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BOC - BX Functions - COO

Job Description

Purpose of the role

To provide data-led expert oversight and check and challenge on business and compliance matters to evidence that the organisation is operating in compliance with Barclays' legal, regulatory, and ethical responsibilities.

Accountabilities

• Identification and assessment of compliance risks through thorough reviews of business activities, changes, processes, testing, and systems.
• Identification and investigation of potential market abuse, including but not limited to Insider Dealing, Unlawful Disclosure, Market Manipulation, or Anticompetitive Conduct.
• Conduct investigation of compliance risk events or breaches. Oversight and check and challenge of corrective actions and preventative measures to avoid future occurrences.
• Implementation of compliance policies and procedures in line with regulatory requirements and ensuring that the bank's internal policies are aligned with international standards, including jurisdictional requirements.
• Collaboration with 1LOD, other relevant compliance teams, legal, and relevant risk management functions to facilitate a comprehensive approach to compliance and risk management.
• Identification, investigation, and oversight of potential money laundering, terrorist financing, or other financial crimes.

Director Expectations

• To manage a business function, providing significant input to function-wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage, and consult on multiple complex and critical strategic projects, which may be business-wide.
• Manage the direction of a large team or sub-function, leading other managers and embedding a performance culture aligned with the business values. For individual contributors, lead organization-wide projects and act as deep technical experts and thought leaders, identifying new ways of working and collaborating cross-functionally. Train, guide, and coach less experienced specialists and provide information affecting long-term profits, organizational risks, and strategic decisions.
• Provide expert advice to senior management and committees to influence decisions outside of own function, offering significant input to strategic initiatives.
• Manage resourcing, budgeting, and policy creation for a significant sub-function.
• Escalate breaches of policies/procedures appropriately.
• Foster and ensure compliance with regulations, with relevant processes in place to facilitate adherence.
• Monitor and influence external environment, regulators, or advocacy groups on behalf of Barclays when appropriate.
• Demonstrate extensive knowledge of how the function integrates with the business division/Group to achieve overall objectives.
• Maintain broad and comprehensive knowledge of industry theories and practices, and stay updated on sector and external market developments.
• Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/sensitive situations.
• Exercise management authority to make significant and strategic decisions within own area.
• Negotiate 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 leadership behaviors: Listen and be authentic, Energize and inspire, Align across the enterprise, Develop others. All colleagues should demonstrate Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, and embody the Barclays Mindset: Empower, Challenge, and Drive.

Person Specification

• Regulatory and compliance experience in a global, universal bank.
• Understanding of the global regulatory framework.
• Strong understanding and insight into Customer Protection risks and the wider regulatory landscape.

Essential Skills/Qualifications

• Understanding of financial services and ability to demonstrate thought leadership.
• Experience working with senior stakeholders.
• Partnering, influencing, and collaboration skills with stakeholders and peers.
• Strong written and oral communication skills, particularly regarding law and regulation matters and their application to business and client issues.

Preferred Qualifications

• Degree-level education and academic record preferred.
• Professional qualifications, certifications, and/or registrations relevant to compliance.