PBWM Financial Crime Risk
Job Title:
PBWM Financial Crime Risk (Europe)
Corporate Grade:
AVP
Reports to (Line Manager’s Job Title):
PBWM Financial Crime RiskManager (Europe) – VP
Direct Reports (if applicable):
0
Business Area:
Barclays International
Department/Function Level 1:
Private Bank & Wealth Management
Department/Function Level 2:
Financial Crime
Primary Location:
Geneva
Contractual Legal Entity – Please refer to link below for legal and regulatory requirement.
https://confluence.barcapint.com/display/COOSRVCOSM/Strategic+Projects
BBPLC
Role Profile Attestation
The content of this role profile is relevant for the role in question
Name of reviewer:
James Pitkin
Role of reviewer:
Director, PBWM Head of Financial Crime Risk
Date of review:
May 2024
Barclays Overview
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.
We are an equal opportunity employer and we are opposed to discrimination on any grounds.
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.
BBPLC – All locations
We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Please discuss the detail of the working pattern options for the role with the hiring manager.
About Private Bank and Wealth Management
Barclays Private Bank and Wealth Management (PBWM) has combined to create the biggest wealth franchise of all the UK banks. The business offers a complete wealth journey: from people taking their first step of wanting to invest, right up to ultra-high net-worth individuals, their families and businesses, corporates and charities, and everything in-between.
With 330 years of experience, we surround clients with a team of trusted advisers and specialists who draw on the expertise they need to connect clients to insights and opportunities from across the Barclays Group. Based on our deep understanding of them, their families and businesses, we tailor opportunities to support our clients’ unique ambitions enabling them to invest in the future, and influence tomorrow with confidence.
About PBWM 1LOD Financial Crime Risk
The PBWM Financial Crime (FC) Risk team, positioned within the Trading Entity, manage FC risk for the PBWM business. The team supports the business through Subject Matter Expert (SME) engagement and oversight of FC related processes, operating FC governance, ensuring process alignment to Group standards, and providing FC Risk guidance on client appetite.
The team provide SME FC support to Front Office colleagues throughout the client lifecycle. The team is responsible for establishing and implementing governance frameworks, monitoring key risk indicators, providing advice and training, and ensuring compliance with relevant regulations and standards.The team also maintain Client Due Diligence procedures (and other FC-related business level procedures) and the PBWM FC Risk Appetite Statements.
The team lead on key FC-related programmes of work facing off to the wider Barclays Group, driving deliverables and enhancements for the FC control environment.
Overall purpose of role
The Financial Crime Risk role supports the maintenance and continuous improvement of the Financial Crime control environment of PBWM. This control environment specifically targets Money Laundering, Bribery & Corruption, Tax Evasion Facilitation and Sanctions risk to manage the Financial Crime risk to the business. The Role holder will work closely with Financial Crime Business Oversight Compliance, BX Shared Services, wider internal & external stakeholders to ensure PBWM is fully compliant with both the letter and spirit of Regulation, internal Standards and Policy, aligning to the central Barclays Financial Crime Target Operating model. The role will be based in Geneva, to ensure 1st Line Business representation in Europe, working with local business and support teams, whilst engaging with the wider FC Risk team based in London to ensure alignment on key activities and a consistent global approach to managing the FC control environment.
Key Accountabilities
Areas of coverage may include:
- Anti-money laundering risks (AML)
- Anti-Tax Evasion Facilitation risks (ATEF)
- Anti Bribery & Corruption risks (ABC)
- Sanctions risk (SAN)
- Know Your Client (KYC)
- Financial Crime Risk Appetite and Financial Crime Risk Methodology (FCRM)
- Financial Crime investigations and Financial Crime Exits
- Financial Crime Key Risk Indicators reporting
- Oversight and governance of High risk and PEP client’s reviews
- Oversight and maintenance of Financial Crime procedures including On-boarding and On-going Review Standards
- Risk dispensations and approvals related to Financial Crime matters
- Project Jeremiah – Barclays Financial Crime transformation programme
Stakeholder Management and Leadership
- Financial Crime Risk are expected to build and maintain effective relationships with key Stakeholders, they must be able to take the initiative and effectively partner and collaborate across the organisation.
- They will also work within a team but maintain the ability to work on their own, so they must be a strong team player and a self-starter.
- The Financial Crime Risk AVP does not have any direct leadership accountability, but is expected to be able to exert influence on colleagues and contacts in order to secure positive outcomes for clients and for the business.
Decision-making and Problem Solving
- Financial Crime Risk is expected to be able to apply analytical reasoning and judgement to solve problems and deliver the highest levels of support to colleagues and stakeholders in the management of Financial Crime risks and issues.
- They must be capable of employing appropriate resources to drive continuous improvement and innovation.
- In this role they must make informed, transparent decisions and consider the broader/longer term implications.
Risk and Control Objective
Promote a strong Risk & Control agenda to all colleagues, including those outside of direct management lines. 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
- The Financial Crime Risk AVP role requires the successful candidate to ideally have experience of other risk management/compliance roles.
- The ideal candidate will have had exposure to the 1st line of defence at a large scale organisation.
- The ideal candidate should be able to demonstrate evidence of successful experience of working with others in varying roles in an organisation.
Essential Skills/Basic Qualifications:
- Good time management with a proactive approach to planning and organising, and can take direction well from others.
- PC literacy is mandatory as is strong oral & written communication and the ability to present – ideally with the ability to communicate multilingually given stakeholder engagement.
- Strong analytical skills and ability to prioritise is essential as well as a need for thoroughness and ability to work to deadlines.
Desirable Skills/Preferred Qualifications:
- Experience of working in Europe, and the European market, would be highly desirable – particularly if that has involved financial crime or risk/control.
- Experience of working in a risk/control, quality control or audit environment including working with and interpreting risk, compliance and operational procedures.
- Strong knowledge and experience of Financial Crime regulation and applicable rules, policies, standards and procedures.
- An understanding of Private Bank and/or Wealth Management businesses is desirable.
Purpose, Valuesand 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.
Unrestricted
For further information about Barclays, please visit our websitewww.home.barclays
We are an equal opportunity employer and we are opposed to discrimination on any grounds. If this position requires the person to be an Approved Person under the Financial Services and Markets Act 2000 (FSMA), disclosure of spent convictions within the meaning set out in the Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975 will be required.
This document is for information purposes only. It does not impose contractual obligations or confer benefits. It is not intended to be part of a contract of employment or contractually binding
