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Vendor Management - State Street Global Advisors, Sr. Associate

Employer
State Street Corporation
Location
Boston, USA
Salary
Competitive
Closing date
Sep 29, 2023

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Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
The SSGA Vendor Management function, as part of the SSGA COO organization, liaise with SSGA business and partners with State Street center-led Third-Party Management Office along the end-to-end external vendor lifecycle, including Third-Party Risk Management (TPRM) program, procurement sourcing and contracting, vendor setup and onboarding, invoice payment processing, and vendor ongoing monitoring, while supporting SSGA's business owning vendor risks and performance management.

Third Party Risk Management is a global cross-functional initiative, inclusive of all Business Units and Legal Entities. The program requires significant involvement from the first line of defense (business) with on-going monitoring of their third parties activities to the second line of defense providing governance and oversight accordingly. There are regulatory requirements related to continuous monitoring and ongoing oversight of a Business Unit's Vendor population.

Third Party Risk Management (TPRM) sets forth the requirement for business units within State Street Global Advisors to assess the risk management functions associated with outsourcing business activities by implementing controls to mitigate risks associated with the product(s) and/or service(s). SSGA's usage of third party providers is an integral part of maintaining a competitive edge within our industry. These relationships can present various types of inherent risk that require management and monitoring throughout the lifecycle of the engagement(s).

Business Analysis and Strategy Planning:
  • Supports risk oversight management of third party vendors for SSGA
  • Builds and maintains subject matter expertise within SSGA's Procurement and TPRM team
  • Helps support the creation of both BAU and strategic initiatives and plans to define and implement Third Party Risk Management for the SSGA business
  • Produces relevant reports for executive management and internal business partners
  • Collaborate with business and other stakeholders and manage the escalation and resolution of key vendor issues
  • Partner with TPRM and Procurement corporate functions to facilitate SSGA business' vendor onboarding
  • Assess vendor risk and products/services offering, manage vendor contract execution, and guide vendor onboarding and subsequent risk management cycle
  • Work with State Street TPRM to continuously monitor vendor risks and oversee enterprise-wide needs for due diligence, risk assessment and continuing vendor monitoring are being accomplished.
  • Develop deep knowledge of State Street third party management process and identify corporate center-led vendor onboarding, contracting and engagement process enhancement to increase operational efficiency and reduce SSGA business overhead across the entire vendor cycle

Responsibilities:
  • Acts as a relationship manager engaging business leads and peers, interfaces with senior leaders and subject matter experts (SMEs) across the organization; ensures service quality and customer satisfaction
  • Supports relationships with both internal and external clients and business partners
  • Proactively identify and mitigate vendor risk
  • Maintain relationships with key stakeholders.
  • Documents and assist with issues and risks as they arise
  • Interface with and support key stakeholders across the organization; ensures service quality and customer satisfaction
  • Participate in working groups among Business Stakeholders, Vendor Management Teams, Engagement Managers, Procurement, TPRM, Legal and Technology teams to create synergies
  • Provide guidance and support to State Streets Procurement and Third Party Risk Management program by responding and adhering to new and existing regulatory guidelines and initiatives and further mature the internal risk management functions

Qualifications:
  • Procurement, Third Party Risk Management and / or project management experience
  • Strong relationship management with demonstrated ability to work across business lines
  • Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio)
  • Strong written and verbal communication skills, ability to interact and influence peers and managers
  • Strong analytical skill set and decision making abilities
  • Excellent interpersonal skills
  • Strong relationship management with demonstrated ability to work across business lines
  • Strong organizational skills
  • Ability to multi-task and work within deadlines in a fast paced environment
  • Results oriented ownership mindset with the ability to drive results within the Business
Are you the right candidate? Yes!
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.

About State Street Global Advisors
What We Do. As the asset management arm of State Street Corporation, State Street Global Advisors has served the world's governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world's largest asset managers with trillions of dollars under our care.
Our Mission. At State Street Global Advisors our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.
Work, Live and Grow. 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.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Company: State Street Global Advisors

Salary Range:
$52,000 - $78,520 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.

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