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Senior Transaction Monitoring Control Owner

London, United Kingdom

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Date live: 11/25/2024

Business Area: Compliance

Area of Expertise: Data & Analytics

Contract: Permanent

Reference Code: 90391091

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Barclays Data and Analytics

A career in Data & Analytics at Barclays is a hub for top talent, from beginners to experts, fostering innovation and excellence. You'll drive business strategy, leverage data potential, and enhance the experience of millions of customers in today’s data-driven world.

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You will lead the FC Transactional Monitoring optimisation and strategy for Barclays UK (BUK) and Barclays International (BI). Your role includes providing SME guidance, developing a team, and enhancing Surveillance TM systems. You will collaborate with Financial Crime, Business, Operational, and Technology stakeholders to develop and optimise automated Surveillance TM solutions, ensuring they are effective and efficient.

You will identify risk management enhancement opportunities, support strategic investment projects, and develop bespoke monitoring solutions. Your focus will be on innovation and data analytics, ensuring Surveillance TM capabilities are robust and identifying financial crime risks. You will also design the Surveillance TM data environment, ensuring relevant data is sourced, integrated, and leveraged effectively.

Additionally, you will support the regular review and optimisation of Surveillance TM solutions, acting as the ‘voice of the customer’ to ensure high standards. You will build and maintain feedback loops from key business areas, incorporating their requirements into developing and optimising solutions. Your leadership will drive innovation within Surveillance TM, drawing inspiration from pioneering teams within Barclays and leading institutions.

To be successful as a Transaction Monitoring Control Owner, you should have experience with

·       Proven SME expertise in implementing, optimising, and tuning TM systems or similar financial crime controls.

·       Experience in a regulated business environment with governance, control, and risk management exposure, ensuring adherence to action and escalation procedures.

·       Excellent verbal and written communication skills, with a considerable record of building relationships and engaging with technical and non-technical stakeholders across functions.

·       Experience leading a team of risk management-minded SMEs with technical ability, motivating, coaching, and developing team members.

·       Considerable organizational skills to execute plans, manage competing priorities, and achieve goals.

·       Ability to solve problems logically and creatively, demonstrating professional judgment, quality control, and high standards.

·       Creative and forward-thinking, striving to innovate and improve solutions and capabilities.

·       Confidence to contribute and make business-critical decisions.

·       Appreciation of the power of analytics to enhance TM systems processes.

·       Understanding of data management and model validation principles and controls.

Some other highly valued skills may include

·       Experience using analytical tools for data exploration, analysis, and visualization.

·       Expert coding ability in SQL, Scala, Spark, Python, etc.

·       Experience developing data visualizations/dashboards, preferably with Tableau.

·       In-depth understanding of financial institution data (e.g., customer/account, transactional, payment),systems, and flows.

·       Appreciation of financial crime, market surveillance, AML, and transaction monitoring/detection systems and processes, including AML and terrorist financing trends and typologies.

·       Knowledge of the UK and global financial crime regulatory framework.

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

London

Purpose of the role

The candidate will have a key role in contributing and delivering the FC Transactional Monitoring optimisation  and strategy for all in scope Barclays UK (BUK) and Barclays International (BI) business and jurisdiction locations.

  • Champion the Surveillance TM Program by providing SME specialist guidance and analytical support
  • Lead, support and develop a team, augmenting invidual capabilities to enhance all in scope Surveillance TM systems and ensure they are effectively delivered, managed and optimised

The role will focus predominantly on the development and optimisation of Surveillance TM solutions for in-scope Barclays UK (BUK) and Barclays International (BI) businesses / locations, including;

  • Working with Financial Crime colleagues to support the development, implementation and optimisation of automated Surveillance TM solutions.
  • Collaborating with key Business, Operational, Technololgy and Financial Crime stakeholders across the lines of defence to understand key priorities for the bank and identify risk management enhancement opportunities.
  • Leading on innovation within in the field of Surveillance TM Optimisation opportunities within BAU as well transformation activities.

