Transaction Monitoring Control Owner

Job Description: Transaction Monitoring Control Owner

Be a key SME and member of the FC Transactional Monitoring optimisation and strategy for Barclays UK (BUK) and Barclays International (BI). Your role includes providing SME capability to enhance TM systems. You will collaborate with Financial Crime, Business, Operational, and Technology stakeholders to develop and optimise automated Surveillance TM solutions, ensuring they are effective and efficient.

You will identify risk management enhancement opportunities, support strategic investment projects, and develop bespoke monitoring solutions. Your focus will be on innovation and data analytics, ensuring Surveillance TM capabilities are robust and identifying financial crime risks. You will also design the Surveillance TM data environment, ensuring relevant data is sourced, integrated, and leveraged effectively.

Additionally, you will support the regular review and optimisation of Surveillance TM solutions, acting as the ‘voice of the customer’ to ensure high standards. You will build and maintain feedback loops from key business areas, incorporating their requirements into developing and optimising solutions. You will partake in driving innovation within Surveillance TM, drawing inspiration from pioneering teams within Barclays and leading institutions.

To Be Successful as a Transaction Monitoring Control Owner

• Proven SME expertise in implementing, optimising, and tuning TM systems or similar financial crime controls.
• Experience in a regulated business environment with governance, control, and risk management exposure, ensuring adherence to action and escalation procedures.
• Excellent verbal and written communication skills, with a considerable record of building relationships and engaging with technical and non-technical stakeholders across functions.
• Organizational skills to execute plans, manage competing priorities, and achieve goals.
• Ability to solve problems logically and creatively, demonstrating professional judgment, quality control, and high standards.
• Creative and forward-thinking, striving to innovate and improve solutions and capabilities.
• Confidence to contribute and make business-critical decisions.
• Appreciation of the power of analytics to enhance TM systems processes.
• Understanding of data management and model validation principles and controls.

Some Other Highly Valued Skills May Include

• Experience using analytical tools for data exploration, analysis, and visualization.
• Expert coding ability in SQL, Scala, Spark, Python, etc.
• Experience developing data visualizations/dashboards, preferably with Tableau.
• In-depth understanding of financial institution data (e.g., customer/account, transactional, payment), systems, and flows.
• Appreciation of financial crime, market surveillance, AML, and transaction monitoring/detection systems and processes, including AML and terrorist financing trends and typologies.
• Knowledge of the UK and global financial crime regulatory framework.

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.

Purpose of the Role

To verify the accuracy, reliability, and soundness of the bank's analytical models by independently validating and assuring the quality of models.

Accountabilities

• Development and implementation of validation plans for new and existing models.
• Preparation of model documentation that clearly explains the model's methodology, assumptions, limitations, and risks.
• Development and implementation of ongoing monitoring frameworks to ensure continued model accuracy and effectiveness, ensuring appropriate controls and governance in place.
• Analysis and assessment of the model's accuracy, performance, and compliance with regulatory requirements.
• Performing back testing and stress testing to assess model robustness under different conditions.

Assistant Vice President Expectations

• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and develop new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business-aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practices (in other areas, teams, companies, etc.) to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders 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.