Job Description

Job Title AVP - Group Operational Risk
Location: Noida 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
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.

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.
Introduction:

• The Operational Risk subject matter experts oversee the operational risk elements of particular risk categories managed by operational, functional and vertical business areas across the bank.
• As an AVP, you will help to provide second line oversight of Transaction Operations Risk. You will have an opportunity to provide an independent view on how the risk profile is being managed against agreed tolerances and to ensure that the First Line of Defence effectively manages risks.

What will you be doing?

• The role holder will provide input and opinion to the 1LoD using their operational risk expertise, knowledge of risk best practice.
• Review and challenge that the 1LoD fully understand their risk profile and that remediation will mitigate/reduce risk in line with tolerance.
• The role holder will review and challenge, with first and second line stakeholders, the design and effectiveness of governance / controls to manage risks, and seek appropriate assurance to support the outcomes.
• Providing a risk based review challenge and escalation of Risk Events and issues to ensure policy requirements are met, risks are being appropriately managed, accurately reported and escalated to both 1LOD and 2LOD management
• Delivering oversight, review and challenge of 1LOD management of Risk and Control Self Assessments (RCSAs); ensuring that they accurately reflect the business risk position.
• Provide specialist risk content, expertise and independent review and challenge 1LOD management on their assessment and management of Transaction Operations Risk, including consideration of Structured Scenario Assessments.
• Assist on the oversight of the 1LOD implementation and execution of their risk management responsibilities, ensuring, through review and challenge methodologies, that they are carried out in accordance with Barclays’ Operational Risk Framework.
• Engagement with the Operational Risk Framework and SME teams on Transaction Operations Risk issues.
• Identifying emerging risks to assist the business in understanding, managing and mitigating risk in line with their business strategy and objectives
• Build strong relationships with 1LOD. Be an active participant in key risk and control forums/committees in respect of Transaction Operations Risk in order to review and challenge that the business fully understands their risk profile.
• Ensure that horizon and emerging risks are identified, to assist the business in understanding, managing and mitigating the right risks in line with their business strategy and objectives.
• Participating in 2LOD Risk Reviews where required

What we’re looking for:

• Experience of working within Compliance, Operational Risk, Audit or an internal controls environment, preferably in the financial sector.
• Strong understanding of an organisation’s Operational Risk management lifecycle and how effective controls and processes mitigate operational risk.
• Good understanding of Transaction Operations Risk and how it might apply to the different businesses within a large universal bank.
• Ability to present independent Operational Risk opinion on Operational Risks credibly with internal senior stakeholders.
• Strong analytical and planning skills with excellent problem solving skills and an ability to understand and identify themes from broad data sets. Strong numerical reasoning skills required.
• Excellent communication skills, both written and verbal - English essential (written & spoken).

Skills that will help you in the role:

• Strong working experience of Transaction Operations Risk and associated controls.
• Be focused on excellence and execution, resilient and able to work with many and varied deliverables.
• Strong focus on timely delivery of finished work products; predisposed to take initiative on new/ unfamiliar tasks but unafraid to ask for additional support or clarification when required.

Where will you be working?
Noida 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.