Markets Business Risk Advisor, Vice President

State Street • Jersey City, NJ

3d

About The Position

Markets Business Risk Management is a valued partner to State Street executives and senior leadership of State Street Markets with respect to the identification, assessment, and mitigation of risk. Business Risk Management serves State Street's clients, leadership, and employees by designing a strong internal control environment and providing assurance of its effectiveness to our Board. Business Risk Management aligns Business Unit’s and Corporate Function risk management practices with firmwide risk and control objectives, assisting senior leadership with balancing risk management and business unit performance. Business Risk Management drives a culture of risk excellence and constant transformation within our Business Units, making relentless forward progress with respect to the reduction of residual risk. We are seeking an experienced Risk Advisor to jointly support our Financing Solutions and Partnered Trading Business Units. Financing Solutions provides institutional investors with comprehensive, technology-driven liquidity, securities lending, and secured financing investment solutions; including Agency Lending, Prime Services, and Secured Financing (repo) products. Solutions are designed for portfolio efficiency, offering customized leverage, collateral management, and access to securities lending, borrowing and financing. Portfolio Solutions Partnered Trading allows asset managers to delegate some or all their trading activity to an experienced State Street agency trading desk. The service provides multi‑asset class execution, global market access, and integrated operational support, enabling clients to scale efficiently, manage market volatility, and focus internal resources on investment decision‑making while maintaining best‑execution and regulatory standards. Risk Advisors within Markets Business Risk Management teams are embedded within the first line of defense to both drive a strong culture of risk excellence and ensure business line controls are designed and operating effectively. The Business Risk Advisor, Vice President will execute the following responsibilities:

Requirements

• Risk Excellence mindset and high level of attention to detail
• An ability to successful cultivate and maintain productive relationships with first, second- and third-line stakeholders, possessing strong organizational collaboration and communication capabilities.
• The ability to successfully facilitate and resolve conflicts
• An ability to make informed, risk optimized decisions under pressure and drive issues toward resolution
• Bachelor’s degree in a related field.
• 8-10 years of experience in a securities finance, equity total return swaps, or trading execution business.
• Good knowledge or experience of working in risk, compliance and/or audit functions within the financial industry.
• Demonstrated success in strengthening the internal control environment and risk mitigation in a prior first or second line role.
• Excellent knowledge and understanding of regulatory, operational, market, and technology risks.
• Knowledge of regulatory requirements and expectations for a securities financing and trading execution business.

Responsibilities

• Serve as a Culture Champion for Risk Excellence by leading regular business unit aligned Risk Forums, identifying emerging risks, supporting self-identification of issues, recognizing training needs and operating as the primary point of escalation for any non-financial risk concerns in the business unit.
• Lead business unit applicable risk assessments, operational key risk indicator (ORKI) identification and oversight and resulting control design and implementation activities.
• Maintain a complete view of all Assurance events, Audit and Regulatory Exams scheduled for Financing Solutions and Partnered Trading and assist the business units with preparation, guidance, and support.
• Ensure risk management and internal controls are assessed and adapted appropriately within Financing Solutions and Partnered Trading during transformation and change management initiatives.
• Ensure the business unit has ongoing adherence to Incidents and Issues policy requirements and serve in a review and challenge role from identification through to the completion of remediation activities by the business unit’s first line process owners
• Facilitate consistent execution of first- and second-line central risk programs and corporate policy requirements within the business unit.

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: 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); and, eligibility for certain tax advantaged savings plans.
• For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees