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NatWest Group

Diversified banking group delivering financial services

Service Analyst - Outsourced Service

Procurement & SourcingConfirmed live in the last 24 hours
Full-timeLuxembourgNo salary listedIn-person

About the Job

Requirements

  • Experience in cost and financial management, with knowledge of risk frameworks, current business operating models, and supporting systems.
  • Ability to interpret policy to enable sound decision-making.
  • Strong understanding of outsourcing and third-party risk management frameworks, such as the EBA Outsourcing Guidelines, CSSF Circular 22/806, and DORA.
  • Ability to promote a strong third-party risk and control culture across stakeholders.
  • General understanding of IT service management principles, including ITIL, and technology-enabled service delivery.
  • Good understanding of cloud service models and governance, and core cybersecurity principles, to support effective risk management and secure service oversight.
  • Experience in contract and service management, including managing contracts within third-party service frameworks and maintaining and updating service schedules.
  • Track record of taking ownership and resolving issues.

Responsibilities

  • Develop and manage the bank’s Inter Group Agreements (IGAs), reviewing and maintaining IGAs and associated outsourcing assessments.
  • Manage service agreements with external providers, maintaining them to support strong service delivery, with a focus on ICT components and risk management frameworks.
  • Identify and document current and future service level agreements for IGAs, and own the production, maintenance, and adherence of an accurate service portfolio and related maintenance activities.
  • Ensure ICT considerations, including cloud, cybersecurity, and technology dependencies, are captured in service definitions and maintenance activities.
  • Support Service Owners in overseeing services by providing guidance, insight, and coordination to ensure services are managed and aligned with agreed standards.
  • Embed the outsourcing framework across IGAs, promoting third-party risk awareness and ensuring adherence to relevant policies and controls.
  • Establish, create, build, and manage outsourcing agreements, assessing service delivery against contractual agreements to protect customer service.
  • Own and develop the IGA management process so the service continues to benefit the bank.
  • Maintain timely execution of reviews, including day-to-day management of recipients and suppliers.
  • Maintain key performance indicators and key risk indicators to monitor outsourcing activity.
  • Identify and recommend enhancements, focusing on automation, to improve service delivery while maintaining compliance with risk obligations.
  • Maintain and follow processes for handling contractual disputes.
  • Build and maintain relationships with stakeholders and service providers to achieve good customer outcomes.

About the Company

NatWest Group

Diversified banking group delivering financial services

NatWest Group is a financial services group that helps customers with everyday money needs and long-term planning, including buying a home, investing, growing a business, and pursuing a more sustainable future. Its products come from a range of banking and financial services across multiple businesses, delivered through digital and traditional channels. The company works by understanding what matters to customers—their priorities, goals, and challenges—and then offering services and expertise to help them navigate change and make progress. It differentiates itself by combining a broad set of financial offerings with an emphasis on an inclusive culture, flexible working, and a technology-driven approach to anticipate and respond quickly to customer needs. The goal is to be simpler, more integrated, and more capable of delivering impact for customers, so both customers and NatWest Group can succeed together.

Company size
10,001+
Company stage
IPO
Headquarters
London, United Kingdom
Founded
1968

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