Regulatory Interpretation Analyst

Job Title: Regulatory Interpretation and Traceability Analyst

Location: Northampton/ Knutsford

Barclays UK Regulatory Management

To ensure regulation is met in a sustainable, efficient and client friendly way. Tracking and responding to new financial service industry regulatory changes impacting Barclays UK by:

Running a horizon scanning workstream along with Legal & Compliance; providing interpretation for key signature programmes

Impact assessing all regulations impacting Barclays UK to be able to identify accountable executive, delivery owner and ensure a readiness check is completion for transition into a delivery programme

Provide assurance for regulatory change programmes and escalating regulatory obligation risks to key senior Forums, Boards and ExCos.

Deliver key signature programmes as mandated and agreed with the Barclays UK COO ExCo. and Barclays UK Regulatory Forum, chaired by the COO of Barclays UK.

Your role:

• Analyse regulations and provide technical overviews of compliance requirements and high level views of impact on Barclays UK.
  
• Coordinate quality assurance reviews of regulatory analyses undertaken by legal and compliance stakeholders to ensure suitability for impact assessments to proceed.
  
• Develop regulatory rules and requirements for implementation of regulatory change and define Body of Evidence requirements to demonstrate compliance with the regulations.
  
• Conduct traceability mapping & requirements analysis between regulations, rules, requirements and solution to provide an auditable view of how Barclays UK is complying with the regulations.
  
• Review business controls against regulatory requirements to demonstrate Barclays UK's ongoing compliance with the regulations following implementation into BAU. Contribute to the development of business analysis, change management tools, techniques, standards and methodologies to improve their efficiency and effectiveness.
  
• Document the regulatory requirements and provide technical knowledge to facilitate the completion of impact assessments for new regulations and the shaping of Barclays UK's strategic response to new regulations.
  
• Liaise with project managers and business owners to ensure that regulatory projects in progress are developed to deliver the regulatory change requirements and provide full regulatory compliance for Barclays UK.
  
• Define and document the regulatory requirements and controls frameworks/dashboards to demonstrate Barclays UK's ongoing compliance to the regulator, auditors and business.
  

Essential Skills

• Experience in tracking changes to existing regulations and identifying upcoming regulations that will impact Barclays UK (Wealth, Entrepreneurs and Business Banking, Personal banking, Mortgage and Barclaycard UK).
  
• Experience in documentation of regulatory requirements and documentation/design of business controls to meet regulatory requirements.
  
• An ideal candidate would be someone who has a natural flare and passion for the regulatory space and a genuine interest in reading and understanding the regulatory requirements.
  
• Experience of interfacing with multiple stakeholders across legal, compliance and the business in developing regulatory overviews, rule books, traceability matrices, body of evidence and control dashboards.
  

Desirable skills

• Educated to degree or MBA level to be able to meet the intellectual demands of the job, or can demonstrate equivalent experience;
• Knowledge/formal training in formal traceability methodologies and practices
• Knowledge/formal training in regulation interpretation and impact assessment

About Us

Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-term sustainable returns.

Risk and Control Objective

All Barclays colleagues have to 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.

Your Application

To be considered for this role, click on the apply button now.

Barclays Values & Diversity

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager. We are an equal opportunity employer and we are 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.