Risk Manager, Middle East & Africa

at  State Street

Who we are looking for
As a Risk Analyst within State Street Global Advisors’ Enterprise Risk Management (ERM) team, you will support program strategy and framework implementation to ensure effective identification, measurement, control and management of SSGA operational risk in Europe Middle East and Africa. In addition the role will support the oversight of the investment and liquidity risks on portfolios managed in the region. The role includes helping support oversight for all asset management activities both locally and 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 help 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 on 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 Global ERM team consists of over 65 risk professionals located in various locations across US, EMEA and APAC. As a combined group, we are responsible for identification, assessment, control and reporting of risk in four 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 EMEA’s business units together with ensuring the region’s ongoing quality of business unit programs, with a focus on operations in the Middle East .
• Provide in-region support to portfolio managers with regards to investment and liquidity risk queries.
• Support the overall investment and liquidity risk programs for portfolios managed in region, ensuring that risk exceedances are understood, escalated and appropriately mitigated.
• Provide education and tools to the 1st line business in region to promote / enable self-assessment, measurement, reporting and management of operational risk. Help in fostering a risk-aware approach to management of the business.
• Provide support in the production of risk management information for relevant bodies (Committees, Boards etc.).
• Collaborate on dashboard and Key Risk Indicator design and reporting and call out heightened or out of appetite risks to all relevant Governance bodies.
• Provide strategic oversight to business line development through identification and communication of emerging risks and themes.
• Support regulatory requirements such as legal entity risk assessments and risk identification workshops for the relevant entities.
• Provide support in the creation and maintenance of Enterprise Risk Management Outsourcing Agreements and SLAs.
• Ensure identification of reported incidents are assessed and tracked and corresponding initiatives are implemented as appropriate.
• Perform Targeted Risk Assessments and ‘Deep Dive’ investigations in to 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; having FRM is ideal.
• Proficiency in Microsoft Excel, PowerPoint and Word;
• Prior experience in an enterprise risk management team would be an asset,
• Willingness to use technology and systems to improve the risk monitoring process.

Additional requirements

• 2 to 5 years of relevant experience in a financial services organization with demonstrable knowledge of risk processes and control design, assessment and leading practices within the industry.
• Passion for complex problem solving and skill in strategies to drive engagement and visibility.
• Able to adept at operating in dynamic environments, with ability to influence management and building relationship skills.
• Excellent analytical, social and communication skills combined with ability to work independently with 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.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/career

• Support the overall operational risk program and framework of SSGA EMEA’s business units together with ensuring the region’s ongoing quality of business unit programs, with a focus on operations in the Middle East .
• Provide in-region support to portfolio managers with regards to investment and liquidity risk queries.
• Support the overall investment and liquidity risk programs for portfolios managed in region, ensuring that risk exceedances are understood, escalated and appropriately mitigated.
• Provide education and tools to the 1st line business in region to promote / enable self-assessment, measurement, reporting and management of operational risk. Help in fostering a risk-aware approach to management of the business.
• Provide support in the production of risk management information for relevant bodies (Committees, Boards etc.).
• Collaborate on dashboard and Key Risk Indicator design and reporting and call out heightened or out of appetite risks to all relevant Governance bodies.
• Provide strategic oversight to business line development through identification and communication of emerging risks and themes.
• Support regulatory requirements such as legal entity risk assessments and risk identification workshops for the relevant entities.
• Provide support in the creation and maintenance of Enterprise Risk Management Outsourcing Agreements and SLAs.
• Ensure identification of reported incidents are assessed and tracked and corresponding initiatives are implemented as appropriate.
• Perform Targeted Risk Assessments and ‘Deep Dive’ investigations in to 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