Third-Party Risk Management - Team Lead

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