Business Control Officer – Interest Rates

Barclays Business Control Officer – Interest Rates: A Strategic Opportunity for Risk & Control Professionals

Barclays is seeking a driven and analytical Business Control Officer to join their esteemed Interest Rates team in London. This pivotal role offers a significant opportunity for professionals passionate about risk management, control frameworks, and safeguarding a leading financial institution. If you are looking to deepen your expertise in a dynamic and high-impact environment, this position warrants serious consideration.

What This Opportunity Offers:

• Critical Role in Risk Mitigation: You will be at the forefront of protecting Barclays’ operational, financial, and reputational standing by ensuring the integrity and effectiveness of the Interest Rate business's internal control framework. This is a chance to make a tangible difference.
• Strategic Collaboration: This role necessitates close partnership with a diverse range of key stakeholders, including Front Office, Compliance, Legal, Technology, and other vital supporting functions. This collaborative environment fosters cross-functional understanding and builds invaluable professional networks.
• Exposure to Complex Financial Products: A solid understanding of Interest Rate products, such as government bonds and interest rate swaps, is a core component of this role. You will gain practical experience navigating the complexities and potential conflicts of interest within these markets.
• End-to-End Trade Lifecycle Insight: You will develop a comprehensive understanding of the entire trade lifecycle, from booking to settlement and risk management, providing a holistic view of the business's operations.
• Data-Driven Decision Making: The position emphasizes the ability to synthesize complex data into clear, actionable insights and produce high-quality reports for senior management. This is an excellent opportunity to hone your analytical and reporting prowess.
• Continuous Improvement & Automation: Barclays is committed to enhancing its control environment and operational resilience. You will have the opportunity to drive continuous improvement initiatives and explore automation possibilities, shaping the future of risk management.
• Career Advancement: The description outlines expectations for Assistant Vice President level, including advising and influencing decision-making, contributing to policy development, and potentially leading teams. This signifies a clear pathway for professional growth and leadership development within the organization.

Key Considerations for Aspiring Candidates:

• Robust Risk & Control Foundation: A strong understanding of non-financial risk management, control design, and testing is paramount. Candidates should be adept at identifying control gaps and implementing effective remediation plans.
• Influence and Communication: Success hinges on the ability to effectively influence and collaborate with various departments. Excellent verbal and written communication skills are essential, particularly when articulating complex concepts to diverse audiences, including senior leadership.
• Regulatory Acumen (Highly Valued): While not always a strict requirement, a strong awareness of key regulations impacting Interest Rates trading (e.g., MiFID II, EMIR, Dodd-Frank) will significantly enhance your candidacy and provide immediate value.
• Adaptability in a Fast-Paced Environment: The financial services sector is constantly evolving. Candidates who possess resilience, adaptability, and the ability to thrive in dynamic environments will be well-suited for this role.
• Technological Proficiency: Advanced proficiency in Microsoft Excel, PowerPoint, and Word is expected. Familiarity with risk reporting tools and data analytics platforms is also a considerable asset.
• Proactive and Strategic Mindset: Barclays values individuals who demonstrate commercial awareness, strategic thinking, and the ability to challenge constructively. Proposing proactive solutions to emerging risks will be highly regarded.

This Business Control Officer role at Barclays represents a compelling opportunity for individuals seeking to establish or advance their careers in risk and control within the financial services industry. By focusing on strengthening controls, mitigating risks, and fostering a culture of operational excellence, you will play an integral part in the continued success of Barclays' Interest Rates business.