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Full-Time

Controls Testing & Assurance 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

Quincy, MA, USA

Category
Financial Consulting
Consulting
Required Skills
Communications
Management
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
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 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.