Barclays Bank UK Jobs – Head of Risk Control Unit

Organisation: Barclays
Bank UK
Duty Station: Kampala,
Uganda
Reports to: Corporate
Credit Director
About Barclays UK:
Barclays is a British
multinational banking and financial services company headquartered in London.
It is a universal bank with operations in retail, wholesale and investment
banking, as well as wealth management, mortgage lending and credit cards. It
has operations in over 50 countries and territories and has around 48 million
customers. As of 31 December 2011, Barclays had total assets of US$2.42
trillion, the seventh-largest of any bank worldwide.
Job Summary: The
Barclays Head of Risk Control Unit will steer, develop and manage the Risk
Control Unit in order to maximize Team and Individual performance with a view
to maintaining a robust Risk Controls framework in the post sanctioning
fulfillment activities for the Commercial Banking portfolio
Key Duties and Responsibilities: 
1. Team Leadership: 20-30%
  • Manage
    the overall performance and people agenda in the Risk Control Unit.
  • Drive
    recruitment of staff so that the quality of every recruit improves the
    overall quality of the RCU pool.
  • Closely
    manage those identified as Talent in their team. 
  • Ensure
    that they have clear individual plans that speed their development and
    gives Barclays the maximum benefit from their deployment.
  • Ensure
    that robust and detailed succession plans exist for the RCU and that these
    are used to develop actions to ensure sufficient bench strength with right
    people in the right jobs.
  • Identify
    and drive development and training initiatives to ensure that the capability
    of RCU staff is continually improved.
  • Drive
    EOS action plans to ensure that staff feel good about their team, the RCU
    and Barclays.
  • Develop
    a highly motivated team maintaining excellent relationships with own team
    and wider teams to ensure achievement of business goals
  • Support
    to identify training needs and provide coaching to all members of the Risk
    Control Unit (RCU) to improve performance and productivity.
  • Act
    as a role model and drive proactive application of Barclays Behaviors
    throughout the team.
  • To
    create awareness amongst Team members on Group Policies, RCU procedures
    and Regulations
  • Keep
    the Team motivated and ensure accurate and efficient delivery. Build
    systems to allow for job rotation within RCU to identify and groom Team
    Members to take leadership roles within the Team
  • Proactively
    contribute to embedding change management initiatives in support of
    process and quality improvements, cost reductions and development of the
    people.
  • Steer
    and execute smooth change management including continuous process
    improvement
  • Ensure
    RCU activities and importance is 
    communicated to the wider business (peers and senior management)
    and consultation during changes in policies and procedures at business
    levels
2. Risk Management -50-60%
  • Ensure
    the highest standard of Post Sanction Fulfillment / Monitoring and Control
    through formulation and implementation of consistent policies and
    processes across the Risk Control Unit
  • Ensure
    knowledge and best practice sharing across the RCU.
  • Responsibility
    for personal adherence to governance, compliance and lending portfolio
    controls.  Ensuring own conformance
    to policy and procedures within the specialist lending function, including
    proactive management of agreed responsibilities for data integrity.
  • Work  in liaison with the centre and
    in-country credit team to understand the lending portfolio and risk
    capabilities and to identify gaps or weaknesses in the post sanction
    process; work in conjunction with the relevant teams to formulate plans to
    close the gaps
  • Responsible
    for the Monitoring & Control of Corporate/ECC/FI live portfolio to
    assure adherence to terms & conditions of sanctions identifying any
    areas within the portfolio that are cause for concern / potential cause
    for concern. Communication both up and down the reporting lines.
  • Act
    as a source of technical excellence and point of reference in relation to
    risk matters for the CCM’s, CBD/ECC and RCU.
  • Manage
    the maintenance / improvement of the administration quality of the
    Portfolio (as detailed in the RCU operating manual).
  • Maintain
    interactive relationship with CCM’s and CBD/ECC to ensure rectifying the
    outstanding issues.
  • Quarterly
    review of the Corporate Credit Key Risks and their mitigating controls
    through effective RCA tests
  • Own
    and monitor the achievement of agreed targets for risk performance
    measures by the RCU team taking corrective action where applicable.
  • Responsible
    for the rectification & documentation of any recommendations arising
    out of Audit/Assurance reports on the Credit Risk.
