Third Party Risk Manager
On-siteNoida, Uttar Pradesh, India
Job Summary
Manage and monitor third-party risk and performance by executing control processes, overseeing service provider KPIs, and collaborating with stakeholders to mitigate risks and align with business strategy. Identify new service providers through market research and contract negotiation while monitoring control operations against contractual obligations and quality standards. Partner with regulatory teams to support global requests and exams, ensuring compliance with Barclays Third Party Service Provider Management Standards. Lead a team by guiding professional development, allocating resources, and driving continuous improvement in risk frameworks and remediation actions.
Required Qualifications
- Advanced level 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
- 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, 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
- Experience in Supplier Management / Procurement / Contracts and / or 3rd Party Risk Vendor Management / Risk domain
Desired Qualifications
- Knowledge of Contractual/Commercial arrangements within 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 & service parameters
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