Enterprise Risk Management Audit, Vice President

Full-time - Senior

Boston, MA

About the position

We are looking for an Enterprise Risk Management Audit, Vice President to provide leadership in executing Audit's assurance coverage over Financial risks. Enterprise Risk Management provides independent risk oversight over State Street's business activities. The Financial Risks include Market, Credit (including Trading Credit) and Liquidity. In this role, you will report directly to the Corporate Audit Managing Director for Enterprise Risk Management, and you will support the annual audit planning and development, risk assessment, scoping and execution of audits related to the associated processes and risks. You will also play a critical role in the ongoing development of audit staff and support various departmental initiatives. This role is based out of Boston, Massachusetts. Due to the onsite role requirements this job needs to be performed primarily in the office with some flex work opportunities available.

Responsibilities

• Participate in the development of a risk-based audit plan through the execution of detailed risk assessments, which consider existing and emerging risks, key strategic initiatives, regulatory requirements / expectations and effectiveness of the control environment.
• Support the execution of the risk-based audit plan through the review and approval of audit work products; ensuring effective coverage and the timely escalation of issues and conclusions.
• Draft, review, finalize and communicate audit deliverables, including audit findings, memos and audit reports to senior and executive management.
• Ensure audit engagements properly align to all internal standards and performance metrics.
• Prepare and deliver periodic management reports to key stakeholders including executive management and governance committees.
• Participate as a non-voting member of business / risk committees and management working groups, promoting balanced discussions and encouraging challenge and debate.
• Maintain effective partnerships with key senior leaders in the Financial Risk organization by identifying potential control risks and gaps while development and implementation activities are underway.
• Influence effective and sustainable improvements to processes and controls.
• Manage, coach and develop staff, including participating in the talent management, staff evaluation, and new hire processes.
• Provide insight on the evolving regulatory environment and interact with regulators.
• Stay abreast of industry matters and efficiently and effectively apply applicable new developments in audit projects.

Requirements

• Strong knowledge and understanding of financial risks particularly Liquidity, Market and Credit risks.
• Strategic thinking that focuses on developing innovative solutions to optimize execution approaches while maintaining efficiency.
• Strong communication, interpersonal and leadership abilities across all levels coupled with effective problem solving, conceptual thinking, quantitative and analytical skills.
• Ability to manage complexity, effectively prioritize multiple tasks and work independently in non-routine situations and in a fast-paced environment.
• Strong leadership skills that create an inclusive environment for building, cultivating and managing diverse teams.
• Highly collaborative with an ability to develop and maintain strong relationships within the department and with stakeholders across the lines of defense.
• Fluency in English - Written and spoken.

Nice-to-haves

• 10+ years of experience in Market/Credit/Liquidity risks in the first or second line, or Public Accounting.
• Bachelor's degree, preferable in finance, accounting or related field.
• Advanced degree or certification (CFA, FRM, CPA) preferred.
• Experience executing or auditing Financial.
• Experience in auditing information technology general controls.

Benefits

• Generous medical care
• Insurance and savings plans
• Flexible Work Programs
• Development programs and educational support
• Paid volunteer days
• Matching gift programs
• Access to employee networks