Barclays - Manager - Finance Governance & Control

Barclays moves, lends, invests and protects money for customers and clients worldwide. Please visit our website here for more information.

The team is involved in the Governance, Monitoring and Reporting activities to manage the Control environment in Barclaycard Financial Controls.

Overall purpose of role :

- The core responsibility of an Assistant Manager is to plan and execute audit assignments in accordance with the Barclaycard Financial Controls SOX / QA / Health Check / Special testing plans and aligned to relevant policies, procedures and quality standards providing assurance to Senior Management that the processes and controls within Barclaycard Financial Controls are effectively designed and operating to mitigate the identified risks.

- This also involves significant testing of manual controls, automated business controls and assessment to ensure that the General Computer Controls provide the appropriate IT security and control environment. In addition the role involves liaison with internal and external auditors and compliance contacts.

- The jobholder aims to establish, and continually develop, the Operational Risk Management and Compliance Function for Barclaycard Financial Controls.

This will include :

- Supporting Barclaycard Financial Controls Executive in the identification, assessment, management and profiling of operational risk.

- Undertake all activities to ensure Barclaycard Financial Controls are compliant with Group risk management policies and framework.

- Ongoing maintenance of operational governance and controls.

- Maintain and co-ordinate the Business Resumption Plan (non IT) for both sites and co-ordinate the overall plan (including IT). Ensure co-ordination with operations as required.

- Team leading (as applicable)

Key Accountabilities and Skills required :

This section should include :

Key specific accountabilities. :

Risk & Control Assessment (RCA) :

- Participate and provide inputs for RCA Planning.

- Risks and controls identification.

- Provide expertise on RCA Policy and Operational Risk Framework during the walkthrough and RCA workshop for control and process design changes.

- Drafting the changes to RCA.

- Completing documentation and filing.

- Updating manager and Barclaycard Financial Controls team with progress and issues

- Maintaining awareness of SOX and OR issues, risk events and changes across Barclaycard Financial Controls

- Building relationships with Barclays Finance Noida staff.

- Ensure corrective actions and timings to be taken as a result of assessments are agreed and that actions are completed within agreed time limits to an acceptable standard.

- Periodically provide appropriate and substantiated assurances to management that Barclaycard Financial Controls operations are under control from both risk and service delivery perspectives and where this is not the case, that corrective action is in progress and that suitable controls have been installed.

Testing :

- Participate in Annual Planning for testing of all SOX and Key Operational Controls.

- Conducting/performing the tests including fieldwork for Design Effectiveness Assessment (DEA) and Operational Effectiveness Testing (OET)

- Concluding the test results and discussion of findings with control and process owners.

- Monitoring actions on recommendations on timely basis.

- Ensuring the required issues has been raised.

- Handling queries from Barclays Finance Noida -Business Units.

Operational risk and compliance activities :

- Manage the day to day relationship between Barclays Finance Noida and RBB Control and Governance.

- Manage all of the Barclays Finance Noida reporting processes in relation to Operational Risk, including Key Risk Scenarios, issues, Risk Event Reporting, Risk Assessment model risk reporting and Group models database management and Turnbull attestations.

- Ensure that the Operational Risk processes and procedures are and remain fully compliant with Barclays Operational Risk's policies and guidelines (including Barclays Finance Noida risk event activity, key indicator setup and monitoring)

- Undertake risk event management

- Deliver the annual Barclays Finance Noida schedule of Risk Assessments

- Monitor and follow up on action points on the Barclays Finance Noida Consolidated Actions Tracker (CAT).

- Ensure that the tools, processes and procedures used for the execution of Barclays Finance Noida Operational Risk framework are fit for purpose.

- Undertake sharing of information and drive best practice across Barclaycard Financial Controls and offshore to improve performance in all aspects of Compliance management, control and governance (including portal page).

Manage Barclaycard Financial Control compliance with various Group policies including:

- Barclays Financial Control documentation controls

- Management of audit findings

- Data privacy, records management, information management

Risk acceptance and dispensation :

- Act as a Records Management Coordinator for Barclaycard Financial Control.

- Manage the delivery of Barclaycard Financial Control key governance initiatives and maintain an integrated communications plan for Barclaycard Financial Control covering these

- Ensure timely roll-out of changes to generic controls.

- Manage the delivery of appropriate governance training across Barclays Finance Noida to ensure the embedding of the risk and controls culture within the departments.

- Set up and manage the annual programme of SOx walkthroughs

- Ensure that any SOX related issues are recorded and issue assessment evaluations are carried out in line with Group methodologies

- Monitor and advise on detailed operational process map changes to ensure compliance and alignment with controls and Group SOx system

- Monitor procedure amendments to evaluate potential impact on SOx controls and ensure alignment with Group SOx system

- Monitor and follow up on SOx related action points and remedial work

- Undertake ad hoc and project activities to support risk, governance and control developments

- Produce necessary MI with value add commentary

People Management (as applicable) :

- Lead and motivate staff in own team and ensure staff are effectively employed

- Provide direction and support to own direct reports, to enable them to perform their roles to the highest levels of effectiveness.

- Hold regular team meetings and one-to-one sessions with own staff, and keep them fully informed of developments within the Barclays Finance Noida

- Create and maintain a culture of empowerment and professionalism within the team. Builds a team focused on delivering excellence.

- Identify individual and team development needs by regularly monitoring performance, providing coaching and arranging training.

- Establish a coaching culture, regularly having one-to-one coaching sessions with direct reports, focusing on task and behavioural issues.

- Develop and implement training and succession plans.

- Ensure effective allocation and utilisation of staff across the processes under own control

- Develop, monitor and review plans for own area and ensure that appropriate resources are in place to meet current and anticipated workloads.

Knowledge management :

- Improving technical knowledge through self-learning or training including mandatory CPE requirements.

- Knowledge sharing with Barclaycard Financial Control colleagues and peers in the business.

- Creating awareness of SOX and Risk framework within Barclays Finance Noida.

Stakeholder management :

- Finalises allocated work and identified issues promptly with Barclaycard Financial Control staff.

- Builds effective relationships with Barclaycard Financial Control staff.

- Manages senior and/or challenging Barclaycard Financial Control staff.

- Keeps stakeholders (including BIA) up-to-date with the progress of the audit work.

- Effectively and appropriately manages work load, prioritising as appropriate.

- Works effectively in a team.

- Communicates clearly and efficiently across team, peer groups, Barclays Finance Noida and BIA.

- Builds effective relationships with peers and subordinates and superiors.

- Works collaboratively across clusters/functions.

Decision making and problem solving. :

- Identify the process and control effectiveness (design and operating) at the time of DEA/OET

- Engage with process owner, control owner or delegates to agree the issue and action plans if there are failures

- Risk and Control: All Barclays colleagues have to 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

Your Skills and Qualifications will include :

- Audit experience with big4 Consulting firms

- Relevant professional qualifications (Accountancy qualification)

- Experience in risk based auditing or risk/control activities

- Experience in audit supervision and management.

- Previous direct (hands-on) experience in auditing complex financial services organisations, including finance functions, consolidations and financial planning and budgeting processes.