Third Party Risk Manager

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.

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 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 revolutionise our digital offerings, ensuring unapparelled customer experiences.

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

• Educational Qualification – A Post-Graduate or Graduate as on the date of application.
• Expert level Knowledge of Third-Party Risk, including but not limited to, experience on associated Risk and Control Framework, processes, Contractual/Commercial arrangements, Control Assurance and applications used to manage risk.
• Experience in dealing with multiple Global Senior level internal and external stakeholders in different business functions and managing their objective, service expectations and priorities e.g. Chief Control Office, Compliance, Legal, Risk, Control Assurance / Audit and / or Risk Category Owners, etc.
• Good understanding of the end-to-end Third-Party Risk Management lifecycle including onboarding, inherent risk assessment, due diligence, continuous monitoring, and Third-Party Exit.
• Strong understanding of Risk Management and Regulatory Frameworks related to Third Party Risk.
• People Management experience, of leading and coaching a team of Supplier Managers, setting relevant KPIs for them, managing performance and supporting their continuous development.
• Ability to think creatively, holistically, about business challenges involving TPRM requirements to manage, track remediation actions or plans, risk exceptions or approvals to effectively comply with deadlines and associated risk or escalations.
• Experience in maintaining 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 executing remediation action plans.
• Strong written and spoken communication skills in English; confident and articulate to manage senior executive level relationships. Excellent attention to detail, with strong analytical skills and an ability to make sound judgements.
• Demonstrate ability to work towards continuous improvements in the process managed and drive efficiency and effectiveness in the work delivery.
• Bring onboard a risk mindset i.e., demonstrate ability to identify, capture, highlight and as required takes steps to mitigate identified risks.

Desirable skillsets/ good to have:

• Knowledge of Contractual/Commercial arrangements within Industry /Market
• Knowledge of Barclays business areas, key priorities and challenges
• Understanding of cost, risk & service parameters
• Experience with insurance, banking, or other financial services environments is preferred.
• Extensive knowledge of IT risk management, cybersecurity principles, and compliance standards is preferred.

You may be assessed on the key critical skills relevant for success in role, such as experience in Supplier Management / Procurement / Contracts and / or 3rd Party Risk Vendor Management / Risk domain.

Location - Noida.