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Business Controls, Vice President

State Street Corporation
London, United Kingdom
Closing date
Mar 23, 2023

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Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
State Street's Global Markets (SSGM) has established a Business Control function that is focused on mitigating risk from within the first line of defense by providing oversight of business risks, central management of control programs and risk governance, establishment of reporting, implementation of corporate programs and business solutions related to operational, compliance and technology risks.
The successful candidate will report to the SSGM EMEA Business Risk Executive and liaise on a regular basis with the Global Markets business teams, Compliance, Enterprise Risk Management, and Audit thereby complementing and building on the control and risk infrastructure already in place in Global Markets. Specifically, you will provide regional expertise and leadership to Global Markets and support centrally managed activities including, but not limited to, identification of risks and controls, regulatory change & policy implementation, and management risk reporting.
Your ability to take initiative, exercise independent thinking, juggle multiple tasks, set priorities, and meet aggressive deadlines will be key in this fast-paced environment. Your strong interpersonal and organizational skills, and interest in working in a professional and team-oriented environment, will contribute to your success.
This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us
The team you will be joining is a part of State Street Global Markets. When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.
Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for
As a member of the SSGM EMEA Business Risk Management team, you will:
  • Act as a valued partner to the business in the identification, assessment and mitigation of risk, and cultivate a culture of risk awareness and speak up
  • Support the execution of business line risk management practices including regional risk assessments (LERA), issue and incident management, key risk indicators and control monitoring, risk acceptance, issue and incident reporting
  • Liaise with regional management to provide a consolidated view of legal entity risk through committee representation and legal entity risk metrics to support informed, risk-based decision making
  • Support the timely identification and remediation of incidents and issues
  • Propose changes to the existing structure and operating model to direct manager and/or business unit leadership as appropriate; challenging the status quo, to standardize processes and controls across products and regions and achieve best practices
  • Maintain and continuously develop knowledge of core products, overall process operating model, financial markets and regulatory environment
  • Support of the SMR Framework for GM EMEA
  • Drive conduct and culture initiatives in support of Business Risk Management and GM more broadly
  • Provide input on and support the embedding of new policies and procedures, ensuring EMEA regulatory requirements are accounted for
  • Participate in and/or drive successful execution of business controls initiatives
  • Embed a culture of risk excellence through demonstrated behavior traits

What we value
These skills will help you succeed in this role:
  • Independent strategic thinker with an understanding of regulatory, operational, market, and technology risks in financial services
  • 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.
  • Attention to detail and a propensity to drive issues toward resolution
  • Superior verbal and written communication skills
  • Ability to create a positive work environment through knowledge sharing and collaboration

  • 5-10 years of experience in risk, compliance, and/or audit functions within the financial services industry
  • Knowledgeable about processes, risks and controls/control design for global markets activity
  • Knowledge of industry regulatory requirements and experience with Global Markets businesses

Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
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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