Business Risk Management Alternatives, Managing Director

State Street•Quincy, MA

19h

About The Position

We are looking for a Business Risk Management Alternatives – Managing Director, Business Risk Management Alternatives, who will be part of the Global Delivery Business Risk Management Leadership Team and the Alternatives Functional Leadership Team. Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to private equity, hedge funds and private credit funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements and is a focused growth area for State Street.

Requirements

Over 15 years' experience within financial services or risk management (in Non-Financial risk management or Business Management)
Enterprise leadership skills managing risk across regions
Experience interfacing at a senior level with clients, service providers and regulators.
Strong team leadership, coaching, mentoring, communication and presentation skills
Focus on talent management, optimizing technology and managing operational risk
Energy, enthusiasm and an obsession with service quality and delivering to our clients
An ability to think strategically, managing complexity, change and multiple priorities
A relevant graduate degree or masters qualification that can be leveraged in this role

Nice To Haves

Navigate a large, global organization.
Build meaningful relationships and develop an effective network.
Work successfully in a matrixed environment.
Effectively manage multiple stakeholders, determine highest priorities for the organization, identify and resolve contention between directives.
Proven leadership skills as well as managing and developing a high performing operational teams who deliver directly for you or for which you are a people manager only.
Excellent time management, presentation skills and communication to multiple levels (clients, other 3rd parties, executives, peers, subordinates).
Flexibility across multiple communication formats
Proven track record of achieving/exceeding financial goals through expense discipline and headcount management.
Experience with change management programs in risk sponsorship or leadership roles demonstrating successful delivery of risk objectives including risk reduction.
Demonstrated ability to execute under challenging circumstances and deliver targeted outcomes.
Demonstrated ability to manage, coach and influence colleagues and virtual team members.
Cross-cultural awareness and the ability to connect with colleagues globally in a collaborative, open work environment.
To serve as a role model of acceptance and flexibility in dealing with colleagues with varying backgrounds.

Responsibilities

Acting as a valued partner to the Alternatives Business in the identification, assessment, and mitigation of risk collaborating with the wider global GD BRM organization and GD Business
Ensuring that the BRM framework. principles and methodologies for identifying, analyzing, monitoring and minimizing business risks are consistent and adopted by the Alternative leadership team with alignment to regional requirements based on the locations Alternatives operates from.
Understanding and engagement in the overall strategy of the business Requires in-depth domain knowledge in risk/compliance, process and control reviews, change risk management, problem-solving skills, and deep knowledge of the financial industry and State Street products and services
Proven leader with the ability to work in ambiguity and be able to understand and translate risk and control requirements and ensure they are reflective in the Alternatives and Global Delivery Strategy
Change agent mentality with the business acumen to interact with senior business stakeholders across the global organization possessing the ability to offer creative solutions to meet all stakeholders requirements
Proven track record in leading and driving risk and control strategies and risk culture change
Providing strategic and tactical leadership on the effectiveness of the risk and control environment as relates to Business as Usual and transformation and the remediation of areas of risk
Understanding of the organization’s strategy and critical success factors enabling challenge and reporting of the Alternatives risk profile and potential operational exposures and monitoring of risk reduction
Working closely with the rest of the Global Delivery BRM to ensure appropriate coverage within global BRM
Serving as liaison and coordinating with internal departments, regulators, and other external parties for non-financial risks to ensure risk management practices align with firmwide risk and control objectives
Supporting the implementation of globally consistent risk and control practices
Continually develop the team of business risk professionals to delivery risk excellence in all operational activities

Benefits

our retirement savings plan (401K) with company match
insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
paid-time off including vacation, sick leave, short term disability, and family care responsibilities
access to our Employee Assistance Program
incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks