MD, Head of UK Third Party Risk Mgmt., Legal Entity Operational Risk Management (ORM), & Strate[...] in London

The Head of UK Third Party Risk Management, Legal Entity Operational Risk Management (ORM) Frameworks, & Strategic Initiatives oversight reports to the 2LOD Global Head of Operational Resiliency, Third Party, & Strategic Risk Management and is responsible for developing, directing and managing the overall operational risk management frameworks for State Street SSBTC London Branch and its affiliate legal entities in UK (ex. SSIM). The candidate will additionally be the risk advisor for certain UK Legal Entities with dual report to the Chief Risk Officer for UK (SMF4) and is responsible for ensuring that the respective risk programs address all relevant risks as well as corporate and local requirements; collaborating with Second Line of Defense (SLOD) peers as well as with Legal, Public Policy, and Corporate Audit as appropriate.

Key Responsibilities:

• Lead the development, implementation, and ongoing enhancement of UK specific requirements for risk management frameworks, policies, and standards, with specific focus on ORM policies, Third Party risk management, and Climate Risk, ensuring alignment with PRA/FCA regulatory obligations and industry best practices.
• Provide risk advisory and oversight to assigned UK Legal Entities (LEs), as delegate of SMF 4, including oversight of ICAAP/ICAARA process, as required.
• Manage oversight of UK Third-Party Risk (including internal intercompany outsourcing) covering review/challenge of risk assessment including exit strategies for service providers supporting UK LEs, ensuring alignment with legal entity risk appetite and regulatory standards.
• Manage ORM oversight of strategic Change Management initiatives impacting relevant UK legal entities. This includes ORM oversight for mergers and acquisitions, lift outs, and new product approvals relevant to the UK.
• Manage oversight of the global climate risk management program, including UK climate risk management policy, priorities, and disclosures.
• Support Corporate ORM on the global ORM framework design and advancement and communicate UK regulatory expectations for consideration in development of Global standards, as and when appropriate.
• Manage oversight of the operational risk management programs to ensure effective identification, measurement, control and management of the relevant risks for all relevant UK legal entities.
• Support communication and escalation of trends, insights, emerging risks, key issues and information to senior management and across the three lines of defense.
• Provide risk reporting to the relevant UK business units, management committees, and legal entity boards, as required.

Risk Excellence:

• Promote and support a culture of effective challenge and drive a risk aware culture throughout the organisation.
• Take reasonable decisions by exercising reasonable care when considering the information available. This includes taking proactive action to ensure that the information is suitable and adequate.
• Maintain understanding of UK legal and regulatory developments and their impact on State Street’s business operations and support related to regulatory initiatives.
• Coordinate and collaborate with other control functions and audit.
• Develop and deliver risk management presentations internally and to clients.
• Maintain the highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies and regulatory requirements and ensure that the team members do the same.
• Promote the development of a risk culture within the business and ensure business line accountability for risk management and measurement.
• Support a culture of effective challenge.

Education and Experience:

• Bachelor’s degree or equivalent.
• 15+ years risk experience and experience in the subject matter relevant to the role.
• Proven interpersonal and communication skills.
• Strong organisation, project management and leadership skills.
• Demonstrated analytical and problem-solving skills.
• Demonstrated decision-making skills.
• Team player with strong influencing skills.
• Ability to negotiate, influence and build consensus.
• Ability to develop and maintain strong business relationships within the business unit and across the corporation.

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:

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.