Risk & Controls Oversight Lead - Models & AI

As a Risk and Controls Oversight Lead in First Line, you'll be responsible for providing expert oversight on Models & AI . You'll play a critical role in ensuring our risk management practices are strong, effective, and always in compliance with risk and control management frameworks. You'll also act as a key bridge between the Customer & Digital Team, Chief Operating Office (CCO), second and third-line risk partners, and other stakeholders.

In this role, you'll develop and assess risk appetite, lead conversations on risk acceptance, ensure controls are designed and assessed properly, resolve gaps, and improve the control environment. You'll also ensure ongoing monitoring of controls to keep the business audit-ready, embed a proactive risk management culture, assess new business initiatives, and leverage tools like KRIs and risk dashboards.

You'll stay updated on market trends and emerging risks, driving continuous education based on internal and external themes and lessons learned. You'll be responsible for ensuring compliance with relevant laws and regulations, preparing and enhancing governance papers and reports. Additionally, you'll identify opportunities for data-led controls monitoring and automation of controls. You'll ensure compliance with RCSA, Issue Management, and Risk Events Management processes in line with the Operational Risk framework.

To be successful as a Risk and Controls Oversight Lead - Models & AI, you should have experience with:

• Expertise in Model Risk Management and Artificial Intelligence, focusing on ethical principles, transparency, fairness assessments, and model algorithms.

• Proven experience in data analytics, data science, and driving automation and digitization within Risk Management processes.

• Up-to-date knowledge of the latest advancements in Models and AI, including Generative AI, and the associated risks.

• Deep understanding of market trends, competitor activities, and the broader risk environment, using this knowledge to drive continuous improvements in internal controls.

Some other highly valued skills may include:

• Self-motivated with the ability to work independently while contributing effectively within a risk specialist team.

• Ability to balance risk considerations with commercial objectives when defining Risk Appetite and influencing stakeholders on risk acceptance.

• Capability to apply expertise in Models and AI risk within the Customer & Digital context, ensuring tailored solutions.

You may be assessed on key skills such as risk and controls, change and transformation, business acumen, strategic thinking, digital and technology skills, as well as job-specific technical skills.

This role is based in London (Canary Wharf).

Purpose of the role

To assess the integrity and effectiveness of the bank's internal control framework to support risk mitigation and protect against operational, financial, and reputational risks.

Accountabilities

• Knowledge of business areas, products, processes, and platforms to assess risk.
• Collaborate with stakeholders across the bank to improve control effectiveness through detailed documentation of assessments, procedures, and findings.
• Identify and investigate potential weaknesses within internal controls to promote continuous improvement and risk mitigation, prioritizing issues by severity.
• Develop reports to communicate risk assessment findings, control weaknesses, and recommendations to control owners, senior management, and stakeholders.
• Conduct reviews to verify the effectiveness of the internal controls framework against policies, regulations, and best practices.
• Ensure adherence to the Barclays Controls Framework and appropriate control assessment methodologies.

Vice President Expectations

• Contribute to strategy, drive requirements, and recommend changes. Manage resources, budgets, policies, and ensure continuous improvement.
• If managing a team, define roles, plan for future needs, coach employees, and contribute to performance and pay decisions.
• Demonstrate leadership behaviours: Listen and be authentic, Energise and inspire, Align across the enterprise, Develop others.
• For individual contributors, serve as a subject matter expert, guide technical direction, lead assignments, and mentor less experienced staff.
• Advise stakeholders on impact and alignment, manage risks, and demonstrate accountability for controls and risk management.
• Show leadership in managing risk and strengthening controls, collaborate across functions, and develop innovative solutions based on research and analysis.
• Build and maintain relationships with internal and external stakeholders to achieve business objectives.

All colleagues are expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, as well as the Barclays Mindset: Empower, Challenge, and Drive.