Description
The purpose of this role is to identify, assess, and mitigate prudential regulatory reporting risks, provide oversight on regulatory reporting, and maintain open communication with regulators to ensure that the bank's activities and operations comply with all applicable laws, regulations, and internal control policies.
Key Responsibilities:
- Identify and assess prudential regulatory reporting risks arising from the bank's activities, products, and services, and develop strategies to mitigate these risks.
- Assess the effectiveness of the bank’s internal control processes and governance framework, addressing any weaknesses or gaps that could lead to regulatory reporting non-compliance.
- Prepare and submit regulatory reports to authorities, and provide support to other departments in their preparation and review of regulatory reports.
- Analyze and present regulatory data to provide insights into business performance, identify trends, and support decision-making.
- Develop and implement training programmes to educate employees on regulatory requirements and compliance responsibilities.
- Communicate and liaise with regulatory bodies, respond to inquiries, and provide requested information.
- Manage the selection, implementation, and maintenance of regulatory reporting systems and software applications.
Vice President Expectations:
- Contribute to setting strategy, driving requirements, and making recommendations for change.
- Plan resources, budgets, and policies; manage and maintain policies/processes; deliver continuous improvements and escalate breaches of policies/procedures.
- Demonstrate leadership and accountability for managing risk and strengthening controls.
- Collaborate with other areas of work to provide business-aligned support.
- Create solutions based on sophisticated analytical thought, comparing and selecting complex alternatives.
- Seek out, build, and maintain trusting relationships and partnerships with internal and external stakeholders.
Requirements:
- Demonstrate comprehensive understanding of the organisation's functions to contribute to achieving the goals of the business.
- Adopt and include the outcomes of extensive research in problem-solving processes.
- Demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, and the Barclays Mindset – to Empower, Challenge, and Drive.
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