AVP - Risk Utility

Join us as an " AVP - Risk Utility " at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence.

You'll harness cutting-edge technology to revolutionize our digital offerings,

ensuring unapparelled customer experiences.

You may be assessed on the key critical skills relevant for success in role, such as experience with consulting   within the Purchase to Pay process, you will

ensure effective transformation and optimization of procurement operations. Consulting experience in Financial Services industry will be a plus, as well as job-specific skillsets.

To be successful as an AVP Risk Utility, you should have experience with:

Stakeholder Management and Leadership

• Ensure daily allocated activity requests are picked up with 24hrs or agreed timelines.
• Work collaboratively with all relevant stakeholders to execute all allocated sourcing activities.
• Maintain an up to date, accurate Tracker and any other relevant records for governance; maintain data and records as per Barclays’ policy and for audit purposes.
• Report progress against the Tracker and any risks, issues and dependencies following the defined processes.
• Prepare weekly / fortnightly/ monthly status dashboards for senior Stakeholders.

Decision-making and Problem Solving

• Responsible for driving change and process transformation / improvements agenda for Risk utility including dashboards and reporting.
• The role will require the individual to have a thorough understanding of each of the sourcing and supplier management Processes, being able to identify duplications across processes, identify any non-value-added steps, any opportunities to optimize / automate the processes and drive the implementation in collaboration with Tech teams.
• The role will include leading on creation of Business Requirement Documents, Test Scripts, Test Data requirements and drive the User Acceptance Testing for any changes to be implemented.
• The role will also include tracking and resolving any system related defects / glitches alongside Tech and Sourcing / Supplier Management Teams.
• Any reporting enhancements / dashboard creation etc. will also be led by this role in collaboration with reporting teams
• Should display excellent interpersonal skills, strong negotiation skills with external suppliers and internal stakeholders.
• Excellent data management skills and proven ability in producing informative reports and tracking mechanisms.

Risk and Control Objective

• Strong sourcing acumen to relate to the underlying needs for risk and control.
• Should understand 3rd Party risks, ability to review, comprehend, draft and negotiate 3rd Party control requirements into Supplier Assurance Attestation and other assurances.
•  Should be able drive Pre Contract Supplier attestations, Service risk evaluation for the function.
• The role holder should be able to comprehend the global changes and ensure enforcement in the process.
•  Should be able to ensure contract compliance with key risks associated with supplier engagements like Information & Cyber Security, Physical security, People Screening, Data Protection etc.
• Should be able to drive and monitor process adherence reviews of all sourcing deals and come up with logical and actionable outcome for sustained improvement.

Driving Continuous Improvement & Innovation

• Ability to question established processes and suggest areas for improvement.
• Ability to benchmark and seek inspiration internally and externally to identify areas for improvement and innovation.
• Execute continuous improvement, enabling breakthrough innovations as well as incremental improvements.
• Ability to converting ideas into pragmatic and viable solutions that uphold ethical values.

Some other highly valued skills may include:

• Candidates have experience in dealing with Third Party Risk, process compliance and Third Party Assurances and due diligence. is desirable.
• Experience working within Financial Services, Shared Services Sourcing Team.
• Should be experienced and an expert in being able to produce top quality dashboards for top management covering progress updates, including findings and issues or concerns as may be evident from time to time in PowerPoint and Excel.
• Candidate should have experience in Vendor management or Sourcing or Risk Management and must have in depth understanding of Enterprise Risk management Framework. 
• Reasonable years of procurement primarily handling assurance attestations / reviews and experience in third party risk management along with hands-on experience in contract management and understanding of contractual clauses.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

Location - Noida.

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.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• 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 lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders 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.