Assistant Vice President - Billing Risk Management

State Street.
Bangalore, India
Not disclosed
04 Aug 2022
24 Aug 2022
Contract type
Full time
Experience level

Risk Manager (AVP)

Basic Purpose of Job:

Global Billing Risk management is a newly established function which will be focused on developing, implementing and managing the Billing risk management in order to mitigate risk within the Global Billing function. The team’s scope of responsibility includes helping the Global Billing Operations team adhere to regulatory requirements, design controls and assess the gap and remediation plans, report issues and incidents and follow-up on the remediation plan. This is an opportunity to join a new function and actively participate in its development and maturity, to gain an understanding of Global Billing processes and learn about implementing a control environment.

Principal Responsibilities:

  • Partner with Finance Global Billing Organization and Business Unit Management to:
    • Assess the design of billing controls after system, process and/or org model changes
    • Understand and report State Street’s billing risk exposure holistically
  • Provide direction and leadership in the end to end incidents and issues management processes for billing:
    • Serve as reviewer of incidents and issues
    • Liaise with stakeholders to drive sustainable remediation of issues
    • Carry out monitoring activities around incidents and issues
  • Perform incident and issue analytic processes with a focus on understanding root cause and impacted controls/control gaps. This may require facilitating meetings between GBO leads and the BU
  • Re-enforce an inherent culture of accountability and ownership for implementation and execution of controls across all levels and functions within the organization
  • Lead and/or actively participate in the resolution of systemic risk issues
  • Build strong relationships with other teams including Global Billing Organization’s Management Team, State Street Business Units, and the Finance Business Controls Team
  • Formally report the results of your work to VP whilst supporting the Global Head of Risk Management and other global Billing Risk Managers.
  • Develop expertise in Billing related controls, best practices and expectations
  • May be asked to participate in other activities within the team to support overall global billing risk management objectives and goals.

Preferred Experience:

  • Master’s degree or equivalent required in accounting, finance, economics or a related field
  • 12+ years of related experience (Internal Audit, Compliance, Operational Risk or Big 4 experience)
  • Knowledgeable about processes, risks and controls design
  • Knowledge of financial services industry, finance and billing processes preferred
  • Strong proficiency in Microsoft Office suite (Excel, PowerPoint, Word, Visio)
  • Strong written communication skills
  • Strong verbal communication, influencing and collaboration skills
  • Strong critical thinking and problem-solving skills
  • Demonstrated ability to build strong professional relationships
  • Self-motivated professional with the ability to work under pressure to meet deadlines and goals
For further information, and to apply, please visit our website via the “Apply” button below.

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