Operations Business Risk Advisor, Assistant Vice President
Who Are We?
Business Risk Management (BRM) is a valued partner to State Street executives and senior leadership of Business Units and Corporate Functions with respect to the identification, assessment and mitigation of risk.
Who Do We Serve?
Business Risk Management serves State Street's clients, leadership and employees by designing a strong internal control environment and providing assurance of its effectiveness to our Board.
Why Are We Important?
Business Risk Management aligns Business Units and Corporate Function risk management practices with firmwide risk and control objectives, assisting senior leadership with balancing risk management and business unit performance.
How Do We Deliver Results?
Business Risk Management drives a culture of risk excellence and constant transformation within our Business Units and Corporate Functions, making relentless forward progress with respect to the reduction of residual risk.
Who Do We Support?
Our Corporate Functions, Markets & Financing (CFMF) Business Risk Management team provides first line risk management support for the Global Markets and Global Credit Finance Business Units as well as the Corporate Finance, Global Human Resources, Legal and Enterprise Risk Management Corporate Functions
Operations aligned Risk Advisors within Business Risk Management teams are embedded within the first line of defense to both drive a strong culture of risk excellence and ensure business line controls for Operations are designed and operating effectively. The Operations Business Risk Advisor, Assistant Vice President will execute the following responsibilities in support of the Operations teams and business unit leadership ensuring consistency with the global CFMF BRM team wherever possible.
- Serve as a Culture Champion for Risk Excellence by leading regular Operations aligned Risk Forums, identifying emerging risks, supporting self-identification of issues, recognizing training needs and operating as the primary point of escalation for any non-financial risk concerns in Operations
- Lead Operations applicable risk assessments, operational key risk indicator (ORKI) identification and oversight and resulting control design and implementation activities
- Maintain a complete view of all Assurance events, Audit and regulatory Exams scheduled for Operations and assist Operations with preparation, guidance and support
- Ensure risk management and internal controls are assessed and adapted appropriately within Operations transformation and change management initiatives
- Ensure Operations has ongoing adherence to Issues & Incidents policy requirements and serve in a review and challenge role from identification through the completion of remediation activities by Operations first line process owners
- Facilitate consistent execution of first- and second-line central risk program and corporate policy requirements within Operations
These skills will help you succeed in this role:
- Risk Excellence mindset and high level of attention to detail
- Ability to successful cultivate and maintain productive relationships with first, second- and third-line stakeholders
- Strong organizational collaboration and communication capabilities
- Ability to successfully facilitate and resolve conflicts
- Ability to make informed, risk optimized decisions under pressure
- Propensity to drive issues toward resolution
Education & Preferred Qualifications:
- Bachelor’s degree in a related field
- 11 -15 years of experience in risk, compliance and/or audit functions within the financial industry
- Additional experience as a first line process owner in a large financial institution preferred
- Demonstrated success in strengthening the internal control environment and risk mitigation in a prior first or second line role
- Knowledge and understanding of regulatory, operational, market, and technology risks and risk management frameworks applicable to financial services
- Knowledge of regulatory requirements and expectations for Operations within the State Street organization
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