VP Sanctions Compliance Lead
- Barclays
- 9 - 15 years
- Pune
- 2 months ago
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Job Description
Join Barclays as VP Sanctions Compliance Lead where you'll provide first class support to the Sanctions Compliance team in either the UK or US regionAt Barclays, we're not just evolving we're leading the way
You will have the opportunity of guiding a team of people to manage the overall management of sanctions risk by providing guidance and input to critical or technically complex business initiatives
Your role will have the responsibility of building good partnerships with the business partners, supporting first line of defense operational areas in ensuring compliance with Sanctions Policy, monitoring controls associated with sanctions and promoting a culture of risk control across the business and Financial Crime
To be successful in this role, you should have,
Experience in understanding of laws, regulations, regulatory expectations and industry best practice
Experience leading teams within Financial Services
Excellent English written and verbal communication skills
Sound judgement, excellent attention to detail and the ability and confidence to make recommendations on business-critical decisions
Good organizational, planning, prioritization and problem-solving skills, with the ability to multi-task and demonstrate flexible thinking
Ability to interact at all levels of the organization, including distilling complex issues to clear and concise briefings for senior management
Comprehension of materiality of issues and their potential reputational and regulatory impact, with a clear understanding of when to escalate and to what level
Some Other Highly Valued Skills May Include
Excellent understanding of OFAC, HMT, EU, and UN sanctions laws, regulations, regulatory expectations and industry best practice
Experience in providing legal advice on different areas of law or regulation
An interest in politics and its effect on global regulatory environment
Solid understanding of the Barclays Group/Business Units and its major customer/payments processing systems
You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills
This role is based in our Noida office
Purpose of the role
To identify and conduct the appropriate analysis and due diligence on Sanctions alerts to ensure the appropriate action is taken against customers and payment activity as defined by the Sanctions Standards and Restricted Activity Matrix, ensuring that the organisation adheres to all applicable sanctions laws and regulations and internal governance, such that client accounts are not held and transactions are not processed in breach of application laws and regulations
Accountabilities
Understanding the objectives of the Global Sanctions Function and the control frameworks and embed a culture of compliance with sanctions
Revision of escalated cases and confirm a True Match in line with regulations/policy accurately and in a timely manner, feeding back on instances of incorrect escalation
Management and provision of guidance in the completion of complex sanctions investigations, ensuring that matters are correctly managed and follow appropriate escalation routes, while involving the relevant stakeholders early and fully
Due diligence on Payment Screening alerts to determine the appropriate treatment and next steps for the payment in line with documented procedures following the defined governance process and approvals as required
Escalation of Customer Screening True Matches to appropriate Business Aligned Sanctions Team for assessment
Identification of opportunities to drive efficiencies in the alert management process and feed these back to the appropriate team(s) to implement
Vice President Expectations
Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment
Manage and mitigate risks through assessment, in support of the control and governance agenda
Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does
Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business
Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies
Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives
In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions
Adopt and include the outcomes of extensive research in problem solving processes
Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes
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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Job Classification
Industry: Financial ServicesFunctional Area / Department: Legal & RegulatoryRole Category: Legal & Regulatory - OtherRole: Legal & Regulatory - OtherEmployement Type: Full timeContact Details:
Company: BarclaysLocation(s): Pune+ View Contact
Keyskills: law compliance writing regulatory ent ofac governance
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