Business Controls VP

Overview

The SOC Reporting PMO is a centralized group within State Street’s Business Risk Management division and oversees the execution of over 40 SOC (SOC1 and SOC2) internal control reports across different product lines within the global State Street organization.  The SOC PMO serves as SOC reporting subject matter experts, manages report content to be in line with accounting standards, industry trends and common client needs and liaises between the SOC reporting service auditor and business unit representatives.

SOC Reporting PMO, Audit Manager, Job Description

This hybrid-work role will be responsible for managing a subset of State Street’s various SOC 1 and SOC 2 reports covering some or all of the following areas: Transfer Agency, Fund Accounting and Custody, Private Markets, Information Technology, Global Markets and State Street Alpha, primarily in the European and North American markets. 

The SOC PMO, Audit Manager is responsible for overseeing the planning, execution and reporting for multiple State Street SOC reports simultaneously which includes the following responsibilities:

• Participation in status meetings and liaising with external audit firm(s) as well as partnering with business unit management and Business Risk Management colleagues to achieve project milestones;
• Provide counsel to business unit management to proactively evaluate scope changes to SOC reports based on changes in organizational alignment, product offerings and technology;
• Review SOC report drafts and recommend changes in line with AICPA guidance, including changes to new/existing controls, quality of descriptions and usefulness of content;
• Provide guidance and challenge to business unit management to address control deviations, deviation themes and develop remediation, as necessary;
• Respond to SOC Report-related client inquiries, due diligence questionnaires and/or RFPs via email;
• Participate in client presentations in person or virtually, as requested; and
• Participate in various SOC PMO strategic initiatives and projects, as assigned.

Job Specifications:

• BS or BA degree required;
• Ideal candidate has seven plus years of audit experience in public accounting or internal audit, including background in Information Technology;
• CPA, CIA, or CISA a plus;
• Preferred industry experience includes Financial Services, Banking and/or Insurance;
• Excellent analytical, client service, time management, and communication skills;
• Ability to multi-task and manage projects in fast paced environment;
• Proficiency in evaluating and testing internal controls;
• A proven self-starter who can manage long term projects, and
• Deadline and detail orientated.

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