State Street Trustees Limited Outsourcing Oversight and Governance, Assista

at  State Street

Who we are looking for
The UK-based Outsourcing Oversight and Governance Manager (Edinburgh or London based) will provide subject matter expertise on Outsourcing risk on behalf of SSTL internally and in engagement globally with other parts of State Street as required. The successful candidate will demonstrate a good understanding of the regulatory regime governing Outsourcing and, ideally, some practical experience in this area. Experience and/or knowledge of the theory and execution of risk, control and governance matters is also preferred. Enthusiasm to embrace the dual aspects of technical specialism and general governance responsibilities offered by this role will be key. Confidence to engage and communicate with all levels of the organization coupled with excellent written and oral skills are a must.
Why this role is important to us
As one of the largest providers of Trustee and Depositary services in the UK, State Street Trustees Limited (SSTL) is a subsidiary of State Street Corporation acting as Depositary for approximately 458 UCITS and AIFMD funds across 40 clients with total asset values of GBP 362bn. SSTL currently services 182 AIFs (AUM GBP 101bn), which includes investment
trusts. With nine Depositaries across Europe, Depositary is an integral product for State Street in EMEA.
SSTL Board requires the appointment of an Outsourcing Oversight Manager (OOM) to assume responsibility for managing all aspects of Outsourcing risk for the SSTL legal entity. Since we are bound by various regulatory and policy requirements relating to Outsourcing, SSTL’s Outsourcing Oversight Manager (OOM) is a crucial AVP level role responsible for ensuring that an appropriate Outsourcing oversight framework is developed, implemented, maintained and reported upon. This role sits within SSTL’s Governance team and in addition to Outsourcing responsibilities, the role holder will also provide direct support to the Head of Governance across the wider risk, control and governance framework. The diversity in this role provides the role holder the opportunity to develop a specialist risk skillset whilst also gaining exposure to a broader first line of defence operational and technology risk environment.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for

As SSTL Outsourcing and Governance Manager your responsibilities will include:

• Leading SSTL in all regulatory, risk, policy, governance and control activities relating to Outsourcing. Additionally, you will participate in Outsourcing related activity across regions globally, particularly during change.
• Chairing the SSTL Outsourcing Governance Forum and driving all activities associated with that Forum.
• Ensuring that external and internal Outsourcing regulatory and policy requirements are identified and, respond to those by implementing and maintaining a compliant framework on an ongoing basis.
• Ensuring the integrity of SSTL’s Outsourcing Inventory and responsible for associated attestations at EMEA level.
• Overseeing the individual SSTL Engagement Managers in the performance of their outsourcing responsibilities.
• Ensuring that the Outsourcing repository (ARCHER X) is adequately maintained.
• Designing and producing appropriate Outsourcing reporting to SSTL Management, SSTL Board and internal regional governance committees as required.
• Performing the role of Engagement Manager for selected SSTL Outsourced services, as required.
• Developing and delivering Outsourcing specific training and communications to Engagement Managers and other SSTL staff as required.
• Identifying and implementing Third Party Risk Management (TPRM) requirements to support SSTL’s compliance.
• Deputising for SSTL Head of Governance as required.
• Ensuring that SSTL’s Policy assessment framework is maintained, and policy reviews are performed in a timely manner.
• Undertaking any other risk, control or governance activities as required to support the effectiveness of SSTL’s operational risk governance model.

What we value

These skills will help you succeed in this role

• Tenacious and inquisitive.
• Preference for action, proactive.
• Ability to prioritise multiple requests effectively.
• Excellent written and oral communication skills.
• Works with minimum supervision.
• Analytical mindset.
• Critical thinking skills, an ability to think holistically.
• Excellent attention to detail.
• Ability to engage and influence across a number of levels.

Education & Preferred Qualifications

• 5 years+ financial services knowledge/experience.
• Good working knowledge of Operational and/or Regulatory Risk and Controls methodology.
• Ideally, previous experience of outsourcing programs, and/or FCA SYSC 10 regulations.

Additional requirements
Hybrid working – 2 days in office minimum.
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

As SSTL Outsourcing and Governance Manager your responsibilities will include:

• Leading SSTL in all regulatory, risk, policy, governance and control activities relating to Outsourcing. Additionally, you will participate in Outsourcing related activity across regions globally, particularly during change.
• Chairing the SSTL Outsourcing Governance Forum and driving all activities associated with that Forum.
• Ensuring that external and internal Outsourcing regulatory and policy requirements are identified and, respond to those by implementing and maintaining a compliant framework on an ongoing basis.
• Ensuring the integrity of SSTL’s Outsourcing Inventory and responsible for associated attestations at EMEA level.
• Overseeing the individual SSTL Engagement Managers in the performance of their outsourcing responsibilities.
• Ensuring that the Outsourcing repository (ARCHER X) is adequately maintained.
• Designing and producing appropriate Outsourcing reporting to SSTL Management, SSTL Board and internal regional governance committees as required.
• Performing the role of Engagement Manager for selected SSTL Outsourced services, as required.
• Developing and delivering Outsourcing specific training and communications to Engagement Managers and other SSTL staff as required.
• Identifying and implementing Third Party Risk Management (TPRM) requirements to support SSTL’s compliance.
• Deputising for SSTL Head of Governance as required.
• Ensuring that SSTL’s Policy assessment framework is maintained, and policy reviews are performed in a timely manner.
• Undertaking any other risk, control or governance activities as required to support the effectiveness of SSTL’s operational risk governance model

These skills will help you succeed in this role

• Tenacious and inquisitive.
• Preference for action, proactive.
• Ability to prioritise multiple requests effectively.
• Excellent written and oral communication skills.
• Works with minimum supervision.
• Analytical mindset.
• Critical thinking skills, an ability to think holistically.
• Excellent attention to detail.
• Ability to engage and influence across a number of levels