Barclays Bank US
Director, Financial Crime Oversight (1LOD)
Barclays Bank US, Wilmington, Delaware, us, 19894
The US Consumer Bank (USCB) Director, Financial Crime Oversight is responsible for ensuring that Barclays Bank Delaware effectively manages its financial crime risks, covering money laundering, terrorist financing, sanctions, and bribery and corruption, in line with the BBDE Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Sanctions Compliance Program and related Barclays Group Financial Crime policies. In doing so the role holder protects the Bank, its customers, and its employees, as well as society at large, from the negative effects of financial crime.
Responsibilities
Ensure the bank achieves compliance with all Financial Crime regulations, policies and standards, and manages Financial Crime within stated risk appetite.
Oversee the E2E processes designed to manage financial crime risk or comply with financial crime regulations, policies and standards.
Act as 1st line oversight representative for regulatory engagements on matters relating to financial crime.
Collaborate with others to deliver effective risk management and compliance in related processes (e.g. customer on-boarding, suspicious activity monitoring and reporting, screening, customer due diligence and enhanced due diligence) supporting the business’s wider strategy.
Ensure ABC controls are operating effectively across the organization.
Hold delegated authority from the first line of defence Responsible Executive for financial crime compliance and risk management.
Work with second line of defence functions (primarily BBDE Bank Secrecy Officer (BSA) Officer) to influence and shape the bank’s policies and standards relevant to US Consumer Bank customers and partners.
Responsible for ensuring satisfactory outcomes in related risk assessments, assurance reviews, and audits, identifying and resolving issues that may preclude this.
Essential Skills
A strong base of understanding of and experience in financial crime compliance and risk management within a financial services organization.
10+ years’ experience in leading teams with responsibility for delivering compliance with regulation and/or policies within a customer-facing environment.
10+ years’ experience in regulatory change and skills in leading teams through change and embedding continuous improvement while maintaining an effective control environment.
Significant experience in working with senior stakeholders across a business area and making sound risk-based decisions.
Strong interpersonal skills and the ability to influence through a matrixed organization.
Purpose of the RoleTo 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
Identify 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.
Implement ongoing monitoring, review, and challenge of risk assessments to verify their relevance and effectiveness.
Develop and implement a framework to identify where the residual risk of a business requires risk mitigation strategies, policies, and procedures.
Analyze the likelihood and severity of identified risks to determine their overall impact on the organization.
Utilize governance risk and control technology and data analytics to identify and measure patterns and trends related to compliance risk.
Collaborate with the business, Compliance, and other risk functions to develop and maintain a risk assessment framework that meets Operational and Compliance Risk requirements.
Director Expectations
Provide expert advice to senior functional management and committees to influence decisions made outside of own function.
Manage, coordinate, and enable resourcing, budgeting, and policy creation for a significant sub-function.
Escalate breaches of policies/procedures appropriately.
Foster and guide compliance, ensuring regulations are observed with relevant processes in place.
Focus on the external environment to monitor and influence on behalf of Barclays.
Demonstrate extensive knowledge of how the function integrates with the business division to achieve overall business objectives.
Maintain broad and comprehensive knowledge of industry theories and practices alongside up-to-date relevant sector/functional knowledge.
Use interpretative thinking and advanced analytical skills to solve problems and design solutions in complex situations.
Exercise management authority to make significant decisions 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/business 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.
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Responsibilities
Ensure the bank achieves compliance with all Financial Crime regulations, policies and standards, and manages Financial Crime within stated risk appetite.
Oversee the E2E processes designed to manage financial crime risk or comply with financial crime regulations, policies and standards.
Act as 1st line oversight representative for regulatory engagements on matters relating to financial crime.
Collaborate with others to deliver effective risk management and compliance in related processes (e.g. customer on-boarding, suspicious activity monitoring and reporting, screening, customer due diligence and enhanced due diligence) supporting the business’s wider strategy.
Ensure ABC controls are operating effectively across the organization.
Hold delegated authority from the first line of defence Responsible Executive for financial crime compliance and risk management.
Work with second line of defence functions (primarily BBDE Bank Secrecy Officer (BSA) Officer) to influence and shape the bank’s policies and standards relevant to US Consumer Bank customers and partners.
Responsible for ensuring satisfactory outcomes in related risk assessments, assurance reviews, and audits, identifying and resolving issues that may preclude this.
Essential Skills
A strong base of understanding of and experience in financial crime compliance and risk management within a financial services organization.
10+ years’ experience in leading teams with responsibility for delivering compliance with regulation and/or policies within a customer-facing environment.
10+ years’ experience in regulatory change and skills in leading teams through change and embedding continuous improvement while maintaining an effective control environment.
Significant experience in working with senior stakeholders across a business area and making sound risk-based decisions.
Strong interpersonal skills and the ability to influence through a matrixed organization.
Purpose of the RoleTo 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
Identify 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.
Implement ongoing monitoring, review, and challenge of risk assessments to verify their relevance and effectiveness.
Develop and implement a framework to identify where the residual risk of a business requires risk mitigation strategies, policies, and procedures.
Analyze the likelihood and severity of identified risks to determine their overall impact on the organization.
Utilize governance risk and control technology and data analytics to identify and measure patterns and trends related to compliance risk.
Collaborate with the business, Compliance, and other risk functions to develop and maintain a risk assessment framework that meets Operational and Compliance Risk requirements.
Director Expectations
Provide expert advice to senior functional management and committees to influence decisions made outside of own function.
Manage, coordinate, and enable resourcing, budgeting, and policy creation for a significant sub-function.
Escalate breaches of policies/procedures appropriately.
Foster and guide compliance, ensuring regulations are observed with relevant processes in place.
Focus on the external environment to monitor and influence on behalf of Barclays.
Demonstrate extensive knowledge of how the function integrates with the business division to achieve overall business objectives.
Maintain broad and comprehensive knowledge of industry theories and practices alongside up-to-date relevant sector/functional knowledge.
Use interpretative thinking and advanced analytical skills to solve problems and design solutions in complex situations.
Exercise management authority to make significant decisions 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/business 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.
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