Third-Party Risk Management Operations - Vice President

Third-Party Risk Management
Operations Vice President

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 Onboarding Operations Vice President will support the Head of TPRM Onboarding Operations to manage and coordinate the third party risk assessments with suppliers and corporate subject matter experts. The scope of work will entail reviewing and analysing the third party supplier responses to due diligence questionnaires, liaising with internal subject matter experts for their expert opinion, communicating and hosting meetings with key stakeholders, including vendor & business partners, explain and defend risk analysis to stakeholders. The role requires a strong focus on productivity and efficacy of the process. The role is expected to be able to effectively analyse, document and defend/communicate conclusions of the analysis to vendors and internal stakeholders, partner with managers of third party relationships and guide them towards successful resolution of the items raised. The role also requires managing and mentoring a team of risk assessors and support upstream and downstream TPRM program processes, to achieve the wider program goals of cycle time reduction and risk management.

• Develop and maintain an understanding of State Street’s business lines and the products & services offered
• Monitor daily queue of Risk Assessments and allocate risk assessments amongst team members
• Build and maintain partnership with internal subject matter experts and key stakeholders
• Execute and coordinate Risk Assessments
• Coach and mentor team members
• Maintain updated standard operating procedures in compliance with the TPRM policy requirements
• Ensure timely and effective closure of risk assessments
• Support Head of TPRM Onboarding Operations to ensure effective execution of processes and making sure to employ the highest standard of controls
• Initiate communications with key stakeholders for inconsistencies identified and follow through to successful resolution
• Demonstrate subject matter expertise to employ credible technical and professional best practices to achieve tangible enhancements within TPRM program operations
• Provide periodic MI and Analytics to program leadership demonstrating productivity, progress and accomplishments
• Support emerging TPRM program requirements in view of the evolving regulatory landscape
• Support in audits and regulatory inspections

• Prior work experience within multi-national Banking and Financial Services organizations
• Proven subject matter expertise with first-hand experience of improving aspects of third party risk management in large, complex organizations.  
• Prior experience in people management
• Proven capability to network, communicate, influence and support stakeholders
• 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;
• Strong organizational and time management skills, ability to work independently, prioritize including when under pressure and to tight deadlines
• Must be self-motivated, adaptable and demonstrate initiative in difficult circumstances
• Proven ability to identify problems and work to successful resolution
• Possess a strong customer centric mindset
• Demonstrate a willingness to support change and initiatives within the TPRM Program
• Innovative and critical thinking
• High ethical standards

• Overall work experience within financial services sector (16+ years)
• Generalist knowledge of Operational Resiliency, Operational Risk, Cyber Security, Physical Security, Reputational Risk, Data Privacy, Compliance, Anti-Money Laundering, Anti-Bribery and Corruption and Tax Evasion risk domains is required
• 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
• Prior experience with People Management
• Strong working knowledge of Microsoft Office products, including Word, PowerPoint and Excel
• Risk Management certification good to have - CRISC, CISM, CRVPM
• 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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