Operational Risk VP

Posted Jan 4, 2023
Project ID: BCLYJP00033414
35 hrs/week
Payrate range

Location: Hybrid working- you will be required to work 2 days on site on either of the following Barclays offices;

Glasgow, London, Radbrook, Northampton

Length- 6 Months

PAYE only

Overall Purpose of the role;

The Operational Risk subject matter experts oversee the operational risk elements of particular risk categories managed by operational, functional and vertical business areas across the bank.

The role holder will report to the Director responsible for People and Legal Risks. The role holder identifies, oversees and manages the bank wide response to People and Legal Risks from a 2LoD (2nd Line) perspective within the broader Operational Risk team.

The role holder is also responsible for the operational risk deliverables for six vertical businesses within Barclays; Compliance, Barclays Corporate Secretariat, Barclays Internal Audit, Public Policy & Corporate Responsibility, Legal and HR. The role holder will work closely with both Vertical and Horizontal Risk SME leads to ensure all aspects of these risks are adequately and consistently managed in line with the Operational Risk Framework. The scope of the risks covered by the role may change as required by the Operational Risk MD.

Key Accountabilities;

  • Overall oversight and review and challenge of the specific operational risks, including RCSAs, events and issues.

  • Review of adherence to the Group Operational Risk Framework, including associated policies and standards.

  • Deliver oversight and challenge to the business in relation to risk events, ORAC issues, DWBs

    and audit observations to ensure a complete view of risk exposure is in place.

  • Monitor and analyse significant entries (Critical and Major) on MI available on a regular basis, making recommendations and escalating to senior management where required.

  • Overseeing the Cyber Team on their Cyber Attacks.

  • Ensure continuous monitoring and escalation of material control gaps or ‘red flags’ to Head of Operational Risk, relevant Control Committee and to Horizontal and Vertical Owners.

  • Provide SME inputs to relevant change programmes with respect to inherent and residual risk exposure to the Group and their mitigation.

  • Lead proactive risk reviews to give assurance around effective management of risk and identify material gaps if any.

Person Specification;

  • A clear understanding on Operational Risk

  • Financial Services experience

  • Stakeholder Management

  • Highly motivated and able to coordinate or influence multiple activities across various

    disciplines within the bank.

  • A proactive and hands-on approach is essential

  • Thorough understanding of operational risk principles and common tools (such as RCSAs and KRIs and controls) and business experience in the banking industry.

  • Experience of working with and presenting to multiple stakeholders of different levels of seniority.

  • Project Management Skills

  • Excellent Communication Skills

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.


Hybrid Working

Barclays is currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Barclays is flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. Barclays also has a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances


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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