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TPRM Ongoing Monitoring – Manager-Officer Role Summary The Third Party Risk Management (TPRM) Ongoing Monitoring Manager (Officer) role is responsible for coordinating and executing activities under the TPRM Ongoing Monitoring pillar which comprised of four components: performance measurement, periodic financial viability and SOC risk assessments, continuous negative news and supplementary monitoring. This position will liaise with key stakeholders, subject matter experts and business lines to effectively manage risk across our third party population to meet State Street’s regulatory obligations. Job Duties & Responsibilities: • Perform Ongoing Monitoring activities which includes, but is not limited to: third party performance monitoring, negative news monitoring, financial viability assessments, maintain engagement book of records and third party audit reports (SOC1 and SOC2) evaluation • Work closely with business lines/Engagement Managers to communicate program requirements towards Negative Performance Monitoring, News Screening, SOC Attestations and Financial Viability Assessments • Review news alerts received through monitoring tools like World Check and Rapid Ratings on a daily basis and escalate potential negative news alerts to Business stakeholders and track the same for impact/no impact • Work with Engagement Managers and have them record SOC CUEC attestati
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