State Street uses third parties to support internal processes and in the delivery of certain products and services to clients.  These third parties are evaluated and risk assessed through our Third-Party Risk Management (TPRM) Program.  The Third Party Risk Management Operations  Assistant Vice President will provide third party risk consulting to business lines and help them to maintain a sustainable and holistic third party risk posture in line with regulatory expectations. This role will provide guidance to first line business areas to efficiently manage risks associated with their third party supplier engagements, review delayed supplier responses, and effectively challenge risk profiles if required.  This role will also be required to analyse the trends in third party risk assessment, identify any gaps in existing controls and recommend improvements and provide a summary to the program Leadership. This role will facilitate conversations across the Business, Risk and Sourcing teams to socialize requirements of the Third Party Risk Management program and help to identify a viable path to address any non-compliant third party supplier engagements. The successful candidate should be able to effectively communicate with vendors and internal stakeholders, be alert to inconsistencies in information received and initiate communications with key stakeholders and business partners and guide them towards successful resolution of the items raised.

Job Duties and Responsibilities

• Develop and maintain an understanding of State Street’s business lines and the products & services offered
• Develop a sound understanding of the end-to-end Third Party Risk Management workflow
• Stay current on emerging threats, trends, best practices, industry standards, regulations, etc
• Provide third party risk consulting to third party Engagement Managers, effectively challenge and guide them to implement robust third party risk management practices
• Provide project management support to ongoing project initiatives within Third Party Risk Onboarding lifecycle This may require coordination and interaction with various levels of Leadership and communication with cross functions groups.
• Support execution of change and remediation programs as and when required
• Track, analyse and report progress of projects/process improvement initiatives within Third Party Risk Onboarding Operations Provide MI and analytics to evidence progress and productivity
• Support emerging TPRM program requirements in view of the evolving regulatory landscape
• Flexibility in working outside of direct responsibilities to support emerging TPRM program requirement changes
• Participate in assignments within Third Party Onboarding operations for a first hand experience of the granular elements of the lifecycle activities.

Skills

• Proven subject matter expertise with first-hand experience of improving aspects of third party risk management in large, complex organizations.  
• Demonstrated ability to think strategically and act as a thought partner with teammates, senior leadership, and key stakeholders
• Proven capability to network, communicate, influence and supporting stakeholders
• Ability to manage relationships at all levels in the organization, while working collaboratively
• Excellent written and verbal communication skills, with the ability to influence stakeholders at all levels
• Ability to multi-task and operate in a fast-paced, deadline-oriented environment
• Ability to learn quickly and operate independently
• Strong organizational and time management skills, ability to work independently, prioritize including when under pressure and to tight deadlines
• Strong analytical skills with the ability to collect, organize, and analyze information with attention to detail and accuracy
• Ability to multi-task and shift priorities
• Must be self-motivated, adaptable and demonstrate initiative in difficult circumstances
• Possess a strong customer centric mindset
• High ethical standards

Qualifications

• Overall work experience within financial services sector (14+ years)
• Management Graduate from an institute of repute preferred
• Prior experience in risk management roles in large multi-national banks
• Prior experience of 10+ years with third-party risk management in large multi-national banks
• Subject matter expertise and proven track record in managing third party risks
• Strong working knowledge of Microsoft Office products, including Word, PowerPoint and Excel
• Risk Management certification good to have - CRISC, CISM, CRVPM
• Project Management experience is good to have
• Prior experience with Archer / RSA platform is preferred

*Please note: Role is required to support internal clients during first half of US hours

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