Senior Vice President, Head of Non-Financial Risk Management (Investment Management)

The Senior Vice President, Head of Non-Financial Risk Management, Investment Management is a senior executive responsible for leading Second Line Oversight for Compliance and Operational Risk across the Investment Management (IM) business. Reporting to the Chief Compliance and Operational Risk Officer (CCORO), this role ensures that non-financial risk management strategies, governance and practices effectively identify, assess, mitigate and report on risks, supporting business objectives, fiduciary obligations, and global regulatory requirements.

As a member of the Investment Management senior leadership team and broader Non-Financial Risk Management leadership community, this executive serves as a trusted advisor, independent challenge function, and strategic partner to business leadership, enterprise stakeholders, regulators, and governance committees.

Key Responsibilities:

Strategic Leadership:

• Lead and continuously enhance the Non-Financial Risk Management framework for Investment Management, encompassing Compliance and Operational Risk, in alignment with enterprise policies, regulatory expectations, and industry standards

• Serve as a senior leader for non-financial risk matters within Investment Management, providing independent oversight, credible challenge, and strategic risk advice

• Advise and consult with senior business and enterprise leaders on emerging risks, control effectiveness, and risk-informed decision making

Compliance Oversight & Regulatory Accountability:

• Oversee a global Compliance program supporting a complex, multi-jurisdictional Investment Management business, including monitoring, testing, risk assessment and issue management

• Provide subject matter expertise and advisory support on applicable laws, regulations, regulatory guidance, and internal policies across all Investment Management activities

• Manage and lead engagement with global regulators, including preparation for and execution of regulatory examination and remediation activities

• Actively participate in regulatory change management process to ensure timely identification, assessment, and implementation of changes impacting the Investment Management business

• Prepare and present periodic Compliance reports and program assessments to senior management, governance committees and Boards

Operational Risk Oversight:

• Provide Second Line Oversight for Operational Risk across Investment Management, including risk identification, assessment, escalation and remediation

• Lead independent review and challenge of First Line risk ownership through scenario analysis, loss event review, root cause analysis, and lessons-learned activities

• Partner with business and enterprise stakeholders to promote effective operational risk controls, resiliency, and sustainable remediation of issues

Governance, Reporting and Stakeholder Engagement:

• Represent Non-Financial Risk Management and Compliance in Investment Management and enterprise governance forums, providing effective challenge and escalation of material risk matters

• Develop and deliver integrated non-financial risk reporting, including themes, trends, and emerging risk, to senior management and oversight bodies

• Maintain strong partnerships with Legal, Corporate Audit, Risk Management and other control functions to support coordinated and effective risk outcomes

People & Organizational Leadership:

• Lead, develop and retain a global team of Non-Financial Risk professionals, fostering a culture of integrity, accountability, inclusion, and risk excellence

• Set clear objectives, performance expectations, and development priorities, supporting strong succession planning and organizational resilience

What we Value:

• Deep expertise in Compliance and Non-Financial Risk Management, including Operational Risk, within a global investment management or financial services environment

• Strong executive presence with the ability to influence, challenge, and partner effectively at senior levels

• Demonstrated success managing regulatory relationships and leading through regulatory examinations and remediation

• Ability to manage multiple priorities in a deadline-driven, highly regulated, global environment

Qualifications and Skills Include:

• Bachelor's degree required; advanced degree such as JD, MBA or equivalent is strongly preferred

• Minimum 20 years of progressive leadership experience in Compliance, Non-Financial Risk Management, or Operational Risk within investment management or large financial institutions

• Expert knowledge of applicable global regulatory frameworks impacting investment management businesses

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.

Salary Range:

$225,000 - $337,500 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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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.

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