Job Description
Join us as a "Private Bank Wealth Management- Controls Oversight-AVP" at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences.
To be successful as a Private Bank Wealth Management- Controls Oversight-AVP, you must have expertise in-
• Ability to influence at senior management level.
• Ability to apply judgement and balance risk versus business interest whilst ensuring compliance to all relevant policies and standards.
• Knowledgeable on aspects of Enterprise Risk Management Framework (ERMF), Operational Risk Framework (ORF) and Barclays Control Framework (BCF).
• Experience of working in or within a Control type role / team.
Desirable Skills/Preferred Qualifications
• Effective written and oral communication skills, with the ability to present credibly to senior stakeholders.
• Experienced in dealing with multiple stakeholders in different business functions who have different objectives e.g. Barclays Internal Audit, Risk, Compliance, Fraud, Legal.
• Strong Excel skills including extensive experience in managing large quantities of data, pivots, formulas, Vlookup.
• Ability to provide thought leadership through bringing together insight and analysis including external knowledge.
• Extensive working knowledge of operational risk & control processes and practices, including experience in their application across functions with ability to demonstrate a risk management mindset.
Job location is Mumbai
About The Chief Controls Office
The Chief Controls Office (CCO) is a function within the Chief Operating Office (COO) that operates across the bank (Barclays UK (BUK), Barclays Bank Plc (BBPLC) and Barclays Execution (BX) Services) to strengthen the control environment by driving consistent, excellent performance against the Control agenda. The team is an integral part of Barclays’ increasing emphasis on sustaining and strengthening an effective control framework, to meet our business needs, meet regulatory requirements and also to deliver upon our core values and commitments to all of our customers, clients and shareholders.
The purpose of the Chief Controls Office is to improve the Control Environment. We do this by defining and executing strong controls processes and offering effective control management tools and reporting. Control Business Partners directly partner with key stakeholders in the business as well as other BX services to provide an expert advisory service on a range of control related matters that support the assessment and management of risk across the businesses.
Overall purpose of role
• Aligned to the Private Bank & Wealth Management Business to facilitate first line governance and assure control effectiveness, including testing and tracking of issue and action plans arising from assurance activity to closure on behalf of the business
• To support and provide clear articulation of the risk and control landscapes including ability to demonstrate an understanding of control requirements for relevant internal Barclays and external Regulatory policies. This will include (but is not limited to): Control, Issues, Risk Event and Audit guidance, guidance on Policies and Standards and the oversight and management of risk.
• Support coordination and syndication of all Control Services, ensuring consistency and quality delivery of the Controls Strategy, Control Frameworks, improvement initiatives and capabilities across each Business, Functions or Horizontals.
• To develop and maintain relationships with senior colleagues and stakeholders - with the ability to effectively challenge risk and control decisions, when needed.
Key Accountabilities
• To support oversight and guidance relating to issues management in respect of risk and control issues including quality and adherence to SLAs throughout the issues management process.
• Working together to ensure frameworks are implemented and managed effectively across aligned businesses, functions and horizontals.
• Provide advice, education and awareness relating to issues management as part of continuous improvement and enhanced service framework.
• Driving improved and sustainable controls culture through use of data led relevant indicators to ensure Control Forums are insightful and conversations risk focused, while also overseeing the Control Framework.
• Monitor key indictors and provide insights to leadership to oversee their risk profile. This includes analytics covering root cause analysis of issues and thematic trends, supporting the function to predict areas of risk exposure.
• Proactively identify and resolve thematic issues to help drive control enhancement opportunities through the use of key data such as Control Reporting & Data insights.
• Specialist consultancy and advisory service to help to drive high quality risk management in line with strategy, regulation, Group frameworks, policies and standards to deliver a sustainable and strengthened control environment and control culture.
• Deploying knowledge and expertise to assess, predict and mitigate future risks whilst helping to guiding the business, functions and horizontals on using the Control Framework in a way that allows the business to safely grow and innovate.
• Support management and coordination of regulatory inputs to control reporting, briefings and relevant governance fora (as required).
• Supporting Senior Managers (SMRs) and Material Risk Takers (MRTs) in the effective discharge of their responsibilities.
• Partnering with 2nd Line of Defence (2LOD i.e. Compliance, Operational Risk) and 3rd Line of Defence (i.e. Barclays Internal Audit) colleagues to input on common areas of interest to provide an enriched controls advisory service.
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.
