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Audit Credit Risk - AVP

Job Description

Purpose of the role

To support the development of audits aligned to the bank’s standards and objectives by working collaboratively with colleagues, providing accurate information and recommendations, and complying with policies and procedures.

Accountabilities

  • Audit development and delivery support, including financial statements, accounting practices, operational processes, IT systems and risk management.
  • Identification of operational risks to support the delivery of the Barclays Internal Audit (BIA) Audit Plan through risk assessments.
  • Assessment of internal control effectiveness and their capability to identify and mitigate risk aligned to regulatory requirements.
  • Communication of key findings and recommendations to stakeholders, including the Audit Owner, senior managers and directors.
  • Identification of regulatory news and industry trends/developments to provide timely insight and recommendations for best practice.

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.

Join us as an Audit Credit Risk AVP and take a lead role in delivering high-quality audits aligned to Barclays’ Credit Risk strategy. In this role, you’ll manage and execute end-to-end audits, assess risk and control frameworks, and ensure audit issues are clearly defined and appropriately assessed. You’ll work closely with senior stakeholders, contribute to continuous monitoring, and support the delivery of the BIA Audit Plan. This is a great opportunity to join a collaborative team with strong mentorship and development support, focused on retail credit risk in a dynamic global banking environment.

To be successful as an Audit Credit Risk-AVP, you should have experience with:

  • Experience in audit and/or retail credit risk

  • Familiarity with 1LOD/2LOD/3LOD controls and risk frameworks

  • Experience working with global banks and regulatory expectations

Other highly valued skills include:

  • Communication skills with both technical and non-technical stakeholders

  • Background in a quantitative STEM discipline or relevant professional qualification (e.g. CFA, FRM)

  • Ability to scope, manage, and deliver audit work independently and accurately

You may be assessed on 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.

This role is based out of Wilmington, DE.

Average salary estimate

$100000 / YEARLY (est.)
min
max
$80000K
$120000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Audit Credit Risk - AVP, Barclays

As the Audit Credit Risk - AVP at Barclays, you'll play an integral role by leading the charge in delivering high-quality audits that align with the bank's Credit Risk strategy. Based in the Dryrock Building, Wilmington, you will have the opportunity to dive deeply into the world of audit development—working on financial statements, operational processes, and IT systems while ensuring all practices comply with regulatory standards. Your day-to-day will involve assessing internal controls, identifying operational risks, and crafting clear recommendations that will be communicated to senior stakeholders. You will also engage in continuous learning, keeping abreast of regulatory changes and industry trends to provide actionable insights. At Barclays, we pride ourselves on collaboration and mentorship; you'll work with experienced colleagues who are committed to building your skills further. Your unique blend of audit experience and understanding of retail credit risk will allow you to influence decision-making, contribute to policy development, and guide your team to success. You'll also have the chance to hone your leadership skills, whether you are guiding a team or embarking on individual assignments. This is a great gateway to not just advance your career but to make a substantial impact on our operations. Join us in shaping the future of credit risk audits and putting your stamp on a rapidly evolving banking environment where your expertise truly matters.

Frequently Asked Questions (FAQs) for Audit Credit Risk - AVP Role at Barclays
What are the primary responsibilities for the Audit Credit Risk - AVP position at Barclays?

The primary responsibilities for the Audit Credit Risk - AVP at Barclays include leading end-to-end audits focused on retail credit risk, assessing risk and control frameworks, and ensuring that audit issues are clearly defined and appropriately assessed. You will also manage audit development support involving financial statements and operational processes, communicate key findings to senior stakeholders, and stay on top of regulatory news and industry trends.

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What qualifications are needed for the Audit Credit Risk - AVP role at Barclays?

To succeed in the Audit Credit Risk - AVP role at Barclays, applicants should have experience in audit and/or retail credit risk. A solid understanding of 1LOD/2LOD/3LOD controls and risk frameworks is essential. Highly valued qualifications include a background in a quantitative STEM discipline or relevant professional certifications like CFA or FRM, along with strong communication skills to engage both technical and non-technical stakeholders.

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How does the Audit Credit Risk - AVP role at Barclays contribute to risk management?

