AVP, Model risk Conformance

About the Role

The Conformance Review Team is part of the Risk Assurance team in the Second Line of Defence. The team's objective is to conduct a programme of independent reviews ensuring areas of the business identified by an annual risk profiling exercise are adhering to the Enterprise Risk Management Framework (ERMF) through a series of Policies and Standards across each Principal Risk. Additional reviews can be requested by the Group Chief Risk Officer, Chief Risk Officers of the legal entities, and the Head of Risk Services.

Purpose of the Role

To oversee that the bank operates in adherence to established framework, policies, and standards, laws, rules, regulations, and internal controls.

Key Responsibilities

• Support the Head of Conformance in the day-to-day management and execution of Conformance Reviews based on the agreed annual (or updated where applicable) Conformance Review Plan.
• Analysis of processes, transactions, and activities across various business units to assess adherence to policies, regulations, and internal controls.
• Interviews, documentation review, and data analysis to gather evidence of compliance.
• Identification and reporting of deviations or non-conformities, documenting findings and recommendations for corrective action.
• Analysis of the effectiveness of existing controls and recommend enhancements to strengthen the control environment.
• Advise and influence decision making, contribute to policy development, and take responsibility for operational effectiveness.
• Collaborate closely with other functions/business divisions.
• Lead a team performing complex tasks, using well-developed professional knowledge and skills to deliver on work that impacts the whole business function.
• Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives, and determination of reward outcomes.
• If the position has leadership responsibilities, People Leaders 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. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• For an individual contributor, lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. Identify new directions for assignments and/or projects, identifying a combination of cross-functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and develop new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organization sub-function.
• Collaborate with other areas of work, for business-aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practices (in other areas, teams, companies, etc.) to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

Requirements & Tech Stack

• Model Risk
• Risk Policies, Standards, Procedures, Documentation and Controls
• End-to-end risk portfolio management
• Regulatory policy requirements
• Business Management Conformance review
• Team working

Qualifications

• Working experience in Model Risk.
• Understanding of Risk Policies, Standards, Procedures, Documentation and Controls.
• Experience/knowledge of end-to-end risk portfolio management.
• Understanding of Regulatory policy requirements.

Desirable Skillsets/Good To Have:

• Model Risk/ Internal Audit background
• Knowledge of the Group Risk structure
• Good knowledge of the legal entities and transaction cycles that make up the Barclays Group
• Good knowledge of the Financial Services Regulatory environment

This role will be based out of Gurugram/Noida.