Role Summary
State Street uses third parties to support internal processes and in the delivery of certain products and services to clients. These third parties are evaluated and risk assessed through our Third-Party Risk Management (TPRM) Program. The Inherent Risk Questionnaire (IRQ) is the tool utilized to determine the inherent risk of an engagement. The Third-Party Risk Management IRQ Review Officer is responsible for effective review and challenge of inherent risk assessments completed by managers of third party supplier engagements. This review is critical to ensure accuracy of responses, resulting inherent risk and required due diligence. The successful candidate should be able to recognize inconsistencies within the IRQ, initiate communications with key stakeholders and business partners and guide them towards successful resolution of the items raised.

Job Duties and Responsibilities
Review inherent risk assessments for reasonableness and accuracy
Effectively challenge any inconsistencies noted during review




Communicate with key stakeholders for inconsistencies identified and follow through to successful resolution
Develop and maintain an understanding of State Street’s business lines and the products & services offered
Act as subject matter expert with regards to the inherent risk questionnaire(IRQ) trigger logic and interdependencies between the questions and resulting due diligence requirements
Identify business specific nuances to the IRQ responses and enhance existing procedures, as needed
Adhere to SLAs; identify prospects for process efficiencies
Assist with the creation and / or maintenance of procedure documents and FAQs
Participate in project management efforts including tests of Archer system enhancements
Flexibility in working outside of direct responsibilities to support emerging TPRM program requirement changes

Skills
Ability to multi-task and operate in a quick-paced, deadline-oriented workplace; effective time man

📌 Third Party Risk Management Mumbai (India)
🏢 State Street
📍 India