PBWM Financial Crime Risk Quality Assurance

Job Description

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.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• 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 develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

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 PBWM Financial Crime Risk QA to contribute to the governance, oversight and quality assurance of Financial Crime processes across Private Bank & Wealth Management. In this role, you will help review the effectiveness of existing processes, support the consistent application of policies and standards, and contribute to a culture of continuous improvement. Working across a range of Financial Crime activities, you will identify themes and opportunities for enhancement through quality reviews, data insights and stakeholder engagement. You will also support the ongoing development of procedures and ways of working, helping to ensure processes remain effective, compliant and fit for purpose. This role would suit someone who enjoys working across different subject areas, can quickly become familiar with new processes, and is motivated by improving quality and customer outcomes.

To be successful as a PBWM Financial Crime Risk QA, you should have experience with:

• Working within a Financial Crime environment, including Customer Due Diligence (CDD), Financial Crime risk assessment and Financial Crime Customer Lifecycle Standards.
• Conducting quality assurance, quality control, testing, oversight or assurance activities and reviewing adherence to policies, procedures and regulatory requirements.
• Using review outcomes, management information and data to identify themes, trends and opportunities for improvement.
• Communicating feedback clearly and working with stakeholders to support the consistent application of processes and standards.

Some other highly valued skills may include:

• Experience within a First Line of Defence (1LOD) Quality Assurance, Quality Control, Testing or Assurance function.
• Knowledge of PBWM products, business structures and client lifecycle activities, including onboarding, screening, ongoing due diligence and client exit activities.
• Experience reviewing, developing or maintaining policies, procedures and governance documentation.
• Interest in process enhancement through data analysis, automation or AI-enabled solutions.

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 Glasgow.