State Street
Enterprise Risk Management Audit, Assistant Vice President
State Street, Boston, Massachusetts, us, 02298
Who we are looking for
We are looking for an Enterprise Risk Management Audit, Assistant Vice President to lead audit engagements focused on Comprehensive Capital Analysis and Review (CCAR) and Financial Risk areas. Enterprise Risk Management provides independent risk oversight over State Street’s business activities. The Financial Risks include Market, Credit (including Trading Credit) and Liquidity. In this role, under the direction of senior audit management, you will oversee individual audit engagement and lead assigned teams through all aspects of the audit (i.e., planning, assessments, testing and reporting). You will also play a critical role in the ongoing development of audit staff and support various departmental initiatives. This role is based out of Boston, Massachusetts.
Due to the onsite role requirements this job needs to be performed primarily in the office with some flex work opportunities available.
What you will be responsible for
As an Enterprise Risk Management Audit, Assistant Vice President you will:
Plan, oversee and execute audits according to the Division’s risk-based audit methodology, other internal standards and industry practices.
Supervise and direct the execution of risk and control assessments, along with the effective and efficient testing of key controls.
Review audit workpapers to ensure execution in line with internal standards and that conclusions are properly supported.
Draft audit reports that clearly communicate overall conclusion, including: key risks, identified issues and their root cause, and impact on overall business strategy.
Work in partnership with business area management to communicate expectations and manage any project issues that may arise during the audit engagement.
Escalate potential and identified issues to senior management timely and work with business management to develop and negotiate solutions.
Develop and maintain a thorough understanding of assigned areas of responsibility, including key technology, products, organizational activities, regulatory environment and global footprint.
Establish and maintain strong and effective client relationships with business management across the lines of defense and assist management in understanding and implementing / maintaining internal control principles.
Contribute to change initiatives through active participation in working groups and adoption of practices in day-to-day responsibilities.
Coach and mentor audit staff as part of their ongoing development.
What we value
These skills will help you succeed in this role:
A high degree of professionalism with proven history of providing effective leadership to diverse teams.
The ability to manage complexity, effectively prioritize multiple tasks and work independently in non-routine situations and in a fast-paced environment.
Knowledge and understanding of financial risks particularly Liquidity, Market and Credit risks.
Excellent analytical, problem resolving, communication (written and verbal), interpersonal, organizational and presentation skills.
Demonstrated ability to synthesize understanding of business processes into value added feedback on risk and control environment.
Proven ability to research, interpret and apply regulatory requirements.
Fluency in English – Written and spoken.
Education & Preferred Qualifications
5+ years of experience in CCAR or Market/Credit/Liquidity risks in the first or second line.
Public Accounting, Internal Auditing.
Bachelor’s degree, preferable in finance, accounting or related field.
Advanced degree or certification (CFA, FRM, CPA) preferred.
Experience executing or auditing CCAR or Financial Risks.
Experience in auditing information technology general controls.
Additional requirements
While majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates.
About State Street
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.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers.
Salary Range:
$80,000 - $132,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
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We are looking for an Enterprise Risk Management Audit, Assistant Vice President to lead audit engagements focused on Comprehensive Capital Analysis and Review (CCAR) and Financial Risk areas. Enterprise Risk Management provides independent risk oversight over State Street’s business activities. The Financial Risks include Market, Credit (including Trading Credit) and Liquidity. In this role, under the direction of senior audit management, you will oversee individual audit engagement and lead assigned teams through all aspects of the audit (i.e., planning, assessments, testing and reporting). You will also play a critical role in the ongoing development of audit staff and support various departmental initiatives. This role is based out of Boston, Massachusetts.
Due to the onsite role requirements this job needs to be performed primarily in the office with some flex work opportunities available.
What you will be responsible for
As an Enterprise Risk Management Audit, Assistant Vice President you will:
Plan, oversee and execute audits according to the Division’s risk-based audit methodology, other internal standards and industry practices.
Supervise and direct the execution of risk and control assessments, along with the effective and efficient testing of key controls.
Review audit workpapers to ensure execution in line with internal standards and that conclusions are properly supported.
Draft audit reports that clearly communicate overall conclusion, including: key risks, identified issues and their root cause, and impact on overall business strategy.
Work in partnership with business area management to communicate expectations and manage any project issues that may arise during the audit engagement.
Escalate potential and identified issues to senior management timely and work with business management to develop and negotiate solutions.
Develop and maintain a thorough understanding of assigned areas of responsibility, including key technology, products, organizational activities, regulatory environment and global footprint.
Establish and maintain strong and effective client relationships with business management across the lines of defense and assist management in understanding and implementing / maintaining internal control principles.
Contribute to change initiatives through active participation in working groups and adoption of practices in day-to-day responsibilities.
Coach and mentor audit staff as part of their ongoing development.
What we value
These skills will help you succeed in this role:
A high degree of professionalism with proven history of providing effective leadership to diverse teams.
The ability to manage complexity, effectively prioritize multiple tasks and work independently in non-routine situations and in a fast-paced environment.
Knowledge and understanding of financial risks particularly Liquidity, Market and Credit risks.
Excellent analytical, problem resolving, communication (written and verbal), interpersonal, organizational and presentation skills.
Demonstrated ability to synthesize understanding of business processes into value added feedback on risk and control environment.
Proven ability to research, interpret and apply regulatory requirements.
Fluency in English – Written and spoken.
Education & Preferred Qualifications
5+ years of experience in CCAR or Market/Credit/Liquidity risks in the first or second line.
Public Accounting, Internal Auditing.
Bachelor’s degree, preferable in finance, accounting or related field.
Advanced degree or certification (CFA, FRM, CPA) preferred.
Experience executing or auditing CCAR or Financial Risks.
Experience in auditing information technology general controls.
Additional requirements
While majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates.
About State Street
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.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers.
Salary Range:
$80,000 - $132,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
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