Regulatory Capital Rules Oversight, Director

3 weeks ago

London, UK, United Kingdom Barclays Full time

The role sits within the Treasury and Capital risk function. The role-holder will provide Risk (Second Line of Defence) oversight and challenge to the interpretation and application of regulatory capital and liquidity rule requirements. The role-holder will establish an approach for the oversight and governance of these requirements working with Risk colleagues to develop strong relationships with regulators and provide effective challenge over interpretation and application of regulatory requirements by Finance. Activities include:

Key Accountabilities

  • Close and effective engagement with lines of business, Risk and Finance and other key stakeholders on regulatory capital and liquidity priorities
  • Regular representation at senior management committees, and supporting regulatory and Board engagements
  • Lead 2LOD review and challenge of proposals based on independent assessment of appropriate treatment under relevant regulations

Stakeholder Management and Leadership

As part of the mandate of the team, the role involves interaction with senior stakeholders both internally within Risk, the Business, Finance, Legal, RIS, Regulatory Relations and controls teams, as well as externally with regulators. The role-holder will need to have regard to the high standards expected in managing engagements with regulators; including ensuring the timeliness and accuracy of regulatory submissions and communications.

Decision-making and Problem Solving

The role requires excellent judgement and analytical skills, with the ability to review, interpret and challenge a range of complex transaction proposals and regulatory requirements. This requires the ability to assess detailed technical aspects of risk and capital management, detailed understanding of regulations in order to and ability to consider new proposals and transactions from a broader Risk perspective. Strong judgement, communication and organisation skills are also required to be able to engage with key stakeholders and establish an effective oversight regime.

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.

Purpose of the role

To provide oversight of prudential regulatory compliance across in relation to our advanced Model permissions and 2nd LoD review and challenge of regulatory rule that impact regulatory capital and liquidity returns.

Accountabilities

  • Advising on Regulations; owning the interpretation of specific parts of the Prudential Rulebook, and escalation for queries relating to prudential regulatory compliance.
  • Communication of key Regulatory themes to senior Risk management including (i) concerns raised by regulators, (ii) themes and areas of focus arising through meetings and communications; and (iii) guidance on regulator expectations.
  • Management of internal governance for adherence to regulatory permissions through oversight of Risk owned Permissions and maintenance of a central Permissions library.
  • Coordination, review and challenge of the Model and Rating System Applications/Notifications; Drives delivery of certain Risk-led regulatory deliverables, providing robust review and challenge of constituent parts provided by internal stakeholders.
  • Provision of comprehensive, accurate and consistent information to Regulatory supervision teams, supporting Risk in providing transparent communication with regulators via face to face meetings, regulatory letters or applications; and tracking and delivering commitments to regulators.

Director Expectations

  • Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
  • Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
  • Escalates breaches of policies / procedure appropriately.
  • Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
  • Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
  • Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
  • Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
  • Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
  • Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
  • Negotiate with and influence stakeholders at a senior level both internally and externally.
  • Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
  • Mandated as a spokesperson for the function and business division.

All Senior 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.

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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