VP, Chief Controls Office - Barclays International India

Mumbai, India

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Date live: Sep. 20, 2024

Business Area: Control

Area of Expertise: Controls

Reference Code: JR-0000015317

Contract: Permanent

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About Chief Controls Office

The Chief Controls Office (CCO) is a function within the Chief Operating Officer (COO) that operates across BUK, BBplc and BX to drive consistent, excellent performance against the Control agenda. The team is an integral part of Barclays’ increasing emphasis on sustaining and strengthening an effective control framework, to meet our business needs, meet regulatory requirements and also to deliver upon our core values and commitments to all of our stakeholders.

The purpose of the Chief Controls Office is to improve the Control Environment. We do this by defining and executing strong risk and controls processes, via effective control management tools and reporting. Control Business Partners directly partner with key stakeholders in the business as well as other BX services to provide an expert advisory service on a range of control related matters that support the assessment and management of risk across the businesses.

Please visit our website here for more information.

About Business Control
The Markets Business Control Partners are the specialist 1st line of defence team that work directly with the line of business heads and aligned functions to design, develop, implement and maintain an efficient and effective controls framework and environment across the business.

Overall purpose of role

The role is a VP role within the India Bank Branch entity. While the role will primarily support the Markets Business(Trading & Sales) encompassing Rates, FX & Credit Businesses in India, it will form part of the regional APAC Markets BCO function and will also support the wider APAC BCO team in their control objectives for the overall APAC Markets Business where necessary. Key requirements as below:-

Clear understanding and articulation of the risk and control requirements and appropriate implementation of controls for relevant internal Barclays and external Regulatory policies. This will include (but is not limited to) Controls, Issues, Risk Events, Audit guidance, guidance on Policies and Standards and the overall oversight and management of risk & controls. Also ensure effective controls remediation for the Business where necessary.
To define and implement appropriate risk assessment and control frameworks. This will enable the line of business supervisors to meet their accountabilities in terms of overseeing non-financial risk.
Additionally, work with aligned functions to apply the firmwide risk and control frameworks, that enable consistent governance, assessment, categorization and reporting on risk/control issues impacting the Macro business.
The role would also be responsible to support the Chief Governance Officer(CGO) & the Chief Controls Officer, India, in terms of various country level controls & governance related activities and initiatives.
The Role has oversight for below mentioned legal entities as well apart from India Bank Branch.
- Barclays GIFT City Branch, India

Key Accountabilities

Act as the point of coordination and syndication of all business relevant controls, ensuring consistency and quality delivery of the Controls Strategy, Control Frameworks, improvement initiatives and capabilities.
Working with business and functions on non-financial risk and control related activities including but not limited to:
- remediation activities as a result of regulatory requirements and/or audit identified issues,
- helping to drive control initiatives to ensure the business is effectively managing all its operational and conduct risks,
- Lead controls remediation projects relevant to Business,
- Provide controls input and advice to Business on new and existing control enhancements,
- Effectively challenge risk and control decisions, when needed,
- Undertake thematic reviews for key areas, resulting from self-identified concerns and potential risk events.
Support the Business for various Audit engagements(2nd line, 3rd line and regulatory reviews) in terms of preparation, coordination/engagement and managing audit remediation actions.
Implementing an effective Governance framework for monitoring Risk and Controls that enables the business to achieve their goals in a demonstrably safe and controlled manner, in compliance with regulations. This would include preparation of relevant controls packs/MIS and representing the business on relevant working groups/forums for controls.
Support the Business on various regulatory aspects related to controls – submission of controls related information/returns, coordinate response to controls related enquiries, support regulatory projects, control mandates implementation and regulatory reviews.
Represent Markets Business in relevant control related interactions with Executive Management.
Develop new approaches to risk assessment specific to the Markets Business, with strategic and sustainable outcomes, fully embedded into the firm’s working practices.
Leverage various controls functions/teams across the group in delivery of service to benefit the business.

Stakeholder Management and Leadership

Excellent interpersonal and stakeholder management skills; being able to communicate confidently and effectively with people at all levels, both verbally and in writing.
Develop and maintain excellent working relationships across multiple teams.

Decision-making and Problem Solving

To influence stakeholders as to long standing or emerging control issues and the remediation required.
Able to overlay policy and standard requirements with business needs to support business with solutions for complex risk and control issues.
To be able to look at bigger picture and balance risk against business.

Risk and Control Objective

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

Person Specification

Extensive understanding/knowledge on the working of the Macro and Credit business within a top tier financial institution.
Track record of working in a full-service Risk/Controls Defence team, working directly with Markets Trading and Sales business heads, and aligned function heads.
Experience of embedding risk and control frameworks, specific to Markets lines of business.
A proven people’s person with the ability to partner across functions and geographies.
Strong analytical abilities, with a methodical approach, sound judgement and a close attention to detail.
Extensive project management experience and strong organisational skills.
Proven stakeholder management skills, setting and proactively managing expectations in challenging environments.
Excellent written and verbal communication skills.

An excellent understanding of modern governance, risk, and control assessment techniques.

Essential Skills/Basic Qualifications:

Understanding of the Markets trading & sales business through previous business experience (FO) or from direct support functions (business management / COO, business controls, product control function, Operational risk, controls assurance, compliance, audit etc.)
Excellent understanding of risk and control assessment techniques with the ability to demonstrate a risk management mindset; and excellent communication skills and a proven ability to work in a matrix organisation.
Knowledge of the India Financial Services regulatory environment & mandates.
Strong understanding and knowledgeable on aspects of Enterprise Risk Management Framework (ERMF), Operational Risk Framework (ORF) and associated Controls Framework.

Desirable skills/Preferred Qualifications:

Experience with data analytics tools and techniques.

Team person with the ability to partner across functions.

Purpose and Values

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

Barclays has been in Asia Pacific for over 50 years, supporting corporations and financial institutions across the Asia Pacific region and connecting them to the capital markets of UK, Europe and the Americas. For more information click here.

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.

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 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.

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.
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.

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.

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