Who we are looking for

A high-profile role within the firm this Pre-Approval Controlled Function (PCF14) position for State Street Custodial Services (Ireland) Limited requires a high-calibre professional who will provide an independent assessment of the regulated entity’s risks and proactively communicate and engage at senior levels within the business to assist with identifying, analysing, mitigating, managing and monitoring the risks that arise. The individual should have a strong background in risk management, notably the implementation and embedding of risk frameworks and related tools. The individual will serve as a subject matter expert, providing ongoing direction and consultative advice to the business unit with respect to risk management policies, guidelines, and best 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 Manager you will

• Demonstrate ethical leadership and promote the highest standards of integrity, probity and corporate governance. Drive the effective communication, implementation and compliance with accepted industry practice, company policies, statute and regulatory requirements.
• Play a leading role in defining and embedding a sustainable culture of risk awareness, which is consistent with the company’s core values.
• Assist the Business Unit in identifying, analysing, managing and preventing risks inherent in its new and existing business / products / operating models and developing or enhancing existing controls to mitigate these risks.
• Oversee the risk management infrastructure and practices consistent with regulatory expectations for a depositary and industry sound practices.
• Implement the Corporate Risk Framework and related programmes within the firm. Ensure that these are in line with corporate methodology and local regulatory requirements.
• Assist business unit in implementing effective risk management best practices by developing and establishing continuous risk identification, measurement, management, control and reporting.
• Serve as a subject matter expert, providing ongoing direction and consultative advice to the business unit with respect to risk management policies, guidelines, and best practices.
• Consider specific industry, market and regulatory matters relevant to the firm and monitor and assess the impact of changes in the regulatory risk profile from a risk perspective.
• Report regularly to corporate and regional committees and legal entity Boards, with appropriate, timely and relevant information so that the committees and Boards can discharge their responsibilities effectively.
• Develop effective working relationships and communications with staff and ensure that staff are motivated, developed and supported.
• Develop relationships with key internal and external stakeholders and foster a culture of risk awareness through all interactions
• Develop and review of Risk Management related policies and procedures to ensure they are sufficient to meet regulatory requirements and be proactive in identifying areas for control improvement.
• Monitor and report on adherence and consistency of strategic initiatives within board approved risk appetite framework, tolerances and profile.
• Provide independent oversight and challenge of effectiveness of processes for risk identification, assessment, mitigation, management and reporting. Provide subject matter expertise and challenge to business response, management and mitigation of material risk exposures.

What we value

These skills will help you succeed in this role

• Ability to analyse complex products and issues including using network of colleagues to obtain additional information to facilitate sound decision-making process.
• An experienced and skilled communicator at all levels who inspires confidence, influences and motivates others.
• Influence courageously and challenge senior management in a professional manner. Communicate effectively and efficiently with colleagues and Senior Managers in other departments and locations.
• Collaborate for results including providing assistance to other team members and readily sharing information and learning across the department.
• Strong Organisational skills.

Education & Preferred Qualifications

• University Degree in a relevant field such as accounting, finance or banking or equivalent professional qualification
• Minimum 10 years of experience in banking operation (or financial services industry or similar)
• Depositary Experience Required
• Previous experience of holding PCF 14 an advantage
• Experience operating in a highly regulated environment.
• Have in depth knowledge and experience of best practice risk management methodologies and emerging practice in financial services.
• Excellent communication skills (written and oral)
• Ability to develop and maintain strong business relationships within the business units and across the corporation while maintaining a level of challenge

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

About State Street

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.

Discover more information on jobs at StateStreet.com/careers

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