Operational Risk, Off at State Street in Boston, Massachusetts

Job Description:

Job Description

The Officer, Enterprise Technology Risk Management will be an integral part of the Enterprise Risk Management function. The position is responsible for identifying, assessing and supporting in oversight of operational and technology risks posed by vendors. The position will provide an opportunity to work across the Company business units and functions.

Job Responsibility

• Develop a detailed understanding of the business, the vendor landscape and the operational and technology risks posed by vendor to individual business soliciting vendor service.


• Develop a detailed understanding of operational risk due diligence and in general Third Party Risk Management program at State Street


• Review and challenge the vendor responses obtained through the Due diligence questionnaires and identify the vendor's ability to manage their operational risks including but not limited to management of operational issues, analysis of loss data, reporting on operational risks, etc.


• Collaborating with Business Control Team, Compliance, Legal, Audit, Technology and Cyber teams to form a holistic view of business risks


• Providing proactive, insightful analysis and interpretation of operational and technology risks to the First Line based on robust knowledge of the business and a deep and broad external market view on current best practice


• Supporting oversight and ensuring that Third party risks are actively managed in line with risk appetite, Supporting oversight of continued refinement and/or development of appropriate controls and ensuring thorough and timely resolution of issues


• Supporting and challenging the First Line using superior influencing and negotiating skills to identify, assess and control emerging risks prior to material P&L impact


• Supporting in various targeted risk assessments and support in identification of issues


• Supporting execution of remediation plans and regulatory commitments as applicable

• 2+ years of relevant experience in Operational risk and Technology risk with an understanding of financial services industry


• Familiarity with financial services regulatory framework and industry best practices such as ORX standards, BCBS principles, NIST 800-53, etc. would be a plus


• Attention to detail and quality deliverables


• Understanding of internal control framework principles


• Self-motivated and ability to manage competing priorities in a complex and dynamic environment.


• Effective communication and interpersonal skills

• Bachelor's degree in Business, or related field


• Advanced proficiency in GRC tool - Archer and Excel, MS Office, and related analytical software with Tableau a plus

We 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 Street

What 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.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:
$65,000 - $102,500 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.