Operational Risk, Assistant Vice President, State Street Global Advisors

Operational Risk, Assistant Vice President, State Street Global AdvisorsApply locations: Boston, Massachusetts
Time Type: Full time
Posted on: Posted 17 Days Ago
Time left to apply: End Date: November 25, 2024 (10 days left to apply)
Job Requisition ID: R-760683
Who we are looking for As an Assistant Vice President in State Street Global Advisors' Operational Risk Management (ORM) team, you will support program strategy and framework implementation to ensure effective identification, measurement, control and management of SSGA operational risk primarily in North America. The role includes oversight for all asset management activities regionally, as well as any support or sub-delegated responsibilities outside of the region.
In this role you can anticipate substantive interaction with several global business functions, such as Investment Management, Operations, Trading, Product, Legal and Compliance, and will need to communicate effectively with a wide range of people. You will also drive a risk-aware culture throughout the organization by challenging the status quo and providing objective thought leadership to our organization and the financial industry.
Why this role is important to us State Street Global Advisors is one of the largest asset managers in the World with over $4 trillion of Assets Under Management (AUM). It is also the investment management arm of State Street Corporation, one of the world's leading providers of financial services to institutions. Institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are critical to our continued success.
The State Street Global Advisors Enterprise Risk Management team consists of over 70 risk professionals located in various locations across the US, EMEA and APAC. As a combined group, we are responsible for identification, assessment, control and reporting of risk in five main areas: operational, investment, liquidity, credit, and model risk.
What you will be responsible for Support the overall operational risk program and framework of SSGA North America's business units together with ensuring the region's ongoing quality of business unit programs.Provide support in the production of risk management information for relevant bodies (Committees, Forums, Legal Entity Boards etc.).Provide strategic oversight to business line development through identification and communication of emerging risks and themes.Provide risk oversight and reviews/challenges to various risk management programs such as Risk & Control Self-Assessment (RCSA), Material Risk Identification (MRI), Key Risk Indicators (KRIs), incident analysis, issues and findings identification and resolution.Provide education and tools to the 1st line business to promote/enable self-assessment, measurement, reporting and management of operational risk.Ensure identification of reported incidents are assessed and tracked and corresponding initiatives are implemented as appropriate.Perform Targeted Risk Assessments, Incident Post-Mortem and 'Deep Dive' reviews and investigations into operational processes and work with the business to ensure the development of action plans to remediate identified control gaps.Maintain the highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements.Support a culture of risk openness and effective challenge.What we value Collaborative by nature with the ability to help others achieve more, working with local and global teams, including the flexibility to work within global deadlines.Take ownership, initiative and successfully navigate within a fast-paced and international environment of a leading global financial institution.Have ability and motivation to master key concepts and themes in an evolving regulatory environment.Have high degree of efficiency, attention to detail and focus on efficient and accurate execution.Have a positive attitude that motivates and inspires others.Education & Preferred Qualifications Bachelor's degree in finance, economics or business-related field, or equivalent experience.Prior experience in operational risk management, audit or related field.Willingness to use technology and systems to build value-adding risk monitoring processes and reporting.Additional requirements Minimum of 5 years of relevant experience in a financial services organization with demonstrable knowledge of process and control design, assessment and leading practices within the industry.Passion for complex problem solving and skill in strategies to drive engagement and visibility.Demonstrated understanding of the investment management business providing portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organizations, and investment companies.Good working knowledge of operational risk programs (Risk & Control Self-Assessment, Operational Risk Events, Issues Management, Key Risk Indicators, Scenario, etc.).Able to adapt and operate in dynamic environments, with ability to influence management and build key relationships.Excellent analytical, social and communication skills combined with ability to work independently with a can-do attitude.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.
Salary Range: $80,000 - $132,500 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.

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