Business / Operational Audit, AVP

State Street
London, UK
Not disclosed
19 Aug 2022
31 Aug 2022
Approved employers
Approved employer
Contract type
Full time
Experience level

Who we are looking for

Are you a talented professional looking for a challenging and fulfilling opportunity to grow along with a global industry leader? Are you interested in identifying and helping to mitigate complex application and infrastructure risks? Are you passionate about using your technical knowledge to navigate complex business, operational and technology challenges? If so, then we may have the solution for you.

An Audit Manager must display a high degree of professionalism and leadership and possess proficient organizational, analytical and project management skills. The audit manager must be able to manage complexity, to multi-task and work independently in non-routine situations.

Why this role is important to us

As a member of State Street Corporation’s Audit Division, you will be part of a team where collaboration is encouraged, excellence is rewarded, and diversity is valued. We offer flexible schedules, continuous training, global exposure and multiple opportunities for personal and professional growth. Our team of 300 professionals is responsible for providing independent, objective assurance and advisory services designed to add value, minimize risk and improve the overall control environment of State Street Corporation and its subsidiaries. Our auditors interact and communicate regularly with executive management and have tremendous insight into all parts of the company’s daily operations.

Join us if making your mark in the financial services industry from day one is a challenge you are up for

Your new role

As an Audit Manager you will be responsible for successfully planning, executing and completing audits according to a risk-based approach, recommending internal control improvements that may include operational enhancements or efficiencies, and preparing audit reports. You will facilitate effective communication and coordination with business management at all levels and must have excellent written, verbal, interpersonal and presentation skills.

You will develop a thorough understanding and knowledge base of the company’s operations, establish effective business relationships within the company and assist management in the understanding and adaptation of internal control principles.

The audit manager will have strong team leadership skills which include creating an environment of trust, soliciting diverse views from team members and coaching and developing staff through timely meaningful feedback.

As an Audit Manager in the Institutional Services and Global Delivery area, you will

  • Plan and manage teams of audit professionals and contracted resources in executing all phases and key milestones of an assigned audit/review
  • Manage on-site project teams in documenting audit activities in accordance with professional standards and ensuring documentation meets high quality standards
  • Supervise and direct the execution of risk and control assessments
  • Supervise effective and efficient testing of key controls
  • Review documentation of audit work and conclusion of audit tests results and overall effectiveness of controls
  • Draft audit reports in accordance with Division standards to clearly communicate key risks and core audit issues
  • Work in partnership with business area management to communicate expectations and manage any project issues that may arise throughout the audit
  • Escalate audit issues to senior management and interact with business line and senior managers to develop and negotiate solutions
  • Develop and maintain a thorough understanding of audits and assigned functions, including utilization of technology, products, organizational activities, and systems
  • Provide ongoing counsel, training, development and motivation to staff
  • Prepare and deliver assignment and periodic constructive feedback to assigned team members through performance evaluations in-line with Division standards
  • Assist with audit planning and risk assessments
  • Make effective recommendations to hire, discipline, control work, determine promotions, salary increases, bonuses and terminate employment
  • Ensure self and team anticipates, monitors, actively manages and reports all risk and compliance issues, breaches and suspicious activities
  • Act in accordance with Risk Excellence and role model Ethical behaviour and decision making as part of our Way Ahead foundation

What we value

These skills will help you succeed in this role

  • Experience of auditing areas including Fund Accounting, Fund Administration and/or Depository functions.
  • Strong auditing skills, and a good knowledge of the key regulations and current regulatory developments relevant to State Street’s businesses
  • Ability to manage complexity, to effectively prioritize multiple tasks and work independently in an international team across multiple locations with global stakeholders in new and changing situations as well as being able support the overall team
  • A range of personal attributes, including being collaborative, determined, energetic, inquisitive, intelligent and articulate;
  • Strong communication skills, both verbal and written in order to effectively communicate with senior leaders within business divisions
  • Fluency in English – written and spoken

Education & Preferred Qualifications

  • Internal Audit and relevant experience in financial services industry (5+ years) as a minimum
  • Degree-level education and a relevant professional qualification with post-qualified experience.
  • An understanding of key regulations impacting such company as State Street

What We Offer

  • Employee savings plan
  • Premium life insurance package
  • VIP medical package
  • Multisport card
  • Additional holiday days
  • Language classes
  • Soft skills trainings
  • Technical workshops
  • Development sessions with a mentor
  • Diversity of opportunities across a range of challenging and highly complex activities
  • Technical or leadership career pathway

For further information, and to apply, please visit our website via the “Apply” button below.

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