UK Third-Party Risk & ORM Strategy Lead

State Street; Greater London; On-site; GBP 120,000 - 180,000; Full time

Job summary

State Street's London branch seeks a senior leader to oversee UK Third Party Risk Management and the ORM frameworks across UK entities, aligning with PRA/FCA obligations. The role reports to the 2LOD Global Head of Operational Resiliency, Third Party, & Strategic Risk Management, and acts as risk advisor for select UK entities.

The successful candidate will direct risk programs, drive climate risk initiatives, and collaborate with Legal, Public Policy, and Corporate Audit to ensure effective

Qualifications

• Bachelor's degree or equivalent.
• 15+ years risk experience and relevant subject matter relevant to the role.
• Proven interpersonal and communication skills.
• Strong, organization, 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

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 mgmt., 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

Skills

Interpersonal and communication skills

Organization, project management and -

Analytical and problem-solving skills

Decision-making skills

Influencing and consensus-building

Negotiation and influence

Building relationships across the org

Education

Bachelor's degree or equivalent

Job description

State Street's London branch seeks a senior leader to oversee UK Third Party Risk Management and the ORM frameworks across UK entities, aligning with PRA/FCA obligations. The role reports to the 2LOD Global Head of Operational Resiliency, Third Party, & Strategic Risk Management, and acts as risk advisor for select UK entities.

The successful candidate will direct risk programs, drive climate risk initiatives, and collaborate with Legal, Public Policy, and Corporate Audit to ensure effective