Business Risk Management - Manager

Who we are looking for

Alpha Platform has established a Business Risk Management function that improves risk management in the first line of defense through implementing controls, monitoring and testing, and oversight activities.  The Business Risk Manager (BRM) Officer is a key contributor within the first line of defense risk management program and acts as a valued partner to the Alpha Platform business in the identification, assessment, mitigation, and reporting of risk.  The BRM Officer will also help advise the Alpha Platform business on how to effectively balance 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 or fintech industries. Further, potential BRMs must have experience with compliance, resiliency, and/or technology risks and controls. He/she will partner across stakeholder groups to enhance risk management capabilities, improve the efficacy of the control environment, support clients’ oversight of the Alpha Platform via due diligence and audits, 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 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 a Business Risk Manager you will

• Document and communicate results of reviews, including issues and recommendations, to process owners and senior management
• Advise on the design and implementation of new controls
• Use available data to compile responses to client risk questionnaires and support client audit requests
• Assist in the execution of risk assessment programs
• Assist in the oversight of Issues Management across Alpha
• Analyze root causes and trends in the Alpha Incident Management process
• Initiate communications with key stakeholders for inconsistencies identified and follow through to successful resolution
• Assist with the creation and maintenance of procedure documents, trainings, and FAQs
• Establish positive relationships with key functional teams and leaders within first line of defense business lines, second line of defense, and auditors
• Develop and maintain an understanding of State Street’s products, emerging technologies, and industry trends
• Maintain the highest level of personal integrity in all dealings thereby mitigating reputational risk to State Street and its customers
• Other tasks as required

What we value

These skills will help you succeed in this role

• Risk and controls skills (e.g. Risk Management, Compliance, Resiliency, or Audit)
• Critical Thinking and problem-solving
• Effective communication, written and verbal
• Analytical skills, including data analytics
• Ability to work independently or collaboratively and drive execution across virtual teams
• Ability to empathize and connect stakeholders with different perspectives

Education & Preferred Qualifications

• 5 – 8 years background / experience in risk & control functions (e.g. Risk Management, Compliance, Resiliency, or Audit)
• Advanced PC literacy including: PowerPoint, Excel, MS Office
• Experience working with cloud technology, preferably in a Software as a Service (SaaS) business model
• Experience in the financial services or fintech sectors

Additional requirements

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

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