Operational Risk Analyst, Assistant Vice President, Hybrid

at  State Street

Who we are looking for
An experienced risk professional, who has worked within the Financial Services or Investment Management industry who can support the overall implementation of State Street’s Risk Management framework, in accordance with regulatory expectations and Enterprise Risk Management policies and guidelines. The candidate is responsible for the Second Line Risk oversight across State Street’s investment services risk landscape.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like ours to help support and provide direction to employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Key Responsibilities

• Provide support to Head of UK Operational Risk in relation to oversight and support of investment services business in UK, specifically Global Delivery and Investor Services, ensuring adherence with State Street’s risk management policies, procedures and guidelines. Includes review of new product and client deal proposals.
• Facilitates and collaborates with ERM and other colleagues to assist with implementation and ongoing development of a sound risk management framework and support of a UK governance program.
• Support the identification, measurement and control of business risks through utilization of relevant risk management tools (NBPRA, KRI, Loss and Data Incident reporting).
• Support communication of trends, insights, emerging risks, key issues and reporting to relevant risk forums/committees and across the three lines of defence.
• Assist with the execution and oversight of Operational Risk Programs (e.g. RCSA, TRA, KRI’s, operational incident capture and management).
• Analyze risks and recommend appropriate internal control improvements.
• Review and assess operational losses as reported, including root causes and trends.

Skills

• Excellent written and verbal communication skills, with the ability to network and converse confidently with stakeholders;
• Ability to multi-task and operate in a fast-paced, deadline-oriented environment;
• Strong organizational and time management skills, ability to work independently, and prioritize including when under pressure.
• Must be self-motivated, adaptable and demonstrate initiative in challenging circumstances
• Proven ability to identify problems and work to successful resolution
• Possess a strong customer centric mindset
• Demonstrate a willingness to support change and initiatives within risk management framework
• High ethical standards

Qualifications and experience

• Bachelor’s degree or equivalent.
• 5+ years experience within and sound knowledge of investment servicing industry and activities and related risks.
• Minimum 2 years operational risk management experience
• Proven interpersonal and communication skills.
• Strong, organization and project management skills.
• Demonstrated analytical and problem-solving skills.
• Strong computer skills with working knowledge of Microsoft Office products, including Word, PowerPoint and Excel
• Team player.
• Ability to develop and maintain strong business relationships within the business area and across the corporation

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.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
State Street’s Speak Up Lin

• Provide support to Head of UK Operational Risk in relation to oversight and support of investment services business in UK, specifically Global Delivery and Investor Services, ensuring adherence with State Street’s risk management policies, procedures and guidelines. Includes review of new product and client deal proposals.
• Facilitates and collaborates with ERM and other colleagues to assist with implementation and ongoing development of a sound risk management framework and support of a UK governance program.
• Support the identification, measurement and control of business risks through utilization of relevant risk management tools (NBPRA, KRI, Loss and Data Incident reporting).
• Support communication of trends, insights, emerging risks, key issues and reporting to relevant risk forums/committees and across the three lines of defence.
• Assist with the execution and oversight of Operational Risk Programs (e.g. RCSA, TRA, KRI’s, operational incident capture and management).
• Analyze risks and recommend appropriate internal control improvements.
• Review and assess operational losses as reported, including root causes and trends