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 Deliver 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 Corporate Functions, Markets & Financing (CFMF) 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
Partnered Trading & Transition Management aligned Risk Advisors within Business Risk Management teams are embedded within the first line of defense to both drive a strong culture of risk excellence and ensure business line controls for the business are designed and operating effectively. The Partnered Trading & Transition Management Business Risk Advisor, Vice President will execute the following responsibilities in support of the business unit's products and business unit leadership ensuring consistency with the global CFMF BRM team wherever possible.
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Serve as a Culture Champion for Risk Excellence by leading regular business unit aligned Risk Forums, identifying emerging risks, supporting self-identification of issues, recognizing training needs and operating as the primary point of escalation for any non-financial risk concerns in the business unit.
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Lead business unit applicable risk assessments, operational key risk indicator (ORKI) identification and oversight and resulting control design and implementation activities
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Maintain a complete view of all Assurance events, Audit and regulatory Exams scheduled for Partnered Trading & Transition Management and assist the business units with preparation, guidance and support
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Ensure risk management and internal controls are assessed and adapted appropriately within Partnered Trading & Transition Management transformation and change management initiatives
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Ensure the business unit has ongoing adherence to Issues & Incidents policy requirements and serve in a review and challenge role from identification through the completion of remediation activities by the business unit’s first line process owners
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Facilitate consistent execution of first- and second-line central risk program and corporate policy requirements within the business unit.
These skills will help you succeed in this role:
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Risk Excellence mindset and high level of attention to detail
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Ability to successful cultivate and maintain productive relationships with first, second- and third-line stakeholders
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Strong organizational collaboration and communication capabilities
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Ability to successfully facilitate and resolve conflicts
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Ability to make informed, risk optimized decisions under pressure
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Propensity to drive issues toward resolution
Education & Preferred Qualifications:
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Bachelor’s degree in a related field
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10 years of experience in risk, compliance and/or audit functions within the financial industry
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Additional experience as a first line process owner in a large financial institution preferred
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Demonstrated success in strengthening the internal control environment and risk mitigation in a prior first- or second-line role
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Knowledge and understanding of regulatory, operational, market, and technology risks and risk management frameworks applicable to financial services
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Knowledge of regulatory requirements and expectations for highly regulated broker-dealers operating within the State Street organization
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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll 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
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State Street Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about State Street and has not been reviewed or approved by State Street.
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Retirement Support — Retirement support is framed as a standout component, highlighted by a 401(k) match described as 100% on the first 6% of base salary. This is positioned as a meaningful offset to less competitive cash compensation for some roles.
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Leave & Time Off Breadth — Leave and time off are portrayed as relatively robust, with references to multi-week vacation, paid holidays, sick time, and additional days tied to wellness or volunteering. This breadth is repeatedly treated as a tangible part of total rewards beyond base pay.
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Wellbeing & Lifestyle Benefits — Wellbeing and lifestyle benefits are presented as extensive, including the BeWell program, fitness discounts, onsite or supported health resources, and financial counseling. These offerings are depicted as strengthening the overall benefits proposition even when pay satisfaction is tepid.
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What We Do
At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future
