Job Description

Purpose of the role

To support Transaction Monitoring with investigating and reporting suspicious activity to the NCA when necessary. 

Accountabilities

• Support with day-to-day Transaction Monitoring initiatives including, reviewing, investigating and reporting through AML expertise.
• Execution of monitoring checks on customers, transactions, and other activities to identify potential risks and comply with regulatory requirements.
• Management of issues and alerts arising from transition monitoring tests, including the investigation and resolution of each incident.
• Collaboration with teams across the bank to align and integrate Transaction Monitoring processes.
• Identification of areas for improvement and providing recommendations for change in Transaction Monitoring processes.
• Development and implementation of Transaction Monitoring procedures and controls to mitigate risks and maintain operational efficiency.
• Identification of industry trends and developments to implement best practice in Transaction Monitoring Services.
• Participation in projects and initiatives to improve Transaction Monitoring efficiency and effectiveness.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• 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 develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

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.

Step into the role of TM Analyst - BUK Expert at Barclays, where you'll provide first-class support by conducting in-depth due diligence, ensuring compliance with regulatory requirements, and safeguarding our clients and organization with expertise and care.

About Corporate KYC

KYC Operations holds a number of different functions, covering the different relationships and lifecycles we will have with our Clients. Within KYC Operations, we manage KYC for Client Onboarding, Refresh & Maintenance, Quality Control, Client Management Services and also Risk, Assurance & Regulation.

Corporate banking is a financial area that involves loaning money and other financial services to businesses. Rather than small businesses or start-ups, corporate banking serves enterprise corporations while business and investment banks might help smaller businesses grow. These businesses are carried on by non-ring-fenced bank (Barclays Bank PLC) and its subsidiaries. Corporate UK falls within the CIB business. Corporate UK offers products and Services to UK clients whose businesses have a turnover at least £6.5m. Corporate UK relationships cover clients that fall into several industries. The individual will be liaising with RD, to complete the overall case.  This role is part of the KYC (Know Your Customer) team. KYC support our colleagues in Client Coverage and manage the KYC Refresh due diligence processes.

About KYC High Risk Refresh

This team works towards completion of KYC refresh for High Risk clients as part of a regulatory commitment. Enhanced due diligence (EDD) is the application of an increased level of scrutiny over the Customer, their related parties and their relationship with Barclays. Barclays must conduct EDD in all scenarios that present a higher risk of money laundering or terrorist financing. During EDD reviews, Barclays will review the CDD information and conduct additional research to assess other relevant Customer, product, and geographical risk factors. EDD reviews may result in requests for additional information from the Customer as well as public domain searches. ­­­­­

Overall Purpose of the Role

The purpose of EDD is to provide Barclays with an understanding of the risks associated with higher risk relationships, and to help mitigate and manage the risks presented. Based on what is learned during EDD, Barclays must consider whether to enter or maintain the relationship with the Customer.

• A specialist member of the KYC (Know Your Customer) team responsible for obtaining, completing, and maintaining all Regulatory KYC documentation for all clients in accordance with the Bank's guidelines and in compliance with UK & global financial regulations.

• To provide high value, business critical KYC technical support to the Corporate Bank Relationship Team.

• To liaise directly with Relationship Directors to gather KYC information, maintaining a professional manner and delivering excellent client service while managing potentially sensitive client information.

• To work in partnership with other Barclays Corporate teams (Relationship Directors, and Financial Crime) – as well as our wider business functions (Barclays Wealth, and the Corporate Bank – both in the UK and internationally) – to deliver a ‘One Barclays’ client experience.

You may be assessed on key critical skills relevant for success in role such as:

• Provide dedicated and robust specialist KYC expertise throughout the Refresh Process. Using expert KYC knowledge, communication, and problem-solving skills to analyse KYC information, that has been provided by Clients or sourced from the public domain, for a broad range of Clients, including a wide variety of specialist industry sectors and various unique projects.

• Take responsibility for maintaining a high standard of accuracy during all stages of the Client review, working towards ‘right first time’ objectives, taking ownership to resolve issues that may threaten remediation and refresh cycle timelines or Client satisfaction. Proactively working towards deadlines to resolve complex and high priority cases and utilising strong communication skills to interact professionally with external and internal stakeholders.

• Use expert KYC knowledge to analyse KYC information for a broad range of Corporate Clients, including a wide variety of specialist industry sectors and various unique projects.

• Use strong problem solving and team working skills to resolve complex, high-priority cases, while ensuring the Bank’s regulatory requirements are always met.

• Use strong communication skills to explain the reasons for our KYC requirements, to manage Client expectations regarding our processing times, and to always deliver an excellent Client experience making Barclays the ‘go to bank’.

• Use strong time management skills to complete complex, business critical tasks within pressured timescales – ensuring the KYC Team meets all target SLA’s, and providing a quick and efficient service to Clients.

• Contribute to a Positive, Supportive and Proactive working culture by sharing knowledge and expertise both locally and globally. Collaborate with other Barclays teams & functions to consistently deliver an excellent ‘One Barclays’ Client experience and challenging operational processes with solutions to enhance the team’s current processes.

Desirable Skillsets:

• End to End KYC Knowledge and Experience in High-Risk review is a must.

• Specialist knowledge in EDD, understanding and experience in reviewing company structures, organisations and ownership – for example Trusts, Charitable Organisations, Nominated Entities, Defence, Gaming and Gambling, Politically Exposed Persons, High Risk Jurisdictions (including HRTC).

• In depth knowledge of Global KYC policies and procedures.

• Knowledge and understanding of the legislation that affects Barclays and our Clients (including the Data Protection Act, Companies Act, Insolvency Act, Financial Services Act, Money Laundering, and confidentiality regulations).

• Knowledge, understanding and experience of the importance of KYC to the Bank through the various lenses; i.e risk and regulation

• Role demands interaction with different departments including RAU, Coverage, Screening, various forums etc. to ensure seamless completion on the refresh cases.

• Strong stakeholder management skills and experience of working with key stakeholder e.g. Financial Crime and Front Office teams would be beneficial.

• Excellent communication skills: must interact professionally with Front office and internal stakeholders via phone or email.

• Excellent written and verbal English language skills required.

• Strong time management skills to be able to proactively manage your workload effectively to complete complex and high-priority tasks within target timescales.

• Time management skills: must manage workloads effectively to complete complex and high-priority tasks within target timescales.

• Analysis & Judgement: must undertake KYC analysis with a high level of accuracy and attention to detail.

• Proven KYC Operational Background. Experience of working with Financial Crime.

You may be assessed on key essential 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 is based out of Chennai.