16 days old

Operational Risk, Global Markets, AVP

State Street
Boston, MA 02109
  • Job Code
    R-665000

Who we are looking for

The Business Risk Advisory is part of the first line of defense risk management program. The position will be located in Boston, MA. This role acts as a valued partner in the business in the identification, assessment, and mitigation of risk as well as the cultivation of a framework of practices that enables a balance of commercial considerations with the risk excellence objectives established by business leadership.

Candidates will be experienced in sound risk management and governance practices within the Financial Services industry. They will partner across stakeholder groups to enhance risk, control and operational management capabilities, improve the efficacy of the control environment, and better respond to regulatory guidance/mandates through the implementation of uniform governance and risk management practices.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Operational Risk, Global Markets, AVP you will

  • Manage and coordinate the execution of risk management programs including, issue and incident management, key risk indicators and control monitoring, risk acceptance, Archer reporting and participating in product risk assessments (INFRAs)
  • Advise and support business change initiatives, remediation of control gaps and deficiencies, and access management controls
  • Work with the business teams as well as second and third lines to establish and maintain a complete control inventory, assess control effectiveness, document self-identified issues, remediate operational incidents, and ensure compliance with regulations and corporate policies and standards
  • Manage the assessment, implementation, and adherence to policies, procedures and guidelines prescribed by corporate functions and business partners such as Compliance, Enterprise Risk Management, Corporate Information Security, etc.
  • Facilitate the regulatory change management process including completion of business impact assessments and required process and control design changes
  • Establish and monitor Key Risk Indicators, drive reporting to governance committees, and escalate risks as appropriate
  • Manage execution of corporate risk programs including access management, resiliency and business continuity, complaints, conflicts of interest, contract compliance, etc.
  • Coordinate regulatory and audit exams as well as assurance reviews
  • Manage business line procedural inventories and complete periodic reviews and updates

Education & Preferred Qualifications

  • 5-10 years of experience in risk, compliance, and/or audit functions within the financial services industry
  • Independent strategic thinker with an understanding of regulatory, operational, market, and technology risks in financial services
  • Knowledge and experience with foreign exchange trading businesses
  • Strong organizational awareness with ability to facilitate and resolve conflicts; ability to make informed, risk optimized decisions under time pressure.
  • Demonstrated success as a change agent that possesses both superior relationship management and communications/influencing skills across all levels of a global and complex organization; ability to execute on goals and objectives under challenging circumstances.
  • Attention to detail and a propensity to drive issues toward resolution.
  • Keen awareness and appreciation for teamwork and collaboration
  • Superior verbal and written communication skills; it is vital that the candidate possess the ability to articulate complex thoughts in a cogent, linear and method-driven manner and to assimilate information for senior executives concisely and appropriately for the situation at hand.

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 were making our mark on the financial services industry. For more than two centuries, weve 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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. Youll have access to flexible Work Program 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 perspective 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 the 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 program 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.

Discover more at StateStreet.com/careers







Posted: 2021-06-08 Expires: 2021-07-07
Sponsored by:
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Sponsored by:
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Operational Risk, Global Markets, AVP

State Street
Boston, MA 02109

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