Head of Business Controls, India – Senior Vice President

Who we are looking for

The Head of Business Controls – India, Senior VP / Senior Managing Director as a key senior leadership role within the India business management structure, will lead the execution of the firm’s Risk Excellence program across business controls, governance, and regulatory initiatives. This position plays a pivotal role in strengthening first-line control environments and driving best-in-class risk practices across State Street India.

This first line role will report to the Country Head of India and functionally to the Chief Control officer of the Bank and will provide leadership to all BRM leads in India to manage a robust regional first line assurance program and manage corporate initiatives to enable best in class control environments.  

While role is advertised to be in Mumbai / Pune as a preferred location, we are open to considering candidates who are based in other State Street locations where we have a significant presence in India (Bangalore, Chennai and Hyderabad).

What you will be responsible for

• Influence senior business leaders and drive risk mindset, risk accountability and risk culture
• Provide direction to Business Risk Management and first line leaders to maintain an integrated and consistent approach to best in case controls design, implementation,  monitoring, measurement, issue management, and reporting
• Coordinate with second and third lines of defense functions to implement consistent risk management processes related to risk identification, risk assessment, issue management, reporting, and training.  Collaborate to ensure clear delineation of roles and optimum coordination among the three lines of defense.
• Lead the on-going documentation, review and implementation of business controls by leveraging best practices internally and externally to establish an effective “first line of defense” across all business lines and corporate functions.
• Lead regional management routines with a view to understand and monitor risks, effectiveness of controls and proactive testing and failure modes.
• Collaborate closely with the Global Regulatory Liaison Office and legal entity governance teams to establish efficient and effective governance standards and face off with the regulators as appropriate.
• Lead and manage all functions through a combination of direct and matrix management reporting lines.
• Proactively and continuously seek to identify and implement best practices, policies and procedures.
• Creatively align resources to be efficient and productive while delivering business value.

Education and Experience:

• Previous experience (18yrs+) , presently in a leadership role related to risk management, control related functions, preferably in a heavily regulated global business.
• Experience with operating in a highly matrixed and global environment and being able to deliver business results in rapid growth/change environments.
• Strong leadership skills with a passion for leading, developing and engaging large, diverse teams;
• Proven client service and relationship management skills;
• Strategic and innovative thinker;
• Strong operations knowledge and commercial acumen;
• Ability to develop and drive a culture of risk excellence;
• Sound communicator with established skills in cooperation and collaboration.

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 are making our mark on the financial services industry. For more than two centuries, we have 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.

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