Barclays

Financial Regulatory Policy

Posted Mar 18, 2021
Project ID: BCLYJP00010807
Location
London , Greater London
Duration
4 months
(Apr 26, 2021 - Aug 25, 2021)
Hours/week
35 hrs/week
Payrate range
Unknown

Barclays Overview

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.


We are an equal opportunity employer and we are opposed to discrimination on any grounds.


Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.


About Finance

Finance has an important role in supporting Barclays businesses by providing high-quality planning, reporting, regulatory and accounting services. The strong control environment in which we operate is at the core of everything we do and this is reflected in the design of our operating model and functional lines. We have the critical role of being responsible for the integrity of the financial records for Barclays.

About Finance Regulatory Policy (FRP)

FRP is the group’s centre of expertise on UK, European and US Regulatory Capital, Leverage, Large Exposures and Liquidity Requirements. 

We provide three services across the organisation, including to the Group’s management, infrastructure teams and businesses:

Governance: specifying the regulatory requirements that need to be followed, and providing the definitive “house view” where points are ambiguous or opern to interpretation

Advisory: applying both the letter and spirit of regulatory requirements to new transactions and initiatives, including those not contemplated by the rules, and helping the business to optimise the use of the group’s resources

Change: helping to constructively shape industry and regulator thinking on the regulatory landscape, to support the group’s interests, as well as ensuring we identify and plan for future changes in requirements.

We work closely with other teams in Finance, with Treasury and the business to discharge these responsibilities, as well as with Government & Regulatory Relations to ensure constructive engagement with our regulators.

Overall purpose of role

The successful candidate will become a member of the BI-aligned team, reporting to the team head (Director). They will have a portfolio of business relationships, as well as subject matter expertise responsibilities and project work that span the Barclays Group.


Key Accountabilities


Business coverage (advisory): Ensure the provision of authoritative technical regulatory support to a number of businesses in Barclays International. To cover day-to-day query flow, New Product Approvals, capital applications, etc. Build deep and effective working relationships across the business, with the resilience to see issues through to completion, working with other functions as needed (e.g. Technical Accounting, Legal, Risk, US Regulatory Policy). Maintaining regular, two-way flow of information between the business and FRP, enabling us to better anticipate future challenges and provide a better service.


Examples: Banking, Portfolio Management, Global Payments (Barclaycard)


Subject matter expertise (governance, change): Group-wide authority for a range of technical topics. Pro-active checking regarding implementation, identifying and escalating material gaps. Understanding of how subject area impacts and is reflected in returns/public disclosures for group and main operating entities. Awareness of approaches adopted by competitors. Track proposed rule changes from Basel through to enactment in EU & UK legislation/regulation & beyond. Liaise with businesses and impacted functions to shape meaningful advocacy, interpretation & implementation planning for the firm. Recognised as technical authority by peers, management and internal clients.


Examples: Capital, Leverage, Large Exposures


Stakeholder Management and Leadership 

The successful candidate will be expected to contribute in building and maintaining relationships at a range of levels across the businesses and functions (e.g. Risk, Legal, Technical Accounting, Regulatory and Financial Reporting). Successful candidates will also be able to assist FRP’s engagement with external stakeholders, such as regulators and legislators, and lead for Barclays on industry working groups relevant to their technical area through trade associations (e.g. AFME, UK Finance).


Decision-making and Problem Solving 

Problem solving is core to the role, whether personally analysing significant, often confidential, issues or helping other team members to complete their own analyses. The successful candidate will be skilled in identifying and evaluating alternative interpretations, assessing the relevance of existing internal and external precedents and ensuring a full understanding of issues before making their recommendations.


Risk and Control Objective 

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards 



Person Specification

Although FRP is a technical area, a high degree of emphasis is placed on ensuring team members are supported in their technical development, including through ongoing coaching and a capabilities framework that is tailored to Policy work. While we encourage team members at all levels to demonstrate ownership for their areas of responsibility, no-one, at any level, is expected to operate without support. Regulatory requirements change frequently and depend greatly on commercial context and organisational risk appetite, so “expertise” can become quickly outdated. We therefore place a greater premium on aptitude for learning, intellectual curiosity and personal engagement rather than instant-recall of swathes of rules text.


FRP provides coverage for all Barclays businesses, works with most support functions and covers a broad range of technical areas, so there is ample opportunity to build out a broad view of the Group, or to develop into a more rounded regulatory specialist. Similarly, if you have an interest in working with a particular area as part of your career path at Barclays, we will try to accommodate this to the extent the team can still deliver its overall service requirements. 


Previously, members of the team have gone on to senior treasury/capital management roles, business management and front-office structuring within Barclays. Others have taken leadership roles in regulatory policy advisory functions in other banks and consulting practices. Alternatively, opportunities may exist to develop into more senior roles within Finance Policy or Finance more broadly.


Essential Skills/Basic Qualifications:

Keen analytical skills, with the drive and ability to understand and apply unfamiliar regulatory requirements quickly and accurately.


Ability to evaluate corporate structures / new products, understanding the salient features and commercial drivers.


Strong interpersonal, influencing and team working skills, with the capability to build and sustain effective working relationships (including at senior levels of the organisational infrastructure) and to drive technically robust outcomes, whilst still promoting strategic/commercial objectives of the business.


Experiencing applying Basel-derived prudential regulatory concepts in the context of a universal bank or investment banking franchise – whether through a policy, reporting or capital management lens.


Financial Services industry experience, with a working knowledge of basic corporate finance & retail banking products.


Ability to communicate technical information in an accessible manner to a range of audiences, including senior management.


Ability to work in a pressured environment and cope with the demands of making material recommendations, often with imperfect information and subject to review/challenge.


Strong control awareness including understanding the key controls required in a bank, with a keen appreciation of reputational risk factors.


Demonstrated ability to lead others and work as part of multi-disciplinary teams


Demonstrated ability to develop relationships with internal clients and rapidly establish credibility with stakeholders


Desirable skills/Preferred Qualifications:

An appreciation of general accounting principles.


Ability to build simple models to test the impact of new requirements.


Advocacy experience e.g. representing a bank or similar in industry fora responding to regulatory changes.


Purpose and Values 

Our purpose is creating opportunities to rise. We support sustainable and inclusive growth by connecting the ideas, innovations and aspirations of our customers and clients to the capital that can bring them to life. For over 325 years we have funded progress, and today we remain committed to helping make our world more sustainable, more inclusive and more connected.

 

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.


Respect

We respect and value those we work with, and the contribution that they make.

Integrity

We act fairly, ethically and openly in all we do.

Service

We put our clients and customers at the centre of what we do.

Excellence

We use our energy, skills and resources to deliver the best, sustainable results.

Stewardship

We are passionate about leaving things better than we found them.

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