Third Party Risk Manager

Overview

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 management and risk management.

What you'll do

• Manage and execute the Third Party Service Provider control processes, including oversight of Third Party Service Providers and their performance.
• Monitor KPIs to guarantee expectations are met.
• Collaborate with various stakeholder groups to produce deliverables that meet procurement needs, policies and standards, mitigate Third Party Service Provider risks and issues, and ensure relationships align to the bank's needs and business strategy.
• Identify Third Party Service Providers that will provide the right goods and services through market research, capabilities analysis and contract negotiation.
• Identify industry trends and developments related to Third Party Service Provider management tools and techniques by attending conferences and participating in training.
• Monitor 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.
• Collaborate with regulatory teams to support Global regulatory requests, exams and ongoing activity.
• Perform prescribed activities in a timely manner and to a high standard, consistently driving continuous improvement.
• Lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources, where the position has leadership responsibilities.
• Escalate breaches of policies and procedures appropriately.
• Take responsibility for embedding new policies and procedures adopted due to risk mitigation.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to.
• Deliver your work in line with relevant rules, regulation and codes of conduct.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience.
• Guide and persuade team members and communicate complex or sensitive information.
• Act as contact point for stakeholders outside the immediate function, while building a network of contacts inside and outside the organisation.

What you'll need

• Advanced level knowledge of Third-Party Risk or Operational Risk, including associated Risk and Control Framework, processes, contractual/commercial arrangements, control assurance and applications used to manage risk.
• Experience dealing with multiple global senior-level internal and external stakeholders in different business functions, managing their objectives, service expectations and priorities (e.g. Chief Control Office, Compliance, Legal, Risk, Control Assurance/Audit and/or Risk Category Owners).
• Fair 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.
• Ability to think creatively and holistically about business challenges involving TPRM requirements, to manage and track remediation actions or plans, risk exceptions or approvals, and to comply with deadlines and associated risk or escalations.
• Experience maintaining a complete and accurate risk profile of third parties, with early visibility of emerging issues through first-level 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 in managing senior executive relationships.
• Excellent attention to detail, with strong analytical skills and an ability to make sound judgements.
• Ability to work towards continuous improvement in the process managed and drive efficiency and effectiveness in work delivery.
• Risk mindset: ability to identify, capture, highlight and, as required, take steps to mitigate identified risks.

Nice to have

• Knowledge of Contractual/Commercial arrangements within the Banking Industry and market knowledge.
• 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 and service parameters.
• Experience in Supplier Management, Procurement, Contracts and/or 3rd Party Risk Vendor Management or Risk domain may be assessed as key critical skills.

Details

• Location: Noida, Candor TechSpace.
• Role will be based out of Noida.