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Head of Compliance, Spain

Madrid, Spain

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Madrid, Madrid

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Date live: Oct. 11, 2022

Business Area: COO & Functions

Area of Expertise: Compliance

Reference Code: 00275040

Contract: Permanent/Regular

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About Compliance

The purpose of Compliance is to strengthen the culture of Barclays by providing oversight of the management of Conduct and Reputation risk. Compliance participates in the prevention, detection and management of breaches of applicable laws, rules, regulations and procedures and has a key role in helping Barclays achieve the right conduct outcomes and evolve a conduct-focused culture.

Compliance participates in the prevention and detection of breaches of applicable laws, rules, regulations and procedures and has a key role in helping Barclays achieve the right conduct outcomes and evolve a conduct focused culture.

Compliance, along with Risk, forms Barclays’ Second Line of Defence, which establishes the limits, rules and constraints under which First Line activities shall be performed and monitors the performance of the First Line against these. In the event that the First Line breaches limits or contravenes rules, Compliance may, at its discretion, direct the activities of the First Line to bring it within compliance.

Compliance has Trading Entity aligned coverage teams who are responsible for the provision of compliance advice, monitoring and testing relevant businesses and regions. Central Compliance teams provide shared services and oversight across the group (e.g. Regulatory Requirements & Frameworks, Surveillance, Employee Compliance and Financial Crime Core Services and Data Privacy).

About BBIe Compliance

BBI PLC (BBI) is a wholly owned subsidiary of the non-ring-fenced bank of BB PLC and consists of Banking, Corporate Banking, Cards and Payments, Markets and Private Banking.

Aligned with Compliance Group framework, BBI Compliance is responsible for the 2nd Line of Defence (2LOD) compliance processes and activities applicable to Barclays Bank Ireland PLC (BBI) and the BBI Chief Compliance Officer (CCO) is the Accountable Executive for these processes and activities. BBI Compliance are responsible and accountable for the overall compliance function activities within BBI.

Overall purpose of role

Barclays Compliance function’s objective in line with the Barclays Enterprise Risk Management Framework is to assist the firm in understanding and complying with the various financial laws and regulation it is subject to around the world.Its responsibilities can be grouped in three areas:

(i)Information and guidance: The Compliance department develops policies and procedures in response to the regulatory standards and requirements that apply to the firm’s business. While regulatory compliance is ultimately the responsibility of the business lines, it helps the business lines to meet that responsibility by ensuring they receive the information needed to stay informed of relevant banking, securities and futures laws, regulations and procedures. Members of the Compliance department provide training on a variety of regulatory issues.

(ii)Coordination: The Compliance department manages the coordination of the firm’s relationship with its regulators and seeks to develop these relationships.

(iii)Surveillance and enforcement: The Compliance department monitors transaction records and conducts compliance reviews to identify potential areas of concern. It also ensures that improper conducts or failures to comply with regulatory or policy requirements are brought to management’s attention and that appropriate corrective action is taken.

Key Accountabilities

Experienced Compliance Officer supporting the Corporate and Investment Banking businesses in Spain and covering compliance aspects with regards a full range of products in Markets, Investment Banking and Corporate Banking, working closely with the Product Specialists in the main European and International hubs.

Focusing primarily on:

  • Providing advice to Spanish Local Office Staff and any other ‘fly in fly out’ staff for the Spanish Office

  • Checkingand challenging businesses and functions to effectively mitigate reputation and conduct risks

  • Assisting in the review of new products and other advisory related activities that have a Spanish interface

  • Input to Global policy drafting and surveillance initiatives to ensure we comply with Local Spanish regulation

  • Displaying willingness to network, developing links within the industry and contributing to work of trade associations

  • Assisting in the development and the roll-out of bespoke Compliance training programmes

  • Demonstrating ability to work as part of a European and wider global team

    Stakeholder Management and Leadership

    The candidate shall work with the head of Southern Europe Compliance as part of a small and dynamic team, with a permanent interaction with the wider BBI Compliance team based in Dublin and other European hubs as well as UK headquarters and elsewhere and excellent coordination and communication skills are therefore crucial.

    These are high-exposure roles within a challenging banking environment and we are looking for a candidates with that will be tested daily on their ability to communicate effectively, add value commercially and, above all, to act as a business advisor and advocate for the bank’s interests.

