Barclays
Economic Crime Tool & Model Manager

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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.
- 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.
- 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.
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I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
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Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
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Role Specifics
Join us as a Business Banking Economic Crime Tool & Model Manager, where you will play a key role in defining the business requirements, development and testing, monitoring and assessing efficacy and stability, calibrations, and the ongoing optimisation of owned and consumed Economic Crime tools and models that support the organisations’ risk management framework. You will be delivering remediation and strategic action plans to maximise the business’ ability to identify Economic Crime and remain aligned with regulatory requirements, business objectives, and emerging risk trends.
Working closely with Technology, Change, Operations, Decision Analytics, Compliance, and business stakeholders, you will translate business requirements into effective solutions, ensuring that tools and models continue to meet evolving business and regulatory expectations, supported by independent assurance activity.


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Essential Skills
- Deep understanding of Economic Crime risk management frameworks and associated regulatory requirements within the Financial Services sector.
- Proven experience managing the end-to-end lifecycle of Economic Crime models and tools, including ownership, enhancement, performance optimisation, decommissioning activities and assessing residual risk.
- Proven experience in Economic Crime tools, models, and risk covering.
- Experience producing high-quality business requirements documentation, translating complex business needs into clear and actionable technical requirements.
- Ability to read, understand, interpret, and challenge technical code and model logic to support effective challenge, testing, and ongoing performance management.
- Extensive analytical and problem-solving skills, with the ability to assess model performance, identify control gaps, and develop strategic action plans to address risks and opportunities including; coverage gaps, data quality issues, model deterioration/drift.
- Deep subject matter expertise in at least one of the following areas and their associated model/tool KRI’s and KPI’s: Transaction Monitoring, Screening, Financial Crime Risk Assessment, Due Diligence.
Highly Valued Skills
- Experience challenging stakeholders with integrity, whilst maintaining positive and effective working relationships.
- Experience supporting model validation, testing, and performance assurance activities.
- Knowledge of incumbent/industry systems and tools used for Risk Rating, transaction monitoring, and screening.
- Knowledge of Fraud detection models and tools.
- Experience delivering change initiatives within a complex regulatory environment.
- Ability to code and drive analytics e.g. SQL, Python, Power BI, Data visualisation, and statistical analysis.
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 London, Knutsford or Northampton office.
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