Full-Time

Head of Business Controls

Evp

Confirmed live in the last 24 hours

State Street

State Street

10,001+ employees

Asset management and custody banking services

Compensation Overview

$300k - $412.5k/yr

Senior, Expert

Company Historically Provides H1B Sponsorship

Boston, MA, USA

Category
Strategy Development
Business Development
Business & Strategy
Required Skills
Risk Management
Requirements
  • Previous experience of managing a control environment, preferably in a heavily regulated global business.
  • Experience with operating in a highly matrixed environment and being able to deliver business results in rapid growth/change environments.
  • Strong leadership skills with a passion for leading, developing and engaging large, diverse teams;
  • Proven client service and relationship management skills;
  • Strategic and innovative thinker;
  • Strong operations knowledge and commercial acumen;
  • Ability to develop and drive a culture of risk excellence;
  • Sound communicator with established skills in cooperation and collaboration.
Responsibilities
  • Influence senior business leaders and drive risk perspective, risk accountability and risk culture throughout the Bank
  • Provide direction to Business Risk Executives and first line leaders to maintain an integrated and consistent approach to best in case controls design, implementation, monitoring, measurement, issue management, and reporting
  • Coordinate with second and third lines of defense functions to implement consistent risk management processes related to risk identification, risk assessment, issue management, reporting, and training. Collaborate to ensure clear delineation of roles and optimum coordination among the three lines of defense.
  • Lead the on-going documentation, review and implementation of business controls by leveraging best practices internally and externally to establish an effective “first line of defense” across all business lines and corporate support functions.
  • Lead regional management routines with a view to understand and monitor risks, effectiveness of controls and proactive testing and failure modes.
  • Collaborate closely with the Global Regulatory Liaison Office and legal entity governance teams to establish efficient and effective governance standards and face off with the regulators as appropriate.
  • Lead and manage all functions through a combination of direct and matrix management reporting lines.
  • Proactively and continuously seek to identify and implement best practices, policies and procedures.
  • Creatively align resources to be efficient and productive while delivering business value.

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, by leveraging its global expertise to deliver customized financial solutions. State Street generates revenue through management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Unlike many competitors, State Street emphasizes innovation and leadership, actively promoting gender diversity and inclusion within its workforce. The company's goal is to create a supportive environment that fosters leadership and emotional authenticity, enabling all employees to succeed.

Company Size

10,001+

Company Stage

IPO

Headquarters

Boston, Massachusetts

Founded

1792

Simplify Jobs

Simplify's Take

What believers are saying

  • State Street can expand custody services with the rise of digital assets.
  • The popularity of ETFs offers growth opportunities for State Street's index fund management.
  • Emerging markets expansion presents new opportunities for State Street's global operations.

What critics are saying

  • Integration challenges from acquiring Mizuho's global custody businesses may disrupt operations.
  • Increased competition from fintechs could attract State Street's clients.
  • Interim CFO appointment may lead to temporary instability in financial leadership.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to innovation and inclusive leadership in financial services.
  • State Street leverages a global network to offer tailored financial solutions.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Flexible Work Hours

Remote Work Options

Professional Development Budget

Tuition Reimbursement

Paid Holidays

Employee Referral Bonus

Company News

ETF Daily News
Mar 19th, 2025
Monogram Orthopaedics (NASDAQ:MGRM) Given New $5.40 Price Target at Roth Mkm

Finally, State Street Corp purchased a new stake in Monogram Orthopaedics in the third quarter worth $62,000.

Finance Director Europe
Mar 18th, 2025
Nammu21 announces strategic investments from Nasdaq Ventures, State Street, and UBS

With fully automated technology, Nammu21 streamlines loan operations, improves productivity by eliminating the inefficiencies of manual inputs across legacy operating systems

MarketBeat
Mar 15th, 2025
Raymond James Financial Inc. Invests $44.07 Million in State Street Co. (NYSE:STT)

Raymond James Financial Inc. invests $44.07 million in State Street Co. (NYSE:STT).

Defense World
Mar 13th, 2025
Proficio Capital Partners LLC Makes New Investment in State Street Co. (NYSE:STT)

Proficio Capital Partners LLC makes new investment in State Street Co. (NYSE:STT).

Defense World
Mar 6th, 2025
Centessa Pharmaceuticals plc (NASDAQ:CNTA) Sees Significant Growth in Short Interest

State Street Corp acquired a new stake in Centessa Pharmaceuticals in the third quarter valued at $777,000.