State Street

Business Risk Management - Officer

State Street
Hyderabad, India
Not disclosed
09 Feb 2024
09 Mar 2024
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

Who we are looking for

Looking for a control assurance testing professional to support the Global Delivery Business Risk Management Monitoring and Testing team in executing client specific control design assessments and operating effectiveness reviews.

Why this role is important to us

The Global Delivery Business Risk Management Monitoring and Testing team is a part of the first line of defense and is a fundamental part of our Risk and Control Ecosystem. Assurance testing is essential in managements identification, assessment and management of risks associated with its business.

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

What you will be responsible for

As an Officer you will:

  • Perform control design and operating effectiveness reviews in line with the State Street Framework, including documentation of RCMs and results of control design and effectiveness testing.
  • Perform walkthroughs with business unit management and subject matter experts to identify areas of risk and control weaknesses and opportunities for improving the risk environment.
  • Evaluation of the control design and operating effectiveness of the end to end process to ensure operational and compliance risks are appropriately mitigated, and regulatory obligations are met.
  • Liaising and collaborating with Business and Risk teams to oversee and manage monitoring and testing programs in accordance with State Street requirements
  • Ability to manage staff in a matrix environment and oversee employee development, concerns, and time management.

What we value

These skills will help you succeed in this role:

  • Good understanding of financial services and investment products
  • Excellent written and verbal communication skills
  • Problem solving & analytical skills
  • Ability to work on MS Office (Excel, Word and PPT)
  • Understanding of operations in the financial services industry

Education & Preferred Qualifications

  • Graduate degree in business, accounting, risk management or equivalent experience preferred
  • 8 to 9 years of experience in control assurance testing and risk management

Additional requirements

  • Knowledge of the Archer GRS solutions platform is preferable.

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.

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

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