SVP, Head of Non-Financial Risk Management (Investment Management)

State Street • Boston, MA

2d

About The Position

Senior Vice President, Head of Non-Financial Risk Management (Investment Management) The Senior Vice President, Head of Non-Financial Risk Management, Investment Management is a senior executive responsible for leading Second Line Oversight for Compliance and Operational Risk across the Investment Management (IM) business. Reporting to the Chief Compliance and Operational Risk Officer (CCORO), this role ensures that non-financial risk management strategies, governance and practices effectively identify, assess, mitigate and report on risks, supporting business objectives, fiduciary obligations, and global regulatory requirements. As a member of the Investment Management senior leadership team and broader Non-Financial Risk Management leadership community, this executive serves as a trusted advisor, independent challenge function, and strategic partner to business leadership, enterprise stakeholders, regulators, and governance committees. Key Responsibilities: Strategic Leadership: Lead and continuously enhance the Non-Financial Risk Management framework for Investment Management, encompassing Compliance and Operational Risk, in alignment with enterprise policies, regulatory expectations, and industry standards Serve as a senior leader for non-financial risk matters within Investment Management, providing independent oversight, credible challenge, and strategic risk advice Advise and consult with senior business and enterprise leaders on emerging risks, control effectiveness, and risk-informed decision making Compliance Oversight & Regulatory Accountability: Oversee a global Compliance program supporting a complex, multi-jurisdictional Investment Management business, including monitoring, testing, risk assessment and issue management Provide subject matter expertise and advisory support on applicable laws, regulations, regulatory guidance, and internal policies across all Investment Management activities Manage and lead engagement with global regulators, including preparation for and execution of regulatory examination and remediation activities Actively participate in regulatory change management process to ensure timely identification, assessment, and implementation of changes impacting the Investment Management business Prepare and present periodic Compliance reports and program assessments to senior management, governance committees and Boards Operational Risk Oversight: Provide Second Line Oversight for Operational Risk across Investment Management, including risk identification, assessment, escalation and remediation Lead independent review and challenge of First Line risk ownership through scenario analysis, loss event review, root cause analysis, and lessons-learned activities Partner with business and enterprise stakeholders to promote effective operational risk controls, resiliency, and sustainable remediation of issues Governance, Reporting and Stakeholder Engagement: Represent Non-Financial Risk Management and Compliance in Investment Management and enterprise governance forums, providing effective challenge and escalation of material risk matters Develop and deliver integrated non-financial risk reporting, including themes, trends, and emerging risk, to senior management and oversight bodies Maintain strong partnerships with Legal, Corporate Audit, Risk Management and other control functions to support coordinated and effective risk outcomes People & Organizational Leadership: Lead, develop and retain a global team of Non-Financial Risk professionals, fostering a culture of integrity, accountability, inclusion, and risk excellence Set clear objectives, performance expectations, and development priorities, supporting strong succession planning and organizational resilience What we Value: Deep expertise in Compliance and Non-Financial Risk Management, including Operational Risk, within a global investment management or financial services environment Strong executive presence with the ability to influence, challenge, and partner effectively at senior levels Demonstrated success managing regulatory relationships and leading through regulatory examinations and remediation Ability to manage multiple priorities in a deadline-driven, highly regulated, global environment

Requirements

• Deep expertise in Compliance and Non-Financial Risk Management, including Operational Risk, within a global investment management or financial services environment
• Strong executive presence with the ability to influence, challenge, and partner effectively at senior levels
• Demonstrated success managing regulatory relationships and leading through regulatory examinations and remediation
• Ability to manage multiple priorities in a deadline-driven, highly regulated, global environment
• Bachelor's degree required; advanced degree such as JD, MBA or equivalent is strongly preferred
• Minimum 20 years of progressive leadership experience in Compliance, Non-Financial Risk Management, or Operational Risk within investment management or large financial institutions
• Expert knowledge of applicable global regulatory frameworks impacting investment management businesses

Responsibilities

• Lead and continuously enhance the Non-Financial Risk Management framework for Investment Management, encompassing Compliance and Operational Risk, in alignment with enterprise policies, regulatory expectations, and industry standards
• Serve as a senior leader for non-financial risk matters within Investment Management, providing independent oversight, credible challenge, and strategic risk advice
• Advise and consult with senior business and enterprise leaders on emerging risks, control effectiveness, and risk-informed decision making
• Oversee a global Compliance program supporting a complex, multi-jurisdictional Investment Management business, including monitoring, testing, risk assessment and issue management
• Provide subject matter expertise and advisory support on applicable laws, regulations, regulatory guidance, and internal policies across all Investment Management activities
• Manage and lead engagement with global regulators, including preparation for and execution of regulatory examination and remediation activities
• Actively participate in regulatory change management process to ensure timely identification, assessment, and implementation of changes impacting the Investment Management business
• Prepare and present periodic Compliance reports and program assessments to senior management, governance committees and Boards
• Provide Second Line Oversight for Operational Risk across Investment Management, including risk identification, assessment, escalation and remediation
• Lead independent review and challenge of First Line risk ownership through scenario analysis, loss event review, root cause analysis, and lessons-learned activities
• Partner with business and enterprise stakeholders to promote effective operational risk controls, resiliency, and sustainable remediation of issues
• Represent Non-Financial Risk Management and Compliance in Investment Management and enterprise governance forums, providing effective challenge and escalation of material risk matters
• Develop and deliver integrated non-financial risk reporting, including themes, trends, and emerging risk, to senior management and oversight bodies
• Maintain strong partnerships with Legal, Corporate Audit, Risk Management and other control functions to support coordinated and effective risk outcomes
• Lead, develop and retain a global team of Non-Financial Risk professionals, fostering a culture of integrity, accountability, inclusion, and risk excellence
• Set clear objectives, performance expectations, and development priorities, supporting strong succession planning and organizational resilience

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.

What This Job Offers

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