Full-Time

Technology Risk VP

Posted on 9/30/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$110k - $185kAnnually

Senior, Expert

Company Historically Provides H1B Sponsorship

Quincy, MA, USA

Role will be performed out of the Quincy location.

Category
Cybersecurity
IT & Security
Required Skills
Word/Pages/Docs
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree in Computer Science / Information Technology, IT Security, Risk Management, or a related field
  • Minimum of 8 - 10 years of experience with general risk management, auditing standards, and best practices
  • Candidate is knowledgeable in IT risk
  • Candidate is knowledgeable and/or has experience with global financial regulatory programs
  • Advanced MS Excel, Word, PowerPoint, etc.
Responsibilities
  • Work within the Global Technology Services FLRC RMS team to drive aspects of execution, reporting, and summarization of ongoing regulatory projects with particular attention to delivering high-quality analysis and responses to State Street’s global regulators
  • Lead a team of individuals who will provide technical analysis, assessment, and project management support for various elements of our ongoing GTS regulatory remediations, specifically the end-to-end development of regulatory finding closure materials, including the inventorying of relevant supporting documentation and the authoring and coordination of closing memoranda
  • Manage formal reviews of closure documentation across the LODs to ensure alignment and appropriate review and challenge
  • Provide advice to Management and, specifically, to remediation plan owners on executive messaging, tone, and structure of closing memoranda, including impactful metrics to drive and support remediation progress
  • Lead the drafting of regulatory remediation closing memoranda, including the overall strategic framing of executive messaging, primary authoring of all sections of the closing memoranda, and coordination of inputs from all relevant stakeholders
  • Engage and coordinate key stakeholders including IT management and supporting teams, Enterprise Technology Risk Management, Compliance, Corporate Audit and Legal throughout regulatory remediation lifecycle
  • Oversee, review, and report upon regulatory remediation progress for measurement, analysis and senior management communications, as directed
  • Provide regular status updates and supporting project management reports, as directed
  • Educate and mentor junior staff members in best practices and standard operating procedures associated with risk analysis, compliance evaluation, control assurance, and test execution

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

  • State Street benefits from the growing demand for ESG-integrated investment strategies.
  • The rise of digital assets offers new growth opportunities for State Street's custody services.
  • Expansion in passive investing and ETFs provides market share opportunities for State Street.

What critics are saying

  • Increased competition from firms like BlackRock and Vanguard may impact State Street's growth.
  • Geopolitical tensions in expansion regions could affect State Street's operations and profitability.
  • The rise of fintech companies poses a threat to State Street's traditional business model.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to diversity and inclusion in its operations and leadership.
  • State Street leverages advanced technologies for data analytics and investment management.

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