Third Party Risk Management (TPRM) is a global, cross-functional program spanning all business units and legal entities, requiring coordinated engagement across Procurement, the First Line of Defense (business), and the Second Line of Defense. Business units are responsible for managing risk associated with third-party relationships throughout the lifecycle, while Corporate TPRM provides governance, standards, and oversight. Procurement enables the sourcing, contracting, and onboarding of third-party vendors, supporting the execution of business needs.
Within this framework, the Investment Management (IM) Vendor Engagement & Third-Party Risk team operates at the intersection of the First Line and Second Line, enabling and supporting the business in the execution and onboarding of third-party activities while ensuring alignment with TPRM and Procurement policies and program requirements. The team serves 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 active coordination, execution, and continuous engagement across stakeholders to ensure timely onboarding, effective risk management, and adherence to enterprise standards.
Business Analysis and Strategy Planning:
Supports risk oversight management and onboarding of third-party vendors for IM
Helps drive the creation of both BAU and strategic initiatives and plans to define and implement Third Party Risk Management for IM business
Actively participates in assignments for large and complex business solutions initiatives across end-to-end vendor onboarding lifecycle
Builds and maintains subject matter expertise within IM Vendor Engagement and Third-Party Risk team
Produces relevant presentations, reports for executive management and internal business partners
Presents information and prepares RFP and Due Diligence responses about IM’s Third-Party Risk Management program to IM’s prospects and clients,
Acts as an advocate and change agent to implement recommended business solutions
Communication and Relationship Management:
Acts as a relationship manager engaging business leads and peers, interfaces with senior leaders and subject matter experts (SMEs) across the organization; ensures service quality and customer satisfaction
Supports relationships with both internal and external clients and business partners
Persuades and influences courageously at all levels of the organization
Communicates recommendations to management/senior business leaders through effective written and oral communication
Responsibilities:
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 Streets 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
Qualifications:
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 leadersStrong 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
Competencies:
Technical Skills - 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
Drive and Motivation - 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
Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
Teamwork - Displays the ability to work well with other in a team
Judgment and problem solving – Has the ability to think ahead and analyze and resolve complex issues
Education and Experience
8-10 years of experience in financial services
Bachelor's degree, MBA a plus
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
Salary Range:
$80,000 - $140,000 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.
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 https://hrportal.ehr.com/statestreet/Home.
About State Street
Across 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.
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