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Investment Banking Controls Officer

London, England

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Investment Banking Controls Officer

London, England

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Date live: Apr. 22, 2024

Business Area: COO & Functions

Area of Expertise: Operations

Reference Code: 90387454

Contract: Permanent

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Role Title: Chief Control Office |  Director – IB Control Business Partner
Location: London


What will you be doing 
Partner with the business providing controls-related subject matter expertise, helping them comply with requirements under the Barclays Control Framework (BCF) in a sustainable manner, achieving compliance now, and importantly through their strategic plans.
This includes Investment Banking businesses Investment & Lending, Coverage, M&A, Capital Markets across the US, UK, Europe and Asia regions.

Overall purpose of role
•    First line of defence Risk and Control function directly supporting the IB business.  
•    Manage a small team of control professionals driving the risk and control agenda.
•    Partner with senior business leads to assess the effectiveness of the end to end control environment and drive control enhancement and automation initiatives.
•    To 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.
•    Act as the point of 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
•    Supporting Senior Managers (SMRs) and Material Risk Takers (MRTs) in the effective discharge of their responsibilities.
•    Direct people and team management responsibilities.
•    To provide oversight, guidance and support relating to issues management in respect of risk and control issues including quality and adherence to SLAs throughout the issues management process. 
•    To ensure frameworks are implemented and managed effectively across aligned businesses, functions and horizontals.
•    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 drive control enhancement opportunities through the use of key data such as Control Reporting & Data insights.
•    Specialist consultancy and advisory service 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 guiding the business, functions and horizontals on using the Control Framework in a way that allows the business to safely grow and innovate.
•    Manage and coordinate regulatory inputs to control reporting, briefings and relevant governance fora and act as point of coordination and syndication of Regulatory updates and engagements to ensure consistency (as required).
•    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.

What we’re looking for 
•    Prior experience within Investment Banking, or within a first, second, or third line of defence role directly aligned to Investment Banking, is required for this role.
•    Strong ability to influence at senior management level and apply judgement to balance risk versus business interest whilst ensuring compliance to all relevant policies and standards.
•    Strong understanding and knowledgeable on aspects of Enterprise Risk Management Framework (ERMF), Operational Risk Framework (ORF) and Control Framework (BCF).  
•    Experience of working in or within a Control type role / team with the ability to demonstrate a risk management mindset.
•    People management skills.

Skills that will help you in your role 
•    Effective written and oral communication skills, with the ability to present credibly to senior stakeholders.
•    Highly 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.
•    Strong 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.

More about working at Barclays

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

OWe are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a Carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility then please discuss this with the hiring manager.

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