State Street Investment Management - Investment Management Vendor Engagement and Third Party Risk, Assistant Vice President
About The Position
The Third Party Risk Management (TPRM) program is a global, cross-functional initiative that involves all business units and legal entities, requiring coordinated efforts across Procurement, the First Line of Defense (business), and the Second Line of Defense. Business units are responsible for managing risks associated with third-party relationships throughout their lifecycle, while Corporate TPRM provides governance, standards, and oversight. Procurement facilitates the sourcing, contracting, and onboarding of third-party vendors to support business needs. The Investment Management (IM) Vendor Engagement & Third-Party Risk team operates at the intersection of the First and Second Lines of Defense, enabling and supporting the business in executing and onboarding third-party activities while ensuring alignment with TPRM and Procurement policies and program requirements. This team acts as a central coordination point across Investment Management, Corporate Procurement, Corporate TPRM, and other enterprise functions to operationalize the end-to-end vendor onboarding lifecycle. This includes facilitating vendor onboarding, managing cross-functional workflows, supporting due diligence and risk assessment processes, and centrally driving issue remediation, escalation, and closure. Given the critical role third-party providers play in delivering IM business capabilities, these relationships introduce a range of risks that require not only oversight but also active coordination, execution, and continuous engagement across stakeholders to ensure timely onboarding, effective risk management, and adherence to enterprise standards.
Requirements
- Demonstrated vendor management, third party risk, procurement and / or project management experience
- Strong relationship management with demonstrated ability to work across business lines
- Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio)
- Strong written and verbal communication skills, ability to interact and influence peers, managers and senior leaders
- Strong analytical skill set and decision making abilities
- Excellent interpersonal, communication, facilitation, presentation and negotiation skills
- Demonstrated vendor management and / or project management experience
- Strong relationship management with demonstrated ability to work across business lines
- Strong organizational skills
- Ability to multi-task and work within deadlines in a fast paced environment
- Results oriented ownership mindset with the ability to drive results within the Business
- Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his / her knowledge and demonstrates appropriate financial / analytical skills
- Successfully handles multiple tasks, takes initiative to improve his / her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
- Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
- Displays the ability to work well with other in a team
- Has the ability to think ahead and analyze and resolve complex issues
- 8-10 years of experience in financial services
- Proven experience with business requirements analysis to meet critical business needs, must display an ability to drive tasks through to completion
- Experience with governance reporting and issue management
- Experience with risk management functions, Procurement, Compliance, or Information Security
- Experience with Business relationship management
Nice To Haves
- MBA a plus
Responsibilities
- Identify and implement best practices when onboarding third party vendors
- Proactively identify and mitigate vendor risk; Document and assist with issues and risks as they arise
- Maintain relationships with key stakeholders
- Participate in working groups among Business Units, Corporate Teams and First, Second and Third Line of Defense teams to create synergies
- Interface with and support key stakeholders across the organization; ensures service quality and customer satisfaction
- Provide guidance and support to State Street’s Third Party Risk Management and Procurement programs by responding and adhering to new and existing regulatory guidelines and initiatives and further mature the contracting and internal risk management functions
- Influence recommendations to key stakeholders through strong negotiation, written and verbal communication
Benefits
- 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
- eligibility for certain tax advantaged savings plans
- inclusive development opportunities
- flexible work-life support
- paid volunteer days
- vibrant employee networks
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
