Third Party Resiliency Vice President

3 days ago


Quincy, Massachusetts, United States State Street Corporation Full time
Job Summary

The Third Party Resiliency Vice President will lead the development and oversight of a global program that governs the creation of effective and risk-appropriate resilience, continuity, and recovery solutions to support the continuation of critical processing and servicing of our clients. This individual will serve as a liaison between Third-Party Risk Management, Enterprise Critical Third Parties, Business, and Business Continuity teams and third parties on third-party continuity-related matters.

Key Responsibilities:
  • Lead remediation efforts for Third-Party Regulatory Project, engaging with consultants and regulators
  • Manage a team of Third-Party analysts executing due diligence, site visits, and table top exercises
  • Prepare monthly regulatory reporting and participate in meetings as required
  • Support Third Party Resiliency team by participating in the Due Diligence Questionnaire (DDQ) secondary review process and evaluating test results to identify potential Third-Party continuity risks and engage with the third parties on continuity matters
  • Communicate with Engagement Managers, Business, Third-Party Risk Management (TPRM) teams, and third parties regarding issues discovered during DDQ reviews
  • Create and/or update program standards, procedures, and job aids
  • Support ERO management to validate that Business Continuity, Operational Resilience, and regulatory requirements are adequately addressed for State Street's Critical Third Party engagements
  • Participate in enhanced governance for third-party operational risks
  • Evaluate remediation of issues or weaknesses in the third-party's resilience capabilities and approve closure
  • Execute on additional program responsibilities as requested

Requirements

The ideal candidate will have a Bachelor's degree or equivalent and a minimum of 10 years' experience in Financial Services or Consulting. Project management, analysis, and reporting experience are beneficial. A minimum of 4 years Third-Party Risk Management and/or Business Continuity experience is preferred. The candidate should possess proven communication, interpersonal, decision-making, and negotiation skills, as well as the ability to work effectively with senior management. Experience with supervising staff and processes is preferred. Strong Excel and PowerPoint skills are required.

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