Why this Job is important to us
State Street provides asset owners and asset managers access to financial information and tools essential for effective investment solutions. From core custody, accounting, fund administration, shareholder recordkeeping, and performance, to complete operations solutions and servicing for public assets, alternative assets like OTC derivatives, private equity and real estate. Our services help our clients make better investment choices and generate wealth for their customers and beneficiaries.
Who we are looking for
Join State Street Canada (*) Third Party Risk Management (TPRM) team as Legal Entity Controls, VP and collaborate with several State Street teams throughout the organization.
State Street Canada uses third parties to support internal processes and to assist in delivery of products and services to clients. In order to manage the risks introduced by working with third-party service providers, State Street Canada has a TPRM program (State Street Canada TPRM Program). The State Street Canada TPRM Program is designed to adheres to the Office of the Superintendent of Financial Institutions (OSFI) B-10 TPRM Guideline and the Global TPRM program which established the policy and standards for conducting risk assessments and related governance activities.
To aid State Street Canada conducting these activities and the internal business areas they support, the Legal Entities and Controls VP will be responsible for leading and transforming the Canada TPRM Program, which includes both the management of the Intragroup (affiliate) engagements; and the External (vendor) outsourcing. This leader will have a strong understanding of outsourcing principles, best practices, and regulatory landscape as well as a demonstrated ability to work horizontally and collaboratively to design program improvements and drive both the Canadian regulatory requirements and the Global State Street TPRM program (Global Program) adoption.
This role will report to the Head of State Street Canada Legal Entity Controls and is a critical Vice President role within State Street Canada’s TPRM Program. Opportunities to assume responsibilities outside the Canada TPRM Program.

What you will be responsible for

• Lead the State Street Canada TPRM Program and program uplift activities to meet evolving regulatory requirements and drive program adoption by legal entities and business units
• Understand the global outsourcing regulatory landscape to determine requirements to be met with the global program and local nuanced requirements to be addressed by Legal Entity Outsourcing Offices
• Provide direction, support, and thought leadership to the Canadian legal entities and Business Units/Corporate Function legal entity Engagement Managers on outsourcing risks and activities
• Maintain the State Street Canada TPRM Guideline and Procedures and govern compliance

These skills will help you succeed in this role:

• Must possess superior leadership and managerial skills
• Energetic leader with a passion for and deep understanding of outsourcing frameworks, principles, and regulations
• Proven ability to work horizontally and collaboratively with key stakeholders
• Exceptional communication skills and relationship management capabilities, able to communicate with all levels of the organization effectively
• Proven ability to manage multiple priorities, executing initiatives on time with the desired outcomes
• High intellect, decisiveness and the drive and flexibility to operate in a constantly changing environment
• Strategic mindset and ability to clearly articulate vision; ability to drive adoption and measure success of initiatives

Education & Preferred Qualifications

• 15+ years Outsourcing experience in the financial services industry specifically involving third party risk management and experience leading transformation projects in global organizations is preferred
• BA/BS degree in business, finance or related field. Masters degree a plus.
• Strong verbal and written communications skills and some experience with presentations.
• Experience within large complex organizations, including within financial services organizations
• Experience working with various risk programs, including risk analysis and risk reporting
• Experience executing reporting to governance committees.
• Strong working knowledge of Microsoft Office products, particularly PowerPoint and Excel.
• Prior experience with Access preferred.

(*) includes State Street Trust Company Canada (SSTCC), Canada Branch and State Street Global Markets Canada (SSGMC)
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
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.

What you will be responsible for

• Lead the State Street Canada TPRM Program and program uplift activities to meet evolving regulatory requirements and drive program adoption by legal entities and business units
• Understand the global outsourcing regulatory landscape to determine requirements to be met with the global program and local nuanced requirements to be addressed by Legal Entity Outsourcing Offices
• Provide direction, support, and thought leadership to the Canadian legal entities and Business Units/Corporate Function legal entity Engagement Managers on outsourcing risks and activities
• Maintain the State Street Canada TPRM Guideline and Procedures and govern complianc

These skills will help you succeed in this role:

• Must possess superior leadership and managerial skills
• Energetic leader with a passion for and deep understanding of outsourcing frameworks, principles, and regulations
• Proven ability to work horizontally and collaboratively with key stakeholders
• Exceptional communication skills and relationship management capabilities, able to communicate with all levels of the organization effectively
• Proven ability to manage multiple priorities, executing initiatives on time with the desired outcomes
• High intellect, decisiveness and the drive and flexibility to operate in a constantly changing environment
• Strategic mindset and ability to clearly articulate vision; ability to drive adoption and measure success of initiative