Regulatory Capital Rules Oversight, Director

Overview of the Role

The position is situated within the Treasury and Capital risk function. The role-holder will provide Risk (Second Line of Defence) oversight and challenge concerning the interpretation and application of regulatory capital and liquidity rule requirements. The role-holder will establish an approach for the oversight and governance of these requirements by collaborating with Risk colleagues to develop strong relationships with regulators, providing effective challenge over the interpretation and application of regulatory requirements by Finance. Activities include:

• Close and effective engagement with lines of business, Risk and Finance, and other key stakeholders on regulatory capital and liquidity priorities
• Regular representation at senior management committees, and support regulatory and Board engagements
• Lead 2LOD review and challenge of proposals based on an independent assessment of appropriate treatment under relevant regulations

Stakeholder Management and Leadership

The role involves interaction with senior stakeholders both internally within Risk, the Business, Finance, Legal, RIS, Regulatory Relations, and controls teams, as well as externally with regulators. The role-holder will need to ensure high standards in managing engagements with regulators, including the timeliness and accuracy of regulatory submissions and communications.

Decision-making and Problem Solving

The role requires excellent judgment and analytical skills, with the ability to review, interpret, and challenge a range of complex transaction proposals and regulatory requirements. This necessitates the ability to assess detailed technical aspects of risk and capital management, a detailed understanding of regulations, and the ability to consider new proposals and transactions from a broader Risk perspective. Strong judgment, communication, and organization skills are also required to engage effectively with key stakeholders and establish an effective oversight regime.

Risk and Control Objective

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

Purpose of the Role

To provide oversight of prudential regulatory compliance concerning our advanced Model permissions and 2nd LoD review and challenge of regulatory rules that impact regulatory capital and liquidity returns.

Accountabilities

• Advising on Regulations; owning the interpretation of specific parts of the Prudential Rulebook, and escalation for queries relating to prudential regulatory compliance.
• Communication of key Regulatory themes to senior Risk management, including:

• Concerns raised by regulators
• Themes and areas of focus arising through meetings and communications
• Guidance on regulator expectations

• Management of internal governance for adherence to regulatory permissions through oversight of Risk-owned Permissions and maintenance of a central Permissions library.
• Coordination, review, and challenge of the Model and Rating System Applications/Notifications; Drives delivery of certain Risk-led regulatory deliverables, providing a robust review and challenge of constituent parts provided by internal stakeholders.
• Provision of comprehensive, accurate, and consistent information to Regulatory supervision teams, supporting Risk in providing transparent communication with regulators via face-to-face meetings, regulatory letters, or applications; and tracking and delivering commitments to regulators.

Director Expectations

• Provide expert advice to senior functional management and committees to influence decisions made outside of the own function, offering significant input to function-wide strategic initiatives.
• Manage, coordinate, and enable resourcing, budgeting, and policy creation for a significant sub-function.
• Escalate breaches of policies/procedure appropriately.
• Foster and guide compliance, ensuring regulations are observed and relevant processes in place to facilitate adherence.
• Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
• Demonstrate extensive knowledge of how the function integrates with the business division/Group to achieve the overall business objectives.
• Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector/functional knowledge and insight into external market developments/initiatives.
• Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/sensitive situations.
• Exercise management authority to make significant decisions and certain strategic recommendations within own area.
• Negotiate with and influence stakeholders at a senior level both internally and externally.
• Act as the principal contact point for key clients and counterparts in other functions/businesses divisions.
• Mandated as a spokesperson for the function and business division.

All Senior Leaders are expected to demonstrate a clear set of leadership behaviors to create an environment for colleagues to thrive and deliver consistently at an excellent standard. The four LEAD behaviours are:

• L – Listen and be authentic
• E – Energise and inspire
• A – Align across the enterprise
• D – Develop others

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.