SVP - Operational Resiliency, Third Party, & Strategic Risk Management

Senior Vice President - Operational Resiliency, Third Party, & Strategic Risk Management

Role Summary

The Senior Vice President for Operational Resiliency, Third Party & Strategic Risk is a key member of the Enterprise Risk Management Leadership team, reporting to the Chief Compliance and Operational Risk Officer (CCORO). This role is responsible for strategic oversight and execution across Strategic Risks, including Country and Geopolitical and Sustainability Risks, as well as Risk Management for Operational Resiliency, Change Management (including risk associated with mergers and acquisitions, lift outs, and new business approvals), Digital, and Third-Party Risks. The SVP will act as a collaborative subject matter expert, interfacing with Senior Business Leaders and Corporate Function Heads to enable effective risk-informed decision making and foster a robust risk culture throughout the organization. Additionally, they will support the development and implementation of risk frameworks, policies and standards, and will represent the organization in internal and external forums, including regulatory engagements, industry groups and cross-functional committees.

Key Responsibilities

• Lead the development, implementation, and ongoing enhancement of non-financial risk management frameworks, policies, and standards, ensuring alignment with regulatory obligations and industry best practices.

• Oversee development of the firm’s Strategic Risk Management framework, including associated policies, standards, and practices, ensuring alignment with industry best practices.

• Oversee Country and Geopolitical Risk Management related to the management of country and geopolitical risks across business lines and functional areas, including management of the firm’s Country Risk Framework.

• Oversee Operational Risk Management related to Operational Resiliency Risk programs, including business continuity, disaster recovery, and incident management, to ensure the organization’s ability to anticipate, withstand, recover and adapt to disruptive events.

• Direct Change Management risk oversight for mergers and acquisitions, lift outs, and new product approvals, ensuring changes are reviewed, authorized, implemented and validated in a controlled manner.

• Guide State Street’s Digital risk management strategy, focusing on digital assets and technologies such as crypto, central bank digital currency, blockchain, and tokenized assets. Oversee digital asset due diligence and risk frameworks.

• Guide State Street’s Sustainability strategy, focused on climate and ESG issues. Oversee climate risk management frameworks, priorities, and disclosures.

• Manage oversight of Third-Party Risk, including risk assessment, contract execution, and exit strategies for critical service providers, ensuring alignment with enterprise risk appetite and regulatory standards.

• Provide collaborative subject matter expertise and advice to Senior Business Leaders and Corporate Function Heads across the organization. 

• Monitor regulatory changes and work with business partners to update relevant controls and drive regulatory readiness.

• Conduct risk assessments, oversee remediation of regulatory breaches, and ensure timely reporting of risks, metrics, and objectives to governance fora.

• Lead and manage a global team, fostering a culture of teamwork, integrity, cognitive diversity and risk excellence

• Build and maintain effective relationships with regulators, internal stakeholders and external partners.

• Chair and participate in relevant committees to review and oversee major risk management issues.

What We Value

These skills will help you succeed in this role:

• Deep expertise in operational resiliency, change management, digital assets, and Third-Party risk management within the financial services sector.

• Proven ability to design, implement, and oversee risk frameworks, policies, and standards in alignment with regulatory obligations.

• Strong leadership and collaboration skills, with experience advising and interfacing with senior executives and cross-functional teams.

• Advanced understanding of digital technologies, including blockchain, cryptocurrency, and tokenization, and their associated risks.

• Experience managing complex change initiatives and integrating risk management into business transformation.

• Ability to assess, monitor and report on operational risks, issues and remediation activities.

• Strong analytical, problem-solving, research, time management, and communication skills.

• Ability to take ownership, negotiate, influence, build consensus, and successfully navigate within a demanding and international environment.

• Experience with global regulatory environment and enterprise risk management programs.

Qualifications

• Bachelor’s degree required. Advanced degree (MBA, JD, or relevant field) strongly preferred.

• Minimum of 10 years of experience in risk management, compliance, or related leadership roles in financial services.

• Demonstrated expertise in operational resiliency, change management, digital assets, and Third-Party Risk. 

• Track record of successful collaboration with senior business leaders and corporate function heads.

• Proven strength in building and leading strong teams.

• Highly organized with extensive analytical, problem-solving, and negotiation skills.

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.

Salary Range:

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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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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.