Third Party Risk Manager

Join us as a "Third Party Risk Manager" at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences.

To be a successful "Third Party Risk Manager”, you should have experience with:

• Industry Experience. Preferred experience in Supplier Management / Procurement / Contracts and / or 3rd Party Risk Vendor Management / Risk domain / Compliance / Analytics.
• Experience in Supplier Management / Procurement, and /or 3rd party Vendor Management / Risk / Compliance / Analytics required.
• Experience in dealing with multiple Global (and virtual) stakeholders in different business functions and manage their objective, service expectations and priorities e.g. frontline, Risk, Compliance, Fraud and Legal, etc..
• Experience in performing Controls Assurance activities.
• Advanced knowledge of risk and control frameworks. Detailed understanding of Operational Risk policies & standards.
• Ability to maintains a complete and accurate risk profile of third parties, with early visibility of emerging issues through first level of assurance via analysis of control issues, identification of root causes, implications and right remedial actions required.
• Strong written and spoken communication skills in English; confident and articulate to manage senior executive level relationships.
• A Post-Graduate or Graduate as on the date of application.

Desirable skills/Preferred Qualifications:

• Knowledge of Contractual/Commercial arrangements within Industry /Market.
• Knowledge of Barclays business areas, key priorities and challenges
• Financial sector experience and knowledge of the types of services being received.
• Understanding of cost, risk & service parameters.

You may be assessed on the key critical skills relevant for success in role, such as experience with procurement, as well as job-specific skillsets.

Location - Noida.

Purpose of the role

To manage and monitor Third Party risk and performance to meet the requirements of the Barclays Third party Service provider Policy and Standards, through control execution, commercial management, relationship and risk management.

Accountabilities

• Management and execution of the Third Party Service Provider control processes, including oversight of Third Party Service Provider and their performance, monitoring of KPIs to guarantee expectations are met.

• Collaboration with various stakeholder groups to produce deliverables that meet procurement needs, policies and standards, mitigate Third Party Service Provider risks and issues and ensure Third Party Service Provider relationship align to the bank’s needs and business strategy.

• Identification of Third Party Service Providers that will provide the right goods and service through market research, capabilities analysis and contract negotiation.

• Identification of industry trends and developments related to Third Party Service Provider management tools and techniques by attending conferences and participating in training.

• Monitoring of Third Party Service Providers’ control operation to meet Barclays Third party Service provider Management Standards and contractual obligations including quality standards, risk mitigation and commercial activity.

• Collaboration with regulatory teams to support Global regulatory requests/exams/ongoing activity.

Analyst Expectations

• To meet the needs of stakeholders/ customers through specialist advice and support

• Perform prescribed activities in a timely manner and to a high standard which will impact both the role itself and surrounding roles.

• Likely to have responsibility for specific processes within a team

• They may lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources. They supervise a team, allocate work requirements and coordinate team resources.

• 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 manage own workload, take responsibility for the implementation of systems and processes within own work area and participate on projects broader than direct team.

• Execute work requirements as identified in processes and procedures, collaborating with and impacting on the work of closely related teams.

• Check work of colleagues within team to meet internal and stakeholder requirements.

• Provide specialist advice and support pertaining to own work area.

• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.

• Maintain and continually build an understanding of how all teams in area contribute to the objectives of the broader sub-function, delivering impact on the work of collaborating teams.

• Continually develop awareness of the underlying principles and concepts on which the work within the area of responsibility is based, building upon administrative / operational expertise.

• Make judgements based on practise and previous experience.

• Assess the validity and applicability of previous or similar experiences and evaluate options under circumstances that are not covered by procedures.

• Communicate sensitive or difficult information to customers in areas related specifically to customer advice or day to day administrative requirements.

• Build relationships with stakeholders/ customers to identify and address their needs.

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.