Head of Technology Risk Oversight, Managing Director

Technology Risk Leader

It is an exciting time to join State Street Corporation (SSC) in the Enterprise Technology Risk Management (ETRM) organization. ETRM is responsible for thought leadership, oversight, monitoring, and advisement around the discovery and remediation of Technology Risk and Cyber Risks across the enterprise.

We are looking for a seasoned Technology Risk Leader with more than 15 years' experience in financial services and / or technology industry. The qualified candidate should be well versed in identifying, managing and monitoring technology risks across Technology Resiliency, Technology Change Management, Obsolescence, IT Asset Management and Technology Risks related to Third parties. The position interacts with all levels of management and senior level executives in IT viz. CTO, CIO, Chief Architect etc. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate strong initiative, be able to perform well under pressure and be capable of managing multiple and diverse assignments.

The successful candidate will report to the Global Head of Technology and Cyber Risk, who reports directly into the Chief Risk Officer and lead a team of seasoned ETRM Technology Risk professionals to provide Second Line of Defense (SLoD) services to Global Technology Services First Line Organization. This role will require periodic communications with internal audit and regulators in the financial services domain and therefore, prior experience with regulators is strongly desired. Experience with Cyber and Information Security, Cloud Risk Management (AWS, Azure), Enterprise Architecture is a plus.

ETRM plays an important role in the overall success of the organization and our mission is to establish a world class Technology Risk Management program that aligns business and technology risk to enable effective decision making. The organization is going through large transformations and you will lead key technology risk assessments on material projects and ensure the identified risks are being prudently managed. This position will also include providing thought leadership and support to both your peers in ETRM and your stakeholders in the business and corporate areas. You will need to periodically participate in meetings with our key regulators and provide support and advise to your stakeholders during regulatory exams and regulatory finding validations.

Your mission is to act as the ETRM advisor to the IT organization and first line of defense (FLOD) control function on matters relating to the IT risk posture of State Street as benchmarked against applicable laws and regulations, rules, standards and best practices. More specifically, you will be :

• Ensuring technology risks and non-compliance with internal and external standards are proactively identified, prudently managed, and effectively challenged
• Identifying / assessing / monitoring risks and supporting FLOD in planning / executing controls and additional compensating controls
• Participating in various risk governance forums and executing real time oversight and challenge
• Monitoring technology risk appetite, reporting breaches, escalating exceptions and challenging risk acceptances
• Providing an independent opinion on FLOD Technology risk management, recommending appropriate improvements
• Participate in the adoption of the Enterprise Technology Risk Framework for technology processes
• Interacting with the Enterprise Process Owners for the Technology Processes and foster deeper and integrated FLOD / SLOD relationships and embedded risk management
• Communicate and drive effective implementation of ETRM risk management policies, framework, tools, guidelines and standards across the business ensuring technology risks are identified and managed effectively.
• Provide strategic leadership, vision and on-going support to the First line of Defense (FLOD) and IT leaders regarding information technology best practices and trends
• Advise IT and FLOD in prioritization of risks, risk initiatives, risk mitigation alternatives
• Review and appropriately challenge technology risk decisions, direction, and initiatives undertaken by the FLOD providing an independent voice to the risk management process
• Provide support and advise to ETRM and your stakeholders for regulatory exams and regulatory findings
• Collaborate with and support regional (APAC and EMEA ETRM) peers in matters related to technology risks
• Deliver assigned ETRM services annual book of work (risk assessments, continuous monitoring, issues management, reporting etc) through the established risk leads within the team and engaging the ETRM India Service Center of Excellence
• Utilize available Enterprise Risk and Operational risk management tools (NBPRA, MRI, RCSA, KRI's, Incident data, Loss event data) in conjunction with other environmental changes to proactively monitor the Technology control environment and identify and address potential weaknesses and / or gaps in a timely manner
• Keep abreast of new products, services, technologies and applications as well as their respective impact on the organization's risk profile
• Serve as a subject matter expert in technology risk, controls, compliance, best practices

These skills will help you succeed in this role :

Minimum 15 years of experience in the financial, and or technology industries

This position requires interacting with "C" level suite, so superior communication, interpersonal, negotiation, presentation and intergroup skills are critical for success

Ability to translate technical issues into risk terms that business can understand is absolutely necessary

Experience with regulatory exams and responses is strongly desired

Advanced degree or undergraduate in technology discipline or equivalent

Thought leadership around technology risks a must

Experience in risk management, compliance or audit, including but not limited to experience in design & implementation of control frameworks

CRISC, CISSP, TOGAF, CCSK is appreciated but not mandatory

Working knowledge of industry and regulatory risk and control standards and frameworks - FFIEC, DORA, NIST-CSF, 800-53, COBIT, CCM etc is expected

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.

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.

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.

State Street is an equal opportunity and affirmative action employer.

Salary Range : $170,000 - $282,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.