SSGA Business Strategy & Planning Risk Gov, AVP SSGA Business Strategy & Planning Risk Gov, AVP …

State Street Corporation
in Boston, MA, United States
Permanent, Full time
Be the first to apply
State Street Corporation
in Boston, MA, United States
Permanent, Full time
Be the first to apply
State Street Corporation
SSGA Business Strategy & Planning Risk Gov, AVP
SSGA Business Strategy and Planning
Risk Governance AVP
Position Summary
As a Risk Governance AVP on the State Street Global Advisors (SSGA) Enterprise Risk Management (ERM) team, you will work to build, improve, and actualize risk processes on behalf of SSGA. You can anticipate significant interaction with global SSGA and broader State Street Corporation (STT) teams, and will need to communicate effectively with a wide range of people. You will need the ability to organize both qualitative and quantitative information in a meaningful way to develop and implement plans to mitigate risks to SSGA and our clients. You will strengthen technology risk management by maintaining overall project achievements and resourcing, including improvement in productivity via automation and centralization of golden source data, to execute our digital transformation strategy. You will drive a risk-aware culture throughout the organization by providing thought leadership that challenges the status quo.
Our Team
Sitting within the second line of defense, this AVP role will provide global functional leadership and strong vision across risk disciplines. We are a diverse team of over 70 risk professionals based in Boston, Stamford, London, Dublin, Krakow, Bangalore, and Sydney. Collectively, we are responsible for identification, control, and reporting of investment, liquidity, counterparty, operational, and model risk globally.
All over the world, institutional investors rely on State Street Global Advisors 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 critical to our continued success. Our promise to maintain an environment where all employees feel valued and able to meet their full potential inspires our mission. It's also part of our dedication 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 is an Equal Opportunity Employer.
Your Duties and Responsibilities
As an SSGA Risk Governance AVP, you will:
  • Be an essential partner to the asset management business unit
    • Act as a representative of SSGA Risk to liaison with different teams within the company, including portfolio management, trading, operations, finance, and client-facing teams, as well as various broader entity divisions across legal entities.
  • Deliver on Regulatory Initiatives and Risk Excellence Outcomes:
    • Collaborate to expand and execute SSGA's overall Risk Framework and project plans.
    • Work at the forefront of financial regulatory developments, new products, technologies, and applications. You will assess and report on their respective impacts to the business's risk profile.
    • Design/implement programs to execute risk identification & facilitate regulatory requirements.
  • Technology Transformation Initiative primary liaison to migrate the Risk function (all third party risk analytics engines for investment and liquidity analytics) onto the new Front-to-Back platform being built in collaboration with STT and Charles River Development (CRD).
    • Simplify, Automate and Drive Efficient Risk Decision-making.
    • Improve data quality controls for effective risk data aggregation and risk reporting.
  • Serve as a key contact for risk governance queries and collaborate with other risk and control functions.
  • Contribute support to Risk audit examinations to ensure that no remediation is overdue.
  • Engage in various ad-hoc requests.

Qualifications, Skills, and Experience
To succeed in this role, you should have the following strengths:
  • Bachelor's degree in finance, economics, mathematics or business-related field; FRM or CFA or Master's degree in related field is ideal.
  • 5+ years of experience in consulting, data analysis, risk management, asset management, project management or a related field.
  • Proven expertise in project management, analytical skills, and team-building.
  • Capacity to articulate ideas and analysis effectively, verbally and in writing.
  • Ability and self-motivation to master key concepts and themes in an evolving regulatory environment
  • Adept at operating in dynamic environments.
  • Passion for new analytical applications and investment products. Prior experience with risk concepts and database tools is desired.
  • High degree of efficiency and attention to detail.
  • Experience with documentation and presentation software, with proficiency in Microsoft Word, PowerPoint and Excel expected.
  • Working knowledge of stress testing (Comprehensive Capital Analysis and Review "CCAR" or Internal Capital Adequacy and Assessment Process "ICAAP") in investment management and securities markets (equities, fixed income, currency, or cash), risk management, consulting, and/or analytical systems are preferred.
  • Some familiarity with risk assessments programs desired, for example:
    • Material Risk Identification (MRI) and/or Risk Appetite Statements (RAS)
    • Risk and Control Self-Assessment (RCSA) + Compliance Risk Assessment (CRA) = Integrated Non-Financial Risk Assessment (INFRA)
Company Overview

From technology and product innovation to corporate responsibility and community development, 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 - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.