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VP Legal Risk and Control

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Barclays

13d ago

  • Job
    Full-time
    Expert Level
  • Accounting & Tax
    Banking & Finance
  • London

AI generated summary

  • You must assess financial resilience, manage risks, develop capital strategies, ensure regulatory compliance, and foster stakeholder relationships while driving effective governance and controls.
  • You will develop stress testing methodologies, manage financial risks, assess capital position, orchestrate planning processes, track progress, ensure data quality, and oversee control environments.

Requirements

  • - Develop and implement the bank's financial plans and stress testing methodologies by assessing the bank's resilience under various economic scenarios.
  • - Development and implementation of stress testing methodologies and analysis of the results to identify potential vulnerabilities, assess capital adequacy, and inform risk mitigation strategies.
  • - Management of the bank's financial risks, including development and implementation of risk management strategies and communication of financial risks to relevant stakeholders.
  • - Analysis of the bank's capital position and assessment of its ability to meet regulatory capital requirements, development of capital management strategies to optimise capital utilisation and evaluation of the impact of capital allocation decisions on the bank's risk profile and financial performance.
  • - Orchestration of process cycles for the Planning and Stress Testing FTC and project managing delivery of the Planning Process and stress tests.
  • - Documentation of requirements prescribed by the Regulator, Process/Data Owner.
  • - Tracking and reporting cycle progress via P&ST Steer Co, POC, Working Groups and the workflow tool.
  • - Management of data, dataflows and data quality from contributors - input through to report submission.
  • - Management of BAU systems to enable a quick outcome and iterative generation of Capital or Funding plans and separately drive process reengineering initiatives.
  • - Ownership of the control's environment, standards, conformance, partnering with BIA to ensure the FTC meets its controls and governance objectives.
  • - 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.
  • - 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.

Responsibilities

  • Development and implementation of stress testing methodologies and analysis of the results to identify potential vulnerabilities, assess capital adequacy, and inform risk mitigation strategies.
  • Management of the bank's financial risks, including development and implementation of risk management strategies and communication of financial risks to relevant stakeholders.
  • Analysis of the bank's capital position and assessment of its ability to meet regulatory capital requirements, development of capital management strategies to optimise capital utilisation and evaluation of the impact of capital allocation decisions on the bank's risk profile and financial performance.
  • Orchestration of process cycles for the Planning and Stress Testing FTC and project managing delivery of the Planning Process and stress tests.
  • Documentation of requirements prescribed by the Regulator, Process/Data Owner.
  • Tracking and reporting cycle progress via P&ST Steer Co, POC, Working Groups and the workflow tool.
  • Management of data, dataflows and data quality from contributors - input through to report submission.
  • Management of BAU systems to enable a quick outcome and iterative generation of Capital or Funding plans and separately drive process reengineering initiatives.
  • Ownership of the control's environment, standards, conformance, partnering with BIA to ensure the FTC meets its controls and governance objectives.

FAQs

What is the main purpose of the VP Legal Risk and Control role?

The main purpose of the role is to develop and implement the bank's financial plans and stress testing methodologies by assessing the bank's resilience under various economic scenarios.

What are the primary accountabilities of this position?

The primary accountabilities include developing and implementing stress testing methodologies, managing the bank’s financial risks, analyzing the capital position, orchestrating process cycles for Planning and Stress Testing, managing data quality, and owning the control's environment and standards.

Who does the VP Legal Risk and Control collaborate with in the organization?

The VP collaborates with key stakeholders, including functional leadership teams, senior management, and other business aligned support areas.

What are the expectations for a Vice President in this role?

Expectations include advising stakeholders, managing and mitigating risks, demonstrating leadership and accountability, creating innovative solutions, and building trusting relationships with internal and external partners.

What skills are necessary for this role?

Skills necessary for this role include sophisticated analytical thought, interpretative thinking, the ability to assess risks, problem-solving capabilities, and strong influencing and negotiating skills.

Are there specific values that employees are expected to uphold?

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

Is experience in regulatory compliance important for this position?

Yes, experience in managing regulatory capital requirements and understanding of compliance standards is critical for this role.

What does the management of data involve in this role?

Management of data involves ensuring data quality, tracking data flows from contributors to report submission, and facilitating the iterative generation of capital or funding plans.

Will the VP need to manage the bank's financial risks?

Yes, managing the bank's financial risks, including developing and implementing risk management strategies, is a key responsibility of the role.

Is documentation and reporting part of the VP's responsibilities?

Yes, documenting requirements prescribed by the Regulator and tracking and reporting cycle progress are important parts of the role's responsibilities.

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.