Description
We are seeking a Third Party Risk Manager to join our team at Barclays. As a Third Party Risk Manager, you will manage and monitor third-party risk and performance to meet the requirements of the Barclays Third-Party Service Provider Policy and Standards.
Key Responsibilities:
- Manage and execute third-party service provider control processes, including oversight of third-party service providers and their performance, monitoring of 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 third-party service provider 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.
- Monitor third-party service providers' control operations 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.
Requirements:
- Advanced-level knowledge of third-party risk/operational risk, including experience with associated risk and control frameworks, 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 objectives, service expectations, and priorities.
- 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.
- Experience in maintaining a complete and accurate risk profile of third parties, with early visibility of emerging issues.
- Strong written and spoken communication skills in English.
Desirable Skills:
- Knowledge of contractual/commercial arrangements within the banking 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, and service parameters.