To be successful as a Private Bank Wealth Management- Controls Oversight-AVP, you must have expertise in-
• Ability to influence at senior management level.
• Ability to apply judgement and balance risk versus business interest whilst ensuring compliance to all relevant policies and standards.
• Knowledgeable on aspects of Enterprise Risk Management Framework (ERMF), Operational Risk Framework (ORF) and Barclays Control Framework (BCF).
• Experience of working in or within a Control type role / team.
Desirable Skills/Preferred Qualifications
• Effective written and oral communication skills, with the ability to present credibly to senior stakeholders.
• Experienced in dealing with multiple stakeholders in different business functions who have different objectives e.g. Barclays Internal Audit, Risk, Compliance, Fraud, Legal.
• Strong Excel skills including extensive experience in managing large quantities of data, pivots, formulas, Vlookup.
• Ability to provide thought leadership through bringing together insight and analysis including external knowledge.
• Extensive working knowledge of operational risk & control processes and practices, including experience in their application across functions with ability to demonstrate a risk management mindset.
Job location is Mumbai
About The Chief Controls Office
The Chief Controls Office (CCO) is a function within the Chief Operating Office (COO) that operates across the bank (Barclays UK (BUK), Barclays Bank Plc (BBPLC) and Barclays Execution (BX) Services) to strengthen the control environment by driving consistent, excellent performance against the Control agenda. The team is an integral part of Barclays’ increasing emphasis on sustaining and strengthening an effective control framework, to meet our business needs, meet regulatory requirements and also to deliver upon our core values and commitments to all of our customers, clients and shareholders.
The purpose of the Chief Controls Office is to improve the Control Environment. We do this by defining and executing strong controls processes and offering effective control management tools and reporting. Control Business Partners directly partner with key stakeholders in the business as well as other BX services to provide an expert advisory service on a range of control related matters that support the assessment and management of risk across the businesses.
Overall purpose of role
• Aligned to the Private Bank & Wealth Management Business to facilitate first line governance and assure control effectiveness, including testing and tracking of issue and action plans arising from assurance activity to closure on behalf of the business
• To support and provide clear articulation of the risk and control landscapes including ability to demonstrate an understanding of control requirements for relevant internal Barclays and external Regulatory policies. This will include (but is not limited to): Control, Issues, Risk Event and Audit guidance, guidance on Policies and Standards and the oversight and management of risk.
• Support coordination and syndication of all Control Services, ensuring consistency and quality delivery of the Controls Strategy, Control Frameworks, improvement initiatives and capabilities across each Business, Functions or Horizontals.
• To develop and maintain relationships with senior colleagues and stakeholders - with the ability to effectively challenge risk and control decisions, when needed.
Key Accountabilities
• To support oversight and guidance relating to issues management in respect of risk and control issues including quality and adherence to SLAs throughout the issues management process.
• Working together to ensure frameworks are implemented and managed effectively across aligned businesses, functions and horizontals.
• Provide advice, education and awareness relating to issues management as part of continuous improvement and enhanced service framework.
• Driving improved and sustainable controls culture through use of data led relevant indicators to ensure Control Forums are insightful and conversations risk focused, while also overseeing the Control Framework.
• Monitor key indictors and provide insights to leadership to oversee their risk profile. This includes analytics covering root cause analysis of issues and thematic trends, supporting the function to predict areas of risk exposure.
• Proactively identify and resolve thematic issues to help drive control enhancement opportunities through the use of key data such as Control Reporting & Data insights.
• Specialist consultancy and advisory service to help to drive high quality risk management in line with strategy, regulation, Group frameworks, policies and standards to deliver a sustainable and strengthened control environment and control culture.
• Deploying knowledge and expertise to assess, predict and mitigate future risks whilst helping to guiding the business, functions and horizontals on using the Control Framework in a way that allows the business to safely grow and innovate.
• Support management and coordination of regulatory inputs to control reporting, briefings and relevant governance fora (as required).
• Supporting Senior Managers (SMRs) and Material Risk Takers (MRTs) in the effective discharge of their responsibilities.
• Partnering with 2nd Line of Defence (2LOD i.e. Compliance, Operational Risk) and 3rd Line of Defence (i.e. Barclays Internal Audit) colleagues to input on common areas of interest to provide an enriched controls advisory service.
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.
💡 Quick Summary
Seeking a career-building opportunity? The Private Bank Wealth Management- Controls Oversight-AVP position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.