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Business Risk Manager, GlobalLink, Vice President

State Street

State Street

Boston, MA, USA
Posted on Friday, May 10, 2024

Business Risk Manager, GlobalLink, Vice President

Who we are looking for

Global Markets has established a Business Risk Management function that is focused on risk management in the first line of defense through the implementation of controls, assessment of risks in change projects, and ongoing oversight. This role acts as a valued partner to the GlobalLink business and Global Link IT in the identification, assessment, and mitigation of risk as well as the cultivation of a framework of practices that enables a balance of commercial considerations with the risk excellence objectives established by business leadership.

Candidates will be experienced in sound risk management and governance practices within the financial services industry. Further, potential candidates must have experience with technology risks and controls associated with information security, IT infrastructure, and access management. He/she will partner across stakeholder groups to enhance risk, control and operational management capabilities, improve the efficacy of the control environment, and better respond to regulatory guidance/mandates through the implementation of compliant solutions.

Why this role is important to us

The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for

As Business Risk Manager, GlobalLink, Vice President you will

Contribute to the execution of risk management programs including risk assessments (RCSAs), issue and incident management, key risk indicators and control monitoring, and risk acceptance.

· Advise and support business change initiatives, remediation of control gaps and deficiencies, and access management controls

· Work with the GlobalLink teams as well as second and third lines to establish and maintain a complete control inventory, assess control effectiveness, document self-identified issues, remediate operational incidents, and ensure compliance with regulations and corporate policies and standards

· Advise on the assessment, implementation, and adherence to policies, procedures and guidelines prescribed by corporate functions and business partners such as, Enterprise Risk Management, Global CyberSecurity, etc.

· Facilitate the regulatory change management process including completion of business impact assessments and required process and control design changes

· Contribute to reporting to governance committees, and escalate risks as appropriate

· Provide advice and support on regulatory and audit exams, SOC assessments, and assurance reviews

What we value

These skills will help you succeed in this role:

  • Strong organizational awareness with ability to facilitate and resolve conflicts; ability to make informed, risk optimized decisions under time pressure.
  • · Attention to detail and a propensity to drive issues toward resolution.
  • · Keen awareness and appreciation for teamwork and collaboration
  • · Superior verbal and written communication skills; it is vital that the candidate possess the ability to articulate complex thoughts in a cogent, linear and method-driven manner and to assimilate information for senior executives concisely and appropriately for the situation at hand.

Education & Preferred Qualifications

15-20 years of experience in risk, compliance, and/or audit functions within the financial services industry

· Independent strategic thinker with an understanding of technology, regulatory, and operational risk in financial services

· Knowledge and experience with electronic trading platforms, trading, and Global Markets businesses

· Experience in a global organization preferred

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.

Salary Range:

$110,000 - $185,000 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.