Custody and Shared Services Risk Manager, Vice President

State Street•Quincy, MA

17h

About The Position

We are looking for a Custody and Shared Services Risk Manager, Vice President, for State Street’s custody business who will be responsible for enforcing consistent risk management standards across the Custody and Shared Services organization. The Custody and Shared Services division is comprised of many different functions and risk units. The Custody & Shared Services Risk Manager is responsible for creating and overseeing a consistent risk management governance framework for each of the functions and risk units to adhere to. In addition, this role will require the creation of division-wide executive management reporting, the establishment of division-wide risk management targets, and the management of a series of forums to enable strong alignment and accountability with global functional leads or their delegates. This role will report directly into the Head of Custody and Shared Services, Executive Vice President, and work closely with teams across the functions in Custody and Shared Services. This role requires experience with risk management, implementing governance plans, executive reporting, and cross-functional stakeholder management. This person will require the ability to influence others outside of their direct reporting line. This role will play an important part in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk and to protect their assets. To make that happen, we need teams like this one to keep a watchful eye on our risks at a macro level and evaluate how we are mitigating those risks on a daily basis. This role will help us build resilience and help us manage our overall control environment tightly.

Requirements

10 + years' experience in operational risk management for large financial institutions
Excellent presentation, communication, and collaboration skills
Negotiation experience
Fluent in English – oral and written – is a must

Nice To Haves

Advanced degree(s) in business or a related field

Responsibilities

Manage division-wide risk scorecard process with support from functional representatives for consistent risk measurement and reporting.
Oversee Risk Control Self-Assessment (RCSA) sessions for risk units, coordinate team training, and ensure alignment with Business Risk Management and second line of defense requirements.
Ensure fund transfer compliance, policy implementation, and timely closure of audit findings or deficiencies.
Drive incident and issue management, ensuring compliance, timely disclosure and effective remediation
Engage with Enterprise Resiliency partners to remain on track with continuity plans throughout the year
Partner with Risk, Compliance, and Audit teams to ensure organizational alignment across three lines of defense; represent division in risk forums as delegate.
Create new governance or reporting as necessary to address areas of risk or concern
Serve as coordinator to manage and close any division wide findings
Manage escalations as necessary to help business units resolve challenges
Hold Custody and Shared Service teams to a high standard to continuously improve our overall risk profile

Benefits

competitive and comprehensive benefits packages
generous medical care
insurance
savings plans
flexible Work Program
wealth of development programs
educational support
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks
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
eligibility for certain tax advantaged savings plans