Risk & Functions Chennai Director - 90226533
Primary Location:IN-Tamil Nadu-Chennai
Posting Range:22 Mar 2019 - Ongoing
BIA Director of risk and functions (finance, tax, treasury, hr, compliance and financial crime)
Reports to (Line Manager’s Job Title):
Drew Haigh, Director, Portfolio Manager Finance, Tax and Treasury
Direct Reports (if applicable):
Department/Function Level 1:
Functions - Finance, Treasury, Tax (FTT)
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Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-term sustainable returns.
Our two clearly defined divisions, Barclays UK and Barclays International, provide diversification by business line, geography and customer, enhancing financial resilience and helping to contribute to the delivery of consistent returns through the business cycle. We have a strong core business with exciting prospects, well positioned to deliver long-term value for our shareholders.
Consistent with the objective of delivering long-term sustainable value for all our stakeholders, we have developed our Shared Growth Ambition – our approach to citizenship and the sustainability of the business model we operate. The aim is to make decisions and do business that provides our clients and customers, and the communities which we serve, with access to a prosperous future.
The delivery of our strategy is underpinned by the energy, commitment and passion of our people, and we are clear on our common purpose: to help people achieve their ambitions, in the right way.
About Barclays Internal Audit
: Leaders in Assurance
Be Brilliant: Leading edge assurance; Leading edge people; Leading edge thinking
Be Impactful: In the business; In the community and in the profession
Be Agile: Be independent, a respected voice, innovative and efficient.
BIA aims to provide independent, reliable, valued, insightful and timely assurance to the Board and executive management over the effectiveness of governance, risk management and control over current and evolving risks, in the context of the current and expected business environment and in accordance with the international standards definition of internal auditing.
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.
Overall purpose of role
This role includes the responsibility to lead and manage audit assurance activities over all Functions (FTT, HR, Compliance, Financial Crime) and Risk audits and you will be an audit owner, delivering FTT and Risk audits. In addition to having line management responsibilities, this role also requires you to engage and represent BIA India internally and externally, including senior management and regulators. You will also be expected to teach and develop the audit skills of the team; ensuring the agile audit delivery approach delivers audits within the expected timeframes; embedding data analytics within our testing approach; developing and implementing innovative new practices and ideas within the team
Collaborate and support the FTT Global Portfolio Manager in defining and executing the BIA India Offshore FTT coverage strategy and audit plan for the team, taking into consideration current regulatory requirements, cyclical coverage and the resourcing levels within the team. Share the coverage strategy with the lead regulators, senior Finance, Risk & Audit Management and the Board Audit Committee, as required.
As audit owner, we expect this individual to take full accountability for audits over BIA India Functions and Risk audits and will be the person issuing the audit reports to the accountable executives.
Contribute to concise and insightful committee reporting, audit reporting and propose pragmatic remediation actions, relevant to the issues raised by BIA.
Attend relevant forums/committees across Barclays as an independent observer from BIA. Provide constructive challenge to senior management at such forums/committees.
Share knowledge with others across the team and function. Mentor and coach other team members, and provide constructive, open and timely feedback to support their personal and career development.
Strive to empower others to deliver on time and bring efficiency and enhanced quality to audit processes.
Develop and drive innovative new ideas and practices to enhance the department’s impact and productivity.
Build senior stakeholder relationships within Finance at the Group and Business Unit level.
Work collaboratively with the 1st and 2nd Lines of Defence to improve the control environment.
Partner with other BIA Business Unit and Functional teams in providing a robust coverage in Finance.
Be seen as a trusted advisor and SME within BIA.
Stakeholder Management and Leadership
Lead discussions with business management regarding audit observations and concerns, consult with relevant BIA colleagues, where applicable.
Play a proactive role in supporting the definition of risk profiles, work effectively with colleagues across BIA to ensure the BIA audit plan maximise resources.
Continually build long-term, quality independent relationships with a wide network of colleagues and external parties (e.g. regulators and external audit) and be seen as a respected voice.
Produce concise and insightful commentary and information for BIA wide reporting.
Deputise for others within BIA, as required at relevant control committee or forums within India.
Inspire and engage others to believe in the BIA vision. Demonstrate leadership behaviours, skills and capabilities as outlined in the BIA competency framework, and Barclays Leadership framework.
Work collaboratively to drive progress in the team, embedding the quality performance culture, development of new skills and role modelling of Barclays values and behaviours.
Mentor and coach others to be open, honest and reliable, provide constructive, open and timely feedback to support personal and career development of others to achieve their full potential.
Identify and develop talent and develop succession plans. Attract and retain the best people through taking part in activities inside and outside the organisation.
Share knowledge with others across team/function and promotes a culture of learning from mistakes.
Assign audit and line management responsibilities, direction and guidance to direct reports while maintaining an in-depth knowledge of activities in each area.
Seek to increase all aspects of diversity in their area through the decisions they make and the attitudes they promote, challenging the attitudes of others were necessary.
Decision-making and Problem Solving
Make decisions based on a broad range of factors, with Barclay’s values at the heart.
In making decision, take into account reputation of Barclays at all times, through positive interactions and following policy and process.
Set an example and drives fair and ethical behaviour in all colleagues.
Drive the position and brand of BIA within Barclays through senior level interactions and Audit Committees and relevant Risk and Control fora.
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.
Have experience of leading multi-location teams.
Extensive technical knowledge required to audit sophisticated Product Control and Finance areas.
Technical knowledge required to audit qualitative (Operational Risk) and quantitative (Market, Credit, Model and Treasury and Capital Risk) risk areas.
Have a firm grasp of a typical Investment Banking business model, understand how an Investment Bank (and its sub-businesses) make money and the principal/key risk impact of these businesses.
Have extensive audit experience, which includes executing audits from beginning to end.
Team player with excellent communication skills and ability to apply these skills to a range of audiences in a variety of circumstances, for example senior technical specialists and senior non-technical individuals.
Highly rational & logical thought process with a strong attention to detail and understanding of end-to-end Finance processes.
Strong understanding of the evolving regulatory environment and its challenges.
Proven track record of senior stakeholder management and regulators.
Desirable skills/Preferred Qualifications:
Professional qualifications (e.g. ACA, CPA, CFA, CIA, MIIA, ACCA, CISA, for audit roles or graduate degree).
Proven track record of high performance in previous roles to include senior stakeholder interaction.
Display willingness and initiative to learn and share knowledge.
Previous experience working in a Product Control and Finance functions.
Previous experience working in a Risk function.
Our Purpose, Values and Culture
Barclays has a single cross-business Purpose for Barclays and five core Values which underpin it.
Our Purpose is to create opportunities for people to rise- customers, clients, colleagues and society. Put simply this is the answer to the question ‘What is Barclays for?’ and it should guide our every action as employees.
Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. The values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our employees. Simply put, success is not just about what you achieve, but about how you achieve it.