    Required ability to demonstrate a working knowledge of material legislations (including without limitation on Financial Crimes), conduct of business and market rules in the jurisdiction in which the bank operates and holding a detailed knowledge of Spanish regulations. Required practical experience in translating regulations into workable policies and procedures. Strong report writing skills in English and experience of interaction at Senior Management level as well as with Regulators will also be essential.

    These opportunities require a great understanding of relevant Investment Banking and Corporate Banking products, services and businesses, such as equities, fixed income, derivatives, M&A, corporate finance, capital markets, lending, risk management, cash and trade and specialist asset and sales financing.

    Decision-making and Problem Solving

  • Ability to work independently although in the context of a wider Compliance team, taking an innovative approach to problem solving and a desire to be part of a global team building the best Compliance systems and controls in the Industry.

  • Ability to apply judgment to complex analysis to draw out key elements of advice.

  • Act as a trusted advisor to business teams, other control functions and other infrastructure areas

Risk and Control Objective [This section is mandatory for all role profiles and must not be deleted]

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

Person Specification

High level of analytical thinking, together with a high standard of judgement, problem solving and persuasion skills. The role holder will be able to deliver objectives consistently within required timescales and will demonstrate a commitment to high standards of delivery. It is crucial having very good interpersonal skills, including communication capacities and good self-confidence as needed in order to properly discharge the check and challenge duties embedded in a Compliance Advisory role.

Essential Skills/Basic Qualifications:

• Experience of Spanish Regulatory Market

• Compliance experience in an investment banking, Corporate Banking and Private Banking (the latter not essential)

• Experience of developing policy, assessing risks, conflicts, implementing procedures, training, surveillance, monitoring, investigations and review for Spanish Market

• Experience of dealing with Regulators

• Proven track record in the Spanish market

Desirable skills/Preferred Qualifications:

At least 6-8 years’ Financial Services experience, ideally gained (i) in the legal and / or compliance function of a Spanish investment bank or a regional subsidiary of an international financial institution or (ii) at a major law/consulting firm, if combined with banking background and / or stages in relevant business or infrastructure areas of a financial institution.

CBI Regulated Role

This role is deemed as a Controlled Function role under the Central Bank of Ireland Fitness and Probity Regulations and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Other registrations may be required linked to local responsibility vis-à-vis local regulators.

Purpose and Values

Barclays has a single cross-business Purpose for Barclays and five core Values which underpin it.

Our Purpose is to create opportunities for people to rise- customers, clients, colleagues and society. Put simply this is the answer to the question ‘What is Barclays for?’ and it should guide our every action as employees.

Respect

We respect and value those we work with, and the contribution that they make.

Integrity

We act fairly, ethically and openly in all we do.

Service

We put our clients and customers at the centre of what we do.

Excellence

We use our energy, skills and resources to deliver the best, sustainable results.

Stewardship

We are passionate about leaving things better than we found them.


More about working at Barclays

Our approach to hybrid working ensures there’s the right balance of working alongside colleagues at our onsite locations, as required for each role. For business areas that offer a hybrid working experience, this will be in a structured way, where colleagues work at an onsite location on fixed, ‘anchor’, days of the week. Some roles may require full onsite working. Please discuss the working pattern requirements for the role you are applying for with the hiring manager.

We continue to embed and review our hybrid working environment and remain in a phase of testing and learning. This means that working arrangements could change, with reasonable notice, to align with the needs of our business.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re committed to providing an inclusive culture and environment, that recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees globally to work flexibly empowers each of us to work in a way that suits our lives, as well as enabling us to better service our customers’ and clients’ needs.

Our approach to working flexibly is designed to support you to balance your life and to accommodate diverse needs, whilst still allowing us to meet our business needs. If you’d like to request a flexible working arrangement, please discuss this with your hiring manager.

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.
We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

The Barclays Way

This is the spirit of Barclays. It’s why we exist, what we believe and how we behave. But most importantly, it’s how we make decisions, take action and get things done.

Learn more

Purpose

Working together for a better financial future.

Values

We believe great talent RISES. It acts with Respect, Integrity, Service, Excellence and Stewardship.

Mindset

We discover our full potential through our desire to Empower, Challenge and Drive each other.

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