Third-Party Risk Management - Team Lead
Role Summary
State Street uses third parties to supportinternal processes and inthe 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 Inherent Risk Questionnaire (IRQ) is the tool utilized to determine the inherent risk of an engagement. TheThird-Party Risk ManagementIRQReview Officeris responsible foreffective review and challenge of inherent risk assessments completed by managers ofthird partysupplier engagements.This review is critical to ensure accuracy of responses,resulting inherent riskand required due diligence.The successful candidateshould be able to recognize inconsistencies within the IRQ,initiate communications withkey stakeholdersandbusiness partnersand guide them towards successful resolution of the items raised.
Job Duties and Responsibilities
Review inherent risk assessments for reasonableness and accuracy
Effectively challenge any inconsistencies noted during review
Communicate withkey stakeholders for inconsistencies identified and follow through to successful resolution
Develop and maintain an understanding of State Street’s business lines and the products & services offered
Act assubject matter expert with regards to theinherent riskquestionnaire(IRQ) triggerlogic and interdependencies between the questions and resulting due diligence requirements
Identify business specific nuancesto the IRQ responsesand enhance existing procedures, as needed
Adhere toSLAs; identify opportunities for process efficiencies
Assist with the creation and / or maintenance of procedure documents and FAQs
Participate in project management efforts including tests of Archer system enhancements
Flexibility in working outside of direct responsibilities to support emerging TPRM program requirement changes
Skills
Ability tomulti-task and operate in a fast-paced,deadline-orientedenvironment; effective time management skills
Strong organizational and problem-solving skills
Must be self-motivated, adaptable and demonstrate initiative in difficult circumstances
Strong verbal and written communication skills; detail oriented
Possess a strong customer centric mindset
Demonstrate a willingness to support change and initiatives within the TPRM Program
Qualifications
Overall work experience ofminimum 5years in multinational banks
Prior experienceinThird Party Risk Management
Familiar withthird party risk topics like Cyber Information Sensitivity and Access Risks, Business Conduct and Compliance Risks and Operational Resiliency Risks
Strong working knowledge of Microsoft Office products, including Word, PowerPoint and Excel
Prior experience with Archer / RSA platform is preferred.
*Please note: Role is required to support internal clientsin the first half of US working hours
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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