Financial Crime Advisory 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.

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.

Embark on a transformative journey as a “Financial Crime Advisory Manager- AVP and innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences.

About Financial Crime Execution.

The Corporate and Investment Bank Financial Crime Execution (UK CORPORATE BANK FCE) is the engine room driving the financial crime agenda for the Corporate, Investment Banks, Global Markets, and Payments businesses. The team works with the businesses in every global jurisdiction that Barclays operates and is responsible for progressing the financial crime goals and objectives of the bank within those businesses, working to mitigate the risk that products and services are abused for the purposes of money laundering, terrorist financing, or other financial crime.

The UK CORPORATE BANK FCE team has five main areas in its remit –

• Risk Assessment Unit
• Enhanced Due Diligence Team
• Governance and Control
• Business Implementation
• Financial Crime Advisory

These teams look after the different elements of the client lifecycle, the implementation of the various policy and regulatory changes a global Financial Crime function has to deliver on an ongoing basis, and oversees the work of the team.

The team’s mission is to execute on the policies and standards dictated by the Second Line Financial Crime Compliance team. This involves managing the financial crime agenda, the onboarding, review and exit of higher risk clients (including detailed and subjective decision making and investigations), the assessment of financial crime related risks as they manifest across the UK CORPORATE BANK estate and extensive oversight and assurance that peripheral financial crime related controls (such as screening or transaction monitoring) are operating as intended. The team also oversees financial crime related training for all front-line staff and manages financial crime related communications for UK CORPORATE BANK.

UK CORPORATE BANK FCE also drives continuous process improvement in the execution of financial crime risk control activities, which includes ensuring that relevant KRIs are met and working closely with colleagues in Financial Crime.

Key Accountabilities

Financial Crime Strategy & Oversight

• Provide support and direction to Barclays stakeholders and project resources for the delivery of Financial Crime change activity.
• Support the change teams and business stakeholders with the execution of business change programmes that may have Financial Crime management implications.
• Support ongoing oversight of the performance financial crime related processes and controls.
• Supporting the maintenance and delivery of the Financial Crime strategy for Barclays UK CORPORATE BANK and Payments, including any changes that impact AML Strategy throughout the business, whether driven by internal or external factors.
• Keep up to date with developments within the Banking and Payments industries, to be able to apply financial crime knowledge to identifiable risks within that industry and its specific products.

Financial Crime Policy Advice

• Maintain up to date knowledge of Barclays Group financial crime policies, standards and frameworks, as well as the underlying legislation on which these are based.
• Provide subject matter expertise to the business and supporting functions, acting as a key contact for Financial Crime referrals.
• Liaise with senior management on key initiatives deployed across the business and provide advice on AML controls that protect the position of the business.
• Conduct periodic reviews of AML controls to review the effectiveness and coverage to the known risks and emerging threats effecting the acquiring industry.

Financial Crime Risk & Control Capability

• Accountable for ongoing liaison with, and oversight of group functions supporting the Financial Crime control environment (e.g. Fraud and Global Surveillance & Transaction Monitoring) to ensure effective management of financial crime risks.
• Build robust relationships with operational teams to ensure that all aspects of the AML controls are executed in line with the standard, maintaining ongoing oversight of the performance and optimisation of the associated processes.
• Represent Barclays UK CORPORATE BANK and Payments FCE on relevant Financial Crime fora.
• Support the completion of Financial Crime Management risk assessments; One Conduct Risk Assessment (One CRA) and Risk & Control Self-Assessments (RCSA)

MI & Reporting

• Support the identification, collation, and presentation of dynamic risk management MI. Implement and Operate appropriate reporting and MI to provide assurance to the Barclays Payments ExFo, 2nd LOD and external regulators that the controls are operating effectively and in compliance with Barclays policies and standards and external regulation.
• Accountable for preparing Financial Crime key risk assessments and presenting the assessments for Control Board approval.
• Manage and maintain relevant risk, process and control documentation, including meeting paper preparation, collation of information for attestations, and where required regulatory submissions.
• Contribute to the management and maintenance the Op Rigour share-point site and relevant inventories and logs
• Own and enhance the MI/data used as the benchmark for AML transaction monitoring and provide continuous analysis on the shifting risk that affect the business.

