Director, Markets Audit - Securitised Products

Barclays•New York, NY

11d•$200,000 - $280,000

About The Position

The purpose of the role is to manage the Internal Audit department and set its strategic direction. This position provides support to the bank's senior management team and manages Internal Audit risk across the organization. The Director will manage a business function, providing significant input to function-wide strategic initiatives and contributing to and influencing policy and procedures. They will plan, manage, and consult on multiple complex and critical strategic projects, potentially across the entire business. This role involves managing the direction of a large team or sub-function, leading other people managers, and embedding a performance culture aligned with the business's values. The Director will train, guide, and coach less experienced specialists, and provide information affecting long-term profits, organizational risks, and strategic decisions. They will offer expert advice to senior functional management and committees to influence decisions made outside their own function. Responsibilities include managing, coordinating, and enabling resourcing, budgeting, and policy creation for a significant sub-function, escalating breaches of policies/procedures appropriately, and fostering compliance with regulations. The role requires a focus on the external environment, including regulators and advocacy groups, to monitor and influence on behalf of Barclays. A deep understanding of how the function integrates with the business division/Group to achieve overall business objectives is essential. The Director must maintain broad and comprehensive knowledge of industry theories and practices within their discipline, alongside up-to-date relevant sector/functional knowledge and insight into external market developments. Interpretative thinking and advanced analytical skills are needed to solve problems and design solutions in complex/sensitive situations. Management authority will be exercised to make significant decisions and strategic recommendations within their area. Negotiation and influence with senior stakeholders, both internally and externally, are key. The Director will act as the principal contact point for key clients and counterparts in other functions/business divisions and will be a mandated spokesperson for the function and business division. All Senior Leaders are expected to demonstrate leadership behaviors (Listen and be authentic, Energise and inspire, Align across the enterprise, Develop others) and the Barclays Values (Respect, Integrity, Service, Excellence, Stewardship) and Mindset (Empower, Challenge, Drive).

Requirements

Extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
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.
Interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
Management authority to make significant decisions and certain strategic decisions or recommendations within own area.
Ability to 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.
Demonstrate leadership behaviours (L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others).
Demonstrate Barclays Values (Respect, Integrity, Service, Excellence and Stewardship).
Demonstrate the Barclays Mindset (Empower, Challenge and Drive).
Experience in managing a business function, providing significant input to function wide strategic initiatives.
Experience contributing to and influencing policy and procedures for the function.
Experience planning, managing and consulting on multiple complex and critical strategic projects, which may be business wide.
Experience managing 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.
Experience leading organisation wide projects and acting as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally.
Experience training, guiding and coaching less experienced specialists.
Experience providing expert advice to senior functional management and committees to influence decisions made outside of own function.
Experience managing, coordinating and enabling resourcing, budgeting and policy creation for a significant sub-function.
Experience escalating breaches of policies / procedure appropriately.
Experience fostering and guiding compliance, ensuring regulations are observed and relevant processes are in place to facilitate adherence.
Experience focusing on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
Experience collaborating and supporting a 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.
Experience as an Audit Owner, guiding, reviewing and approving 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.
Experience leading 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.
Experience deputizing where needed for the Portfolio Manager at relevant governance committees and meetings.
Experience growing capable and diverse talent within the BIA Markets team, growing the overall leadership capability.
Experience delivering 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.
Experience contributing to clear and insightful committee reporting for Group and legal entities as well as contributing to business unit specific reporting.
Experience building 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.
Experience 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.
Experience optimizing opportunities to use data analytics.
Experience overseeing effective and efficient use of the team’s resources and budget.
Experience ensuring lessons learnt are undertaken where events/issues are identified, to ensure BIA continuously improves.

Nice To Haves

Deep technical expert and thought leader
Ability to adapt plans, where appropriate.

Responsibilities

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 and 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.
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.
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.
Lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally.
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.
Escalate 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.
Demonstrate leadership behaviours (L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others).
Demonstrate Barclays Values (Respect, Integrity, Service, Excellence and Stewardship).
Demonstrate the Barclays Mindset (Empower, Challenge and Drive).
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.
Optimise 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.