Full-Time

Head of Internal Audit – Senior Vice President

Confirmed live in the last 24 hours

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Senior

Company Historically Provides H1B Sponsorship

London, UK

Category
Auditing
Accounting
Requirements
  • Minimum of 20 years of related experience including time spent managing in an executive capacity
  • Minimum of 10 years as a lead UK auditor in Financial Services, GSIB experience preferred
  • Demonstrated experience evaluating operational business functions for a multi-jurisdictional financial services company
  • Demonstrated examples of operating with integrity, independence and objectivity while managing a large internal audit program
  • Proven strength in building and leading strong teams
  • A minimum of Bachelor’s degree in Law, Finance, or Business Administration, or in a related field, or equivalent experience
  • Post-graduate education, with a master's degree in business administration preferred
  • Related business experience in accounting, economics, legal, for example
  • Expert knowledge of audit principles and strategies and demonstrated impact of continuous improvement
  • Highly organized with extensive analytical, problem-solving and negotiation skills
  • Proven interpersonal and communication skills (executive presence, gravitas and influencing skills) at both the executive and board level
Responsibilities
  • Hiring, retaining and developing a professional team with the composite skill set appropriate for the size and risk profile of State Street’s business
  • Overseeing the execution of audit work in alignment with industry standards, regulatory requirements and the Corporate Audit Methodology and quality standards
  • Representing Corporate Audit at key board-delegated management committees, including; The UK Country Committee, UK Risk Committees, UK Technology and Operations Committee and UK Conduct and Compliance Committee
  • Providing independent and objective assessments of the design and operating effectiveness of State Street’s system of internal controls
  • Developing and maintaining strong partnerships to provide guidance/consultation in the development of strategies to improve performance
  • Driving continuous improvement in processes, raising the bar of risk excellence for the firm
  • Developing leaders of leaders as part of succession for Corporate Audit as well as the company
  • Establishing and maintaining collaborative partnerships with management to provide proactive risk advice in line with independence requirements
  • Evaluating and recommending improvements to the design and operating effectiveness of State Street’s global risk management, control and governance processes
  • Collaborating with the Corporate Audit leadership team responsible for the business aligned audits in the planning and execution
  • Developing required internal audit strategies and plans that address and evolve with the applicable risk facing activities within the legal entities and business areas
  • Building and maintaining effective relationships with the regulators at the UK’s Financial Conduct Authority and Prudential Regulation Authority
  • Developing and maintaining the requisite knowledge of key laws and regulations, current trends and technical issues impacting the professional practice of internal audit across the region
  • Modifying program activities to meet the evolving legal and regulatory changes for the UK
  • Driving continuous improvement through the development and implementation of new techniques, methods and practices to improve audit effectiveness and efficiency
  • Providing leadership, oversight and reporting of the global audit plan with respect to the UK legal entity and jurisdictional requirements
  • Monitoring and reporting on previously identified control issues to ensure they are properly addressed by management
  • Verifying the effectiveness of corrective actions taken, and reporting the status of outstanding issues that may be past due with respect to correction
  • Reporting on annual audit plan progress, results of audits performed and status on open and overdue audit issues to the various Boards, management and governance committees within the UK Region
  • Managing a professional team of approximately 40 staff located in the United Kingdom and Poland
  • Leading the development and implantation of Corporate Audit strategic priorities as assigned by the Chief Auditor
  • Developing, attracting, engaging and retaining industry-leading talent
  • Allocating resources to promote efficiency and effectiveness to achieve the program of high quality audit coverage and timely completion of the annual audit plan
  • Ensuring that all audit staff have development plans that keep them current with local laws, regulations and market practices

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, and utilizes its global network and expertise to deliver customized financial solutions. State Street generates revenue from management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Additionally, it is recognized for its commitment to leadership and diversity, promoting a culture that supports employee growth and inclusion.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1792

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for ESG investing benefits State Street's asset management division.
  • Digital asset custody solutions present expansion opportunities for State Street.
  • The rise of ETFs offers growth potential for State Street's offerings.

What critics are saying

  • Increased competition from fintechs could erode State Street's market share.
  • Integration challenges may arise from the Charles River Development acquisition.

What makes State Street unique

  • State Street offers a unique front-to-back client servicing platform.
  • The company integrates ESG factors into its asset management processes.
  • State Street's commitment to diversity and inclusion sets it apart in the industry.

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