Job Description
Position Summary:
The 2025 summer internship position sits within the State Street Global Advisors Operational Risk Management team (SSGA ORM). The SSGA ORM team provides independent risk oversight to SSGA's business through various operational risk management programs such as error/incident analysis, Targeted Risk Assessment (TRA), Material Risk Identification (MRI), Key Risk Indicator (KRI), Risk and Control Self-Assessment (RCSA) and other risk governance and reporting activities. SSGA is the asset management arm of State Street Corporation and provides investment solutions and services to world's largest institutional clients. With over $4 trillion in AUM and 2,100 institutional clients in 57 countries, SSGA is the 4th largest asset management firm in the world.
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Our Team:
We are a diverse team of over 65 risk professionals based in Boston, Stamford, London, Dublin, Krakow, Bangalore and Sydney. As a combined group, we are responsible for identification, control, and reporting of operational, investment, liquidity, credit, and model risk globally. All over the world, institutional investors rely on State Street Global Advisors to help them deliver on diverse investment objectives, handle risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and talented, engaged employees are critical to our continued success. Our promise to maintain an environment where every employee feels 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.
Your Duties and Responsibilities:
As an Operational Risk Intern, you will be
- Supporting operational risk leads on various incident root cause analysis by collecting, cleaning, analyzing incident and business data; creating various charts, graphs and tables; and help the lead in interpretating data, summarizing and presenting the results and risk insights to senior management and committees;
- Executing targeted risk assessments (TRAs) and incident post-mortems (PMs) under the supervision of operational risk leads. TRAs and PMs are projects/reviews of targeted GA business activities and functions, which may have shown actual or perceived higher risks and may require mitigating actions. TRAs/PMs involve walkthroughs, interviews with business unit management to identify gaps and areas for improvement and provide practical recommendations;
- Working with operational risk team members in the development of Artificial Intelligence (AI) solutions and other special projects.
What we Value:
These skills will help you succeed in this role:
- Strong data analytical and communication skills
- Some programming (Phyton and R) skills and experience will be useful in order to successfully engage in the operational risk AI project
- Intellectual curiosity, flexibility and ability to work in a self-motivated environment
- Attention to detail
- Strong knowledge of Excel and PowerPoint is a plus
Skill Development Opportunities:
As an Intern, you will have the opportunity to gain the following:
- Learn more about risk oversight governance, framework and programs within an asset management firm, including the connections between Risk (2nd line) and business units (1st line)
- Familiarity with the SSGA business areas (Investments, Operations, Sales and Marketing and other functions)
- Learn about enterprise risk management (ERM) and other SSGA risk disciplines (market, counterparties, liquidity, model)
- Involvement in AI operational risk projects and develop understanding of operational risk data, models and various other analytical approaches and methods
Salary Range:
$15,600 - $58,500 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.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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