Corporate Audit Regulatory and Risk Insights, Managing Director at State Street

Who we are looking for

We are looking for a highly skilled and experienced individual to act as the Corporate Audit Regulatory and Risk Insights Managing Director. In this role, you will provide oversight and coordination of key processes that support Corporate Audit’s engagement in regulatory matters (e.g., regulatory validations, exam insights) and in the development and delivery of thought leadership on risk topics. Specifically, you will lead Corporate Audit’s efforts to harmonize approaches to engaging on global regulatory exams and in the processes to validate the successful closure of regulatory issues. Further, you will develop ongoing risk insights and provide thought leadership on risk topics (e.g., emerging risks, risk trends, material risks). Additionally, you will provide support of other central processes such as investigations, retrospective reviews, new business reviews and development of centralized reporting. This role reports into the Deputy General Auditor and centrally supports our global audit teams and you will work closely with your peers across multiple jurisdictions.

Additionally, you will be a key member of the Corporate Audit leadership team where you will develop and maintain strong partnerships across the lines of defense and within the Division. You will drive change within the Division by helping define strategic initiatives that positively impact underlying processes, improve performance, raise the bar on risk excellence for the firm and develop future leaders for both the Division and the Company. This role will be out of Boston, Massachusetts.

Due to the role requirements this job needs to be performed primarily in the office with some flex work opportunities available.

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; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, 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 the Corporate Audit Regulatory and Risk Insights, Managing Director you will:

• Oversee and coordinate the approach for engagement on global regulatory exams (e.g., track regulatory exam status, determine Corporate Audit participation, coordinate responses to examiner requests).
• Maintain and oversee processes around Corporate Audit’s validation of regulatory findings issued across the company. Areas of responsibility include: tracking open findings, confirming validation approach, ensuring proper resources are assigned, building periodic reporting, overseeing internal tollgate processes and reviewing validation materials.
• Aggregate and assess audit outcomes and continuous monitoring results to identify key risk insights to be shared with management through various means (e.g., legal entity boards, business committees, periodic opinions).
• Drive the delivery of Corporate Audit’s Risk Insights program whereby thought leadership on topics of emerging risk and / or key issues facing the business are reported on to key stakeholders.
• Maintain strong relationships with key stakeholders within the Division and across the lines of defense.
• Act as part of the Corporate Audit leadership team and help drive adoption of, and at times lead, Corporate Audit strategic initiatives intended to improve process efficiency and effectiveness.
• Provide leadership to Corporate Audit personnel involved in the regulatory and risk insight processes.

What we value

These skills will help you succeed in this role:

• Role model behavior in cross-cultural awareness and ability to connect with colleagues globally in establishing and maintaining a collaborative and inclusive work environment.
• Strong leadership skills that gain trust and credibility across senior stakeholders.
• Strategic mindset and ability to clearly articulate vision; ability to drive adoption and measure success of initiatives.
• Experience developing and maintaining relationships with multiple stakeholders, including executives, senior management, regulators and audit staff.
• Ability to manage complexity, effectively prioritize multiple tasks and work in non-routine situations and in a fast-paced environment.
• Strong communication, interpersonal and leadership abilities across all levels coupled with effective problem solving, conceptual thinking, quantitative and analytical skills.
• High degree of professionalism, professional curiosity and skepticism, proficient organizational, analytical and project management skills.

Education & Preferred Qualifications

• 15+ years of experience in Public Accounting, Internal Auditing, or Risk / Compliance experience with increasing responsibilities.
• Bachelor’s degree, preferable in finance, accounting or related field.
• Advanced degree or certification (CFA, FRM, CPA, CIA) preferred.

Additional requirements

While majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfill all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

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.

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.

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.

End Date: February 28, 2025

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