Third Party Risk Analyst

Department Icon Data Science Analytics & Machine Learning
Posted: 6 months ago
4-6 years
Chennai, Tamil Nadu
Data Science Analytics & Machine Learning
work from office
Full Time

Posted: 6 months ago
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Job Description

Join us as a Third-Party Risk Analyst

  • Youll develop and deliver Third-Party Risk Management (TPRM) and supply chain solutions that create a competitive advantage, enhance the customer experience and aligns with the banks cost and risk appetite expectations
  • Youll also support and implement joined-up, global TPRM and supply chain solutions and processes across the bank in line with the Framework and Risk Standard to effectively identify and remediate EO risks
  • This is a great opportunity to build strong networks across the industry and with external organisations, including competitors, while developing insights and analysis that can be brought back into the bank and applied in practice
  • Were offering this role at senior analyst level

What youll do

Well look to you to deliver proactive plans that support the efficient and effective delivery of TPRM processes, in line with our objectives, KPIS and customer requirements. Youll help identify and support the development and simplification of processes and procedures enhance our proposition, aligned to the Framework and relevant legal or regulatory requirements, enabling the franchise and functions to better manage their risk.

In this role, youll drive the creation of a seamless, end‑to‑end supplier journey across Supply Chain and TPRM, simplifying processes for suppliers, internal stakeholders, and colleagues. Youll do this while building and maintaining strong relationships across TPRM, franchise and functions, the three lines of defence and Supply Chain. Youll be recognised for delivering a consistently high standard of service to both internal and external stakeholders.

Your Work Will Focus On

  • Delivering proactive plans to support efficient delivery and management of risk and supply chain processes, aligned to customer needs, Service Level Agreements (SLAs) and required quality standards
  • Negotiating regulatory-driven contractual change with suppliers, undertaking contract and financial signing authority in line with published delegated levels of authority and regional variations
  • Supporting effective reporting for franchise, functions, and accountable executives to identify, manage and remediate EO risks, alongside maintaining accurate documentation and securing data integrity
  • Conduct supplier due diligence, including financial analysis and risk‑based recommendations, and supporting supplier scorecards and milestone creation to evaluate performance against SLA commitments.
  • Managing queries where applicable, achieving strong Voice of the Customer feedback and adhering to SLAS, making sure helpdesk support is provided to internal customers and SLA targets are constantly
  • Building strong cross‑functional relationships, including Workplace Services, Accounts Payable, Supply Chain, to reduce friction and improve efficiency

The skills youll need

Were on the lookout for someone with excellent stakeholder management skills, experience of collaborating and influencing others, and an understanding of the latest industry TPRM and functional developments and trends. Youll be comfortable working on your own initiative while also being an effective team player, with the ability to encourage collaboration and contribute positively to shared objectives.

Youll bring over four years experience in TPRM, giving you a good understanding of the supply chain lifecycle and TPRM systems. A proven track record in vendor management, including onboarding, due diligence and maintenance, are also essential.

Youll Also Need

  • A proven track record of taking ownership in resolving issues with third parties
  • Experience or an understanding of legal and contract law relevant to supply chain
  • Proven attention to detail, with a curious and analytical approach to problem solving
  • Strong written and verbal communication skills
  • Experience supporting assurance reviews and supplier performance management
  • Experience contributing to simplification initiatives, including exposure to automation or AI

Skills

Data IntegritySenior AnalystAnalystAi

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About Company

NatWest Group plc, a leading banking and insurance entity headquartered in Edinburgh, Scotland, provides a diverse range of financial services.


This prestigious group encompasses various banking brands, catering to personal and business banking needs, as well as offering services in private banking, investment banking, insurance, and corporate finance. Its prominent subsidiaries in the United Kingdom include National Westminster Bank, Royal Bank of Scotland, NatWest Markets, and Coutts, with the group also responsible for issuing banknotes in Scotland and Northern Ireland.


Historically, before the turmoil of the 2008 financial crisis, NatWest Group had ascended to become the world’s largest bank for a brief duration. It ranked as the second-largest in the UK and Europe, and fifth globally in terms of market capitalisation. However, the crisis led to a dramatic fall in its standings due to a plummeting share price and a significant erosion of confidence, necessitating a bailout through the 2008 United Kingdom bank rescue package. At one point in 2009, it became the largest company globally by assets (£1.9 trillion) and liabilities (£1.8 trillion).


The UK government, which had acquired a majority share as part of the bailout, maintained control until 28 March 2022, with the stake managed by UK Government Investments. Since then, the government has gradually reduced its shareholding through various transactions.


NatWest Group is listed on major stock exchanges, including the London Stock Exchange and the New York Stock Exchange. For those interested in exploring a career with NatWest, the group offers myriad opportunities across its extensive network. Positions are available in various fields, including banking, finance, technology, and customer service, reflecting the company's commitment to innovation and excellence in the financial sector. NatWest Group's career prospects are aimed at individuals seeking to contribute to a dynamic, evolving landscape, emphasizing professional growth and development within a globally recognized banking institution.

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