Compliance Degree Apprenticeship
You might not know it yet, but Compliance is one of the most fascinating areas inside our bank. You’ll quickly discover that it’s not just about making sure our bank meets rules and regulations; it’s also about being trusted advisors, preventing risks for the bank and our customers. Spotting potential fraud across the nation. Looking at data and behaviour patterns to help financial crime agencies. In short, you’ll use data to keep our bank and customers safe, and find yourself a secure career path into the bargain. From Financial Crime Investigations to Trade Surveillance, we’ll train you in the skills you need – no experience necessary.
There are all kinds of things you might do over the three years: you might become an expert on one project, or you might move through areas from eComms Surveillance to Analytics and Reporting. No matter where you end up though, there are some things we can say for sure:
First, your practical work for us will see you spend four years learning how Compliance works within our bank – and where it’s going in the future. You’ll learn to be investigative; to look at data and use it to create a picture of what’s happening in the financial world. We’ll train you in how to spot unusual trends in data that might uncover money laundering, for instance, and how to use past lessons to stop future customers from buying the wrong financial products for their needs.
At the same time, you’ll also be studying towards the International Certificate in Financial Services Risk Management from the Institute of Risk Management. With study leave and space to learn academically as well as professionally, you’ll balance your work and your degree, with help from mentors and managers.
Over your time on the programme, you might even take part in our impressive Compliance Career Academy – a programme providing thorough training in every aspect of Compliance. This amazing opportunity is offered in partnership with the business school arm of the University of Cambridge – and like everything we do, it’s open to Higher Apprentices of all ages, backgrounds and qualification levels.
With all our programmes, colleagues are responsible for ensuring that all activities and duties are carried out in full compliance with regulatory requirements, Barclays Operational Risk Framework and internal Barclays Policies and Standards.
It all starts with an induction event attended by absolutely all Higher Apprentices, whichever programme you’re on, from Compliance to Agriculture.
From there, it’s three years of balanced practical work inside the bank and academic study towards vital qualifications. With the support of your managers, your colleagues and a dedicated buddy, you’ll sharpen your financial skills on all kinds of projects and in all kinds of roles.
Many of our Compliance Apprentices will move through different rotations, depending on what’s needed in the business. What do we mean by that? Well, it’s about getting to know a role in one department within Compliance, then moving on again to try something new with another team – building your skills, your interests, your contacts, and your understanding of Compliance as a whole.
The way our rotations work means it might be six months in one team and six months in another, or it might be that you stay with one team for a full year before moving on.
Sometimes, you might even stay with one team for the entire programme. It’ll vary depending on our business needs and your interests.
You’ll become a qualified professional too, as you balance real work with academia, studying towards the International Certificate in Financial Services Risk Management.
In your first year of those studies, you’ll get an introduction to a range of subject areas, starting to build your skills. That includes an extensive range of introductory modules, including:
- Risk Management
- Credit Risk
- Business Support and Recoveries
- Operational Risk
- Fraud Risk
- Financial Crime
- Traded Market Risk
- Non Traded Market Risk
- Funding Risk
- Risk Measurement
- Risk Analytics
For the first two years, you’ll spend around 4-6 weeks per academic year at university – taken as one or two weeks study blocks, spaced throughout the year. You’ll also have a half day off per week for study leave, although you might work with your manager to structure that in a different way, depending on what suits you and your team best. For instance, you might take it as a full day every fortnight.
In your second year, you’ll start to broaden your understanding, looking in more depth at specific skills required within risk management, from risk response to assessing risk appetite. In your studies, your modules will include:
- Concepts and definitions of risk and risk management
- The global business environment
- Risk Management Standard
- Risk Strategy and framework
- Enterprise Risk Management
- Risk culture, conduct, appetite and tolerance
- Risk Assessment 1 – Introduction and Identification
- Risk and Organisations
- Risk Assessment 2 – Risk Analysis and Evaluation
- Risk Assurance and Reporting
- The Commercial Environment
- Risk Response and Treatment
- Case Studies – Organisation Risk Management
Throughout your programme, there are various kinds of assessment we’ll use to help you test your skills and see your progress. Those include examinations, reviews with your manager, and then comes your final year.
Here, you’ll find your big chance to demonstrate everything you’ve learned. You’ll build your portfolio of work-based evidence, and you’ll work on a risk-based final project – all the while supported by your manager, tutor and team. Then at the end, you’ll have your professional presentation and discussion, led by Barclays and by an independent assessor – all of whom are there to help you do well.
Length: 3 years
Requirements: Three A Levels at BCC (or equivalent)
With home markets in the UK and US, Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management.
With over 325 years of expertise in banking, Barclays operates in over 40 countries, employing around 85,000 people to help move, lend, invest and protect money for customers and clients worldwide.
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