Compliance Risk Assessment AVP

The Compliance Risk Assessments is a team within Customer Protection, Wholesale Conduct and Regulatory Compliance (CWR) with responsibility for designing and executing the assessment of Compliance and Financial Crime risks across the business.
You may be assessed on the key critical skills relevant for success in role, such as experience with managing risk and controls to mitigate that risk exposure, as well as job-specific skillsets.

To be successful as a Compliance Risk Assessment AVP, you should have experience with:

Basic/ Essential Qualifications:

Understanding of risk and control environment.

• Knowledge of Regulatory Compliance: Familiarity with laws and standards, and internal compliance frameworks.

• Risk Identification & Control Design: Ability to spot compliance risks and implement controls to mitigate them effectively.

• Policy Adherence & Documentation: Ensuring business activities align with documented policies and maintaining control evidence.

• Data Analysis for Risk Insights: Capability to analyze data to detect compliance issues and improve control processes.

• Stakeholder Communication: Skilled in presenting risk findings and collaborating with compliance, legal, and operational teams.

Exposure to operating controls in a previous role.

Desirable skillsets/ good to have:

Experience of working in a risk management function or role.

Experience of working in key control elements, including the identification of new and emerging risks and threats.

Ability to analyse large data sets by applying and modifying existing processes.

This role will be based out of Pune.

Purpose of the role

To design and execute the risk management framework for identifying and assessing compliance risks that may arise from the bank s activities, products, or services.

Accountabilities

• Identification of changes to the level of risk exposure through the assessment of business activities, client base, products, geographies and thematic key risks including laws, rules and regulations.
• Implementation of ongoing monitoring, review and challenge of risk assessments to verify that they remain relevant and effective considering changing circumstances arising from a control environment that is not designed and/or operating effectively.
• Development and implementation of a framework to identify where the residual risk of a business requires risk mitigation strategies, policies, and procedures to bring the organisations exposure to identified risks to within appetite.
• Analysis of the likelihood and severity of identified risks to determine their overall impact on the organisation.
• Utilisation of governance risk and control technology and data analytics to identify and measure patterns and trends related to compliance risk.
• Collaboration with the business, Compliance and other risk functions to develop and maintain a risk assessment framework that meets Operational and Compliance Risk requirements.

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.