Compliance Officer - Front Office Advisory

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Resource Solutions - Barclays
Published at:
flag_no United Kingdom
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About Barclays

Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.

Barclays Non Core division ( BNC ) groups together businesses and assets that are no longer considered strategically attractive to Barclays and that will be exited over time.

Compliance overview

Compliance at Barclays is located across 43 Countries with approximately 1500 employees. It oversees all compliance activities across Barclays, including all regions in which we do business. The world is changing and we need to too. We are making a paradigm shift to the way we operate, returning to the basics of ethical banking. Our vision is to become the Go-To Bank , to be the role model for the banking industry.

Along with our core values, we have introduced the balanced scorecard which will help us to measure our success against our Go-To vision, giving all our colleagues clarity around what they should focus their energy on.

Compliance is an independent second line of defence'. It is absolutely at the heart of the Barclays Go-To vision. We are on a journey to achieving this vision, where positive changes have already been realised.

We will act as the guiding light' for Barclays:

Being an independent control for the bank

Being a world class global compliance function

Driven by the skilled and empowered individuals in Compliance who are focused on doing the right thing

Reporting directly into the board and being a role model for the banking industry

Our drive for excellence is work in progress - it's about doing the best we can today and doing even better tomorrow. It's about being proud of our achievements and honest about the things that need to change. We are looking for people that have what it takes to make Barclays the Go-To bank.

People are a key component of the success of Compliance and are expected to play a central role in business decision-making, with the ability to lead and be a key component in complex projects. In taking proactive judgement, continuously challenging and anticipating risks compliance employees are the individuals that senior management of the firm significantly value as an essential contributor and partner when key decisions are being made.

The Compliance people strategy is focused on attracting, retaining and developing talented and capable employees by engaging them in fulfilling roles; in an environment that is empowering and rewarding. Individual career development is supported by an externally recognised Compliance Career Academy and underpinned by the right methodology and focus on internal mobility, reward, assessment and training.

Barclays is committed to creating an inclusive environment, where everyone's perspective is valued. Diverse teams bring varied opinions, skills, and experiences to the organisation. We believe this will help us make better decisions and deliver the best outcomes for our clients.

Main function of the job

Based predominantly on the trading floor, the successful candidate will be responsible for providing day-to-day compliance oversight and advice to the BNC business. The role will involve working closely with colleagues across Compliance, the Front Office and various infrastructure areas.

The BNC business is responsible for businesses and assets that are no longer considered strategically attractive to Barclays and that will be exited over time. The role will primarily focus on supporting the Asset Divestment businesses within BNC. Asset classes include Rates, FX, Credit, Commodities in addition to some Equities activity.

Main duties and responsibilities

  • Work as part of an integrated Global Compliance team to ensure proactive and risk-based compliance is delivered to relevant Front Office personnel;
  • Develop effective partnerships with the Front Office, Compliance partners and other infrastructure areas to ensure consistency of compliance advice to the business;
  • Interact with senior business heads in a professional and pro-active manner to ensure compliance risks are properly escalated, understood and addressed;
  • Assist in the development and roll-out of bespoke Compliance training programmes;
  • Assist with regulatory audits and respond to regulatory and exchange enquiries;
  • Conduct Verification Checks' for business consistency with Firm policies and procedures and regulatory requirements;
  • Produce management information for Compliance management and for supervisors in the business areas mentioned above.

Risk & Control Objective

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Barclays Operational Risk Framework and internal Barclays Policies and Standards.

Person/Role requirements

Professional/technical experience

  • Strong track record of successful performance in a front line advisory compliance role within an investment bank and/or in a Front Office role;
  • Good understanding of the UK and EU regulatory environment and relevant regulations;
  • Fixed Income, and in particular Rates, product knowledge is a distinct advantage;
  • Experience in developing policies and procedures, assessing conduct risk, identifying conflicts of interest and conducting investigations is desirable;
  • Must be competent in MS Applications, particularly Excel, PowerPoint and Word.
  • Candidate will have a strong educational background, to degree level or equivalent;
  • A relevant professional qualification such as compliance, legal, accountancy, investment trading/sales or operations will be advantageous.

Academic and professional qualifications

  • Candidate will have a strong educational background, to degree level or equivalent;
  • A relevant professional qualification such as compliance, legal, accountancy, investment trading/sales or operations will be advantageous.

Language skills

  • Fluent in English.

Personal attributes

  • Self-starter with the ability to meet and exceed deadlines, prioritise, multi-task and maintain flexibility in a fast paced, changing environment;
  • Strong team player able to work with staff from different teams and based in different locations;
  • Excellent oral and written communication skills and the ability to interact and work closely with senior business heads;
  • Ability to confront conflict and difficult issues in a professional, assertive and proactive manner while remaining sensitive to business needs;
  • Strong analytical skills, a flexible, consultative working style and the ability to drive change;
  • Quick thinker with the ability to understand complex transactions and explain compliance issues clearly and concisely.

We are an equal opportunity employer and we are opposed to discrimination on any grounds. If this position requires the person to be an Approved Person under the Financial Services and Markets Act 2000 (FSMA), disclosure of spent convictions within the meaning set out in the Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975 will be required