As the overseer of global electronic trading initiatives focused on Operational Risks, you will report to the Global Head in London. Your responsibilities include providing 2LOD business content knowledge and challenging the Markets 1LOD risk management. You will ensure 1LOD compliance with Barclays Operational Risk Frameworks and Policies, identify and review thematic risk exposures across Markets businesses, and partner with global Operational Risk colleagues for comprehensive coverage. Additionally, you will organize or attend Operational Risk and Control Committees, escalating issues as needed, and lead or participate in risk assessments, projects, or initiatives.
You will collaborate with key stakeholders in Trading, Statistical Modelling & Development, Pre-trade Technology, Chief Controls Office, Market Risk Management, Intraday Credit Risk, Operational Risk, electronic Trading Compliance, and Internal Audit. Your role requires evaluative judgment and analytical skills to understand electronic trading systems, algorithmic strategies, and risk controls. You will ensure full compliance with regulatory requirements and Barclays policies.
To be successful as a E-Trading Risk Management Vice President, you should have experience with:
- Considerable experience in algorithmic trading, preferably as an Operational Risk Manager or within a Risk and Controls function.
- Comprehensive understanding of electronic trading regulations, including MIFID II, PRA SS5/18.
- Extensive knowledge of traditional Operational and Market risk management frameworks and controls.
- Interactions with Regulatory bodies.
Purpose of the role
To provide independent review and challenge of the Operational Risk elements of particular risk categories across the bank, ensuring they are carried out in accordance with Barclays Operational Risk Framework, Policies, and Standards.
Accountabilities
- Risk identification and proactive risk management, identifying interconnected, horizon and emerging risks to assist the business in understanding, managing and mitigating the right risks in line with their business strategy and objectives.
- Analysis of operational risk data to identify trends, patterns, and emerging risks.
- Risk-based analysis of business processes, systems, and controls to assess the likelihood and impact of identified risks.
- Ongoing research and monitoring of internal and external sources to identify potential Operational Risks.
- Oversight, review and challenge of 1st Line activities including Risk Control Self Assessments (RCSAs), Risk Events, Issues and attendance at key Risk and Control meetings (with associated reporting) ensuring they accurately reflect the business risk position.
- Stakeholder management, engaging and working effectively with First and Second Line management.
- Risk based 2nd Line input into 1st Line Projects, Initiatives and Strategic decision making.
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.