Full-Time

Business/Operations Audit

Officer

Posted on 9/9/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Mid

Company Historically Provides H1B Sponsorship

London, UK

Some travel to other State Street locations may be required.

Category
Management Consulting
Consulting
Requirements
  • A bachelor’s degree in a relevant field such as Accounting, Finance, Alternative Risk functions and/or Business Administration is preferred but not essential.
  • CISA, ACA, CIA or other applicable industry recognized certification preferred.
  • Minimum 3 years direct experience in executing assessment of business process and technology/ITGC risks and controls, testing design and effectiveness of mitigating controls is preferable, including within public accounting or financial services internal audit.
Responsibilities
  • Assist in the performance of audits, specifically focusing on fieldwork and testing the internal control environment of State Street Corporation.
  • Demonstrate proficiency in evaluating and testing internal controls, assess risks and in applying audit skills.
  • Complete audit work papers and memoranda by documenting audit tests and findings in an automated workpaper program.
  • Communicate audit progress and findings by preparing reports and providing information in meetings.
  • Develop and write-up audit findings and make recommendations for review by the Senior Auditor and Audit Manager.
  • Will ensure adherence to company policies, Corporate Audit procedures, The Institute of Internal Audit Standards and industry regulations.
  • Seek to stay abreast of industry developments including but not limited to changes in industry regulations.
  • As skills develop, be given increasing responsibilities to make independent decisions within the limited scope of the audit assignment.
  • Complete audit projects from start to finish, adhering to internal methodology and IIA requirements at all times.

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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