Operational Risk - Manager

State Street — Bangalore, India

Job Description The Global Third Party Management (GTPM) Business Unit is seeking a Third Party Risk Analyst to support the Global Third Party Risk Management (TPRM) Intragroup team, which is primarily responsible for managing and overseeing the risk assessment and monitoring processes for Intragroup engagements in line with regulatory requirements. Intragroup engagements occur when a State Street legal entity or entities provide services to another State Street legal entity or entities. The Intragroup team facilitates and oversees the process for State Street entities and business units to risk assess and manage the potential risk associated with their Intragroup / Intra-affiliate engagements, including oversight and governance in line with the Intragroup Standard and controls. This position requires strong attention to detail, sound risk judgment, and the ability to operate in a fast paced and regulated environment. The Analyst will act as an advisor to business stakeholders, ensuring Intragroup engagements are assessed, monitored, and documented in alignment with Third Party Risk Management Program and regulatory guidance. Main Responsibilities: As part of the Intragroup operational team, guide business unit stakeholders through the Intragroup/Inter-affiliate process in line with the Intragroup Standard, requirements, and controls; address questions and work through any challenges timely to ensure successful completion of the process Use effective communication skills to work with internal clients at all levels in the firm to fully document their outsourcing business needs. Help to identify solutions to mitigate risks found, working with other subject matter experts in the firm Perform quality assurance (QA) reviews over Inherent Risk Questionnaires (IRQs) to validate data accuracy and appropriate risk ratings, and third party reassessments ensuring Facilitate the completion of Due Diligence Questionnaires, ensuring the completeness of required reviews, effective

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