BBPLC - BOC - PBWM VP

Business and other advisory, communication and escalation:

• Provide day to day advice and check and challenge the business on all relevant matters including escalating significant matters promptly, providing additional information where requested, analysing/interpreting legal, regulatory and internal policy/procedure issues.

• Maintain regular communication/liaison with relevant senior management, business 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.

• Proactively lead the enhancement of the local compliance culture in the entity through a range of methods, including attendance at local business/other team meetings, training, engagement with local risk management, operations and front office staff, identification of and sharing best practices.

• Active involvement in the product approval procedure (from initial discussion stage to roll out of new products) and provide a holistic view on the product and help the business in determining an appropriate control and governance framework.

• Attend and contribute to local, regional and global team meetings/calls, helping identify and share best practices, and undertaking peer reviews.

• Attending to all regulatory compliance issues including focus on Investment and asset management related matters compliance advisory covering Investment advisory, Research ,PMS, AIF regulations governed by SEBI

Regulatory and other authority liaison:

• Liaise with and act as the point of contact for local regulators and local law enforcement agencies to resolve issues, including responding to requests for information.

• Managing regulators visits, audits and inspections.

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.

Governance

• Maintain regular communication/liaison with relevant senior management, business 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.

• Support periodic regulatory examinations and respond to regulatory inquiries and investigations

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

• Review new products proposed to be offered by various clusters in India via by being part of the New and Amended Product Approval management process to ensure conduct and regulatory risks are appropriately highlighted and addressed.

• To act as contact point for Compliance issues for Barclays Internal Audit reviews.

• Implement robust management reporting processes on all regulatory and policy matters internally, within Private Bank and to regulatory bodies, to ensure timely submission of regular and ad-hoc MI (including but not restricted to conduct risk MI) and input to Region, London, and to all local/other Compliance, Board or Committee reporting.

Required Skills set:

• In-depth knowledge and understanding of the regulatory requirements in India across the functional areas.

• Robust understanding of the various products and services offered by the Private Bank business cluster with focus on Investments and Asset management (PMS/AIF/ Investment Advisory/ Research) businesses

• Understanding of Gity city regulations will be preferred

• Preferred Post graduate qualification and relevant experience commensurate with VP role gained in the legal or compliance departments.

• 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 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.

Purpose of the role

To provide data-led expert oversight and check and challenge on business and compliance matters to evidence that the organisation is operating in a compliance with Barclays legal, regulatory and ethical responsibilities.

Accountabilities

• Identification and assessment of compliance risks through thorough reviews of business activities, changes, processes, testing and systems to.
• Identification and investigation of potential market abuse, including but not limited to, Insider Dealing, Unlawful Disclosure, Market Manipulation or Anti-Competitive Conduct.
• Conduct investigation of compliance risk events or breaches. Oversight and check and challenge of corrective actions and preventative measures to avoid future occurrences.
• Implementation of compliance policies and procedures in line with regulatory requirements and ensuring that the bank s internal policies are aligned with international standards, including jurisdictional requirements.
• Collaboration with 1LOD, other relevant Compliance teams and legal, and relevant risk management functions to facilitate a comprehensive approach to compliance and risk management.
• Identification, investigation and oversight of potential money laundering, terrorist financing or other financial crime.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• 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..
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.