State Street Corporation
Head of Audit Methodology, Vice President
State Street Corporation, Jersey City, NJ
Who we are looking for
As a direct report to the Head of Corporate Audit (CA) Practices, the Head of Audit Methodology will support the Head of CA Practices in maintaining the Department Methodology in accordance with the IIA's International Standards for Professional Practice of Internal Auditing and applicable regulatory guidance. In this role you can be based out of Boston, New Jersey, or Toronto.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, you will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As the Head of Audit Methodology, Vice President you will:
What we value
These skills will help you succeed in this role
Education & Preferred Qualifications
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.
Are you the right candidate? Yes!
We truly 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 don't necessarily need you to fulfil 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.
Discover more at StateStreet.com/careers
Salary Range:
$110,000 - $185,000 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.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
State Street's Speak Up Line
As a direct report to the Head of Corporate Audit (CA) Practices, the Head of Audit Methodology will support the Head of CA Practices in maintaining the Department Methodology in accordance with the IIA's International Standards for Professional Practice of Internal Auditing and applicable regulatory guidance. In this role you can be based out of Boston, New Jersey, or Toronto.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, you will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As the Head of Audit Methodology, Vice President you will:
- Maintain / update the CA audit methodology and associated governance documents, procedures and templates, including maintenance of applicable areas of Audit Central and other tools
- Develop and facilitate training courses to communicate new or revised audit methodology concepts, tools and techniques to the department
- Serve as the department's audit methodology subject matter expert, including consulting with and advising audit teams in unique or complex situations
- Stay up to date with audit practices in the industry, trends, and impactful events in order to make methodology enhancement recommendations
- Monitor and analyze new or revised IIA standards, guidance and publications; make recommendations and lead the implementation of any action plans
- Perform gap assessments against new or revised internal audit-related requirements and guidance from US and non-US regulators, make recommendations to mitigate any gaps, and lead the implementation of any action plans
- Collaborate with first and second line assurance teams to share best practices, understand assurance activities performed across the organization and align on risk and control processes, where feasible
- Represent Methodology as part of the M7 Working Group, providing requirements to make sure M7 system functionality incorporates and aligns to audit methodology needs
- Lead department Methodology Steward program, coordinating activities and deliverables of the group, including New Hire Corporate Audit Methodology Workshops
- Coordinate with Department Quality Assurance function for awareness of QA themes and trends, incorporating updates into methodology to promote consistent quality and conformance with IIA standards
What we value
These skills will help you succeed in this role
- Effective communication skills, with an energetic, charismatic and approachable style. Candidates must have effective influencing skills, the ability to work effectively at the highest levels of the organization and demonstrate effective collaboration skills that support and elevate the stature of CA.
- Self-motivated, detailed oriented, and ability to multi-task, balancing business as usual activities and change initiatives informed by the strategic roadmap.
- Ability to drive processes that ensure strict deadlines are met while managing multiple concurrent deliverables.
- Demonstrated success in business, functional and people management.
- Role model behavior in cross-cultural awareness and ability to connect with colleagues globally in establishing and maintaining a collaborative and inclusive work environment
- Strong leadership skills that gain trust and credibility across senior stakeholders
- Strategic mindset and ability to clearly articulate vision; ability to drive adoption and measure success of initiatives.
Education & Preferred Qualifications
- 10+ years of experience in a related role with internal audit production, methodology, and/or internal audit quality assurance experience.
- Bachelor's / University degree, preferable in finance, accounting or related field.
- Advanced degree or certification (CFA, FRM, CPA, CIA) required.
- Knowledge of and experience with Internal Audit Standards and related regulatory requirements (IIA, FRB SR13-1, CIIA, etc.)
- Proficiency in English is required, and knowledge of other languages is advantageous.
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.
Are you the right candidate? Yes!
We truly 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 don't necessarily need you to fulfil 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.
Discover more at StateStreet.com/careers
Salary Range:
$110,000 - $185,000 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.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
State Street's Speak Up Line