What will you be doing?

Barclays Services Corp. seeks Sr Tech Business Analyst, AVP in Whippany, NJ (multiple positions available):

• Analyze complex datasets to identify patterns, trends, and anomalies in financial transactions that may indicate money laundering financial crimes.

• Develop and maintain regular and ad-hoc reports that highlight risk exposures, compliance trends, and operational efficiency within Barclays Correspondent Banking Unit.

• Collaborate with cross-functional teams, including compliance operations, transaction monitoring, and partner systems, to elicit, analyze and document requirements for new and to enhance existing AML scenarios for Barclays Correspondent Banking.

• Create Business Required Document (BRD) and Functional Requirement Document (FRD) in alignment with Barclays compliance regulatory requirement for effective AML Case Management.

• Liaise with the technical team to hand over documented requirements for application development withing the Oracle Mantas Application and the Oracle Financial Services Analytical Application Financial Crime and Compliance Management (OFSAAFCCM) suite.

• Utilize Oracle Business Intelligence Enterprise Edition (OBIEE) tool to enhance the quality and accuracy of reporting.

• Conduct in-depth analysis and execute the optimization of analytical models, ensuring each stage of the transition is meticulously planned and aligned with business objectives.

• Validate the implementation of new changes to existing design, ensuring they meet the regulatory requirements and operational requirements during various phases like SIT, UAT and PVT.

• Review current business processes and workflows to find inefficiencies and gaps in Business Surveillance Enhancements, providing input for improving AML Scenario Rules Optimization.

• Perform Below the Line (BTL) validation twice a year to identify false positives and true negatives, using statistical formulas to analyze data trends and optimize AML transaction monitoring scenarios.

• Coordinate with upstream and downstream partner systems to ensure seamless data flow as per defined requirements, addressing any discrepancies or issues encountered.

• Work closely with Run the Bank (RTB) and IT teams to ensure proper deployment of newly developed functions, monitor daily batch processing, ensuring operational efficiency and addressing issues during production outages.

• Perform the quality checks for the integrity and accuracy of the entire Mantas data set during infrastructure upgrades and migrations, including the transition to the new Red Hat Enterprise Linux (RHEL) and Oracle database version.

• Support the Product Owner by providing analytical data and insights to the Barclays Internal Audit (BIA) and for external audit requirements and compliance reviews.

• Implement the mitigation strategies based on risk assessment findings and collaborate with relevant teams to implement these strategies.

• Provide training and support to junior analysts and other staff members on AML processes, tools, and best practices.

• Lead knowledge sharing sessions to enhance the overall understanding of financial crime and compliance within the organization.

• Utilize project management methodologies to track progress, manage delivery risks, and communicate status to senior management.

Minimum Salary: $169,541 per year

Maximum Salary: $175,000 per year

The minimum and maximum salary/rate information above includes only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

Barclays employees are eligible for a suite of a competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.

This position is eligible for an incentive award.

Purpose of the role

To support the organisation, achieve its strategic objectives by the identification of business requirements and solutions that address business problems and opportunities.

Accountabilities

• Identification and analysis of business problems and client requirements that require change within the organisation.
• Development of business requirements that will address business problems and opportunities.
• Collaboration with stakeholders to ensure that proposed solutions meet their needs and expectations.
• Support the creation of business cases that justify investment in proposed solutions.
• Conduct feasibility studies to determine the viability of proposed solutions.
• Support the creation of reports on project progress to ensure proposed solutions are delivered on time and within budget.
• Creation of operational design and process design to ensure that proposed solutions are delivered within the agreed scope.
• Support to change management activities, including development of a traceability matrix to ensure proposed solutions are successfully implemented and embedded in the organisation.

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.