Who Are We?
Business Risk Management is a valued partner to State Street executives and senior leadership of Business Units and Corporate Functions with respect to the identification, assessment and mitigation of risk.
Who Do We Serve?
Business Risk Management serves State Street's clients, leadership and employees by designing a strong internal control environment and providing assurance of its effectiveness to our Board.
Why Are We Important?
Business Risk Management aligns Business Units and Corporate Function risk management practices with firmwide risk and control objectives, assisting senior leadership with balancing risk management and business unit performance.
How Do We Delivery Results?
Business Risk Management drives a culture of risk excellence and constant transformation within our Business Units and Corporate Functions, making relentless forward progress with respect to the reduction of residual risk.
Who Do We Support?
Our Business Risk Management team provides first line risk management support for the Global Markets and Global Credit Finance Business Units as well as the Corporate Finance, Global Human Resources, Legal and Enterprise Risk Management Corporate Functions
Legal Entity aligned Risk Advisors within BRM teams are embedded within the first line of defense to both drive a strong culture of risk excellence and ensure business line controls mitigating risk for the Legal Entity are designed and operating effectively. The SSBI Global Markets Business Risk Advisor, Vice President will execute the following responsibilities in support of the Global Markets products and business unit leadership within SSBI ensuring consistency with the global CFMF BRM team wherever possible.
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Ensure Global Markets functions operating out of SSBI have ongoing adherence to Issues & Incidents policy requirements through education and hands on support
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Coordinate consistent execution of first and second line central program policy requirements for SSBI Global Markets
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Drive improvements to control design and documentation for SSBI Global Market Functions, working in alignment with the global CFMF BRM team
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Ensure Corporate Policy changes and new requirements are implemented in the SSBI Global Markets Functions
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Maintain a complete view of all Assurance events, Audit and Exams scheduled for SSBI Global Markets and assist the Global Markets functions with preparation, guidance and support
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Support SSBI Global Markets with the self-identification of issues through proactive engagement
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Ensure risk management and internal controls are assessed and adapted appropriately within Global Markets through SSBI transformation and change management initiatives
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Cultivate and maintain productive relationships with global and SSBI first, second and third line stakeholders
These skills will help you succeed in this role:
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Risk Excellence mindset
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Understanding of the unique regulatory requirements and expectations for SSBI within the State Street organization
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Demonstrated success in strengthening Internal control environment and risk mitigation
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Organizational collaboration & communication with ability to facilitate and resolve conflicts, ability to make informed, risk optimized decisions under time pressure.
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Attention to detail and a propensity to drive issues toward resolution
Education & Preferred Qualifications
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Bachelor’s degree in a related field
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12+ years of experience in risk, compliance and/or audit functions within the financial industry
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Knowledge and understanding of regulatory, operational, market, and technology risks in financial services
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Strong interpersonal skills, proven ability to work independently and within a team
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Excellent communication, writing, data management, organizational, project management and co-ordination skill
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Strong critical thinking, problem solving, and decision making skills
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Must be organized, detail oriented, responsive and be able to adapt quickly to a rapidly changing environment
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
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.
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