Job Description

Join us as a Compliance Risk Assessment Specialist at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionise our digital offerings, ensuring unapparelled customer experiences.


The Compliance Risk Assessments is a team within Customer Protection, Wholesale Conduct and Regulatory Compliance (CWR) with responsibility for designing and executing the assessment of Compliance and Financial Crime risks across the business.



You may be assessed on the key critical skills relevant for success in role, such as experience with managing risk and controls to mitigate that risk exposure, as well as job-specific skillsets.


To be successful as a Compliance Risk Assessment Specialist, you should have experience with:


Basic/ Essential Qualifications:

Understanding of risk and control environments. Knowledge of Regulatory Compliance: Familiarity with laws and standards, and internal compliance frameworks. Risk Identification & Control Design: Ability to spot compliance risks and implement controls to mitigate them effectively. Policy Adherence & Documentation: Ensuring business activities align with documented policies and maintaining control evidence. Data Analysis for Risk Insights: Capability to analyze data to detect compliance issues and improve control processes. Stakeholder Communication: Skilled in presenting risk findings and collaborating with compliance, legal, and operational teams. Exposure to operating controls in a previous role.

Desirable skillsets/ good to have:

Experience of working in a risk management function or role. Experience of working in key control elements, including the identification of new and emerging risks and threats. Ability to analyse large data sets by applying and modifying existing processes.

This role will be based out of Pune.

Purpose of the role

To design and execute the risk management framework for identifying and assessing compliance risks that may arise from the bank's activities, products, or services.

Accountabilities

Identification of changes to the level of risk exposure through the assessment of business activities, client base, products, geographies and thematic key risks including laws, rules and regulations. Implementation of ongoing monitoring, review and challenge of risk assessments to verify that they remain relevant and effective considering changing circumstances arising from a control environment that is not designed and/or operating effectively. Development and implementation of a framework to identify where the residual risk of a business requires risk mitigation strategies, policies, and procedures to bring the organisation's exposure to identified risks to within appetite. Analysis of the likelihood and severity of identified risks to determine their overall impact on the organisation. Utilisation of governance risk and control technology and data analytics to identify and measure patterns and trends related to compliance risk. Collaboration with the business, Compliance and other risk functions to develop and maintain a risk assessment framework that meets Operational and Compliance Risk requirements.

Analyst Expectations

To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement. Requires in-depth technical knowledge and experience in their assigned area of expertise Thorough understanding of the underlying principles and concepts within the area of expertise They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources. If the position has leadership responsibilities, People 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. OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate. Will have an impact on the work of related teams within the area. Partner with other functions and business areas. Takes responsibility for end results of a team's operational processing and activities. Escalate breaches of policies / procedure appropriately. Take responsibility for embedding new policies/ procedures adopted due to risk mitigation. Advise and influence decision making within own area of expertise. Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct. Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function. Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function. Make evaluative judgements based on the analysis of factual information, paying attention to detail. Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents. Guide and persuade team members and communicate complex / sensitive information. Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

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.