VP - Third Party Risk Manager

Purpose of the role

To support the Risk Function in delivering it's objective of safeguarding the bank's financial and operational stability by proactively identifying, assessing, mitigating, and monitoring risks across various business units and activities.

Accountabilities

• Development of strategic direction for risk, including the implementation of up-to-date methodologies and processes.
• Management of the risk department, including oversight of risk colleagues and their performance, implementation of risk priorities and objectives, oversight of department efficiency and effectiveness.
• Relationship management of risk stakeholders, including identifying relevant stakeholders, and maintenance of the quality of external third-party services.
• Adherence to the Risk policy, standards and frameworks, and maintaining a robust control environment.

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 VP - 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 VP - Third Party Risk Manager, you should have experience with:

• Risk and Control Management, including experience in dealing with regulatory requests.
• Good understanding of the key Outsourcing and Third Party Risk Regulatory Guidelines and expectations. 
• Knowledge of Third Party Service Provider Risk, including experience on associated standards, processes, controls and applications used to manage risk.
• Experience in execution and management of regulatory exams, audits and responses to regulatory requests, preferably within the Third Party Risk space
• Project Management skills and experience in collaborating with multiple stakeholders and subject matter experts across the organization to manage regulatory engagements and responses.
• Providing leadership on new and emerging third-party regulatory requirements (e.g., Supervisory Statements) and their impact on the organisation.
• Providing strategic oversight over the TPSP regulatory submissions and reporting.
• People Management experience, of leading and coaching a team of professionals, setting relevant KPIs for them, managing performance and supporting their continuous development.
• Excellent communication skills, consultative business partnering approach with a collaborative style.
• Excellent attention to detail, with strong analytical skills and an ability to make sound judgements.
• Ability to adapt to changing requirements, support re-prioritisation of activities and change course as necessary to support deliver on regulatory book of work.
• Ability to think creatively, holistically, and multi-dimensionally about business challenges involving regulatory requirements to develop remediation actions and solutions to effectively comply with them and manage the risk.
• Ability to identify continuous improvements in the process managed and drive efficiency and effective in the work delivery.
• Experience in understanding, performing analysis and reporting on Third Party Risk regulatory risk information and compliance to senior management.

Desirable skillsets/ good to have:

• Post graduate with professional qualification in risk management or a related field
• Extensive experience in audit and controls assurance or risk and compliance functions.
• Highly experienced Third Party Risk Specialist at a prominent financial institution or consultancy firm
• Proficiency in the use of MS Office, especially PowerPoint, Excel and knowledge of GRC tools such as ORAC,   Process Unity, Tableau, etc. 

You may be assessed on the key critical skills relevant for success in role, such as experience with managing third party risk regulatory engagements, as well as job-specific skillsets.

Location - Noida.