Key Accountabilities
- Liaise with stakeholders across the three Lines of Defence to ensure efforts are aligned and complementary.
- Review activities undertaken by management to remediate control gaps and provide an opinion as to whether the risk has been fully mitigated and whether the implemented controls are sustainable.
- Identify and leverage appropriate data sources and data analytical techniques to deliver targeted testing.
- Extend the support towards implementation of the Functions Controls Assurance strategy to drive global consistency and improvements in risk awareness and risk management capability by developing a close and trusted relationship with key stakeholders, wherever required.
- Maintain an independent perspective, challenging as required and setting out quantified control options and risk decision recommendations.
Stakeholder Management and Leadership
This role requires maintaining proactive relationship with a selection of BI/BUK/BX and COO-Functions stakeholders. Key stakeholders include but not limited to Business stakeholders (Process and control owners), SOX teams, Barclays Internal Audit, External Auditor, and Group Finance etc.
Decision-making and Problem Solving
- The role holder will have a degree of independent thinking and decision-making authority, and ability to influence upwards
- Ability to work simultaneously on multiple activities and track actions and drive delivery
- Ability to identify trends and themes from problems and issues and make decisions and logical conclusions from analysing facts
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
- Awareness of Risk and Control.
- Understanding of control testing.
- Proactively identifies risks, issues and dependencies and can perform analysis on value at risk and mitigation options across a project.
- Analytical approach and proven ability to manage issues through to resolution.
- Strong interpersonal skills and ability to communicate effectively across a global team.
- Ability to successfully multitask and complete assignments with varying lead times.
- Self-starter & works independently.
Essential Skills/Basic Qualifications
- Knowledge of Controls and Analytical approach to problem solving
Desirable Skills/Preferred Qualifications
- Relevant academic qualifications (Bachelor's degree in Commerce or equivalent qualification in other streams)
- Knowledge of process re-engineering e.g. LEAN / DMAIC / Value Mapping would be beneficial, but is not essential
- Knowledge of the Functional and Operational risks
- Knowledge of data analytics tools and techniques
- Knowledge of Project Management and Change Management, proven through a relevant professional qualification e.g. Prince2, Project Management Institution would be beneficial, but is not essential
Purpose of the role
To partner with the bank, to provide independent insurance on control processes and advise on improvements to ensure the efficiency and effectiveness of the bank's internal controls framework.
Accountabilities
- Collaboration across the bank to maintain a satisfactory, robust, and efficient control environment through the execution of ad-hoc assessments and testing on the design and operational effectiveness of the internal controls, aligned to control policies and standards.
- Development of detailed test plans and procedures to identify weaknesses in internal controls and other initiatives aligned to the bank's control framework to mitigate any potential risks and issues, prioritised by its severity to disrupt bank operations, potential losses, and reputational impact.
- Communication of key findings and observations to the relevant stakeholders and business units to improve overall control efficiency and provide corrective actions to senior managers. Collaboration with other control professionals to resolve complex issues and ensure consistent testing methodologies across the bank.
- Development of a knowledge centre containing detailed documentation of control assessments, testing on design and operational effectiveness of procedures, findings, and the distribution of material on internal controls to train and upskill colleagues within the bank.
Analyst Expectations
- 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.
