Join us as a Credit and Securitised Products Business Oversight Compliance VP, where you'll be responsible for providing day-to-day Compliance oversight and advice to the Credit and Securitised Products businesses within Barclays’ Investment Bank. The role will involve working closely with colleagues across Markets Compliance, the front office and various infrastructure areas.
The Credit business is responsible for Barclays’ secondary market-making activities in corporate bonds, single name CDS, CDS indices and options and secondary loans across the investment grade, high yield, special situations and emerging markets sectors. The Credit business also provides financing and structuring solutions.
To be successful as a Credit and Securitised Products Business Oversight Compliance, you should have:
1. Strong track record of performance in an Advisory Compliance role within a global investment bank.
2. Thorough understanding of Credit and/or Securitised Products (corporate bonds, CDS, loans, financing and structured solutions) and how the market operates, with relevant work experience.
3. Strong understanding of the role of a Compliance function, risk frameworks and risk ownership in a global financial institution.
4. Excellent knowledge of key relevant regulatory global regulations and industry guidelines.
5. Highly motivated with a proactive attitude, driven to provide consistently excellent service and outcomes.
Other highly valued skills include:
1. Effective management of a diversified book of work with varying priorities and deadlines in a fast-paced environment with good attention to detail, taking accountability for own and team deliverables.
2. Good business judgment, integrity, commercial awareness and problem-solving skills, ability to check and challenge, influence behaviours, particularly in challenging situations, and know when to escalate.
3. Ability to identify potential conduct issues and to develop strategies to mitigate risk.
4. Strong team player with strong verbal and written communication skills who can also work independently.
You may be assessed on key critical skills relevant for success in the role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.
Key Accountabilities:
1. Work as part of an integrated Global Compliance team to drive transmission of Compliance policy, procedures and practice into the business and support businesses development of effective control frameworks and a strong compliance culture.
2. Provide real-time and responsive advice to the business and other infrastructure functions on matters arising day-to-day, as well as assisting and overseeing junior members in the team to perform these tasks, for example: review of transactions including those that pose conduct and reputational risk, trading and sales queries relating to market impact / restructuring, potential conflicts of interest, review of wall crossing requests, non-market price transactions, client complaints, preparing meeting packs and lead briefings for senior business and Compliance managers.
3. Proactively engage with colleagues across the Compliance function and coordinate globally to ensure consistency of compliance advice and coverage according to the Compliance Target Operating Model.
4. Contribute to relevant business and/or cross-departmental Compliance projects and participate in working groups as required, including regulatory change initiatives, aiming to achieve forward-thinking solutions to changing regulatory requirements.
5. Represent Compliance in various governance fora and controls review meetings, proactively participate in discussions and check and challenge to assist the business to operate a robust controls framework.
6. Identify and assess potential breaches of Compliance policies, e.g. investigating surveillance alerts, detective controls reports, and/or business escalations, as well as assisting and overseeing junior team members performing such tasks; ensure breaches and remedial actions are formally logged and tracked and used as a tool to drive cultural change within the business.
7. Conduct high quality Compliance Verification Checks in a comprehensive, accurate and timely manner, ensuring all reporting and recording standards are met and follow-up actions are completed.
8. Assist with regulatory and internal audits and respond to regulatory and exchange enquiries; advising the business and Internal Audit on Compliance view on issues identified, opining on remedial action plans.
9. Lead reviews of new products and services (NAPA) and other processes involving Compliance, e.g. Conflict of Interest registers refresh, product governance related reviews, industry codes related reviews, etc.
10. Take a lead role in the successful delivery of the annual training plan, leading development and delivery of bespoke Compliance training, including identifying requirements, which may arise from, for example, a control gap being identified, changing regulation rules or other issues or lessons learned.
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.
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