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America's Control Officer- Director
Barclays Capital
Hanover, NJ, United States
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Description
About Barclays
Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-term sustainable returns.
Our two clearly defined divisions, Barclays UK and Barclays International, provide diversification by business line, geography and customer, enhancing financial resilience and helping to contribute to the delivery of consistent returns through the business cycle. We have a strong core business with exciting prospects, well positioned to deliver long-term value for our shareholders.
Consistent with the objective of delivering long-term sustainable value for all our stakeholders, we have developed our Shared Growth Ambition – our approach to citizenship and the sustainability of the business model we operate. The aim is to make decisions and do business that provides our clients and customers, and the communities which we serve, with access to a prosperous future.
The delivery of our strategy is underpinned by the energy, commitment and passion of our people, and we are clear on our common purpose: to help people achieve their ambitions, in the right way.
About Barclays in the US
Barclays offers corporate and investment banking and credit card services in the US. Our 10,000 US colleagues are located in offices across the country, with headquarters in New York City. In 2017, Barclays announced plans to create a world-class campus in Whippany, New Jersey, for our Technology, Operations and Functional teams in the US. Other principal locations include Delaware, Nevada, Ohio and Maine.
About Chief Controls Office
The Chief Controls Office (CCO) is responsible for supporting businesses in governing, maintaining and evolving an effective control environment. It is responsible for leading and coordinating the Control agenda in the First Line of Defence (FLoD) across Barclays covering operational and conduct risk, aligned to the core principles of the CCO Operating Model.
Overall purpose of role
Director role supporting the Americas Chief Control Officer. This individual will work across various aspects of the Control Agenda for the Americas/IHC region, which will include:
• Accountable for establishing and monitoring the Americas Control
framework across the front office, COO and Functions – focusing on
Operational and Conduct Risk Responsible for the Americas control
framework in the front-office.
• Coordinates with global CCO colleagues (both central functions and business-aligned teams) to ensure the control environment of Americas businesses is appropriately assessed from a risk and control perspective (i.e. Risks and controls are clear and the level of appetite for risk is established), undergoes appropriate levels of Assurance, and that the output of the risk assessment and assurance work is clearly communicated to management in line with the current Enterprise Risk Management Framework, such that management can direct additional assurance or remediation work at their discretion. The Americas CCO will also be expected to put forward proposals for remediation activity to Americas and global management.
• Drives remediation of control issues across the Americas, including the IHC – including as Accountable Executive for remediation programs, where designated by Americas or global management. This will include providing management with visibility over progress in closing known control issues – whether or not they are directly owned by the Americas Chief Control Officer. This will be done through use of group-wide methodologies (such as the Enhanced Path to Green) and other methodologies as required for the Americas business, but agreed with global CCO management.
• Works with business-line control officers and global CCO team to ensure timely implementation of new cross-business regulatory and control requirements in the Americas.
• Acts as the Americas linkage with Group and all of the businesses for Risk and Control. Advocates issues globally on behalf of the Americas region.
Key Accountabilities
• Ensure the implementation of responsibilities as per the Enterprise Risk Management Framework with respect to both Operational and Conduct risk.
• Assist in the management of a framework for evaluating Americas risk levels and control performance, identifying inherent risks, evaluating control design and operational effectiveness, and articulating residual risk.
• Work with businesses to enhance risk and control processes as required by risk events or negative assessments, new business requirements, new regulatory requirements, other significant remediation programmes undertaken by the firm, as well as Lessons Learned.
• Coordinate the production of yearly RCSA assessments as required for the Americas/IHC business.
• Participate in the Americas Control Forum
◦ Develop recommendations for Control improvement or remediation as required.
◦ Support the businesses in the remediation of Control issues.
• Provide Regulatory support (i.e. responses to requests) for Americas.
Stakeholder Management and Leadership
Maintain broad range of stakeholders across businesses within Americas (i.e. BCUS, Markets) and functions supporting those businesses (i.e. Operations, Technology, Risk, Operational Risk).
Decision-making and Problem Solving
Takes a flexible decision making process to shape strategic direction, responding positively to changing internal and external circumstances. Promotes a culture in which the needs and perspectives of a wide range of stakeholders and partners are at the forefront of decision making. Leads collective groups to decisions and is execution focused.
EEO
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, 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.
Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.
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.
Person Specification
Basic Qualifications/Skills:
• Bachelors Degree
• 8+ years experience working in a Director capacity, supporting Risk and Control.
• 6+ years Financial Services experience.
Preferred Qualifications/Skills:
• Risk and Control expertise; preferably in a Middle Office/Operations role with a Control background.
• Execution focused, detail oriented.
• Strong leadership and influencing skills.
• Strategic thinking, and relationship management.
• Ability to provide creative solutions and problem solve.
• Strong written and verbal communication skills.
• Ability to work autonomously and comfortable navigating through a changing environment.
Purpose and Values
Barclays has a single cross-business Purpose for Barclays and five core Values which underpin it.
Our Purpose is helping people achieve their ambitions in the right way. Put simply this is the answer to the question ‘What is Barclays for?’ and it should guide our every action as employees.
Respect
We respect and value those we work with, and the contribution that they make.
Integrity
We act fairly, ethically and openly in all we do.
Service
We put our clients and customers at the centre of what we do.
Excellence
We use our energy, skills and resources to deliver the best, sustainable results.
Stewardship
We are passionate about leaving things better than we found them.