Understanding of SOx and Risk Management practices including but not limited to Internal Audit.
• Ability to communicate internal control concepts clearly, in a business context.
• Verbal and written communication skills to deal with internal and external stakeholders. Keeps stakeholders up to date with the progress of the audit work, observation status, etc.

Some other highly valued skills may include below:

• Knowledge of internal control and regulatory requirements & practice e.g. Sarbanes-Oxley, COSO, Basel IV regulations.
• Proficient in use of MS Office packages (Outlook, Word, Excel, Power-point).
• Understanding on data analytics skills used in control testing.

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 our Gurugram office.

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.

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.