Barclays
Economic Crime Tool & Model Lead
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Job Description
Purpose of the Role
To support the Risk Function in delivering its objective of safeguarding the bank's financial and operational stability by proactively identifying, assessing, mitigating, and monitoring risks across various business units and activities.
Accountabilities
- Development of strategic direction for risk, including the implementation of up-to-date methodologies and processes.
- Management of the risk department, including oversight of risk colleagues and their performance, implementation of risk priorities and objectives, oversight of department efficiency and effectiveness.
- Relationship management of risk stakeholders, including identifying relevant stakeholders, and maintenance of the quality of external third-party services.
- Adherence to the Risk policy, standards and frameworks, and maintaining a robust control environment.
Vice President Expectations
- To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures.
- If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements.
- 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
- For an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions.
Role Specific Expectations
- Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
- Manage and mitigate risks through assessment, in support of the control and governance agenda.
- Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
- Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
- Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
- Adopt and include the outcomes of extensive research in problem solving processes.
- Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.
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Barclays Values and Mindset
- 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.
Join Us
Join us as a Business Banking Economic Crime Tool & Model Lead, where you will provide strategic and team leadership as well as Business Banking ownership for Economic Crime tools and models used to identify, quantify exposure, and prioritise activity to manage the Economic Crime Risk across the business. This will include holding the strategic vision for the estate of tools and models for Business Banking, seeking to drive enhancements in line with Group strategy as well as technological and data advances.
You will drive the identification, assessment, and mitigation of emerging economic crime risks, leveraging horizon scanning, data insights, and industry expertise to strengthen the control environment. Working closely with Technology, Change, Operations, Decision Analytics, Compliance, and business stakeholders, you will oversee all tools and models, and their enhancements, ensuring solutions remain aligned with regulatory expectations and evolving risk typologies.
You will be leading a team accountable for documenting business requirements, overseeing development and testing, monitoring, and assessing efficacy and stability, managing calibrations, and the ongoing optimisation of both owned and consumed tools from across the Barclays estate of Financial Crime tools. You will ensure effective stakeholder management, including reporting to Senior Executives and responses to Regulators and second & third line reviews.
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As a people leader, you will develop and grow a team of subject matter experts, fostering a culture of continuous improvement, innovation, and excellence. You will also play a key role in change initiatives, translating business requirements into effective technical solutions, leading assurance and User Acceptance Testing activities, ensuring robust governance throughout the change lifecycle.
Essential Skills
- Extensive Economic Crime experience, with a deep understanding of AML, Screening, KYC, Transaction Monitoring, Fraud and Scam prevention, financial crime typologies, associated risks, and industry best practice.
- Proven experience in Economic Crime tools, models, and risk management frameworks, including their development, optimisation, governance, and limitations.
- Understanding relevant KRI’s and KPI’s.
- Horizon scanning and risk identification capabilities, with the ability to proactively identify emerging threats and recommend appropriate control enhancements.
- Experience producing high-quality business requirements documentation, translating regulatory and business needs into clear technical deliverables.
- Knowledge of Transaction Monitoring, Sanctions and Name Screening, and Financial Crime Risk Assessment and Modelling methodologies.
- People leadership experience, with the ability to lead, coach, and develop high performing teams in a complex environment.
- Excellent stakeholder management and influencing skills, with the ability to build effective relationships across business, technology, risk and compliance functions.
- Experience working with model governance, service modelling, or model performance management frameworks.
- Experience of Audit or Assurance with Economic Crime – Business Banking.
Highly Valued Skills
- Experience operation within a split accountability model across multiple business and technology stakeholders.
- Experience leading or contributing to deep-dive thematic reviews, risk assessments, or regulatory remediation activities.
- Knowledge of incumbent/industry systems and tools used for Risk Rating, transaction monitoring, and screening
- Knowledge of Fraud detection models and tools.
- Ability to understand, interpret, and challenge technical code and model logic to support tool and model effectiveness.
Assessment
You may be assessed on the 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.
Location
This role will be based in our Glasgow, London or Northampton office.
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