State Street Investment Management - Investment Management Vendor Engagement and Third Party Ri

Position: State Street Investment Management - Investment Management Vendor Engagement and Third Party Ri[...]
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 IMHelps 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:

Identify and implement best practices when onboarding third party vendors

Proactively identify and mitigate vendor risk;
Document and assist with issues and risks as they arise

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…