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BA4 - Banking Product Governance

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Barclays

11d ago

  • Job
    Full-time
    Mid & Senior Level
  • Banking & Finance
  • Chennai

AI generated summary

  • You need 4-6 years in Risk & Control in investment banking, strong knowledge of banking products, a finance postgraduate degree, and expertise in global regulations, Excel, PPT, and communication.
  • You will collaborate with stakeholders to enhance controls, identify weaknesses, create risk assessment reports, review internal controls, and ensure adherence to the Barclays Controls Framework.

Requirements

  • 4-6 years’ of work experience in Risk & Control function of an Investment Bank’s Banking division
  • Decent knowledge of Banking business & products
  • Qualification should be at least Post graduate in Finance (CA/MBA/FRM/CFA preferred)
  • Understanding of the Global regulatory landscape (Regulations like MIFID II, etc)
  • Operational Risk & Control Background and advance PPT & Excel knowledge
  • Able to work under pressure to meet a deadline
  • An expert with time management, prioritising tasks and able to meet deadlines
  • Able to coordinate with various teams to action items
  • Detailed and meticulous; high level of accuracy with low tolerance for error
  • Confident to escalate and articulate issues and elucidate reconciliation enhancements to senior stakeholders globally
  • Able to work as part of a high performing team
  • Strong written and verbal communication skills

Responsibilities

  • Collaboration with various stakeholders across the bank and business units to improve overall control effectiveness through detailed documentation of control assessments, procedures, and findings.
  • Identification and investigation of potential weaknesses and issues within internal controls to promote continuous improvement and risk mitigation aligned to the bank’s control framework, prioritised by its severity to disrupt bank operations.
  • Development of reports to communicate key findings from risk assessment including control weaknesses and recommendations to control owners, senior management, and other stakeholders.
  • Execution of reviews to determine the effectiveness of the bank's internal controls framework aligned to established and evolving policies, regulation, and best practice.
  • Implementation of adherence to the Barclays Controls Framework and set appropriate methodology of assessing controls against the Controls Framework.

FAQs

What are the essential skills required for the BA4 - Banking Product Governance role?

The essential skills include 4-6 years of work experience in Risk & Control, knowledge of banking business and products, a postgraduate qualification in Finance (CA/MBA/FRM/CFA preferred), understanding of global regulatory landscape, operational risk and control background, advanced PPT & Excel knowledge, and strong communication skills.

What type of experience is preferred for this position?

A preferred candidate will have experience in the Risk & Control function specifically within an Investment Bank's Banking division.

Is there a specific educational qualification required for this role?

Yes, candidates should have at least a postgraduate degree in Finance, with CA, MBA, FRM, or CFA being preferred qualifications.

What is the purpose of the BA4 role?

The purpose of the role is to assess the integrity and effectiveness of the bank's internal control framework to support the mitigation of risk and protect the bank's operational, financial, and reputational integrity.

What type of tasks will I be responsible for in this role?

Responsibilities include collaborating with stakeholders to improve control effectiveness, investigating potential weaknesses in internal controls, developing reports on risk assessments, executing reviews of the bank's internal controls, and ensuring adherence to the Barclays Controls Framework.

What are the expectations for analysts in this position?

Analysts are expected to impact related teams, partner with other functions, take responsibility for team outcomes, escalate policy breaches, advise on decision making, manage risk, and build a network of contacts within and outside the organization.

What values are expected from colleagues in this role?

Colleagues are expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, as well as embody the Barclays Mindset of Empower, Challenge, and Drive.

Will I need to collaborate with various teams in this role?

Yes, collaboration with various stakeholders and teams is a critical part of this role to improve overall control effectiveness.

What level of detail is required for work in this role?

The position requires a detailed and meticulous approach, with a high level of accuracy and low tolerance for error.

Are strong communication skills important for this role?

Yes, strong written and verbal communication skills are essential, especially for articulating issues and recommendations to senior stakeholders.

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.