Managing Director, Cyber Risk & Third-Party Risk Management

State Street • Quincy, MA

1d

About The Position

The Managing Director, Cyber Risk & Third-Party Risk Management, is responsible for leading the enterprise cyber risk management program and maintaining effective governance over cyber risk identification, assessment, monitoring, reporting, and remediation activities, including those of third parties. The role owns the Cyber Risk Framework, Cyber Controls Assurance Program (CCAP), issue management, control governance, and management of first- and second-line audits and assessments. This role serves as the enterprise authority for cyber risk and third-party cyber risk management practices and provides leadership insights regarding aggregate cyber risk exposure, control effectiveness, and remediation performance.

Requirements

• 15+ years of experience in cybersecurity risk management, technology risk, operational risk, audit, assurance, or enterprise risk leadership.
• Significant experience managing enterprise cyber risk and third-party risk programs.
• Deep expertise in cyber risk frameworks, control assurance, issue management, control governance, and audit management.
• Proven experience presenting aggregate risk themes and recommendations to executive leadership and Board committees.
• Strong understanding of risk appetite, risk quantification, assurance practices, and regulatory expectations.
• Bachelor's degree required.

Nice To Haves

• Financial services and highly regulated industry experience.
• Experience with risk quantification methodologies and cyber risk analytics.
• Experience leading large-scale assurance and third-party risk transformation initiatives.
• Expertise in NIST, FAIR, COBIT, ISO 27001, and enterprise risk management frameworks.
• Strong strategic leadership and executive communication capabilities.
• Advanced degree preferred.
• CISSP, CRISC, CISM, CISA, or equivalent certifications.

Responsibilities

• Influence enhancements to and operationalize Cyber Risk Management Framework including cyber risk taxonomy, methodologies, risk appetite alignment, risk reporting standards, assurance methodologies, testing standards, and control evaluation practices.
• Ensure cyber risks are consistently identified, assessed, monitored, escalated, and reported across the organization.
• Support risk aggregation, risk quantification, and emerging risk assessment activities.
• Lead the development, maturation, and maintenance of comprehensive cyber risk metrics and Key Risk Indicators (KRI) that provide meaningful, actionable insight into residual cyber risk, emerging trends, control maturity, and risk reduction outcomes, supporting executive, board, and regulatory oversight and risk-based decision making.
• Oversee assessment execution, quality assurance, challenge, and consistency across cybersecurity process areas and control domains.
• Monitor control effectiveness and remediation outcomes.
• Drive continuous improvement in assurance coverage and risk visibility.
• Own the Third-Party Cyber Risk Management framework and program.
• Serve as EPO Delegate for TPCRM.
• Oversee supplier cyber risk assessments, monitoring, remediation, and reporting.
• Govern critical supplier risk, concentration risk, and third-party control effectiveness.
• Ensure regulatory and enterprise requirements are embedded within TPCRM activities.
• Own cybersecurity control governance and accountability structures.
• Collaborate with FLRC to ensure appropriate control ownership, visibility, evidence requirements, and testing expectations support the risk framework.
• Ensure alignment between controls, risks, findings, and remediation activities.
• Drive continual improvement and rationalization of cybersecurity controls.
• Lead governance of cybersecurity issue management processes.
• Oversee issue intake, severity assessment, escalation, remediation tracking, validation, and closure.
• Monitor issue aging, systemic risk themes, and remediation effectiveness.
• Escalate material cyber risks through governance and executive forums.
• Lead cybersecurity audit management activities.
• Coordinate internal audit, external audit, and regulatory audit engagements.
• Oversee findings governance, remediation tracking, and closure validation.
• Monitor systemic themes and recurring control weaknesses.
• Serve as primary cybersecurity partner to ETRM, ensuring TRA scoping well-defined and TRA outcomes are appropriately reflecting cyber risk.
• Coordinate technology risk assessment governance, challenge, and reporting.
• Ensure consistency and quality of TRAs and risk outcomes.

Benefits

• 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)
• eligibility for certain tax advantaged savings plans
• inclusive development opportunities
• flexible work-life support
• paid volunteer days
• vibrant employee networks

What This Job Offers

• Job Type: Full-time
• Career Level: Executive