Last updated

2024

Entity

State Street

Business Group

Corporate Functions (ERM)

Title

Vice President- 600

Who we are looking for

An experienced risk professional, who have worked in Financial Services industry or Investment banks who can support in overall implementation of the Risk Management framework for State Street India, in accordance with regulatory expectations and ERM policies and guidelines. The candidate is responsible for the Second Line Risk oversight for State Street India's Risk landscape.

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 a Vice President in Enterprise Risk Management, you will

• Drive effective risk governance within the State Street, India.
• As part of Enterprise Risk Management Team, primary responsibility will be risk oversight of business functions - Transfer Agency, Middle Office, Global Business Integration etc .May also support teams, wherever required, for risk oversight of other business functions
• Work with senior business executives to understand and manage enterprise and operational risks and assist in mitigating/reducing the risks
• Provide independent challenge from second line of defense to risk assessment programs performed by First Line of Defence teams
• Identify emerging risk if any by monitoring/observing trends in key risk indicators/incident management
• Lead and drive the execution of risk programs and strategic risk projects
• Drive effective Risk Control Self-Assessment Program and provide second line challenge to mitigate the gaps if any
• Review the quarterly risk reports, risk dashboards and India Risk Reports and assist in providing comments to the risk trends
• Participate in Material Risk Incident calls with First Line and Business
• Provide enhanced governance on repetitive risk incidents and assess any potential risk
• Co-ordinate and manage risk governance committee including setting the agenda in coordination with Head of ERM and preparation of governance committee packs
• From a second line of defense perspective, provide effective review, challenge and risk dialogue for better decision making and risk mitigation.
• Aggregate and monitor risk exposures across India. Escalate significant and above tolerance risks to India and Global Risk Committees.
• Apply State Street's Operational Execution suite of risk program across India to deliver better risk

Outcomes

• Coordinate with Business on risk mitigation efforts in response to high impact operational risk events, including investigation and advice on the design of effective remediation plans.
• Promote a strong risk culture in State Street India, including awareness and compliance with ERM policy requirements.

• Maintain the highest standards of conduct and integrity.
• High level of personal commitment to each task, can-do attitude, and a drive to deliver.
• Develop a good understanding of the business and organization as a foundation for effective

advice and challenge.

• Proactive approach to problem solving, delivering results and finding better ways.
• Lead or support global, regional and India level ERM projects.

What we value

These skills will help you succeed in this role

• Critical thinking, problem solving, and decision making skills
• Excellent communication skills. Ability to communicate with all levels of personnel across the organization, including senior executives.
• Presentation skills. Ability to create and deliver clear, persuasive, well-structured presentations appropriate to the audience.
• Analytical skills. Strong data analysis and data interpretation skills.
• Experience in executing risk projects
• Experience working in Risk Advisory practice with Big 4 firms would be an added advantage.

Education & Preferred Qualifications

• Bachelor's degree or equivalent. MBA or CA qualified would be ideal
• Minimum of 10 + years risk experience and 15+ years of financial institutions experience
• Relevant professional qualifications in risk management a plus
• Proficiency in MS office suite, knowledge on Tableau would be 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 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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