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Regulatory Assurance Director

Noida, India

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Date live: 11/05/2024

Business Area: Finance

Area of Expertise: Strategy

Contract: Permanent

Reference Code: 90392485

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Barclays Strategy

Join the Strategy team to develop strategic plans in collaboration with the Executive Leadership Team. You'll set the Environmental, Social, and Governance (ESG) strategy to ensure sustainable growth and alignment with ESG standards, positioning Barclays for long-term success.

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Overall Purpose of Role

Barclays will be undergoing a significant amount of regulatory change in 2024 and 2025 as a result of the introduction of Basel IV for both our UK and Irish Regulated entities.

This role will be involved in execution of independent assurance activities on Prudential regulatory reporting that Barclays is responsible for, ensuring the implementation from the production teams is consistent with the regulatory requirements that Barclays is bound by for both calculation of regulatory requirements and associated disclosures (COREP/Pillar 3).

The incumbent of this role will help lead the assurance activity from the Reg Cap TC perspective in Chennai, working with counterparts in London to plan and execute the assurance activities required from a change implementation perspective and on going BAU. This role will sit within the Reg Cap TC Assurance team.

Key Accountabilities

1) Establishing and enhancing the existing assurance activities with in the Reg Cap TC and embedding these within existing policies and standards.

2) Maintain and develop the assurance framework activities to be undertaken for Basel IV (EBA and PRA)

3) Responsible for planning and executing the assurance cycles for Prudential Regulatory Reporting in multi year future cyles

4) Documentation of the assurance outcomes for senior management, identifying areas of improvement and remedial plans to resolve.

5) Has the ability to undertake and manage re-performance and data accuracy testing across the Prudential Regulatory disclosures (COREP and Pillar 3) with assistance from technical SMEs in London.

6) Responsible for maintaining and updating the prioritsation and scoping methodologies for assurance using prior experience in similar roles related to assurance and audit.

7) Help build out the assurance team within Chennai and lead a team of skilled individuals on delivering assurance activities and outcomes per the framework.

Person Specification:

1) This role needs someone that has a proven track record of delivery audits or assurance at a senior level with at least 5 years experience within that field and can perform the audit/assurance related activities.

2) Experience should be within the financial reporting function within a large tier bank (preferable) or prudential regulatory reporting function within a large tier bank (desirable)

3) Excellent organisational skills, able to react to complex challenges with focused plans and contingencies and a forward-thinking focus that anticipates future challenges and how to resolve through the assurance activity they will be responsible.

4) Must have an understanding of financial markets, financial and/or regulatory reporting, risk, governance and controls.

5) Must have an awareness of the prudential rules and regulations (calculation and disclosures) so that they can confidently maintain the assurance framework and be confident in running assurance cycles.

6) Identify and implement enhancements to the control frameworks, ensure these meet our governance policies, with a specific focus to assurance.

7) Excellent communication skills (oral and written) with proven experience dealing with senior stakeholders.

8) Strong interpersonal skills to build relationships across the bank - creates and maintains a culture in which trust and mutual respect are valued, challenging people and systems that do not support this. Uses influencing strategies and conveys a strong vision to achieve results and obtain buy-in across the organisation.

9) Comfortable working across ‘virtual’ teams and embraces the opportunity to work across various functions and locations.

10) Sets high standards for self and others, leads by example and delivers to a high standard consistently through themselves and others.

11) Demonstrates strong leadership, be able to guide and coach other members of the team to reach their full potential and actively manages their professional development.

Essential Skills/Basic Qualifications:

1) Qualified Accountant – ACA or equivalent with experience within financial audits/assurance

2) Prior experience in a top tier bank or similar financial institution, or a large blue-chip corporate

3) Strong written, Excel and PowerPoint skills and previous experience of having managing and working with large volumes of data in an audit/assurance environment.

4) Excellent stakeholder engagement skills and understanding and executing requirements / expectations.

5) Excellent analysis and problem-solving skills with a specific focus on assurance and ensuring stakeholders can support in helping resolve challenges/issues.

Purpose of the role

To identify, assess and mitigate prudential regulatory reporting risks, provide oversight on regulatory reporting, and maintenance of open communication with regulators to ensure that the bank's activities and operations comply with all applicable laws, regulations, and internal control policies.  

Accountabilities

  • Identification and assessment of prudential regulatory reporting risks arising from the bank's activities, products, and services. Development and implementation of strategies to mitigate prudential regulatory reporting risks, ensuring compliance with all applicable laws, regulations, and internal control policies, and conduct regular compliance reviews and audits to identify and address potential compliance gaps or violations.
  • Assessment of the effectiveness of the bank’s internal control processes and governance framework, including addressing any weaknesses or gaps that could lead to regulatory reporting non-compliance, and implementation of measures to strengthen internal controls.
  • Preparation and submission of regulatory reports to authorities, and provision of support to other departments in their preparation and review of regulatory reports.
  • Analysis and presentation of regulatory data to provide insights into business performance, identify trends, and support decision-making.
  • Development and implementation of training programmes to educate employees on regulatory requirements and compliance responsibilities.
  • Communication and liaising with regulatory bodies, prompt responses to inquiries and provision of requested information, and representation of the bank in meetings with regulators.
  • Management of the selection, implementation, and maintenance of regulatory reporting systems and software applications, including collaboration with IT colleagues to integrate regulatory reporting systems with other enterprise systems.

Director Expectations

  • Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
  • Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
  • Escalates breaches of policies / procedure appropriately.
  • Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
  • Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
  • Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
  • Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
  • Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
  • Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
  • Negotiate with and influence stakeholders at a senior level both internally and externally.
  • Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
  • Mandated as a spokesperson for the function and business division.

All Senior 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.

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.

Learn more about Barclays locations

Across our campuses, we offer modern workspaces, collaborative areas, and state-of-the-art meeting rooms. Facilities include wellness rooms, on-site cafeterias, fitness centers, and tech-equipped workstations. Designed for innovation and comfort, they support a dynamic and productive work environment.

Gain access to wellness rooms, gyms and mental health support.

Our welcoming and inclusive culture supports you to bring your whole self to work, explore your potential and pursue your passions.

Modern spaces designed for teamwork and brainstorming.

There’s so much more than work to involve and engage you on campus. From socialising to sports, from community events to volunteering.

Learn more about Barclays locations

Across our campuses, we offer modern workspaces, collaborative areas, and state-of-the-art meeting rooms. Facilities include wellness rooms, on-site cafeterias, fitness centers, and tech-equipped workstations. Designed for innovation and comfort, they support a dynamic and productive work environment.

Health and wellness

Gain access to wellness rooms, gyms and mental health support.

A place where you can belong

Our welcoming and inclusive culture supports you to bring your whole self to work, explore your potential and pursue your passions.

Collaborative Areas

Modern spaces designed for teamwork and brainstorming.

More than work

There’s so much more than work to involve and engage you on campus. From socialising to sports, from community events to volunteering.

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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