Business Risk Management - Officer

State Street Corporation
Edinburgh, United Kingdom
03 Feb 2023
07 Feb 2023
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
State Street's Business Risk Management function is an independent function within the first line of defense . The Business Risk team acts as a valued partner to the Global Delivery and Investment Services businesses in the UK and ME in the identification, assessment and mitigation of risk, whilst cultivating practices which enable a balance of business unit performance with risk and compliance objectives. You will work across the organization to identify and drive solutions in support of risk management activities and aim to develop and enhance the overall control environment. In this role, you will also interact with global teams across the various functions within the three lines of defense and also in conjunction with clients and third parties, which will require effective communication skills. The team members responsibilities include, but are not limited to supporting risk assessments, attending governance committees, conducting process and control analysis, reviewing incidents, policies and procedures and acting as a risk partner in consideration to new products, regulatory change or business projects..

What you will be responsible for:
As a Business Risk Officer you will:
  • Understand business risk matters across products and services within the IS and GD business lines in order to provide a holistic view of risks with accountability to local management
  • Provide requisite support to local leadership for implementation of the appropriate governance committees/forums, monitoring and reporting to manage the risk profile of UK given its business activities and the local regulatory requirements
  • Act in an supporting or advisory capacity to ensure the accuracy and timely reporting of risk information to management to make informed risk decisions.
  • Support risk assessment and reductions initiatives which includes, but is not limited to Issues Management and Incident Management, Risk Assessment (RCSA), KRI analysis, Process and Control Reviews, Client Reporting, Due Diligence, Policy and Regulatory Change reviews
  • Ensure global risk management practices and programs are implemented based on applicability for the entity with oversight of any third party relationships. Identify opportunities to refine LE/Country specific requirements and harmonize global best practices
  • Partner with the second and third lines of defense in support of local risk and control initiatives and face off with local regulators, clients or external auditors to articulate a risk view across the LE's.

What we value:
These skills will help you succeed in this role:
  • Knowledge of financial products, services and local regulations
  • Self-motivated professional with the ability to work in fast paced environment with competing priorities
  • High standard of quality, which includes attention to detail, problem solving, analytics and accountability
  • Strategic thinking and ability to influence, collaborate and challenge across multiple levels of the organisation
  • Strong written and verbal communication skills, including the ability to adapt to various audiences
  • Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio, Teams) and Archer or related risk systems

Education & Preferred Qualifications
  • Degree level or related accreditations i.e. IRM, FRM, CISI, ICA, ACCA etc
  • Experience in Risk, Compliance, Audit or related Governance role(s) (preferred)

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program 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 perspective 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 the 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 program 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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