State Street India
State Street India | TPRM Ongoing Monitoring Manager, Officer
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Job Highlights
Responsibilities
- The Third Party Risk Management (TPRM) Ongoing Monitoring Manager (Officer) role is responsible for coordinating and executing activities under the TPRM Ongoing Monitoring pillar which comprised of four components: performance measurement, periodic financial viability and SOC risk assessments, continuous negative news and supplementary monitoring.
- This position will liaise with key stakeholders, subject matter experts and business lines to effectively manage risk across our third party population to meet State Street’s regulatory obligations.
- Work closely with business lines/Engagement Managers to communicate program requirements towards Negative Performance Monitoring, News Screening, SOC Attestations and Financial Viability Assessments.
- Review news alerts received through monitoring tools like World Check and Rapid Ratings on a daily basis and escalate potential negative news alerts to Business stakeholders and track the same for impact/no impact.
- Work with Engagement Managers and have them record SOC CUEC attestations in Archer.
- Monitor Financial Health of third party suppliers and escalate third parties with poor financial health to relevant Engagement Managers for impact assessment.
- Liaise with Engagement Managers/Service Managers to get them to record third party performance management information in Archer and assist them to open findings in Archer if required.
- Liaise with corporate Subject Matter Experts (SME) to review gaps and identify issues as required.
- Ensures business compliance with TPRM program requirements by supporting Engagement Manager where necessary.
- Participate in project management efforts which include process and system enhancements to support the automation of processes.
- Perform Ongoing Monitoring activities which includes, but is not limited to: third party performance monitoring, negative news monitoring, financial viability assessments, maintain engagement book of records and third party audit reports (SOC1 and SOC2) evaluation
- Assist in managing third party risk data analysis
Requirements
- Highly motivated individual with the ability to multi-task, operate in a fast paced, deadline-oriented environment.
- Must be adaptable and demonstrate initiative in different circumstances.
- Strong organizational and problem solving skills with a focus on attention to detail.
- Data analysis driven with strong Excel and Reporting skills.
- Critical thinking, problem solving, and decision making skills with the ability to execute independently.
- Strong verbal and written communication skills.
- Post graduate degree in preferably Finance/Risk management with 8+ years’ of work experience preferably in the financial services/large banks/multinational companies.
- Previous experience with third party risk management program covering different life cycle stages, specifically ongoing monitoring activities.
- Strong knowledge of Microsoft Office products, including Word, PowerPoint and Excel and advanced reporting tools.
- Prior experience with Archer/RSA platform is preferred.
About the company
State Street
State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.
In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.
