Operational Risk, Vice PresidentLocation: Boston, Massachusetts
Time Type: Full time
Posted on: Posted 9 Days Ago
Time left to apply: End Date: December 2, 2024 (17 days left to apply)
Job Requisition ID: R-761616
Role Summary: The VP, Operational Risk Manager provides risk management oversight to State Street Corporate Functions including Global Credit Finance, Global Treasury, Finance, and the Global Human Resources organizations.
The role holder will execute the operational risk framework over these lines of business to ensure effective identification, measurement, control, and management of operational risks globally. As a partner to the senior business leaders, the incumbent must be skilled at effectively influencing business behaviors and risk culture, highlighting issues and articulating outcomes.
The Vice President position sits within the 2nd line of defense and reports to the Operational Risk Executive for Global Markets. The role is global in nature and will require excellent communication, negotiation, and partnership skills in order to influence a wide variety of stakeholders.
Other Key Responsibilities Include: Providing independent operational risk oversight and challenge for these lines of businessDeveloping a detailed understanding of the business as well as relevant industry issues, frameworks, and emerging risks for the businessPartnering with senior leaders to enable risk-informed key business and strategy decisions through their understanding and governance of the business (e.g., as a member or attendee of Business Risk Committees and Risk Forums)Executing and overseeing Operational Risk Framework programs (e.g., RCSAs, KRIs, Operational Incident capture and management)Promoting operational risk awareness across the business and acting as an independent, trusted advisor to the business units on risk mattersDeveloping and maintaining close ties with the business to ensure the effective communication of business developments that potentially impact their operational risk profileCollaborating with Business Control Team, Compliance, Legal, Audit, and fellow team members to form a holistic view of business risksProviding proactive, insightful analysis and interpretation of risks to the First Line based on robust knowledge of the business and a deep and broad external market view on current best practiceOverseeing that risks are actively managed in line with risk appetite, overseeing the continued refinement and/or development of appropriate controls and ensuring thorough and timely resolution of issuesSupporting and challenging the First Line using superior influencing and negotiating skills to identify, assess, and control emerging risks prior to material P&L impactDriving execution of remediation plans and regulatory commitments as applicableQualifications: Minimum of eight years of relevant industry experience with a proven track record for achieving operational risk excellenceExperience across Operations, Risk Management, and/or Audit roles which require the management of diverse risk types including operational riskCutting-edge subject matter expertise in operational risk disciplineStrong Leadership Skills: Engages business leaders to identify key control indicators and maintain effective and efficient continuous control monitoring processesStrong analytical and problem-solving skillsNavigates organizational complexity; demonstrates organizational acumenBuilds partnerships across functions and regions; collaborates well with othersNetworks regularly and builds relationships across Risk disciplines and across key stakeholders within the first line of defenseExcellent Communication & Presentation Skills: Ability and confidence to exercise influence over a wide range of individuals at all levels of technical & business leadershipExperienced in using active listening techniques on a consistent basisComfortable with public speaking across various forums and being able to effectively communicate when ideas are being challenged in an open forumLogistics: The role is global, and the incumbent must be proactive and capable of leading discussions with stakeholders and colleagues in different regions and time zonesThe successful candidate will need to be a hands-on, self-starter, and able to manage tasks/timelinesOther: Bachelors/Master's degree in finance, business, accounting or related fieldCertified Internal Auditor (CIA) designation or Certification in Risk Management Assurance (CRMA) preferredSalary Range: $110,000 - $185,000 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.
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