Third-Party Risk Management - Team Lead

Summary   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 Inherent Risk Questionnaire (IRQ) is the tool utilized to determine the inherent risk of an engagement.    The   Third-Party Risk Management   IRQ   Review Officer   is responsible for   effective review and challenge of inherent risk assessments completed by managers of   third party   supplier engagements.   This review is critical to ensure accuracy of responses ,   resulting inherent risk   and required due diligence .   The successful candidate   should be able to recognize inconsistencies within the IRQ,   initiate communications with   key stakeholders   and   business partners   and 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 with   key 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 as   subject matter expert with regards to the   inherent risk   questionnaire( IRQ) trigger   logic and interdependencies between the questions and resulting due diligence requirements   Identify business specific nuances   to the IRQ responses   and enhance existing procedures, as needed   Adhere to   SLAs; 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 to   multi-task and operate in a fast-paced,   deadline-oriented   environment ; 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 of   minimum 5   years in multinational banks   Prior experience   in   Third Party Risk Management    Familiar with   third 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 clients   in 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