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Business Risk Manager, Officer

State Street

State Street is a leading provider of financial services to institutional investors around the world.

Who we are looking for

State Street’s Global Markets business has established a Business Risk Management function that is focused on risk management in the first line of defense through the implementation of controls, execution of monitoring and testing, and ongoing oversight

The Business Risk Manager (BRM) will support the Head of APAC Business Risk Advisory, Multi-Asset Class Sales, Trading & Research in executing the first line of defense risk management program for the business operating in APAC. This role acts as a valued partner in the business in the identification, assessment, and mitigation of risk as well as the cultivation of a framework of practices that enables a balance of commercial considerations with the risk excellence objectives established by business leadership.

Why this role is important to us

The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for

As Business Risk Manager you will

  • Support the Head of APAC Business Risk Advisory, Multi-Asset Class Sales, Trading & Research in the execution of risk management programs including product risk assessments (ex., RCSA), issue and incident management, key risk indicators and control monitoring, risk acceptance, and Archer reporting
  • Provide risk management support as part of business change initiatives, remediation of control gaps and deficiencies, and access management controls
  • Work with the Portfolio Solutions business team as well as second and third lines to establish and maintain a complete control inventory, assess control effectiveness, document self-identified issues, remediate operational incidents, and ensure compliance with regulations and corporate policies and standards
  • Participate in the assessment, implementation, and adherence to policies, procedures and guidelines prescribed by corporate functions and business partners such as Compliance, Enterprise Risk Management, Corporate Information Security, etc.

What we value

These skills will help you succeed in this role

  • Independent strategic thinker with an understanding of regulatory, operational, market, and technology risks in financial services
  • Strong attention to detail with an analytical mind and solid problem-solving skills.
  • Keen awareness and appreciation for teamwork and collaboration

Education & Preferred Qualifications

  • 3-5 years of experience in risk, compliance, and/or audit functions within the financial services industry
  • Independent strategic thinker with an understanding of regulatory, operational, market, and technology risks in financial services
  • Strong attention to detail with an analytical mind and solid problem-solving skills.
  • Keen awareness and appreciation for teamwork and collaboration
  • Risk and/or Audit certifications and/or related qualifications desired (i.e., CISA, CRISC, CISM, CISSP)

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

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Business Risk Manager, Officer

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Contact us

State Street

State Street is a leading provider of financial services to institutional investors around the world.

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