Operational Risk, VP

State Street Corporation
London, United Kingdom
26 Jan 2023
01 Feb 2023
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for.
Supporting the embedment of the Op Resilience Risk Policy of the Firm in consultation with the objectives and directives of the Corporation
Responsible for leading oversight and challenge to drive firm compliance with Corporate Policy requirements and regulatory requirements and are fulfilled, working with business lines and other functional areas of the Organization to achieve the Firm's Resilience risk objectives.
The role will have accountability for specific Critical Business Services (CBSs) with complete risk oversight of the resilience of the CBS delivery. The individual should develop in depth SME knowledge of the end-to-end delivery of the CBS including supporting infrastructure.
Maintain in depth knowledge of the Resilience Risk Management industry standards and best practices as well as global regulatory guidance and expectations on Operational Resilience. Participate in relevant industry forums and translate knowledge internally.

Why this role is important to us.
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. 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 Operational Risk VP you will,
  • Supports development of a strategy for achieving an efficient and effective operational resilience management across various functions and regions
  • Represent SME SLOD resilience risk management in Governance.
  • Advance the Operational Resilience SME presence in the organization Provide support on Resilience matters including periodic updates in Governance forums on the execution progress of the Corporate Resilience program.
  • Participate in the execution of the Impact Tolerance and Resilience Testing programs including supporting the review and challenge of Alternative Action Plans
  • Provide SME knowledge in developing a Second Line Reporting on Vulnerabilities and support its automation leveraging PowerBi capabilities.
  • Support the design and development of a CBS Operational Resilience profile to support a second line view of the CBS resilience capabilities in collaboration with ERM India reporting function.
  • Support the ongoing evolution of SST Non-Financial Risk practices.

What we value
These skills will help you succeed in this role.
  • Demonstrated presentational skills.
  • A professional and collegial working manner
  • Effective co-operation with peers in the corporation to achieve the objectives of Firm.
  • Ability to navigate and building buy-in across a matrix structure to execute Operational Resilience deliverables in a timely manner.

Education & Preferred Qualifications
  • At least 15 years Operational Risk Management experience in financial services with particular experience in Asset Management or Fund Accounting
  • Wide-ranging knowledge of the financial industry, in particular Operational Risk Management or business continuity oversight management
  • In depth knowledge of global regulatory requirements for Operational Resilience
  • Fluent in English both written and oral, with polished and effective communication skills both with internal and external parties
  • BA degree or equivalent experience

Additional requirements
  • Extensive knowledge and experience of Operational Risk Management with knowledge of Business Continuity programs and practices a plus
  • Knowledge of financial industry products (CBS)
  • Knowledge of methodologies to analyze resilience capabilities and vulnerabilities of a given product.
  • Ability to translate regulatory requirements into actionable plans for the Organization.
  • Extensive quantitative/data analysis capability, to support impact analysis assessment and calibration of the impact tolerance setting.
  • Ability to interact and challenge critical business service executive management in relation to the resilience risk management of their service deliver.
  • Ability to present and challenge in executive level governance committees, including Board level.
  • Significant experience in effectively engaging with Regulators and internal/external Auditors.
  • Ability to identify industry maturity levels in the Operational Resilience space and relay relevant information internally.

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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