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NatWest Group

Diversified banking group delivering financial services

Service Analyst - Outsourced Service

Full-TimeUpdated on 10/15/2026
No salary listed
Mid
Luxembourg
In Person
Operations & LogisticsProcurement & Sourcing

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 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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Simplify's Take

What believers are saying

  • H1 2026 operating profit rose 20% to £4.3 billion, lifting full-year guidance above 19% RoTE.
  • NatWest plans buybacks from full-year 2026 results, signaling surplus capital and management confidence.
  • Housing Plus and other social-housing lending deepens sticky, low-risk relationships across the UK housing sector.

What critics are saying

  • Amplifi Capital collapsed after NatWest-backed funding, exposing underwriting and partner-risk scrutiny through 2026.
  • Coutts debanking lawsuits keep reputational and conduct costs alive, with fresh claims filed October 2026.
  • Wealth expansion integration fails if Evelyn synergies miss targets and costs exceed the £300 million budget.

What makes NatWest Group unique

  • Evelyn Partners acquisition strengthens NatWest’s wealth platform, adding £71.7 billion AUMA in 2026.
  • NatWest’s Stamford office approval restores U.S. relationship coverage after ring-fencing rules eased in 2025.
  • Cleareye.ai deployment automates trade finance compliance, reducing manual processing across NatWest’s commercial bank.

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Benefits

Health Insurance

Paid Vacation

401(k) Company Match

Flexible Work Hours

Company News

MarketScreener
Oct 14th, 2026
NatWest prices $1B senior notes due 2032 and backs IoT SIM provider KeySIM with new finance facility

NatWest Group, the Edinburgh-based bank, has priced a $1 billion offering of 5.908% senior callable fixed-to-fixed reset rate notes due 2032. It will use the proceeds for its general banking business and intends to close the offering on Friday. Separately, NatWest has given internet-of-things SIM provider KeySIM a new finance facility. KeySIM, which supplies IoT SIM cards and managed connectivity services for machines, equipment, and remote assets, will use the funding to develop its "next-generation resilient network infrastructure." NatWest relationship manager Rob Woods said the bank has watched KeySIM's "impressive growth over a number of years." NatWest shares trade at 663.80 pence, up 21% over 12 months.

Insider Media
Oct 8th, 2026
Perch Group secures $70M facility as part of enhanced $508M funding platform

Perch Group, a Blackpool-based company, has secured a £55 million facility from Triple Point as part of an enhanced £400 million funding platform to support its growth plans. The facility forms a component of the broader funding package, which will enable the company to pursue its expansion objectives. No additional details about Perch Group's specific business operations or growth strategy were disclosed.

Europe Says
Sep 29th, 2026
NatWest provides Housing Plus Group $312M to expand affordable housing

NatWest has provided £246 million in new funding to Housing Plus Group to support the expansion of affordable housing across Shropshire, Stafford, Telford and Wrekin. The package includes a revolving credit facility, a term loan and a social loan. Housing Plus Group manages more than 33,000 homes, offering social and affordable rented housing, low-cost and shared ownership options, and supported housing. The funding will enable the not-for-profit association to invest in new homes, enhance existing properties and maintain care and support services. The deal forms part of NatWest's commitment to the UK social housing sector. The bank has provided more than £25 billion to housing associations between 2018 and 2025, and aims to deliver a further £10 billion by 2028.

MarketScreener
Sep 3rd, 2026
NatWest : Glassboxx secures £1m NatWest funding to fuel global growth

NatWest has provided a £1 million funding package to support Glassboxx's next phase of growth and innovation The funding will help the business expand its global customer base,...

Yahoo Finance
Aug 30th, 2026
NatWest opens US office in Connecticut after regulatory changes enable international expansion

NatWest Group is expanding into the US market after retreating following the financial crisis over a decade ago. The bank has received approval from the Federal Reserve to establish a representative office in Connecticut, which will enable it to strengthen relationships with US customers and market products to American companies. The expansion builds on NatWest's existing US presence, including a licensed broker-dealer in Stamford, Connecticut. Changes to UK ring-fencing rules in January 2025 removed restrictions that had prevented ring-fenced UK banks from establishing branches outside the European Economic Area, giving NatWest greater flexibility for international growth. The strategy follows NatWest's return to private ownership and its £2.7 billion acquisition of Evelyn Partners. The bank's strong profitability has provided financial capacity to invest in new growth opportunities.