Basel IV Assurance Lead - VP

Posted Sep 7, 2023
Project ID: BCLYJP00036611
London, Greater London, Hybrid
35 hrs/week
6 months
Payrate range

Location: London Hybrid working - 2 days per week in the office, 3 days per week working from home

Length: 6 months (potential to extend)

PAYE only 

Overall purpose of the role:

The area you will work in is capital reporting. We are looking to build up an assurance team. 

The primary purpose of this role is to help establish the assurance activities that need to be undertaken on Basel IV delivery for both our EBA and PRA entities. 

Working with key stakeholders across the bank, you will be required to have the correct technical interpretations provided by our policy contacts and ensure these are being implemented accordingly.

You will also be involved in re-performance testing on regulatory calculations and providing assurance on the outcomes provided by the first line production teams.

Key Accountabilities: 

  • Co-ordinating the interpretations from Policy in a timely manner and ensuring SMEs have these in their implementation plans for deliveries. This will cover all risk types.

  • Help interpret calculation in the PRA CRR and EBA CRR3 and working with IT to help develop tools that will enable independent calculation testing. A good background in understanding the rules and applying these practically will be essential.

  • Fully understand the regulatory changes (CRR2, CRR3, COREP and Pillar 3 reporting requirements) from both a calculation and reporting perspective and ensure that our various stakeholders are regularly informed of these developments and our strategy to implement before go live.

  • Undertake assurance activities upon the build completions of the calculations and disclosures. Being confident in being able to review and challenge outcomes with good understanding of the rules and technical interpretations.

Key Skills: 

  • Experience in Basel Reporting or Capital Adequacy reporting 

  • Excellent experience in Risk-weighted assets / RWAs

  • Be adept with RWAs and the calculations

  • Must be able to demonstrate you have been involved in, and have a good understanding of, calculations and the rules behind it 

  • Experience of Capital Reporting and RWA at a Senior / Lead level

  • Ability to hit the ground running

  • Able to understand the rulebook (CRR) - Cash Reserve Ratio

  • Good seniority/experience and banking or consultancy experience

Ideal Experience:

The ideal candidate would have experience of: 

  • Capital reporting, RWAs and an Audit background

  • Otherwise be very adept with RWAs and the calculations

  • An audit/assurance background in the above would be really appealing

About Barclays 

Barclays is a British universal bank. It is diversified by business, by different types of customers and clients, and by geography. Barclays 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 its service company which provides technology, operations and functional services across the Group. 


Everything Barclays does is shaped by its five values of Respect, Integrity, Service, Excellence and Stewardship. The Barclays values inform the foundations of its relationships with customers and clients, but they also shape how Barclays measure and reward the performance of colleagues. Simply put, success is not just about what you achieve, but about how you achieve it. 


Barclays aims to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to Barclays vision and goals. 


At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home.  We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

Your Benefits 

As a contract employee of Randstad Sourceright, you’ll receive a wide range of financial and personal benefits. There’s enrolment in a pension plan (after 12 weeks on assignment) and holiday pay. You’ll also get 24/7 access to an Employee Assistance Programme, designed to help you deal with any problems that could be affecting your home or work life. Plus, there’s discounts at heaps of high street shops, restaurants and entertainment - from Asda to Zizzi Italian restaurants.

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