Alpha Portfolio Services Governance Analyst

State Street Corporation
London, United Kingdom
04 Aug 2022
03 Sep 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
State Street Corporation (SSC) is responsible for the outsource service provision for its clients. SSC has demonstrated excellent success in recent times with major client wins covering in excess of 10 locations worldwide. SSC are increasing its talent to support the planning, development and roll-out of the Enterprise project within the Global Delivery, Middle office operations arena and require keen and experienced investment operations business professionals to play a key role in the delivery of a successful solution.
This is a Governance Business Analyst role, based in Canary Wharf, London. The individual will be responsible for the coordination of UK Oversight Governance activities

Why this role is important to us
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS' tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for
As Alpha Portfolio Services Governance Analyst

Coordinate UK Oversight Governance activities ensuring that that all outsource arrangements meet the requirements of the GS UK Outsource Framework.
  • Ensure that the complete population of outsource arrangements are recorded in the GS UK Outsourcing Governance inventory.
  • Complete monthly updates to IMS/GS/Business Controls inventories and escalate overdue items to Senior Management when required.
  • Coordinate the timely completion of new Outsource Risk Arrangement Documents (ORAD), working with the Second Line of Defense responding to their feedback and challenge. Ensure approvals obtained from Outsourcing Risk Assessment Owner, Outsourcing Portfolio Manager (or delegate), Risk & Compliance.
  • Coordinate the timely completion of new Service Level Agreements ensuring that all agreements meet the SSBT RRP requirements and obtain both Service Provider and Service Recipient approval/sign-off
  • Track upcoming migrations and operating model changes triggering SLA and ORAD updates
  • Maintain internal registers for both Outsource Arrangements and Service Level Agreements.
  • Coordinate annual attestation RRP arrangements on behalf of Global Delivery, Middle Office.
  • Act as delegate representation for Information Services at the SSBT London Control and Governance forums.
  • Instill a Control and Governance awareness across the Global Delivery, Middle office spectrum.
Monitoring and Testing:
Planning and co-ordination of operational controls testing for Global Delivery Middle Office functions
  • Complete preparation and planning for controls testing, ensuring adequate notice of testing to functional area managers.
  • Conduct walkthrough meetings with each team for understanding of end to end processes; co-ordinate follow ups where needed.
  • Ensure process narrative and initial control observations documented and shared with each in scope team prior to testing date.
  • Capture operational controls subject to testing within the Controls and Testing Workbook.
  • Co-ordinate testing of operational controls, ensuring evidence sufficiently analysed and documented.
  • Complete final observations document for submission to management.
  • Advise on operational control issues to be logged via Archer Issues Management in line with the Issues Management Standard.
Authorized Signature Lists
  • Act as the go to person for complex KYC requirements
  • Assist coordinating any global wide issues - ensuring transparency and accuracy adhered to at all times
Serious Incident Reporting
  • Act as go to person for handling difficult and aged items
  • Ensuring deliverables are being met and escalate accordingly
Ad hoc projects
  • Take on ad hoc projects as and when there is a business need. Ensure they are tracked, monitored and delivered on time
  • Be conscious that communication will be facing the client and upper senior management

What we value
These skills will help you succeed in this role
  • Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role
  • Ensure that the highest level of the Code of Conduct is displayed in your behavior
  • Provide appropriate management information as required to support business unit decision making
  • Support the 'Risk Excellence' culture within the business
  • Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulations

Education & Preferred Qualifications
  • Degree level - Governance or Operational Risk certifications would be a distinct advantage.
  • PC skills, including office applications (Word, Excel, Powerpoint).
  • Candidate must be very organized and able to manage multiple priorities.
  • Strong analytical and communication skills.
  • Self-motivated, adaptable and show initiative.
  • Candidate must be self-assured and react well within critical deadlines.

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.
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