Internal Audit -Credit Risk AVP

In this role, you will support the Audit Owner in scoping audits, identifying and assessing risks and controls, completing testing and preparing and reviewing audit workpapers. You will document processes, perform risk and control assessments, and raise observations, using the tools contained within the BIA audit toolkit. Additionally, you will update the Audit Owner and audit team with progress and observations, promoting a culture of efficiency through the use of auditing techniques.  As a Credit Risk subject matter expert, you will build considerable relationships and mutual trust with all BIA colleagues and with key stakeholders outside of BIA.

You will utilise your knowledge of credit risk measurement, monitoring and management techniques to test relevant controls and to identify weaknesses and areas for improvement. This role offers a unique opportunity for financial services auditors in Credit Risk to broaden their experience by joining an established team.

To be successful as Internal Audit – Credit Risk AVP you should have:

A background in internal audit, including:

• Proven experience in leading and/or executing audits, including completing and reviewing work papers.
• Experience in raising issues and discussing and negotiating these issues with management.
• Excellent verbal and written communication skills.

Experience of Credit Risk, including and understanding of:

• AIRB approach within CRR – this might be in any if the following:
  • Oversight / Implementation of rating processes and systems ensuring compliance against IRB requirements
  • RWA calculations
  • IRB models development / validation / monitoring
• Risks and Controls associated with Credit Risk Processes, ideally gained in a 1st, 2nd, or 3rd line function.
• The Credit Risk Lifecycle (from acquisition through to Recovery Processes).
• The way in which credit risk is identified, measured, monitored and managed.

You may be assessed on 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.

This role will be based in London.

Purpose of the role

To support the development of audits aligned to the bank’s standards and objectives by working collaboratively with colleagues, providing accurate information and recommendations, and complying with policies and procedures.

Accountabilities

• Audit development and delivery support, including financial statements, accounting practices, operational processes, IT systems and risk management.
• Identification of operational risks to support the delivery of the Barclays Internal Audit (BIA) Audit Plan through risk assessments.
• Assessment of internal control effectiveness and their capability to identify and mitigate risk aligned to regulatory requirements.
• Communication of key findings and recommendations to stakeholders, including the Audit Owner, senior managers and directors.
• Identification of regulatory news and industry trends/developments to provide timely insight and recommendations for best practice.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People 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.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing 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 practises (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.