State Street
Financial Services
CustodyandSharedServicesRiskManager,VicePresident
Neural analysis suggests this role is
optimal for Mid candidates.
“Custody and Shared Services Risk Manager, Vice President at State Street. Skills: risk management, governance frameworks, stakeholder management, executive reporting. enforcing consistent risk management standards across the Custody and Shared Services organization. creating and overseeing a consistent risk management governance framework”
What You'll Achieve.
consistent risk measurement and reporting; timely closure of audit findings or deficiencies; timely disclosure and effective remediation; remain on track with continuity plans throughout the year; continuously improve our overall risk profile
Industry & Context.
Manage escalations as necessary to help business units resolve challenges
What They're Looking For.
Must Have
10 + years' experience in operational risk management for large financial institutions, Fluent in English – oral and written
Nice to Have
Advanced degree(s) in business or a related field
What You'll Do.
enforcing consistent risk management standards across the Custody and Shared Services organization
creating and overseeing a consistent risk management governance framework
creation of division-wide executive management reporting
establishment of division-wide risk management targets
management of a series of forums to enable alignment and accountability
Manage division-wide risk scorecard process
Oversee Risk Control Self-Assessment (RCSA) sessions
coordinate team training
ensure alignment with Business Risk Management and second line of defense requirements
Ensure fund transfer compliance
policy implementation
timely closure of audit findings or deficiencies
Drive incident and issue management
timely disclosure and effective remediation
Engage with Enterprise Resiliency partners to remain on track with continuity plans
and Audit teams to ensure organizational alignment
Create new governance or reporting as necessary
Serve as coordinator to manage and close any division wide findings
Manage escalations as necessary to help business units resolve challenges
Hold Custody and Shared Service teams to a high standard to continuously improve our overall risk profile
How You'll Work.
Team & Collaboration
Build relationships with global business leaders and risk stakeholders; Proven ability drive outcomes with stakeholders outside of your reporting line; Collaborate effectively across compliance, audit, and business risk functions; Partner with Risk, Compliance, and Audit teams to ensure organizational alignment; represent division in risk forums as delegate
Communication Scope
executive reporting; Excellent presentation, communication, and collaboration skills; Communicate risk expectations and requirements clearly to all teams
Process & Methodology
implementing governance plans, Drive operational excellence and continuous process improvement initiatives
Full Job Description
**Who we are looking for** A Custody and Shared Services Risk Manager, Vice President, for State Street’s custody business who will be responsible for enforcing consistent risk management standards across the Custody and Shared Services organization. The Custody and Shared Services division is comprised of many different functions and risk units. They are: Transaction Services, Third Party Lending, Global Settlements, Banking & Payments, Investible Cash, Custody Management Services, Corporate Actions, Global Claims, Income, Tax, Reconciliations, Derivatives, Loans, ETFs and Data Operations. The Custody & Shared Services Risk Manager is responsible for creating and overseeing a consistent risk management governance framework for each of the functions and risk units to adhere to. In addition, this role will require the creation of division-wide executive management reporting, the establishment of division-wide risk management targets, and the management of a series of forums to enable strong alignment and accountability with global functional leads or their delegates. This role requires experience with risk management, implementing governance plans, executive reporting, and cross-functional stakeholder management. This person will require the ability to influence others outside of their direct reporting line. **Why this role is important to us** This role will play an important part in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk and to protect their assets. To make that happen, we need teams like this one to keep a watchful eye on our risks at a macro level and evaluate how we are mitigating those risks on a daily basis. This role will help us build resilience and help us manage our overall control environment tightly. **What you will be responsible for** As Custody and Shared Services Risk Manager, Vice President, you will: * Manage division-wide risk scorecard process with support from functi
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