  • In
    charge of the effective management of the facility limits (loading,
    amending & cancellation) to ensure that published limits are in line
    with the latest sanction and in accordance with the operational processes
    and procedures
  • Management
    of maintenance, review & follow up of a complete Diary System
    detailing deficiency & deferrals/loans repayment dates/ excesses
    clearance dates/dated securities & Covenants.
  • Management
    of the Financial Covenant and Internal Risk Trigger Monitoring
    systems/data in regards to its integrity of capturing, advising and
    escalation of overdue and failed / breached covenants
  • Managing
    preparing& review of Post Sanction Aide Memoire and Term loan
    Information sheet
  • Undertake
    ownership duties of suspense accounts and interest received accounts
  • Monthly
    review of the applicable interest rate & comm. for all corporate
    customers using sanctions and Interest Audit Report.
  • Liaising
    with legal team in regards to the non-standard documentation and changes
    to the standard commercial and standard terms and conditions
  • Improve
    quality of audits. Will be the point of contact for both internal and
    external auditors.
  • Manage
    the monitoring of syndicate loans (repayment of installments, interest,
    conditions with the agent / participant banks.
  • Un-drawn
    commitments are reviewed on monthly basis to control CREC charges.
  • Periodic
    review and assessment of root causes in relation to RCA testing and
    initiating appropriate action to mitigate risks
  • Ensure
    robust and error free MI and data is produced by the team on a regular
    basis.
  • Ensure
    maker checker concept across RCU processes is carried out without
    deviation
  • Ensure
    teams adherence to IRM and Data privacy polices of Barclays
  • Manage
    the Team’s Business Continuity plan (BCM) and periodic testing
3. Business Risk Partnership
15-20%
  • Ensure
    a consistent quality of service to RCU stakeholders
  • Assist
    the Head of Risk in monitoring service and delivery in line with business
    needs
  • Work
    in partnership with colleagues and proactively anticipate, respond to and
    seek to exceed the expectations of customers.
  • Attend
    meetings with the Corporate Credit manager’s / Relationship Manager’s if
    problem related issues are to be discussed / need to be resolved.
  • Maintain
    interactive relationship with CCT and CBD to ensure rectifying the Develop
    and maintain a close working relationship with Front Office and Credit
    Team Heads.
  • Actively
    support the CCD in delivering effective PD’s for individuals within the
    team
  • Participate
    is team activities, launches and social occasions.
Qualifications, Skills and Experience: 
  • The
    ideal candidate should hold a Post Graduate with previous work experience
    (min 8 years)
  • At
    least five years of Risk Management experience
  • Excellent
    track record of Leadership of teams
  • Communication
    with particular emphasis on imparting difficult decisions
  • Communication
    with senior management and business stake holders
  • Other
    finance related qualifications are preferred
  • Possession
    of Risk related certificates is an added advantage
  • Risk
    Auditing training /certificate
  • The
    applicant should have expert knowledge of commercial banking credit risk
    operations, credit analysis and controls.
  • Good
    knowledge of operational risk and rigor processes, tools and practices.
  • Proven
    people management skills and team leadership.
  • Proven
    ability to run a service operation, managing often conflicting priorities.
  • Computer
    literacy skills
  • Detailed
    knowledge of Corporate Business and risk products, policies, procedures
    and services
  • Working
    knowledge of local regulations relating to lending.
  • Awareness
    of products and services offered by competitor banks.
  • Applicants
    with previous experience of working in a reputed financial institution in
    the risk function will have an added advantage
Personal Competencies:
  • Communication
    and Influence – able to communicate effectively across a range of
    stakeholders in Sales, Risk and Operations
  • Innovation
    and change – the ability to spot opportunities to improve service and
    deliver on these
  • Leadership
    – the ability to direct the large number of staff in their team to ensure
    all play their part in attaining the overall goals
  • People
    Capability – the ability to form and develop a high-performing team with
    robust bench-strength
  • Problem
    Solving and Decision Making – the ability to quickly understand a
    situation and take decisive action that is bought into by stakeholders
  • Quality
    High Standards and Controls
How to Apply:
If you feel challenged by any
of the above positions, and believe you can deliver on key deliverables as
outlined above, upload your application letter, current curriculum vitae and
photocopies of academic certificate to our recruitment website detail below:
Barclays is an equal
opportunity employer that recruits, develops and promotes people on merit, and
rewards outstanding performance, regardless of background and gender.
For queries contact us on
0417122453 or email: barclays.uganda@barclays.com
Deadline:  2nd
January, 2015
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