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Full-Time

Vice President

Controls Design & Development-6

Updated on 10/3/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$110k - $185kAnnually

Expert

Quincy, MA, USA

Category
Cybersecurity
IT & Security
Required Skills
Management
Requirements
  • Bachelor’s degree in Computer Science / Information Technology, IT Security, Risk Management, or a related field; Masters degree a plus
  • Overall experience of 16 – 18 + years in Industry.
  • Minimum 8 years of experience working in Information Security or general IT areas related to risk management, controls assurance, compliance programs, cybersecurity and information security regulations, industry standards, and internal policies frameworks.
  • At least 8 years of prior experience in risk management/audit team with knowledge of Archer control inventory or other similar systems preferred.
  • Preference for working towards a professional certification: Certified Information Security Auditor (CISA), Certified Risk & Information Systems Controls (CRISC), etc.
Responsibilities
  • Serve as Lead on controls design and development workstreams across Global Technology Services
  • Maintain and improve methodology around monitoring and measuring threat risks that aligns to the standard industry frameworks.
  • Collaborate with Risk Governance on design and implementation of a risk and control framework.
  • Ensure that the risk and control assessment activities are delivered accurately and timely, in line with the State Street framework and methodology.
  • Discuss and validate potential control gaps, redesign and enhance controls, and develop operating effectiveness tests with control owners.
  • Assist in monthly and quarterly reporting on the status and outcomes of controls assessment activities.
  • Reinforce an inherent culture of accountability and ownership for implementation and execution of controls across all levels and functions within Global Technology Services.
  • Build strong relationships with subject matter experts and other stakeholders to drive risk excellence.
  • Work in conjunction with other Technology Risk and Controls departments as well as business partners and external parties as needed to resolve issues and ensure accuracy of accountabilities, and adherence to all policies/regulations/guidelines.
  • Maintain adequate records and evidence of risk and control assessments completed.

State Street Corporation provides asset management and custody banking services to institutional investors, including mutual funds and pension funds. Its division, State Street Global Advisors, manages investment portfolios and offers advisory services tailored to clients' financial goals. The company distinguishes itself through its commitment to innovation and promoting diversity and inclusion within its workforce. State Street aims to deliver high-quality financial services while fostering a supportive and inclusive culture.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

N/A

Growth & Insights
Headcount

6 month growth

-8%

1 year growth

-8%

2 year growth

-8%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street's strategic acquisitions, such as stakes in BWP Trust and Australian Clinical Labs, indicate robust growth and expansion opportunities.
  • The company's exploration of blockchain-based payment solutions, including stablecoin and token launches, positions it at the forefront of financial technology innovation.
  • State Street's strong leadership team, with recent high-profile appointments, underscores its commitment to maintaining a competitive edge in the industry.

What critics are saying

  • The competitive nature of the financial services industry requires State Street to continuously innovate to maintain its market position.
  • Regulatory challenges and compliance issues, especially with new ventures like stablecoin and token launches, could pose significant risks.

What makes State Street unique

  • State Street's focus on institutional investors, including mutual funds and pension funds, sets it apart from competitors who may target a broader audience.
  • The company's commitment to innovation, such as exploring stablecoin and token launches, demonstrates its forward-thinking approach in the financial services industry.
  • State Street's emphasis on diversity and inclusion, highlighted by initiatives like WomenInFinance, distinguishes it as a leader in fostering a supportive and inclusive workplace.