Nick Barratt

Background

About Nick Barratt

My passion and expertise centres in working with key business stakeholders in an advisory capacity to help detect, prevent, and deter financial crime. I bring over 15 years’ worth of experience advising and delivering projects within both the private sector and financial institutions in the financial crime and cybercrime domains, helping manage reputational and financial risk arising out of fraud, regulatory, compliance and sanctions matters. My specialisation is supporting management to deliver cost effective operational models that ensure regulatory compliance and an adequacy of financial crime control. I adopt a risk-based outcomes-focused approach and always conduct my work with integrity, skill, care, and diligence assuring nothing, however small, is missed. I am credible, independent, and experienced with a unique ability to explain everything in plain English to ensure that there is a common understanding of the individual risks, challenges, and potential solutions as well as the best options to integrate and balance people, processes, data, and technology. I have experience leading high performing teams across a variety of projects and pride myself in my ability to articulate a vision, and support and influence others to move towards common goals and objectives. My peers view me as a subject matter expert who brings a unique perspective to develop ideas in new ways, to see and solve problems before they occur, and develop solutions based on original, novel, or unconventional approaches. Through a detailed knowledge of criminal activity and the financial crime and cybercrime space, I can efficiently assess whether existing systems, controls and policies are proportionate and effective. As a result, I can help implement in-depth, innovative solutions and controls for preventing financial crime, for meeting regulatory compliance and for managing risk whilst simultaneously delivering real business outcomes, reducing customer friction, and creating long term value in highly complex, competitive environments. With strong business acumen, I can layer technical and business requirements into sophisticated strategies, create sustainable financial crime risk operating models to meet the ever-changing needs of businesses, and provide meaningful reports and papers for governance fora up to and including board level. A career highlight was my integral involvement in the launch of the C-Best Cyber Security Best Practice program launch by the Bank of England in 2015.