Governance & Risk Reporting - Third Party Management, VP at State Street in Quincy, Massachusetts

Job Description:

Who we are looking for

State Street uses third parties to support internal processes and to assist in delivery of products and services to clients. In order to manage the risks introduced by working with third-party service providers, State Street has a Third-Party Risk Management (TPRM) program which established the policy and standards for conducting risk assessments and related governance activities. To aid the global team conducting these activities and the internal business areas they support, the Vice President of Governance and Risk Reporting will have primary oversight and responsibility of the program that manages risk data and related daily, monthly and quarterly enterprise-wide reporting, including reporting to various governance committees. This role will be instrumental in evolving the current risk reporting processes and materials. The successful candidate will demonstrate strong risk management capabilities, strong analytical capabilities and the ability to drive risk identification, communication, and mitigation through the identification of key risk themes; synthesize messages for executive audiences.

What you will be responsible for

• Responsible for the governance and reporting program, including all aspects of daily, monthly, and quarterly reporting, and the data related to such reporting


• Responsible for identifying and implementing key controls related to the completeness and accuracy of third party risk data; maintain related procedures


• Ensure program enhancements and IT system changes are captured and operationalized into the governance and reporting functions


• Understand the connectivity of third party risk data to other risk data such as, risk taxonomy, issues management, incidents, risk and control self-assessments


• Set the agenda for the monthly Third Party Risk Committee (TPRC) and produce the materials; responsible for key messages


• Identify items for escalation to senior risk committees


• Maintain the TPRC charter and serve as the Committee secretary


• Partner with stakeholders outside the TPRM Program to socialize key reporting messages & gain consensus in advance of Committee meetings


• Lead target initiatives across the enterprise to enhance third party governance & reporting


• Flexibility in working outside of direct responsibilities to support emerging TPRM program requirements & changes

These skills will help you succeed in this role

• High intellect, decisiveness and the drive and flexibility to operate in a constant changing environment


• A leader, viewed by others, has a high degree of integrity and forethought in making decisions; able to act in a transparent and consistent manner, not afraid to deliver and manage complex and difficult messages


• Proven ability to effectively interface with key stakeholders and senior management to gain commitment and consensus; works collaboratively across all lines of defense to reach common goals and acts as a "trusted advisor"


• Strategic thinking that focuses on developing risk-based solutions to optimize execution approaches while maintaining efficiency


• Excellent presentation, interpersonal, and communication skills; effectively communicates (both written and oral) at all levels throughout an organization


• Demonstrated experience working in an environment managing multiple, concurrent deliverables, effectively prioritizing tasks; work independently in non-routine situations in a fast paced environment


• Understanding of the regulatory landscape and emerging themes impacting third party risk management

• Bachelor's degree with 10+years of experience in related fields


• Experience within large complex organizations, including within financial services organizations


• Experience working with various risk programs, including risk analysis and risk reporting


• Experience executing reporting to governance committees


• Strong working knowledge of Microsoft Office products, particularly PowerPoint and Excel


• Prior experience with PowerBI preferred

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:
$135,000 - $210,000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

State Street's Speak Up Line