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India Business Oversight Compliance AVP

Mumbai, Maharashtra

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India Business Oversight Compliance AVP

Mumbai, Maharashtra

Apply for job

Date live: Apr. 25, 2024

Business Area: COO & Functions

Area of Expertise: Compliance

Reference Code: 90384647

Contract: Permanent

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Job Title: India Business Oversight Compliance AVP
Location: Mumbai

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective
Take ownership for managing risk and strengthening controls in relation to the work you do.

Working Flexibly

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, and your request will be reviewed subject to business needs

Hybrid Working

Structured hybrid role:    
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home.  We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.


Introduction:

This role is part of the compliance function in the BBPLC India branch. The primary responsibility will include
providing support for Country Compliance and proactive management of RBI’s expectations  under the Risk Based Supervision Framework activities. The role is also expected to  provide advisory support, check and challenge on requirements and internal policies, conducting compliance reviews in line with the regulatory/ internal policy requirements and working closely with business stakeholders to provide direction and interpretation of regulatory requirements on an ongoing basis

What will you be doing?

1.    Compliance with Risk Based Supervision (RBS) obligations:
o    Timely submission of RBS Tranche reports 
o    Keep abreast of developments under the RBS framework and ensure Bank’s compliance with these  obligations
o    Provide oversight and check and challenge on data submitted by the Bank under RBS framework
o    Plan, design and execute testing of data points of RBS Tranche III as expected of Compliance function 
o    Agree findings of such reviews with relevant stakeholders and issue reports 
o    Track closure of  issues highlighted during such reviews
o    Efficiently manage data requests from SSM office and handle queries
o    Handling of on-site and off -site RBS Inspections 
o    Co-ordination for timely submission of information demand of SSM team
o    Ensure periodic updates of Inspection to Senior management
o    Participation in the inspection meetings and providing Compliance inputs
o    Co-ordinate the dissemination of the draft and final inspection reports with various stakeholders
o    Seek periodic update on progress made on issues highlighted in the final report
o    Provide periodic update on open actionables to governance forums such as EXCO and Control Forum
o    Check and challenge responses provided by stakeholders and submit the final responses to SSM team
o    Manage implementation of new regulatory initiatives pertaining to compliance and communicate    regulatory requirements to the all stakeholders 
o    Managing and monitoring of dissemination of regulatory guidelines / circulars to stakeholders
o    Perform conformance testing to ensure embedment of regulatory guidelines
o    Ensure orderly management of circular tracker and escalate circulars which have not been complied with 
o    Ensuring adequate liaison ad collaboration with regional stakeholders on group requirements for Examinations

o    Compliance Risk Reviews:

o    Design and implement the Compliance Risk review (CRR) on an annual basis
o    Refresh the CRR on an on-going basis to ensure it reflect current risk environment
o    Plan and execute Compliance Risk reviews / Verification Checks on a periodic basis
o    Issue reports basis the reviews performed and agree remediation steps with Stakeholders
o    Monitor actionables and provide periodic updates on open issues to Governance Forums
o    Perform second line of defence testing on conduct risk controls as embedded by the first line of defence


What we’re looking for:

1.    In-depth knowledge and understanding of the regulatory requirements across the functional areas. 
2.    Robust understanding of the various products and services offered by a Scheduled Commercial Bank with focus on RBI regulatory framework
3.    Post graduate qualification (Graduate/CA/CS/MBA/LLB) and relevant experience commensurate with AVP role gained in the legal or compliance departments of an international investment bank or large domestic institution.
4.    Strong knowledge of Indian business environment.
5.    Ability to work closely with other functions to find both technical and procedural solutions.
6.    Quick thinker with ability to understand complex transactions and explain compliance issues clearly and concisely.
7.    Ability to learn quickly.
8.    Ability to take independent decisions and guide business as well as to handle areas of difference with business and escalate.
9.    Ability to perform independent reviews focused on regulatory requirements and conduct risk controls.
10.    Detail oriented, strong team player with a proven track record


Skills that will help you in the role:

1.    Commercial Effectiveness: Including client and conduct focus and commerciality.
2.    Control Environment: Including risk management.
3.    Business Skills: Including delivery of solutions and decision making.
4.    Management & Leadership: Including people development.
5.    Personal & Interpersonal Skills: Including communication, influence and collaboration.
6.    Technical Knowledge.

Desirable skills/Preferred Qualifications:
1.    Candidates having prior experience in the Compliance function of Bank will be preferred


Where will you be working?
Mumbai


Be More at Barclays
At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.
Purpose, Values and Mindset

We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.

Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.

Empower
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.


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.

More content

The Barclays Way

This is the spirit of Barclays. It’s why we exist, what we believe and how we behave. But most importantly, it’s how we make decisions, take action and get things done.

Learn more

Purpose

Working together for a better financial future.

Values

We believe great talent RISES. It acts with Respect, Integrity, Service, Excellence and Stewardship.

Mindset

We discover our full potential through our desire to Empower, Challenge and Drive each other.

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