Enterprise Risk Management Audit, Assistant Vice President

State Street•Boston, MA

6d•$80,000 - $140,000•Onsite

About The Position

State Street is seeking an Enterprise Risk Management Audit Assistant Vice President to lead audit engagements focused on Comprehensive Capital Analysis and Review (CCAR) and financial risks, including market, credit (including trading credit), and liquidity risk. Enterprise Risk Management provides independent risk oversight of State Street’s business activities. Under the direction of senior audit management, this role oversees individual audit engagements and leads assigned teams through planning, assessments, testing, and reporting. The position also contributes to audit staff development and departmental initiatives. The role is based in Boston, Massachusetts and is primarily performed in the office, with some flexible work opportunities. Domestic and international travel to State Street locations may be required. The position partners with business management and senior management to communicate audit expectations, escalate issues, develop solutions, and promote effective internal controls. It also contributes to change initiatives and coaches audit staff. State Street describes itself as a custodian bank, asset manager, and asset intelligence company serving institutional clients. The company offers development programs, educational support, flexible work programs, and a comprehensive benefits package. The stated annual salary range for the primary location is $80,000–$140,000.

Requirements

At least 5 years of experience in CCAR or market, credit, or liquidity risks in the first or second line.
Knowledge and understanding of financial risks, particularly liquidity, market, and credit risks.
Professionalism and a proven history of effective leadership of diverse teams.
Ability to manage complexity, prioritize multiple tasks, and work independently in non-routine situations and a fast-paced environment.
Excellent analytical, problem-solving, written and verbal communication, interpersonal, organizational, and presentation skills.
Ability to synthesize understanding of business processes into value-added feedback on the risk and control environment.
Ability to research, interpret, and apply regulatory requirements.
Fluency in written and spoken English.
Bachelor’s degree, preferably in finance, accounting, or a related field.

Nice To Haves

Public accounting or internal auditing experience.
Advanced degree or a CFA, FRM, or CPA certification.
Experience executing or auditing CCAR or financial risks.
Experience auditing information technology general controls.

Responsibilities

Plan, oversee, and execute audits using the Division’s risk-based audit methodology, internal standards, and industry practices.
Supervise and direct risk and control assessments and the effective, efficient testing of key controls.
Review audit workpapers for compliance with internal standards and ensure conclusions are supported.
Draft audit reports communicating overall conclusions, key risks, issues, root causes, and impacts on business strategy.
Partner with business-area management to communicate expectations and manage issues during audit engagements.
Timely escalate potential and identified issues to senior management and work with business management to develop and negotiate solutions.
Develop and maintain a thorough understanding of assigned areas, including technology, products, organizational activities, regulatory environment, and global footprint.
Build and maintain effective client relationships with business management across the lines of defense and help management understand and implement or maintain internal control principles.
Contribute to change initiatives through working groups and adoption of practices in day-to-day responsibilities.
Coach and mentor audit staff as part of their development.
Travel to domestic and international State Street locations as required.

Benefits

Retirement savings plan (401(k)) with company match.
Insurance coverage, including basic life, medical, dental, vision, and long-term disability, with other optional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family-care responsibilities.
Employee Assistance Program.
Eligibility for annual performance-based incentive compensation awards, except certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Flexible work programs.
Development programs and educational support.
Paid volunteer days.
Matching gift programs.
Employee networks.
Medical care, insurance, and savings plans; details vary by location.