Alpha Services Business Risk Management Risk Advisor, VP (Finance)
Who we are looking for
State Street Alpha Services is seeking a skilled and proven Business Risk Advisor, Vice President to support leadership in the identification, assessment and mitigation of risk. The successful candidate will work in a demanding environment to meet expectations of this rapidly growing business. They will demonstrate deep knowledge of current industry methods for evaluating, implementing, and improving processes and tools.
Why this role is important to us
Effective risk management is a top priority for a G-SIFI organization. As a member of the BRM team you will assist in the execution of risk management activities aimed at governing, overseeing, and managing business risks, in support of the firm's risk excellence goals.
What you will be responsible for
- Identify and assess risks and controls within business and technology processes.
- Evaluate design and operating effectiveness of controls as part of periodically required process and control reviews.
- Self-identify, and assist the business in self-identifying, control issues, analyze their root causes, draft / assist in drafting appropriate and timely remediation plans, and continuously monitor remediation progress.
- Advise the business on risks and control design, adopting a partnership approach, especially during introduction of newer technology and business processes.
- Assist with the execution of key business risk programs, including regular risk reviews, risk reporting, oversight, and governance activities (including issue and incident management), and monitoring control performance.
- Assist with the preparation and coordination of outside reviews, including audit events and/or regulatory examinations.
- Escalate any perceived violations of rules, regulations, policies, procedures and recommend a course of action.
- Manage resources in the performance of the above responsibilities.
- Train others in the State Street methodology and re-enforce an inherent culture of accountability and ownership for implementation and execution of controls across all levels and functions within the organization.
- Participate in the strategic development of the Business Risk function.
- Partner with the second line and third of defense consistent with our risk management/control objectives
- Support with sourcing information for the Business Line Risk Profile
- Driving completion of TPRM, ISRMP and Data Governance Activities
What we value
These skills will help you succeed in this role
- Ability to identify and articulate risk and control themes to senior management
- Ability to collaborate and work across multiple stakeholders
- Ability to solve complex problems with support from management
- Able to effectively balance multiple tasks through careful prioritization
- Advanced MS Excel, Word, PowerPoint, etc.
- Ability to manage complexity, to effectively prioritize multiple tasks and work independently in non-routine situations.
- Willingness to learn new technologies and processes.
- Strong analytical, interpersonal and organizational skills.
- Good understanding of the role of first, second and third line of defense.
- Excellent management and leadership skills.
- Strong influencing, collaboration, and project management skills
- Critical thinking and intellectual curiosity.
- Initiative, ownership and energetic.
- Excellent analytical skills.
- Self-motivation, self-assurance and self-management.
- Excellent team player that treats others with respect.
- Bachelor's degree in Management, Accounting, Risk Management, Computer Science / Information Technology, or a related field
- Minimum of 12-15+ years proven experience with risk management, auditing standards, and best practices
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
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.
Salary Range:
$130,000 - $212,500 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.
Job Application Disclosure:
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.
State Street's Speak Up Line
Salary Minimum: 130000Salary Maximum: 212500