Director, Markets Audit - Securitised Products

Purpose of the role

To manage the Internal Audit department and set the strategic direction. Provide support to the bank's senior management team, and to manage Internal Audit risk across the organization.

Accountabilities

• Management of the Internal Audit department, including oversight of Internal Audit professionals and their performance, implementation of departmental goals and objectives, oversight of department efficiency and effectiveness.
• Relationship management of Internal Audit stakeholders.
• Management of Internal Audit risk, including identification of potential Internal Audit risks, development of strategies to mitigate those risks.
• Management of Internal Audit projects.
• Control of the Internal Audit function.
• Compliance with the relevant requirements and standards of the regulatory system.
• Information disclosure with FCA or PRA notification.

Director Expectations

• To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
• They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
• Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
• Escalates breaches of policies / procedure appropriately.
• Foster and guide compliance, ensure regulations are observed that 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 decisions or recommendations within own area.
• Negotiate with and influence stakeholders at a senior level both internally and externally.
• Act as 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 behaviours to create an environment for colleagues to thrive and deliver to a consistently 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.

• Collaborate and support the Portfolio Manager to define the appropriate coverage strategy and audit plan for Global Markets – Securitised Products, taking into consideration the Audit Risk Appetite, the current and expected business environment, the regulatory requirements and the resourcing levels within the Function.
• As an Audit Owner, guide, review and approve work carried out on audit assignments to ensure the scope of work is appropriate, controls are correctly identified, assessed and carried out in accordance with BIA Methodology, policies, professional standards and budget.
• Lead the relationships with the Accountable Executives and infrastructure leads covering Global Markets – Securitised Products; empowering your team to deliver effective continuous monitoring (CM) through your leadership of the overall CM strategy.
• Deputise where needed for the Portfolio Manager at relevant governance committees and meetings.
• Grow capable and diverse talent within the BIA Markets team, growing the overall leadership capability.
• Deliver a view on the effectiveness and adequacy of risk management and controls to the business and BIA management and, in turn, to the Board Audit Committee.
• Contribute to clear and insightful committee reporting for Group and legal entities as well as contribute to business unit specific reporting.
• Build a deep understanding of the Global Markets – Securitised Products business as well as any emerging risks or changes which may impact the portfolio and audit plan. Be able to adapt plans, where appropriate.
• Drive efficient delivery of the audit plan by:
  • Promoting a culture of efficiency through use of expert knowledge to focus the audit plan and to support BIA strategic direction and use of Agile techniques.
  • Optimising opportunities to use data analytics.
• Oversee effective and efficient use of the team’s resources and budget.
• Ensure lessons learnt are undertaken where events/issues are identified, to ensure BIA continuously improves.