VP - Sanctions Compliance Lead

Job Description

Purpose of the role

To identify and conduct the appropriate analysis and due diligence on Sanctions alerts to ensure the appropriate action is taken against customers and payment activity as defined by the Sanctions Standards and Restricted Activity Matrix, ensuring that the organisation adheres to all applicable sanction’s laws and regulations and internal governance, such that client accounts are not held and transactions are not processed in breach of application laws and regulations. 

Accountabilities

• Understanding the objectives of the Global Sanctions Function and the control frameworks and embed a culture of compliance with sanctions.
• Revision of escalated cases and confirm a True Match in line with regulations/policy accurately and in a timely manner, feeding back on instances of incorrect escalation.
• Management and provision of guidance in the completion of complex sanctions investigations, ensuring that matters are correctly managed and follow appropriate escalation routes, while involving the relevant stakeholders early and fully.
• Due diligence on Payment Screening alerts to determine the appropriate treatment and next steps for the payment in line with documented procedures following the defined governance process and approvals as required.
• Escalation of Customer Screening True Matches to appropriate Business Aligned Sanctions Team for assessment.
• Identification of opportunities to drive efficiencies in the alert management process and feed these back to the appropriate team(s) to implement.

Vice President Expectations

• 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. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• 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.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Join Barclays as VP - Sanctions Compliance Lead where you'll provide first class support to the Sanctions Compliance team in either the UK or US region. At Barclays, we're not just evolving - we're leading the way. You will have the opportunity of guiding a team of people to manage the overall management of sanctions risk by providing guidance and input to critical or technically complex business initiatives. Your role will have the responsibility of building good partnerships with the business partners, supporting first line of defense operational areas in ensuring compliance with Sanctions Policy, monitoring controls associated with sanctions and promoting a culture of risk control across the business and Financial Crime.

To be successful in this role, you should have,

• Experience in understanding of laws, regulations, regulatory expectations and industry best practice.

• Experience leading teams within Financial Services.

• Excellent English written and verbal communication skills.

• Sound judgement, excellent attention to detail and the ability and confidence to make recommendations on business-critical decisions.

• Good organizational, planning, prioritization and problem-solving skills, with the ability to multi-task and demonstrate flexible thinking.

• Ability to interact at all levels of the organization, including distilling complex issues to clear and concise briefings for senior management.

• Comprehension of materiality of issues and their potential reputational and regulatory impact, with a clear understanding of when to escalate and to what level.

Some other highly valued skills may include

• Excellent understanding of OFAC, HMT, EU, and UN sanctions laws, regulations, regulatory expectations and industry best practice.

• Experience in providing legal advice on different areas of law or regulation.

• An interest in politics and its effect on global regulatory environment.

• Solid understanding of the Barclays Group/Business Units and its major customer/payments processing systems.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills

This role is based in our Noida office.