Accountabilities

  • Development and implementation of validation plans for new and existing models.
  • Preparation of model documentation that clearly explains the model's methodology, assumptions, limitations, and risks.
  • Development and implementation of ongoing monitoring frameworks to ensure continued model accuracy and effectiveness, ensuring appropriate controls and governance in place.
  • Analysis and assessment of the model's accuracy, performance, and compliance with regulatory requirements.
  • Performing back testing and stress testing to assess model robustness under different conditions.

Vice President Expectations

  • 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.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 39 countries and employing around 100,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.

To find out more about Barclays' strategy please click 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.

We 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.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

This is Barclays London

Our global HQ is in Canary Wharf, at the heart of London’s financial district. There are over 10,000 colleagues here – a hugely diverse workforce made up of the world’s best financial and tech talent. If you love the buzz of city life, this is the place to be.

Cycle or run to work? We’ve got everything you need – from cycle hire and parking areas to new showering and changing facilities.

CoSpace is our drop-in co-working space, where networks are built, problems are solved collectively and our community is strengthened.

Our Wellness Suite includes a well-equipped gym and exercise studios, and provides personal training sessions and massage therapy.

Our new trading floors enhance communication, integrate sustainability, and support health and wellbeing through innovative design and British-sourced furniture.

This is Barclays London

Our global HQ is in Canary Wharf, at the heart of London’s financial district. There are over 10,000 colleagues here – a hugely diverse workforce made up of the world’s best financial and tech talent. If you love the buzz of city life, this is the place to be.

Supporting active commuters

Cycle or run to work? We’ve got everything you need – from cycle hire and parking areas to new showering and changing facilities.

Time to connect

CoSpace is our drop-in co-working space, where networks are built, problems are solved collectively and our community is strengthened.

Wellbeing in focus

Our Wellness Suite includes a well-equipped gym and exercise studios, and provides personal training sessions and massage therapy.

Advanced trading floors

Our new trading floors enhance communication, integrate sustainability, and support health and wellbeing through innovative design and British-sourced furniture.

Be you. Be valued. Belong.

We celebrate the unique perspectives and experiences each individual brings, believing our differences make us stronger and drive success. Our colleague networks offer connection, support, and growth, while our "This is Me" series shares the unique stories of our colleagues. Committed to diversity, equity, and inclusion, Barclays values you for who you are and ensures you truly belong.

You can learn more about our commitment to our colleague on our DE&I page.  

Learn more

Application Process

Your application

We’ll ask for information about you, your CV and cover letter.

1

Your assessment

Covering your behaviours and ability at work.

2

Your interview

Exploring your past experiences and skills.

3

Next step

We’ll request additional information so that you can complete our screening process

4
How to ApplyRead our FAQ's
Barclays

Working flexibly

We’re committed to providing an inclusive culture and environment, that 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.

Our approach to working flexibly is designed to support you to balance your life and to accommodate diverse needs, whilst still allowing us to meet our business needs. If you’d like to request a flexible working arrangement, please discuss this with your hiring manager.

Hybrid working: Our approach to hybrid working ensures there’s the right balance of working alongside colleagues at our onsite locations, as required for each role. For business areas that offer a hybrid working experience, this will be in a structured way, where colleagues work at an onsite location on fixed, ‘anchor’, days of the week. Some roles may require full onsite working. Please discuss the working pattern requirements for the role you are applying for with the hiring manager.

We continue to embed and review our hybrid working environment and remain in a phase of testing and learning. This means that working arrangements could change, with reasonable notice, to align with the needs of our business.

Barclays is built on an international scale.

Our geographic reach, our wide variety of functions, businesses, roles and locations reflect the rich diversity of our worldwide customer base. All of which means we offer incredible variety, depth and breadth of experience.
And the chance to learn from a globally diverse mix of colleagues, including some of the very best minds in banking, finance, technology and business. Throughout, we’ll encourage you to embrace mobility, exploring every part of our operations as you build your career.

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