Alpha Services Business Risk Management Executive

Who we are looking for

Alpha Services is looking for an experienced risk leader (Business Risk Management Executive - BRME) to join State Street’s Business Risk Management (BRM) organization. The Alpha Services BRM function, led by the Alpha Services BRME, is focused on supporting Alpha Services executive leadership in the identification, assessment and mitigation of risk. Responsibilities including providing oversight of Business Risks, central management of control programs and risk governance, reporting, implementation of corporate programs and business solutions for regulatory, operational and technology risks. The Alpha Services BRME reports into the Alpha Services COO with a dual reporting line into the State Street CAO organization and will be based Boston MA.

Why this role is important to us

Alpha is the industry’s first-ever global interoperable platform that connects the front, middle and back office with one provider. Strong management of regulatory, operational and technology risk is essential to our reputation and clients’ trust. The team you will be joining is a part of a global, cross-divisional group supporting Alpha Services. This role is of critical importance as Risk Management and controls, enabling client trust, are part of our commercial value proposition. As a member of the BRM function you will assist in the execution of a Risk Management program aimed at governing, overseeing and managing risks, in support of the firm’s risk excellence goals. Join us if, making your mark, in an ever-changing, increasingly complex and competitive industry, is a challenge you are up for.

What you will be responsible for

As Alpha Services Business Risk Management Executive you will

• Serve as a trusted advisor to business executives, helping them understand and manage their inherent and residual risk exposure
• Lead a team who works directly with business leaders to ensure residual risk is managed to an appropriate level via understanding the existing control environment, risk assessments, controls testing and self-identifying areas for control improvements for regulatory, operational, new business onboarding, vendor and technology risk; and remediating any control gaps
• Ensure Alpha Services complies with policies, standards and programs applicable to the business across risk dimensions of regulatory, operational and technology risk
• Partner with the second line and third of defense consistent with our Risk Management/control objectives
• Co-develop the agenda and conduct the Business Risk Committee; the committee being our primary business-level governing body
• Serve as a close liaison with our senior corporate governing bodies; actively representing Alpha Services and contributing to enterprise wide initiatives and global committees

What we value

These skills will help you succeed in this role

• Risk management skills, especially those acquired at G-SIFI organizations and/or large public accounting firms
• Strong critical thinking, problem solving, and decision making skills to enable looking around corners and proactively address business, regulatory and technology risk exposures
• Ability to identify and articulate risk and control themes to senior management
• Experience with risk assessments, control design and effectiveness, first line assurance events (audits), and industry certifications (SOC 1 / 2)
• Knowledge of key risk indicators, governance, oversight and escalation practices
• Presentation preparation and delivery for Business Risk committees and cross organizational, executive and board of directors’ committees
• Strong execution management skills for delivery of programs and initiatives
• Ability to collaborate and work across multiple stakeholders

Education & Preferred Qualifications

• Undergraduate degree minimum and graduate degree preferred
• 12-15+ years of related experience including 7-10+ years as part of a global leadership team
• Industry certifications (e.g.: CRISC, CISA)

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. Alpha is our front to back platform that powers better performance and outcomes at every point on the investment lifecycle and is the first open platform from a single provider that connects the front, middle and back office. It harmonizes data, technology and services across trusted providers to help our clients better manage their businesses.

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.

Salary Range:

$170,000 - $267,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

For further information, and to apply, please visit our website via the “Apply” button below.