The Audit Credit Risk - AVP role at Barclays directly contributes to risk management by identifying operational risks, assessing internal controls, and providing insights for improved governance. You will actively participate in the Barclays Internal Audit Plan, offering recommendations that align with regulatory requirements and best practices to mitigate risks effectively.

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What skills are necessary for a successful Audit Credit Risk - AVP at Barclays?

Necessary skills for a successful Audit Credit Risk - AVP at Barclays include strong analytical and problem-solving abilities, effective communication skills, and a solid grasp of risk and controls. Leadership skills are also crucial, especially if you are responsible for guiding a team. Candidates should display business acumen and strategic thinking to navigate the complexities of the banking environment.

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What growth opportunities are available for an Audit Credit Risk - AVP at Barclays?

As an Audit Credit Risk - AVP at Barclays, you will have exceptional growth opportunities, including mentorship from experienced colleagues and the chance to lead complex audits. You'll be part of a collaborative team focused on continuous monitoring and improvement, which can open pathways to higher leadership roles within the company and the finance industry.

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Common Interview Questions for Audit Credit Risk - AVP
How do you ensure compliance with regulatory standards in your auditing process?

In order to ensure compliance with regulatory standards in my auditing process, I stay updated on the latest regulations affecting the banking industry and incorporate them into our audit framework. I also conduct thorough assessments of internal controls and risk frameworks to ensure they align with these standards, and consistently communicate findings and recommendations to stakeholders for timely action.

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Can you describe your experience with retail credit risk assessments?

My experience with retail credit risk assessments involves leading comprehensive audits focusing on the credit approval process, analyzing customer data, and understanding the risk levels involved. I utilize data analytics to assess creditworthiness and ensure that our processes adhere to both internal policies and external regulations, laying the groundwork for effective risk management.

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What strategies do you use for effective team leadership in audit?

For effective team leadership in audit, I emphasize open communication, setting clear objectives, and fostering a collaborative environment. Regular feedback sessions help me guide my team towards achieving our goals while encouraging personal development and accountability for their contributions.

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How do you manage to identify gaps in risk management during audits?

Identifying gaps in risk management during audits involves a structured approach where I first review existing controls and compliance frameworks. Utilizing data analysis and interviews with employees helps uncover any weaknesses. I then develop tailored recommendations to address these gaps, ensuring our auditing process evolves continuously.

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What role does data analysis play in your audit procedures?

Data analysis plays a crucial role in my audit procedures as it allows me to identify trends, anomalies, and potential risks effectively. By analyzing data from multiple sources, I am able to provide a more comprehensive view of the audit area, enabling me to make informed recommendations that drive operational effectiveness.

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How do you handle disagreements with stakeholders during audits?

When facing disagreements with stakeholders during audits, I prioritize open dialogue and active listening. I present evidence-based findings and recommendations, while remaining receptive to their feedback. My goal is to reach a mutual understanding, ensuring that we collaborate effectively to mitigate risks and enhance internal controls.

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What is your process for recommending improvements based on audit findings?

My process for recommending improvements based on audit findings includes comprehensively analyzing the existing processes, identifying weaknesses, and gathering input from relevant stakeholders. I then develop actionable recommendations that align with regulatory standards and best practices, providing a clear roadmap for implementation.

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What challenges do you foresee in the Audit Credit Risk - AVP role?

Challenges in the Audit Credit Risk - AVP role may include navigating the complexities of regulatory changes and ensuring alignment across different functions. Additionally, managing stakeholder expectations and effectively communicating audit findings can also be challenging, but I view these challenges as opportunities for growth and enhanced collaboration.

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Why is it important to stay current with industry trends in this role?

Staying current with industry trends is essential in the Audit Credit Risk - AVP role because it equips you with the knowledge to adapt audit strategies and recommendations effectively. Understanding shifts in the regulatory landscape and emerging risks allows auditors to provide timely insights and ensure the institution remains compliant and risk-efficient.

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Can you share an example of a successful audit project you've led?

A successful audit project I led involved assessing a retail credit risk process that had previously faced compliance issues. By implementing a rigorous audit framework and effective communication channels, we were able to identify key risks, engage stakeholders, and roll out corrective measures. The project not only enhanced compliance but also improved overall operational efficiency.

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EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
April 20, 2025

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