Custody and Shared Services Risk-Officer

State Street•Quincy, MA

About The Position

We are looking for a Custody and Shared Services Risk Officer 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 14 different functions and risk units. The Custody & Shared Services Risk Officer 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, management of division-wide risk management targets, and coordinating a series of forums to enable strong alignment and accountability with global functional leads or their delegates. This role will report directly into the Custody and Shared Services Risk Manager, 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 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

5+ years’ experience in risk management in operations for large financial institutions
Excellent presentation, communication, and collaboration skills
Proven ability to build relationships with stakeholders
Fluent in English – oral and written – is a must

Nice To Haves

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.
Assist in Risk Control Self-Assessment (RCSA) sessions for risk units, coordinate team training, and ensure alignment with Business Risk Management requirements 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.
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
paid volunteer days
matching gift program
access to 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