Business Risk Manager - AVP

Who we are looking for

State Street has an established presence in the Middle East, and the Business Risk Management function is focused on mitigating risk from within the first line of defense. The function partners with executive management in the assessment and oversight of business risks, central management of control programs governance, establishment of reporting, implementation of corporate programs and business solutions related to operational, compliance and technology risks. State Street’s Business Risk Management function is an independent function within the first line of defense, which acts as a valued partner to support business executives across our legal entities and global business lines. The function supports business line management in the identification, assessment, and mitigation of risk, whilst cultivating practices which enable a balance of business unit performance with risk and compliance objectives. 

The successful candidate will work across the organization to identify and drive solutions in support of risk management activities and aim to enhance the overall control environment. Specifically, you will provide regional expertise and leadership to local country heads within the Middle East region and support centrally managed activities within the global Business Risk Organisation. This role will also require you to interact with global teams across the three lines of defense in addition to clients and regulators. The roles and responsibilities include, but are not limited to supporting risk assessments, governance committees, conducting process and control analysis, reviewing incidents, issues, policies and acting as a risk partner in consideration to new products, regulatory change, or business projects.

What you will be responsible for:

(Assistant Vice President) - (Business Risk Manager):

• Support Head of function to coordinate, and oversee the execution of business line risk management practices including regional risk assessments (RCSA/LERA), issue and incident management, key risk indicators and control monitoring, issue, and incident reporting

• Support business functions to ensure the implementation of, and adherence to, policies, procedures and guidelines prescribed by corporate functions including Compliance, Enterprise Risk Management, Technology

• Support regulatory and policy assessments, to ensure compliance with obligations or firm standards

• Liaise with regional Management to provide a consolidated view of legal entity risk profiles through committee representation and provision of risk metrics to support informed risk-based decision making

• Act in an advisory and assessment capacity, to ensure the risks of new business, products and service changes are adequately identified with proposed mitigants

• Ensure global risk management practices and programs are implemented based on applicability for the entities with oversight of any third-party relationships

• Identify opportunities to refine Legal Entity/Country specific requirements and harmonize global best practices

• Partner with the second and third lines of defense and face off with local regulators and clients

• Support a culture of risk excellence through demonstrated behavioural traits

What we value:

These skills will help you succeed in this role:

• Independent strategic thinker with an understanding of risks within financial services organisation

• Organizational awareness with ability to facilitate and resolve conflicts effectively

• Effective communication and influencing skills across all levels of a global organization

• Strong analytical skills and a propensity to drive issues toward resolution with effective problem solving

• Self-motivated professional with the ability to work in fast paced environment with competing priorities

• Proficiency in Microsoft Office suite (Excel, PowerPoint, Word, Teams) and related risk platforms i.e Archer

Education & Preferred Qualifications

• Minimum of 7 years’ experience in risk, compliance, or audit roles within the financial services industry

• Knowledgeable on regulations, products, risks, and controls within the financial services industry

• Related Risk or Compliance qualifications

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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Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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