State Street

GM - Business Risk Advisor - Vice President

Recruiter
State Street
Location
Bangalore, India
Salary
Not disclosed
Posted
27 Feb 2024
Closes
27 Mar 2024
Ref
R-745911
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Director

Operations Business Risk Advisor, Vice President

Bangalore (India)

Job description/Who we are looking for:

The Business Risk Advisory (BRA) team acts as a valued partner to the Business in the identification, assessment and mitigation of risk. The BRA coordinates across the business and second and third lines of defense to ensure proper processes and controls are in place to effectively address risk, minimize operational errors, and ensure compliance with corporate policy, regulations, and laws.

The Operations BRA will support State Street Global Markets Operations in overseeing and managing significant operational, regulatory and technology risks. The risks are mostly driven by changes in markets, business models, operating models and regulatory requirements. This role will be responsible for monitoring and overseeing Operations’ compliance with regulatory requirements and risk management practices and ultimately improve the risk profile of Operations. This position will report directly to the APAC GM Business Risk Management Lead and will be focused on business risk management within the Asia Pacific region and India.

Your ability to take initiative, exercise independent thinking , juggle multiple tasks 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.

Why this role is important to us

The team you will be joining is a part of State Street Global Markets (SSGM). 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 the Operations BRA, you will:

  • Understand, analyze, and interpret the evolving industry, market or regulatory changes or practices in the APAC region that have an impact to the business and Operations from a risk perspective and coordinate related implementation efforts in conjunction with Compliance.
  • Identify and escalate high risk observations, including but not limited to any perceived violations of rules, regulations, policies, procedures.
  • Provide strategic and tactical leadership of end-to-end issue management and actions to prevent recurrence. Assist in the remediation of control and process gaps to support an effective control environment.
  • Improve the identification, quality and monitoring of Key Risk Indicators, including timely reporting and processing of incidents in the incidents database, ICAMS.
  • Advise on policies, procedures, business risks and controls.
  • Ensure that corporate compliance, ethics, policies and other standards and requirements for Operations are adopted, monitored, supported within the APAC region.
  • Assist in the preparation and execution of key risk assessments and controls recertification in coordination with BRM programs team.
  • Support assurance activity and key transformation initiatives impacting Operations, and coordinate any resulting remediation efforts as necessary.
  • Act as a valued partner to Operations during Audit event with attendance to audit meetings and support to the Operations team; including but not limited supporting Operations in their responses, encouraging constructive dialogue, ensuring observations are valid and performing secondary review of audit points and proposed management actions.
  • Participate in Business Risk Forums or other related meetings with Operations to drive risk awareness and accountability and act as the BRM representative in India forums.
  • As local manager, maintain a detailed understanding of the scope of the role’s managerial responsibilities and ensure that the team has clear understanding of their reporting lines, scope of responsibilities and objectives.
  • Ensure a collaborative and positive work environment to foster employee engagement.
  • Embed a culture of risk excellence through demonstrated behaviour traits.
  • Reporting and other administrative tasks as needed.

What we value

These skills will help you succeed in this role:

  • Risk Excellence mindset
  • Demonstrated success in strengthening Internal control environment and risk mitigation
  • Organizational collaboration & communication with ability to facilitate and resolve conflicts, ability to make informed, risk optimized decisions under time pressure.
  • Attention to detail and a propensity to drive issues toward resolution

Education & Preferred Qualifications

  • Bachelor’s degree in accounting, finance, management
  • 8-10 years of experience in risk, compliance and/or audit functions within the financial industry.
  • Experience in Operations and/or knowledgeable on Middle and Back office functions and processes
  • Knowledge of industry regulatory requirements and experience with Global Markets businesses
  • Strong interpersonal skills, proven ability to work independently and within a team
  • Excellent communication, writing, data management, organizational, project management and co-ordination skills
  • Strong critical thinking, problem solving, and decision making skills
  • Must be organized, detail oriented, responsive and be able to adapt quickly to a rapidly changing environment

Are you the right candidate? Yes

We honestly 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 do not necessarily need you to fulfill 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.

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

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