Role Summary

State Street uses third parties to support internal processes and in the delivery of certain products and services to clients.  These third parties are evaluated and risk assessed through our Third-Party Risk Management (TPRM) Program.  The Inherent Risk Questionnaire (IRQ) is the tool utilized to determine the inherent risk of an engagement.  The Third-Party Risk Management IRQ Onboarding Senior Associate is responsible for monitoring daily activity and executing a review of IRQs.  This review is critical to ensure accuracy of responses, resulting inherent risk and required due diligence.  The successful candidate should be able to recognize inconsistencies within the IRQ, initiate communications with key stakeholders and business partners and guide them towards successful resolution of the items raised.

Job Duties and ResponsibilitiesMonitor daily activity to identify IRQs which require review and approvalExecute a review of IRQs remaining alert for inconsistencies between the engagement description and IRQ response as well as inconsistencies within the various IRQ responsesInitiate communications with key stakeholders for inconsistencies identified and follow through to successful resolutionDevelop and maintain an understanding of State Street’s business lines and the products & services offeredBecome a subject matter expert with regards to the IRQ logic and interdependencies between the questions and resulting due diligence requirementsIdentify business specific nuances to the IRQ responses and enhance existing procedures, as neededMonitor SLAs; identify opportunities for process efficienciesAssist with the creation and / or maintenance of procedure documents and FAQsParticipate in project management efforts including tests of Archer system enhancementsFlexibility in working outside of direct responsibilities to support emerging TPRM program requirement changes
 SkillsAbility to multi-task and operate in a fast-paced, deadline-oriented environment; effective time management skillsStrong organizational and problem-solving skillsMust be self-motivated, adaptable and demonstrate initiative in difficult circumstancesStrong verbal and written communication skills; detail orientedPossess a strong customer centric mindsetDemonstrate a willingness to support change and initiatives within the TPRM Program

QualificationsExperience within financial services sector (8+ years)Prior experience in risk management rolesPrior experience with third-party risk managementStrong working knowledge of Microsoft Office products, including Word, PowerPoint and ExcelPrior experience with Archer / RSA platform is preferred

*Please note: Role is required to support internal clients during US-based hours