Head of Technology Risk Oversight, Managing Director

Who we are looking for

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 an 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 in 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.

Why this role is important to us

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.

What you will be responsible for

• 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 under taken 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 S