This is a critical Managing Director role within State Street’s Third Party Risk Management (TPRM) organization. The individual in this role is responsible for leading and transforming the Intragroup (affiliate) component of the TPRM program which focuses on risk management specific to internal outsourcing between State Street legal entities. This leader will have a strong understanding of outsourcing principles, best practices, and regulatory landscape as well as a demonstrated ability to work horizontally and collaboratively to design program improvements and drive global program adoption.

This role will report to the Global Head of Third Party Risk Management Operations within the Global Third Party Management organization.

What you will be responsible for

• Lead the global Intragroup Outsourcing program and program uplift activities to meet evolving regulatory requirements and drive program adoption by legal entities and business units
• Understand the global outsourcing regulatory landscape to determine requirements to be met with the global program and local nuanced requirements to be addressed by Legal Entity Outsourcing Offices
• Provide direction, support, and thought leadership to Legal Entities and Business Units/Corporate Functions on outsourcing risks and activities
• Lead Executive Steering Committee discussions focused on program uplift activities and challenges with program adoption
• Establish an Outsourcing Risk Committee and provide ongoing management of the charter, meeting agendas, metrics, and reporting
• Maintain the Intragroup Outsourcing policy/standards and govern compliance

What we value

• Energetic leader with a passion for and deep understanding of outsourcing frameworks, principles, and regulations
• Proven ability to work horizontally and collaboratively with key stakeholders and senior management to gain commitment and consensus
• Exceptional communication skills and relationship management capabilities, able to communicate with all levels of the organization effectively
• Proven ability to manage multiple priorities, executing initiatives on time with the desired outcomes
• High intellect, decisiveness and the drive and flexibility to operate in a constantly changing environment
• A leader, viewed by others as having a high degree of integrity and forethought in making decisions; able to act in a transparent and consistent manner
• Strategic mindset and ability to clearly articulate vision; ability to drive adoption and measure success of initiatives

Education & Preferred Qualifications

• 10+ years Outsourcing experience in the financial services industry specifically involving internal outsourcing between legal entities and experience leading large scale transformation projects is preferred
• Proven track record of leading large-scale transformation programs in global organizations
• BA/BS degree in business, finance or related field. Masters degree a plus.

Are you the right candidate? Yes!

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:

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.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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