Assurance

• Support all 2nd and 3rd LOD Financial Crime assurance activity.

Risk Management Culture

• Build business unit capability in Financial Crime risk management related matters, through discussion, coaching, and other appropriate ways attending team meeting, supporting line managers to deliver key risk and control messages to their teams etc.
• With other key stakeholders to create a risk-aware culture throughout the business unit. Encouraging colleagues to design develop and maintain process that focuses on excellence through first-class risk management.
• Stakeholder Management and Leadership
• The role holder will be required to form and maintain strong relationships with colleagues across Barclays UK CORPORATE BANK and Payments, including First, Second and Third Line of Defence colleagues across functions, such as Operational Rigour, Merchant Service Operations, Technology, Financial Crime Advisory, Chief Controls Office, Barclays Internal Audit, and other Barclay’s colleagues, primarily at a Managing Director, Director and Vice President Level.

Decision-making and Problem Solving

• The role holder will need to provide input to and contribute to the development of strategy and methodology for UK CORPORATE BANK and Payments Financial Crime Compliance and Risk Management, ensuring business and/or commercial stakeholders understand and acknowledge the Financial Crime Strategy & Risk Appetite in the context of the Barclays Company.
• Also, the role holder will take a forward looking view of global regulatory requirements, emerging product and client risks/ issues with a view to improve Financial Crime governance, processes, and control design and operating effectiveness.

To be successful in this role as a “Financial Crime Advisory Manager- AVP ", you should possess the following skillsets:

• Experience in Financial Crime in a global financial institution, preferably with experience of a payments business
• Strong technical knowledge of financial crime risk management frameworks.  Experience of working in complex matrix structure that requires strong stakeholder management.
• Strong verbal and written communication, presentation, negotiation, and influencing skills.
• Strong stakeholder management at Senior Executive Committee level with ability to create and maintain highly engaging relationships, challenging the status quo, and driving strategic, innovative and competitive solutions.
• Outstanding ability to effectively prioritise changing business needs and drive results with a diverse and inclusive style, which promotes advocacy.

Some other highly valued skills include:

• Advanced degree level education and strong academic track record.
•  Recognized Financial Crime/ Anti-Money Laundering risk management qualification or equivalent - e.g. ACAMS, IRM, CIIA, ICA, etc.
•  Experience supporting strategic direction incorporating a values-aligned performance culture.
•  Experience focusing on developing and implementing consistent risk and control global frameworks within a financial organization.
•  Skilful coordination in working across a wide range of stakeholders both within and beyond the function, seeking feedback from the business about effectiveness of risk and controls.
•  An ethical track record with proof of values and behaviours in action, consistent with Barclays stated Purpose and Values.
•  Ability to deal with high levels of ambiguity and simplify outputs and recommendations.
• Comfortable in fast growing and complex environments and ability to move effortlessly between strategic topics to day to day regulatory risks.
• An ability to create an environment to spot short-, medium- and long-term opportunities and synergies; good business judgement and a willingness to exercise it.
• Strong interpersonal skills, an effective communicator and possess strength of character.
• Proactive, energetic and resilient with a can-do approach, self-starting and results-focused.
• Decisive, clear, and capable of acting at speed and have the energy and resilience to maintain progress.
• Be an advocate for doing the right thing, be self-motivated and enthusiastic.
• Strong written and oral communication skills particularly as relates matters of law and regulation and how they apply to business and client matters.
• Good working knowledge of corporate and/or investment banking and/or the payments industry, client businesses, operations and the sectors in which we operate, including high risk industries.

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 Gurgaon office.