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AVP Assurance

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Barclays

4d ago

  • Job
    Full-time
    Senior & Expert Level
  • Business, Operations & Strategy
    Banking & Finance
  • Pune

AI generated summary

  • You should have a relevant degree, knowledge of risks, data analytics, project management, and corporate banking, plus strong analytical and communication skills.
  • You will liaise with stakeholders, review control activities, analyze data for testing, support control strategy implementation, and maintain an independent perspective on risk management.

Requirements

  • Relevant academic qualifications (bachelor’s degree in commerce or equivalent qualification in other streams)
  • Knowledge of process re-engineering e.g. LEAN / DMAIC / Value Mapping would be beneficial, but is not essential.
  • Knowledge of the Functional and Operational risks
  • Knowledge of data analytics tools and techniques
  • Knowledge of Project Management and Change Management, proven through a relevant professional qualification e.g. Prince2, Project Management Institution would be beneficial, but is not essential.
  • Knowledge of Corporate Banking and Cards Business (Credit Cards as well as Debit Cards)
  • Awareness of Risk and Control.
  • Understanding of control testing.
  • Proactively identifies risks, issues and dependencies and can perform analysis on value at risk and mitigation options across a project.
  • Analytical approach and proven ability to manage issues through to resolution.
  • Strong interpersonal skills and ability to communicate effectively across a global team.
  • Ability to successfully multitask and complete assignments with varying lead times.
  • Self-starter & works independently.
  • Knowledge of Controls and Analytical approach to problem solving

Responsibilities

  • Liaise with stakeholders across the three Lines of Defence to ensure efforts are aligned and complementary.
  • Review activities undertaken by management to remediate control gaps and provide an opinion as to whether the risk has been fully mitigated and whether the implemented controls are sustainable.
  • Identify and leverage appropriate data sources and data analytical techniques to deliver targeted testing.
  • Extend the support towards implementation of the Functions Controls Assurance strategy to drive global consistency and improvements in risk awareness and risk management capability by developing a close and trusted relationship with key stakeholders, wherever required.
  • Maintain an independent perspective, challenging as required and setting out quantified control options and risk decision recommendations.

FAQs

What is the primary purpose of the AVP Assurance role?

The primary purpose of the AVP Assurance role is to partner with the bank to provide independent assurance on control processes and advise on improvements to ensure the efficiency and effectiveness of the bank’s internal controls framework.

What qualifications are preferred for this position?

Relevant academic qualifications such as a bachelor’s degree in commerce or an equivalent qualification are preferred. Knowledge of process re-engineering, functional and operational risks, data analytics tools, and project/change management through relevant professional qualifications are also desirable but not essential.

Who are the key stakeholders that the AVP Assurance will engage with?

The AVP Assurance will engage with various stakeholders including business stakeholders (process and control owners), SOX teams, Barclays Internal Audit, External Auditors, Group Finance, and COO-Functions stakeholders.

What skills are essential for the AVP Assurance role?

Essential skills include knowledge of controls, an analytical approach to problem-solving, strong interpersonal skills, the ability to multitask, and the capability to work independently as a self-starter.

Is knowledge of Corporate Banking and Cards Business necessary for this role?

Knowledge of Corporate Banking and Cards Business (including Credit and Debit Cards) is preferred for this role but not explicitly stated as essential.

What is the expected approach to risk and control within this role?

The role demands an awareness of risk and control, including an understanding of control testing and the ability to identify risks and perform analysis on mitigation options across projects.

Are there opportunities for professional development and training in this position?

While specific training opportunities are not mentioned in the job description, the emphasis on knowledge of various methodologies suggests opportunities for professional development may exist.

What does the role entail in terms of decision-making and problem-solving authority?

The role holder will possess a degree of independent thinking and decision-making authority, with an ability to influence others and make logical conclusions from analyzed facts.

What is the significance of compliance in the AVP Assurance role?

Compliance is crucial as the role requires ensuring that all activities and duties are carried out in full compliance with regulatory requirements, the Enterprise Wide Risk Management Framework, and internal Barclays Policies and Policy Standards.

What values and mindset are expected from all colleagues at Barclays?

All colleagues are expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, along with the Barclays Mindset which includes Empowering, Challenging, and Driving behavior.

Barclays

Finance
Industry
10,001+
Employees
1690
Founded Year

Mission & Purpose

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.