What are the responsibilities and job description for the Business Controls, Assistant Vice President position at State Street Corporation?
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
Financing Solutions 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 Financing Solutions are designed and operating effectively. The Financing Solutions Business Risk Advisor, Assistant Vice President will execute the following responsibilities in support of the Financing Solutions products 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 Financing Solutions 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 Financing Solutions.
- Lead Financing Solutions 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 Financing Solutions and assist Financing Solutions with preparation, guidance and support
- Ensure risk management and internal controls are assessed and adapted appropriately within Financing Solutions transformation and change management initiatives
- Ensure Financing Solutions 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 Financing Solutions first line process owners
- Facilitate consistent execution of first- and second-line central risk program and corporate policy requirements within Financing Solutions.
These skills will help you succeed in this role :
Education & Preferred Qualifications :
Salary Range :
110,000 - $170,000 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.
Job Application Disclosure :
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
State Street's Speak Up Line
Salary : $110,000 - $170,000
