hero

Mass Fintech Careers

Discover the opportunities across the Mass Fintech Community

Professional Practices- Audit Plan and Methodology Governance Lead, Vice President

State Street

State Street

Boston, MA, USA
Posted on Jul 26, 2024

Who we are looking for

As a direct report to the Head of Corporate Audit (CA) Practices, the Professional Practices - Audit Plan and Methodology Governance Lead is responsible for leading the annual audit execution and managing the day to day changes of the current year plan to drive a leading practices internal audit function for a Global Systemically Important Bank in compliance with professional standards and regulatory requirements. In addition to Audit Plan Development and Audit Plan Governance, this role will also oversee the execution and challenge of various centralized controls put in place to monitor the effectiveness of the Internal Audit Department. In this role you will be based out of Boston, Massachusetts.

Due to the role requirements this job needs to be performed primarily in the office with some flex work opportunities available.

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; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, 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 the Audit Plan and Methodology Governance Lead, Vice President you will:

  • Oversee the annual execution of Audit Plan Development (including annual, or more frequent, trainings on the process).
  • Work with both the Head of Professional Practices to manage the day to day changes to the current Year Audit Plan and the Resources Team to clearly communicate those changes and impact.
  • Operate collaboratively with other leaders including the Head of Methodology, the Resources Team and the Data Analytics Team to drive further automation and process efficiencies.
  • Oversee the execution of various centralized controls put in place to monitor the effectiveness of the Internal Audit Department.
  • Clearly and concisely summarize control results, identify trends and themes and propose remediation plans to further enhance processes and outcomes
  • Establish and maintain collaborative partnerships at all levels within CA.
  • Other Professional Practices activities, as required.

What we value

These skills will help you succeed in this role

  • A high degree of professionalism with proven history of providing effective leadership to diverse teams.
  • The ability to manage complexity, effectively prioritize multiple tasks and work independently in non-routine situations and in a fast-paced environment.
  • Effective communication skills, with an energetic, charismatic and approachable style. Candidates must have effective influencing skills, the ability to work effectively at the highest levels of the organization and demonstrate effective collaboration skills that support and elevate the stature of CA.
  • Self-motivated, detailed oriented, and ability to multi-task, balancing business as usual activities and change initiatives.
  • Strategic mindset and ability to clearly articulate vision; ability to drive adoption and measure success of initiatives.

Education & Preferred Qualifications

  • 10+ years of experience in a related role with internal audit production, methodology, and/or internal audit quality assurance experience.
  • Bachelor’s / University degree, preferable in finance, accounting or related field.
  • Advanced degree or certification (CFA, FRM, CPA, CIA) preferred.
  • Knowledge of and experience with Internal Audit Standards and related regulatory requirements (IIA, FRB SR13-1, CIIA, etc.).
  • Proficiency in English is required, and knowledge of other languages is advantageous.

Additional requirements

While majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates.

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.

Discover more at StateStreet.com/careers

Salary Range:

$100,000 - $167,500 Annual

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.