Business Risk Manager Australia, Assistant Vice President

State Street Corporation
Sydney, Australia
Aug 12, 2022
Sep 03, 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
As a team member of the first line Business & Entity Support team located in Sydney, the Business Risk Manager - Australia, will be instrumental in supporting the facilitation of first line business risk management to ensure compliance with regulatory obligations and risk management objectives and represent business risk management for the legal entities and related business units in Australia.

Why this role is important to us
You will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship - for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer - across all of our locations, products, and capabilities.

Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.

What you will be responsible for
As the Business Risk Manager ("BRM") for Australia, you will be responsible for and support:

Business Risk Management
  • All functions, tasks and initiatives within the BRM scope for the Investment Services/Global Delivery (IS/GD) business and risk units for Australia including any implementation, governance program, risk assessment or reporting activities in relation to regulatory or BRM activities and initiatives.
  • Act as control reviewer for incidents in the incident capture management system. Provide advisory and guidance support for both issues and incidents, assist with incident wording, risk mapping, root cause analysis, development of remediation plans.
  • Understand and review the control framework associated with the business units, processes and legal entities to support the effective first line risk management oversight of the business units.
  • Completion of Business Impact Assessments (BIA's) for changes in local regulations in relation to legal entity and IS/GD business units.
  • Manage and analyse reporting for issues, incidents, regulatory change management for Legal Entity management and/or risk committees.
  • Review policy and procedure documents as directed for implementation at the legal entity level and assist and support implementation of policies and procedures as directed by regional business risk management.
  • Manage the conflicts of interest program and perform the role of Conflict Manager for relevant business units and the legal entity.

Legal Entity Governance
  • Coordinate, action and oversee relevant Legal Entity governance programs and activities to support regulatory compliance, change and reporting for all the Australian legal entities.
  • Facilitate and provide assistance for the legal entity and business units during Corporate Audits and other internal testing or queries related to the functional tasks of the role.
  • Work with the team to understand, support and manage all components of business, compliance and operational risk and the regulatory obligations in relation legal entity governance.

Anti-Money Laundering (AML) Country Lead for IS/GD Business Unit
  • Understanding of the AML/KYC framework to support the control process of AML.
  • Responsibility to ensure that Business units within the IS/GD legal entity complete AML related tasks and meet all AML program requirements including oversight of AML reconciliations performed by Business Units.
  • Responsible to support organizational reviews relating to local AML procedures.

What we value
These skills will help you succeed in this role
  • Demonstrated knowledge and experience in financial services and the regulatory obligations, control environments and operational processes associated with financial services in Australia.
  • Preferred knowledge and experience in risk management.
  • Shows initiative and drives innovation and has the ability to highlight and effect change management across organizational functions.
  • Strong interpersonal, presentation and communications skills with excellent written communication skills.
  • Demonstrates effective time management skills with an ability to work within deadlines.
  • Ability to work effectively with all levels of management and collaboratively across multiple business.

Education & Preferred Qualifications
  • Degree holder with experience in financial services preferred or if non degree holder, strong proven experience in this field.

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.
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