Who we are looking for

Candidates will be experienced in sound risk management and governance practices within the Banking and/or 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 is a part of State Street Global Delivery (SSGD). SSGD gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGD’ tools help our clients make better investment choices and act on growth opportunities. The current remit of SSGD Business Risk Management (BRM) includes Assurance, Risk, Controls and Assessment activities, Business Continuity, Governance, Operational Risk Management and incident analysis, Compliance Program implementation, Risk Metrics, Event Management, Policy and regulatory change and Information Security.

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 Business Risk Vice President you will

• Lead the AIS (Alternatives) functional area for Global Delivery Business Risk Management (BRM) organization.

• Collaborate with AIS operational management team to steer and direct effective governance and management of operational risks within the first of line of defense (FLOD), ensuring prompt escalation of keys risks and control issues, devising and recommending solutions to mitigate and remediate risks outside of tolerance.

• Shape, implement and execute core risk initiatives and programs to materially reduce risks, strengthen and streamline the global process and control environment with a proactive focus on emerging risks, incident trends and root cause themes thereby enabling decisive and timely management response and mitigation.

• Continuously assess and propose opportunities to enhance risk management processes and controls improvement, and provide guidance to business on design and application of key controls, procedures and best practices.

• Manage and run effective Business Risk and Control governance forums in line with the governance framework. Partner with operational management teams to ensure that a structure is in place which incorporates management metrics to identity risk themes, provide actionable risk insights and reporting needed for informed and decisive data driven decision making.

• Implement and oversee strong risk management processes and frameworks in alignment with methodology and practices employed by GD globally. Coordinate on the implementation of, and adherence to, policies, procedures, guidelines and risk management practices defined and administered by GD BRM and associated partner groups (ERM, Compliance, Legal, Internal Audit, and Business Risk Management).

• Oversee and participate in audit, compliance and regulatory exam engagement.

What we value

These skills will help you succeed in this role

• Financial Services experience within operations, risk management and/or audit disciplines. Strong understanding of Alternatives business is preferred but not essential.

• Ability to execute on goals and objectives under challenging circumstances and engender a true sense of urgency, pace and collaboration in a matrix managed organization.

• Proven experience of positive, constructive and challenging interactions with senior management.

• Collaborative and ability to influence, obtain buy in and drive implementation of decisions.

• Excellent organizational skills with ability to facilitate and resolve conflicts, make informed risk optimized decisions under time pressure, able to navigate and co-ordinate seamlessly across the global organization and bring people together to achieve business objectives.

• Analytical with high attention to detail. The successful candidate will demonstrate an aptitude for detailed analysis, trend identification and a propensity to be a change agent and drive issues toward resolution.

• Strong verbal and written communication skills. The successful candidate will 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.

Education & Preferred Qualifications

• University degree or equivalent.

• More than 10 years of experience in the financial services industry.

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.

Discover more at StateStreet.com/careers

Salary Range:

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.