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Job Title: India Business Oversight Compliance VP

Location: Mumbai

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

Take ownership for managing risk and strengthening controls in relation to the work you do.

Working Flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs

Hybrid Working

Structured hybrid role: 

At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

Introduction:

The primary responsibility of this role is to manage the day to day compliance responsibilities and work closely with the local, regional and global teams on compliance related matters pertaining to the Bank as well as local regulatory requirements

What will you be doing?

Functional – The role will be split across the following areas: 

1) Business Oversight Compliance – Corporate Bank, Private Bank and Investment Bank for India Bank Branch 

 Assist the business in interpreting and implementing regulations issued by Reserve Bank of India (RBI), Securities Exchange Board of India and sectoral Self-Regulatory Organizations

 Lead the compliance coverage responsibility primarily for Corporate Bank, Private Bank and Investment Bank

 Partner with other Compliance teams to provide robust coverage depending on product area 

 Advice that relevant policies and procedures are embedded to meet Group and local regulatory requirements and to review such embedment on a periodic basis

 Partner with senior members of the business on real-time issues to ensure that banking practices remain compliant with existing regulatory requirements

 Initiate and lead the Bank’s engagement with the Regulators with regards to policy decisions and providing them with Industry feedback

2) Country Compliance 

 Support the team for managing the relationship with Reserve Bank of India (RBI)

 Proactive involvement in the onsite Regulatory inspections and ensure smooth delivery of RBI expectations

 Design and monitor second line of defence testing on conduct risk controls as embedded by the first line of defence as well as any other conformance testing and Compliance Monitoring / Risk assessment required by RBI and Group Policies across business clusters

 Escalate and keep regional management informed on Compliance matters

 Perform Verification checks in line with the group requirements

 Work closely with other team members to ensure complete adhere to specific regulatory requirements

3) Governance 

 Be one of the key stakeholder with regulators including interaction , engagement and working on policy initiatives with regulators 

 Maintain regular communication/liaison with relevant senior management, business heads and others to ensure that they are aware of the business and regulatory risks, including advising them of significant policy matters, regulatory changes, audits and inspections and breaches, if any.

 Lead responding to regulatory inquiries and investigations pertaining to banking matters 

 Lead implementation of new regulatory initiatives, develop and create written policies and procedures to ensure compliance with applicable regulations, communicate regulatory requirements to front office, including training. 

 Review new products proposed to be offered by various clusters in India by being part of the New Product Approval Management process to ensure regulatory risks are appropriately highlighted and addressed

4) Assurance oversight

 Ensure that there is a robust monitoring and oversight in place to verify the effectiveness of controls, policies and procedures as they relate to the local business, using both local and central resources.

 Work closely with the Compliance Assurance team to identify areas which require enhanced monitoring and testing.

 Work with local business(es) to address issues identified.

5) Training

 Ensure that appropriate compliance induction, annual refresher, and other topical training is delivered locally/centrally and completed by all staff within agreed timeframes, to include producing or sourcing (e.g. from the central team) the material as required, and ensuring that completion records are maintained locally/centrally.

 Develop and deliver specific regulatory training locally, according to identified risks.

6) Team Management

 Develop talent within the team and provide regular feedback and coaching 

 Consistently facilitate constructive functional and personal development of others

 Provide leadership/mentoring to junior members of the team 

 Contribute to local, regional and global Compliance department, including outside of specific sub-function

What we’re looking for:

 In-depth knowledge and understanding of the regulatory requirements across the functional areas. 

 Robust understanding of the various products and services offered by a Scheduled Commercial Bank with focus on RBI regulatory framework

 Post graduate qualification (CA/CS/MBA) and relevant experience commensurate with AVP role gained in the legal or compliance departments of an international investment bank or large domestic institution.

 Strong knowledge of Indian business environment.

 Ability to work closely with other functions to find both technical and procedural solutions.

 Quick thinker with ability to understand complex transactions and explain compliance issues clearly and concisely.

 Ability to learn quickly.

 Ability to take independent decisions and guide business as well as to handle areas of difference with business and escalate.

 Detail oriented, strong team player with a proven track record.

 Commercial Effectiveness: Including client and conduct focus and commerciality.

 Control Environment: Including risk management.

 Business Skills: Including delivery of solutions and decision making.

 Management & Leadership: Including people development.

 Personal & Interpersonal Skills: Including communication, influence and collaboration.

 Technical Knowledge.

Skills that will help you in the role:

 Prior experience in a Bank in India and strong knowledge of the regulatory environment in India

 Ability to check and challenge Business on matters pertaining to Conduct Risk

Where will you be working?

Mumbai

Be More at Barclays

At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.

Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

Purpose, Values and Mindset

We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect

We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.

Integrity

We operate with honesty, transparency and fairness in all we do.

Service

We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.

Excellence

We champion innovation, and use our energy, expertise and resources to make a positive difference.

Stewardship

We prize sustainability, and are passionate about leaving things better than we found them.

Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.

Empower

Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.

Challenge

Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.

Drive

Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.

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Confirmed 19 hours ago. Posted a month ago.

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