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:
Working Knowledge of Third-Party Risk / Operational 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.
Basic understanding of the end-to-end Third-Party Risk Management lifecycle including onboarding, inherent risk assessment, due diligence, continuous monitoring, and Third-Party Exit.
Fair understanding of Risk Management and Regulatory Frameworks related to Third Party Risk.
Ability to think creatively, holistically, about business challenges to manage, track remediation actions or plans.
Working knowledge of 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 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
Experience in performing Controls Assurance activities
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 in Supplier Management / Procurement / Contracts and / or 3rd Party Risk Vendor Management / Risk domain / Compliance / Analytics 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.
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