Risk Utility Specialist

Join us as a Risk Utility Specialist at Barclays, where you'll spearhead the evolution of our Third-Party Risk & Controls landscape, driving innovation and excellence. You'll play a critical role in ensuring that any third-party risks (both Pre and Post Contract) are identified and managed in accordance with Barclays’ Enterprise Risk Management Framework.  

You may be assessed on the key critical skills relevant for success in role, such as experience with risk and controls, your sourcing acumen with specific focus on 3rd Party risks, ability to review, comprehend, draft and negotiate 3rd Party control requirements into Supplier Assurance Attestation and other assurances. In your role, you will be driving contract compliance with key risks associated with supplier engagements like Information & Cyber Security, Physical security, People Screening, Data Protection etc.

To be successful as a Risk Utility Specialist, you should have experience with:

Stakeholder Management and Leadership:

• Ensure daily Risk Utility allocated 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

• Ensure project / task completion is communicated to all relevant parties timely

• Report progress against the Tracker and any risks, issues and dependencies following the defined processes

• Proven experience in studying contracts and working with the Legal teams towards remediating the contracts

• Excellent skills with analysing and articulating the work with Legal, Sourcing Manager and Supplier Manager.

• Strong understanding of various third-party due diligence requirements and associated risks and controls.

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 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.

Basic Qualifications:

• Candidate should have experience in Vendor management or Sourcing or Risk Management and must have in depth understanding of Enterprise Risk management Framework.

Desirable Skillsets:

• MBA/Post-Grad degree.

• Candidate having 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.

This role will be based out of Noida.

Purpose of the role

To manage and monitor supplier 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 supplier control processes, including oversight of suppliers 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 supplier risks and issues and ensure supplier relationship align to the bank’s needs and business strategy.
• Identification of suppliers that will provide the right goods and service through market research, capabilities analysis and contract negotiation.
• Identification of industry trends and developments related to supplier management tools and techniques by attending conferences and participating in training.
• Monitoring of suppliers’ 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.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• 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 develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

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.