BRM Central Advisory / Testing Officer

State Street Corporation
London, United Kingdom
22 Aug 2021
24 Aug 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The Central Testing team performs operational effectiveness testing of internal controls on behalf of the First Line of Defence for all business lines and locations of State Street to support Business Risk Management in assessing and continuously improving the bank's control environment.

This role is to provide close support to the AVP leading the Central Testing team in order to ensure that the testing program runs efficiently, in accordance with defined control testing methodologies, and maintaining effective, regular, and open communication between the Central Testing team, Business Risk Management, and the broader operational business where control reside. The role will assist with the implementation and growth of the Central Testing function and work to ensure that the team produces high quality work to agreed timelines.

The role will also assist the Central Advisory team which provides guidance and support to Business Risk Management globally in the design assessment and improvement of internal controls.

The ideal candidate has some experience in a multinational financial services company performing work in a general risk management or control and process assessment environment (eg. SOX, SOC, Internal Audit, etc) . They will ideally possess a good working knowledge and experience in employing common control testing concepts such as population identification and sampling, designing appropriate control attributes to address required control objectives, an understanding of information processing objectives (ie. Completeness, Accuracy, Timeliness, etc), and an awareness of industry standard control assessment frameworks (eg. COSO). Some familiarity with any aspects of securities trading, asset management, custody banking, or fund services would be beneficial but is not essential.

  • 3 - 5 years of experience performing risk and control assessment / testing in a financial services environment.
  • Good understanding and proven track record of using common control assessment and testing approaches to complete control design and operational effectiveness reviews with limited direct supervision.
  • Strong verbal and written communication skills.
  • Some project management / planning experience and a desire to develop leadership skills
  • Ability to multi-task, plan ahead and anticipate issues, and track multiple concurrent projects.
  • Ability to work independently with appropriate guidance and provide effective coaching and workpaper review for less experienced team members.

Beneficial but not essential:
  • Complete or partial professional qualification in an audit or related field (eg. ACCA, ACA, CIA, CFA, etc)
  • Some familiarity with common risk and control processes in securities trading, asset management, custody banking, or fund services.
  • Some knowledge and awareness of relevant compliance requirements and fundamental regulation (eg. AML/CFT, legal entity governance, etc)
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