Enterprise Risk Management, Vice President

State Street • Boston, MA

1d • $110,000 - $207,500 • Onsite

About The Position

The Enterprise Risk Management, Vice President provides leadership in executing Audit’s assurance coverage over Non-Financial risks. Enterprise Risk Management provides independent risk oversight over State Street’s business activities. The role supports annual audit planning and development, risk assessment, scoping, and execution of audits related to associated processes and risks. It also contributes to audit staff development and departmental initiatives.

Based in Boston, Massachusetts, this role is primarily performed in the office, with some flexible work opportunities. The position reports directly to the Corporate Audit Managing Director for Enterprise Risk Management.

The role supports the organization’s resilience and day-to-day deliverables while providing assurance that the bank complies with key banking regulations and appropriately manages risk.

Requirements

• 12–15 years of experience in Internal Audit, Risk Management, or related functions within financial services, including custody banking.
• Bachelor’s degree, preferably in finance, accounting, or a related field.
• Deep expertise executing or auditing non-financial risk programs, including RCSA, BCBS 239, Technology, Cyber, Resiliency, and Artificial Intelligence Risk Frameworks.
• Extensive experience leading global audit engagements and interacting with regulators.
• Strong understanding of global regulatory expectations and industry standards affecting non-financial risks.
• Strong knowledge of Non-Financial Risks, including Technology, Cyber Security, Data Management, Transaction Processing, Product, Resiliency, Non-Technology Change Management, Third-Party, Model, Fraud, Reporting, Human Capital, Legal, and Strategic risks.
• Experience with enterprise risk programs, such as material risk identification, RCSA, BCBS 239, and Technology, Cyber, Resiliency, and Artificial Intelligence Risk Frameworks.
• Strategic thinking and ability to develop innovative solutions that optimize execution while maintaining efficiency.
• Ability to manage complex global audit programs across multiple risk disciplines and programs and build relationships across the first and second lines of defense.
• Strong communication, interpersonal, leadership, problem-solving, conceptual-thinking, quantitative, and analytical skills.
• Ability to manage complexity, prioritize multiple tasks, and work independently in non-routine situations and a fast-paced environment.
• Leadership skills that foster an inclusive environment and support diverse teams.
• Collaborative approach and ability to build and maintain relationships within the department and with stakeholders across the lines of defense.
• Fluency in written and spoken English.

Nice To Haves

• Advanced degree.
• Professional certification such as CPA, CRISC, CISA, CDPSE, CDPM, AAIA, AAIR, or CGEIT.

Responsibilities

• Build a risk-based strategy for coverage of Non-Financial Risk.
• Provide insights on the evolving regulatory environment and interact with regulators.
• Stay abreast of industry matters and apply relevant developments efficiently and effectively in audit projects.
• Prepare and deliver periodic management reports to executive management, governance committees, regulatory bodies, and other key stakeholders.
• Participate as a non-voting member of business and risk committees and management working groups, promoting balanced discussion, challenge, and debate.
• Contribute to a risk-based global non-financial risk audit plan by conducting detailed risk assessments that consider existing and emerging risks, strategic initiatives, regulatory requirements and expectations, and control effectiveness.
• Support execution of the global non-financial risk audit plan by reviewing and approving audit work products, ensuring effective coverage, and escalating issues and conclusions promptly.
• Draft, review, finalize, and communicate audit deliverables, including findings, memoranda, and reports, to senior and executive management.
• Ensure audit engagements comply with internal standards and performance metrics.
• Maintain partnerships with senior leaders in the Non-Financial Risk organization and identify potential control risks and gaps while development and implementation activities are underway.
• Influence sustainable improvements to processes and controls.
• Manage, coach, and develop staff, including participating in talent management, staff evaluation, and new-hire processes.

Benefits

• 401(k) retirement savings plan with company match.
• Insurance coverage, including basic life, medical, dental, vision, and long-term disability, as well as optional additional coverage.
• Paid time off, including vacation, sick leave, short-term disability, and leave for family care responsibilities.
• Employee Assistance Program.
• Eligibility for annual performance-based incentive awards, with certain sales-role exceptions.
• Eligibility for certain tax-advantaged savings plans.
• Paid volunteer days.
• Inclusive development opportunities.
• Flexible work-life support.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior