Head of Technology Risk Oversight, Managing Director

Who we are looking forIt is an exciting time to join State Street Corporation (SSC) in the Enterprise Technology Risk Management (ETRM) organization. ETRM is responsible for thought leadership, oversight, monitoring, and advisement around the discovery and remediation of Technology Risk and Cyber Risks across the enterprise.We are looking for an seasoned Technology Risk Leader with more than 15 years’ experience in financial services and/or technology industry. The qualified candidate should be well versed in identifying, managing and monitoring technology risks across Technology Resiliency, Technology Change Management, Obsolescence, IT Asset Management and Technology Risks related to Third parties. The position interacts with all levels of management and senior level executives in IT viz. CTO, CIO, Chief Architect etc. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate strong initiative, be able to perform well under pressure and be capable of managing multiple and diverse assignments.The successful candidate will report in to the Global Head of Technology and Cyber Risk, who reports directly into the Chief Risk Officer and lead a team of seasoned ETRM Technology Risk professionals to provide Second Line of Defense (SLoD) services to Global Technology Services First Line Organization. This role will require periodic communications with internal audit and regulators in the financial services domain and therefore, prior experience with regulators is strongly desired. Experience with Cyber and Information Security, Cloud Risk Management (AWS, Azure), Enterprise Architecture is a plus.Why this role is important to usETRM plays an important role in the overall success of the organization and our mission is to establish a world class Technology Risk Management program that aligns business and technology risk to enable effective decision making. The organization is going through large transformations and you will lead key technology risk assessments on material projects and ensure the identified risks are being prudently managed. This position will also include providing thought leadership and support to both your peers in ETRM and your stakeholders in the business and corporate areas. You will need to periodically participate in meetings with our key regulators and provide support and advise to your stakeholders during regulatory exams and regulatory finding validations.What you will be responsible forYour mission is to act as the ETRM advisor to the IT organization and first line of defense (FLOD) control function on matters relating to the IT risk posture of State Street as benchmarked against applicable laws and regulations, rules, standards and best practices. More specifically, you will be:Ensuring technology risks and non-compliance with internal and external standards are proactively identified, prudently managed, and effectively challengedIdentifying/assessing/monitoring risks and supporting FLOD in planning/executing controls and additional compensating controlsParticipating in various risk governance forums and executing real time oversight and challengeMonitoring technology risk appetite, reporting breaches, escalating exceptions and challenging risk acceptancesProviding an independent opinion on FLOD Technology risk management, recommending appropriate improvementsParticipate in the adoption of the Enterprise Technology Risk Framework for technology processesInteracting with the Enterprise Process Owners for the Technology Processes and foster deeper and integrated FLOD/SLOD relationships and embedded risk managementCommunicate and drive effective implementation of ETRM risk management policies, framework, tools, guidelines and standards across the business ensuring technology risks are identified and managed effectively.Provide strategic leadership, vision and on-going support to the First line of Defense (FLOD) and IT leaders regarding information technology best practices and trendsAdvise IT and FLOD in prioritization of risks, risk initiatives, risk mitigation alternativesReview and appropriately challenge technology risk decisions, direction, and initiatives under taken by the FLOD providing an independent voice to the risk management processProvide support and advise to ETRM and your stakeholders for regulatory exams and regulatory findingsCollaborate with and support regional (APAC and EMEA ETRM) peers in matters related to technology risksDeliver assigned ETRM services annual book of work (risk assessments, continuous monitoring, issues management, reporting etc) through the established risk leads within the team and engaging the ETRM India Service Center of ExcellenceUtilize available Enterprise Risk and Operational risk management tools (NBPRA, MRI, RCSA, KRI’s, Incident data, Loss event data) in conjunction with other environmental changes to proactively monitor the Technology control environment and identify and address potential weaknesses and/or gaps in a timely mannerKeep abreast of new products, services, technologies and applications as well as their respective impact on the organization’s risk profileServe as a subject matter expert in technology risk, controls, compliance, best practicesWhat we value These skills will help you succeed in this roleCollaborativeAbility to influence, obtain buy in and drive implementation of decisionsStrategic mindset linking multiple aspects and initiatives to drive a wholistic view of the risk and control environmentExcellent Communication skillsLeading and developing teamBeing an effective mentor and coachAbility to be a strong voice for review and challenge while continuing to maintain positive relationships with business stakeholdersAn ability to be a leader within their team, as well as be a leader amongst your peersEducation & Preferred QualificationsMinimum 15 years of experience in the financial, and or technology industriesThis position requires interacting with “C” level suite, so superior communication, interpersonal, negotiation, presentation and intergroup skills are critical for successAbility to translate technical issues into risk terms that business can understand is absolutely necessaryExperience with regulatory exams and responses is strongly desiredAdvanced degree or undergraduate in technology disciple or equivalentThought leadership around technology risks a mustExperience in risk management, compliance or audit, including but not limited to experience in design & implementation of control frameworksCRISC, CISSP, TOGAF, CCSK is appreciated but not mandatoryWorking knowledge of industry and regulatory risk and control standards and frameworks - FFIEC, DORA, NIST-CSF, 800-53, COBIT, CCM etc is expectedAre you the right candidate? YesWe 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 StreetWhat 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.State Street is an equal opportunity and affirmative action employer.Discover more at StateStreet.com/careersSalary Range: $170,000 - $282,500 AnnualThe 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.Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.For a full overview, visit .About State StreetAcross 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 identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.Discover more information on jobs at StateStreet.com/careersRead our CEO StatementJob 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.