Job Description

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.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• 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 be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills 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 "TPRM Portfolio Lead" at Barclays, where you'll be part of the global Supplier Management team, leading a Supplier Management portfolio and leading part of the India Third Party Risk Management team. The portfolio includes global suppliers delivering a wide variety of services including software/ network/technology services etc. The role will be a part of the extended leadership of the India Third Party Risk Management team as well as the global Third Party Risk Management team.  

To be successful as a "TPRM Portfolio Lead”, you should have experience with:

• A Post-Graduate or Graduate as on the date of application.
• Experience in Third Party Risk Management/Risk Management/Strategic Leadership/ Project Leadership/Supplier Management/Regulatory Engagement/Procurement
• A risk leader with a proven risk mindset and track record in identifying, recording, remediating and communicating risk in day-to-day operations
• Proven ability to lead complex teams demonstrating ability to come up with medium to long term strategies and ability to improvise as required
• Expert level Knowledge of Third-Party Risk, including but not limited to, experience on associated Risk and Control Framework, processes, Contractual/Commercial arrangements, Assurance and applications used to manage risk.
• Detailed understanding of the regulatory environment for Financial industry especially surrounding Third Party risk management
• 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.
• 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.
• Proven communication skills demonstrating clear, confident and articulate communication in senior executive level relationships.
• Excellent attention to detail, with strong analytical skills and an ability to make sound judgements.
• Demonstrate ability to work towards strategic initiatives and continuous improvements in the processes.
• 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 with Technology/BPO or Business Services Third Party Risk Management
• Knowledge of Contractual/Commercial arrangements within Industry /Market
• Knowledge of Barclays business areas, key priorities and challenges
• Experience with Banking, insurance, 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 Third Party Risk Management/Risk Management/Strategic Leadership/ Project Leadership/Supplier Management/Regulatory Engagement/Procurement.

This role will be based out of Noida.