Unveiling the Role of Strategy and Cross Banking Compliance – VP
Barclays, a multinational financial services company headquartered in London, UK, is looking for a Vice President (VP) for its Strategy and Cross Banking Compliance department. The role is primarily based in New York and offers a competitive salary ranging from $145,000 to $200,000.
Purpose of the Role
The VP of Strategy and Cross Banking Compliance is expected to provide data-led expert oversight. The individual will be responsible for ensuring that Barclays operates in compliance with its legal, regulatory, and ethical responsibilities. This involves a detailed check and challenge on business and compliance matters.
Key Accountabilities
The key responsibilities of the VP of Strategy and Cross Banking Compliance include, but are not limited to:
- Identification and assessment of compliance risks through thorough reviews of business activities, changes, processes, systems, and testing.
- Implementation of compliance policies and procedures in line with regulatory requirements, ensuring that Barclays’ internal policies align with international standards, including jurisdictional requirements.
- Conducting investigations of compliance risk events or breaches and overseeing corrective actions and preventive measures to avoid future occurrences.
- Collaborating with other relevant Compliance teams, 1LOD, legal, and 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.
Vice President Expectations
As a VP, individuals must contribute to strategy, drive requirements, and make recommendations for change. They are expected to plan resources, budgets, and policies, manage and maintain processes, and deliver continuous improvements. They will also be accountable for managing risk and strengthening controls in relation to the work their team does.
If the position has leadership responsibilities, individuals 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. They should listen and be authentic, energise and inspire their team, align across the enterprise, and develop others.
As an individual contributor, they will be a subject matter expert within their discipline and will guide technical direction. They will lead collaborative, multi-year assignments, guide team members through structured assignments, and identify the need for the inclusion of other areas of specialisation to complete assignments.
VPs are expected to advise key stakeholders, including functional leadership teams and senior management, on functional and cross-functional areas of impact and alignment. They should also demonstrate a comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
Essential Skills and Qualifications
To be successful as a Strategy and Cross Banking Compliance – VP, candidates should possess:
- Knowledge of bank products, compliance frameworks, laws, and regulations.
- Project management skills and the ability to manage deadlines.
- Strong communication and stakeholder engagement abilities.
- Experience in strategic planning, governance, and executive support.
Highly valued skills include:
- Ability to analyze and interpret Policies, Standards or Regulatory rules and their impact on the business.
- Ability to represent and enforce compliance while considering the needs of the business.
Barclays expects all colleagues to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, and the Barclays Mindset to Empower, Challenge, and Drive.
More details about this job can be found Here.
This is a promising opportunity for those looking to make a significant impact in a leading financial institution. With the role’s comprehensive responsibilities and the chance to contribute to the company’s strategic goals, it presents a challenging yet rewarding career path.
