Screening Oversight & Wire Transfer Regulation Manager

Job Description

Purpose of the role

To provide data-led expert oversight and check and challenge on business and compliance matters to evidence that the organisation is operating in a compliance with Barclays legal, regulatory and ethical responsibilities. 

Accountabilities

• Identification and assessment of compliance risks through thorough reviews of business activities, changes, processes, testing and systems to.
• Identification and investigation of potential market abuse, including but not limited to, Insider Dealing, Unlawful Disclosure, Market Manipulation or Anti-Competitive Conduct.
• Conduct investigation of compliance risk events or breaches. Oversight and check and challenge of corrective actions and preventative measures to avoid future occurrences.
• Implementation of compliance policies and procedures in line with regulatory requirements and ensuring that the bank’s internal policies are aligned with international standards, including jurisdictional requirements.
• Collaboration with 1LOD, other relevant Compliance teams and legal, and relevant risk management functions to facilitate a comprehensive approach to compliance and risk management.
• Identification, investigation and oversight of potential money laundering, terrorist financing or other financial crime.

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.

Join us as a Screening Oversight and Wire Transfer Regulation Manager. within UK Corporate Banking (UKC) Financial Crime Advisory, supporting UKC with strong expertise in financial crime risk management, policy and regulation across Screening and Payment Transparency.

The primary duties of this role will be to support the development and effective operation of the UKC 1LOD Financial Crime framework for Screening and Payment Transparency; ensure UKC screening risk coverage remains commensurate with the level of business risk exposure; support adherence to Wire Transfer Regulation and Payment Transparency requirements; work with key stakeholders to increase the efficiency and effectiveness of screening controls; support strategic initiatives and business growth by ensuring appropriate financial crime controls are in place; and identify and manage emerging risks and issues in line with Barclays Issue Management Standards.

This is a key role in supporting UKC to effectively manage financial crime risks associated with the screening of clients, non-clients and payments, with a particular focus on Wire Transfer Regulations and Payment Transparency.

Key accountabilities include:

• Provide specialist 1st line of defence (1LOD) Financial Crime advice and oversight across Screening, Wire Transfer Regulations and Payment Transparency within UKC.
• Support UKC in identifying and assessing financial crime risks arising from business activities, products, processes, systems and change.
• Advise on the application of Wire Transfer Regulations and Payment Transparency requirements and their interaction with payment and screening controls.
• Review and challenge whether relevant screening controls and risk coverage remain appropriate and commensurate with UKC's financial crime risk exposure.
• Support the identification, investigation and management of material screening and Payment Transparency risks, issues and control weaknesses.
• Assess the impact of regulatory, policy, product and technology change on screening and Payment Transparency requirements.
• Support complex investigations, deep dives and read-across activity from a 1LOD Financial Crime Advisory perspective, coordinating with relevant SMEs where necessary.
• Work collaboratively with Operations, Product, Technology, Compliance, Legal and other Financial Crime teams to ensure regulatory and policy requirements are appropriately reflected within UKC processes and controls.
• Provide clear, risk-based advice to senior stakeholders and relevant governance forums on material screening risks, control weaknesses and remediation priorities.
• Support the development and implementation of sustainable improvements to the UKC screening and Payment Transparency control environment.
• Identify, escalate and support the management of emerging financial crime risks and issues in accordance with Barclays Issue Management Standards

To be successful in this role you will have:

• An understanding and prior experience of Screening, Wire Transfer Regulations and/or Payment Transparency within wholesale banking, including areas such as transaction banking, correspondent banking, payments or trade finance.
• An understanding of screening risk and controls and their application within a complex wholesale banking environment.
• Knowledge of regulatory expectations across relevant jurisdictions, including the UK and wider international regulatory landscape.
• Experience interacting with stakeholders across multiple functions and jurisdictions.
• Experience contributing to the development and implementation of effective financial crime risk and control frameworks.
• Ability to interpret complex regulatory requirements and translate these into clear, pragmatic advice and recommendations.
• Ability to deal with ambiguity and simplify complex issues for senior and non-technical stakeholders.
• Experience supporting strategic change, regulatory remediation and/or business transformation.
• Ability to operate effectively across both strategic priorities and day-to-day financial crime risks and issues.
• CAMS, ICA or similar financial crime qualifications are preferable.

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 located in London.

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