Business Controls Executive MD Boston, Massachusetts/en-US/Global/job/Boston-Massachusetts/Business-Controls-Executive-MD_R-625274/apply
Business Controls/Risk Manager - Managing Director
As part of the Office of the COO organization and its associated business units, State Streets COO Office is responsible for developing and maintaining the governance and oversight activities surrounding regulatory and other initiatives that are identified for the business units within the Chief Operating Officers environment across the organization.
This position within the team will be based in Boston and will have principal responsibility for the risk remediation, governance and controls related to regulatory based initiatives and projects as designated by the COO.
Candidates will be experienced in sound risk management and governance practices within the Banking, Technology, and/or Financial Services industry. They will partner across stakeholder groups to enhance risk, control and operational management capabilities, improve the efficacy of the control environment and better respond to regulatory guidance/mandates through the implementation of uniform governance and risk management practices.
Principal responsibilities include:
Support efforts to successfully deliver on business/first line of defense (FLOD) risk and control initiatives in accordance with relevant policies and frameworks through close collaboration within the business lines of the Chief Operating Officers organization and other regionally based partners where the COO Office conducts business.
Implement and execute on a robust, industry-standard risk management framework for the activities in the location, in alignment with the methodology and practices employed globally by GDBC.
Liaise with the First Line of Defense (FLOD) as well as Second and Third lines to adopt and implement both compliance and operational and other risk -related controls into critical functions and processes related to the designated initiatives. Coordinate on the implementation of, and adherence to, policies, procedures and guidelines defined and administered by GDBC and associated partner groups (Business Controls Advisory group, Second Line of Defense Compliance and Enterprise Risk Management).
Develop and maintain a strategic roadmap for the assessment, control and enforcement of risk and control standards across the region, in coordination with the same for the Global Delivery organization.
Partner with other relevant corporate functions to ensure effectiveness of controls and transparency of activities, project-related plans, and expectations management. Ensure that a structure is in place which incorporates management metrics that will identity risk themes and allow and provide for informed decisions.
Implement processes to ensure appropriate analysis of incidents and issues, including root cause and trend analysis.
Actively liaise/coordinate with BUs, ERM, Compliance, Legal, Internal Audit, and Business Controls regarding risk management practices, oversight and reporting Develop and implement testing methodology for activities in the location to ensure effectiveness Continuously assess and propose opportunities to enhance risk management processes and controls improvement, and provide guidance to business on design and application of key controls, procedures and best practices.
Advise the business locally on the implications of regulatory change.
Ensure appropriate training curriculum for risk and other topics is in place for staff
Manage staff for execution, career development, delegation and effective monitoring of activities assigned.
Skills and Experience:
12 15 years experience in the financial services industry.
Fund Accounting experience strongly preferred. Fund Administration and Financial Reporting experience a plus.
Independent, strategic thinker with an understanding of Regulatory, Market, Operational and Liquidity Risk within banking and/or financial services.
Financial Services operations experience, and preferably within an associated audit or risk management discipline, with operational process management and/or design experience.
Excellent leadership skills with the ability to develop strategy, and coordinate with global organizations.
Ability to operate strategically and with a global mindset, and establish a long term vision and the steps/timelines needed to achieve that vision.
Strong organizational awareness with ability to facilitate and resolve conflicts; ability to make informed, risk optimized decisions under time pressure.
Demonstrated success as a change agent that possesses both superior relationship management and communications/influencing skills across all levels of a global and complex organization; ability to execute on goals and objectives under challenging circumstances.
Strict attention to detail is required; the successful candidate will demonstrate an aptitude for detailed analysis, trend identification and a propensity to drive issues toward resolution.
Keen awareness and appreciation for teamwork and collaboration; this role will require the candidate to be adept/effective at interpersonal interactions in order to introduce and influence change within the organization.
Superior verbal and written communication skills; it is vital that the candidate possess the ability to articulate complex thoughts in a cogent, linear and method-driven manner and to assimilate information for senior executives concisely and appropriately for the situation at hand.
Controls writing and testing experience, preferred but not required.
Education: Bachelors degree or equivalent in Business, Finance or related fields; MBA a plus
Posted YesterdayFull timeR-625274
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Internal Number: 6499622
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