Job Description

Role Summary & Role Description 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 Due Diligence Onboarding Senior Associate(Assistant Manager) is responsible for monitoring daily activity, sending required due diligence questionnaires to vendors, monitoring progress and evaluating the completeness of diligence once returned. The successful candidate should be able to effectively communicate with vendors and internal stakeholders, be alert to inconsistencies in information received and initiate communications with key stakeholders and business partners and guide them towards successful resolution of the items raised . . Expected years of experience - 7-9 years. Monitor daily activity to identify due diligence requests which need to be sent to vendors, requests which require follow-up or escalation, and documentation received and awaiting completeness review Execute requests with vendors including new requests and follow-up requests execute completeness reviews for vendor submitted due diligence Initiate communications with key stakeholders for inconsistencies identified and follow through to successful resolution Develop and maintain an understanding of State Street\'s business lines and the products & services offered Monitor SLAs identify opportunities for process efficiencies Assist with the creation and / or maintenance of procedure documents and FAQs Participate in project management efforts including tests of Archer system enhancements Flexibility in working outside of direct responsibilities to support emerging TPRM program requirement changes Core/Must have skills 7-9 years\' experience BFSI Domine third party risk management, Due Diligence Assessments, TPRM Risk assessments, SLA/KPI monitoring. Strong knowledge of Microsoft Office products, including Word, PowerPoint and Excel with strong verbal and written communication skills Analytical Thinking, Must be self-motivated, adaptable and demonstrate initiative in difficult circumstances Good to have skills Prior experience with third-party risk management Experience within financial services sector Possess a strong customer centric mindset Prior experience with Archer / RSA platform is preferred Work Schedule Hybrid (12 PM to 9 PM) Keywords (If any) Due Diligence - Third Party Risk Management Why this role is important to us Our technology function, Global Technology Services (GTS), is vital to State Street and is the key enabler for our business to deliver data and insights to our clients. We\'re driving the company\'s digital transformation and expanding business capabilities using industry best practices and advanced technologies such as cloud, artificial intelligence and robotics process automation. We offer a collaborative environment where technology skills and innovation are valued in a global organization. We\'re looking for top technical talent to join our team and deliver creative technology solutions that help us become an end-to-end, next-generation financial services company. Join us if you want to grow your technical skills, solve real problems and make your mark on our industry. 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

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