VP Regulatory Policy

Job Description

Purpose of the role

To develop and analyse, the bank's financial and regulatory policies and interpretations, complying with applicable laws, internationally agreed standards, and regulations, to enable effective management of the bank’s financial risks.  

Accountabilities

• Development and assessment of financial policies, standards and associated controls that govern the bank's statutory and regulatory reporting obligations, and analysis of financial data and industry trends to identify areas for policy improvement or revision.
• Management of the implementation of financial and regulatory policies across the bank's departments and business units, and support to employees on the interpretation and application of policies.
• Continuous review of evolving laws, regulations, and regulatory guidance affecting the bank's operations, and assessment of the impact of regulatory changes on the bank's business activities, financial performance, and risk profile.
• Communication of financial and regulatory policies to relevant stakeholders in a clear and concise manner, and development and delivery of training programs on financial and regulatory policies to ensure employee understanding and adherence.
• Management of communication with regulatory authorities to gain insights into upcoming regulatory changes and expectations and participate in regulatory consultations and provide feedback on proposed regulations.

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.

Embark on a transformative journey with Barclays as a VP Regulatory Policy. As part of the US Finance Regulatory Policy Group, specifically focused on advisory, you will play a key role in developing policy interpretations for capital and liquidity regulations. In your role, you will track proposed rule changes from Basel through to enactment in US legislation/regulation (such as the NPR on Basel 3 endgame. You will be responsible for liaising with businesses and impacted functions to shape meaningful advocacy, interpretation and implementation planning for the firm.

To be successful as a VP Regulatory Policy, you should have experience with: 

• Ensuring the provision of authoritative technical regulatory interpretation support to key stakeholders including corporate treasury, regulatory new product approvals, capital/liquidity applications, etc

• Building deep and effective working relationships across the business, with the resilience to see issues through to completion, working with other functions as needed (e.g. Risk, Legal and Technical Accounting)

• Maintaining regular, two-way flow of information between the business and FRP, enabling us to better anticipate future challenges and provide a better service

• Becoming a technical authority recognized by peers, management and internal clients

• Reviewing existing and proposed regulations to identify areas for interpretations, identifying and escalating material gaps in implementation. Be aware of approaches adopted by competitors 

Some other highly valued skills may include:

• Knowledge or experience in liquidity regulations such as the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) would be preferred

• The ability to navigate multi-faceted regulatory landscapes and provide actionable insights to guide business decisions

• Notable communication, negotiation, and analytical skills

• Knowledge in identifying and managing regulatory risks, including potential impacts on business operations, reputation, and financial health

You may be assessed on the key critical skills relevant for success in this 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 the New York, NY office.

Minimum Salary: $160,000

Maximum Salary: $210,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.