Business Control Administrator, Senior Associate - 6 month fixed term contract
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28.19 trillion in assets under custody and administration and $2.45 trillion in assets under management as of December 31, 2014, State Street operates globally in more than 100 geographic markets and employs 29,970 worldwide.
Business Control is part of Global Services (GS) Australia and plays a pivotal role in assessing and managing the performance & risks of the business in line within our control framework, Client expectations and the regulatory environment.
The team is responsible for governing outsourced services, proactively analysing and managing risk, ensuring adherence to regulatory obligations and Business Continuity Planning (BCP). To achieve its objectives, the team partners with the business locally in Australia, globally and a number of corporate functions such as Risk, Compliance and Legal.
The role reports in to one of the managers within the business control team and will work with a variety of teams across the organisation on a range of activities and initiatives to manage and improve performance and risk.
Business Control team members must demonstrate strong process and control knowledge in an operations environment, ability to interpret and analyse data, support improvement initiatives, and maintain a high level of autonomy.
More specifically your role will involve:
Maintenance of regulatory requirements
Sample based testing to ensure adherence to control framework and regulatory requirement
Perform trend analysis and work on improvement plans to address issues
Implement changes to the business that are aligned with corporate and regulatory initiatives
Collaborate with various teams across the organization, e.g. GS Operations, Risk, Compliance and LegalProduce regulatory and other business metric reporting
Adhoc administration duties
This role is a 6 month fixed term contract and will ideally suit a candidate who can demonstrate the following skills and experience:
Embraces State Street’s “corporate values” and support a work environment reflective of those values
Proven ability to communicate in a clear, concise and professional manner at all levels of staff and management
Ability to quickly and effectively absorb new concepts and business knowledge
Possesses a focus on risk excellence, with proven risk evaluation, mitigation and management skills
Ability to work effectively with all levels of management
Ability to work collaboratively across multiple business and other internal groups
Self-motivated and capable of working independently as well as be an effective team player and collaborator
Demonstrates effective time management skills and has proven ability to multi-task in a fast paced environment
Demonstrates the ability to influence and create a unified vision
Ability to be flexible and to adapt to changing circumstances
Exhibits strong attention to detail
Bachelor’s degree or equivalent
Demonstrated knowledge and understanding of operations functions, processes and controls across the fund administration and custody industry
Exposure to a regulatory and compliance environment (not mandatory but will be highly regarded)
Proficiency in Microsoft applications