Job Description

Assistant Manager, Corrective Action Validation Team

Who we are looking for

We are seeking an Assistant Manager to join the Corrective Action Validation Team, which is part of State Street’s Corporate Audit Team. Corporate Audit’s assessments include internal controls over financial and regulatory reporting, compliance with laws and regulations, and significant corporate policies, in addition to effective risk management. The Corrective Action Validation team monitors and validates Audit Remediation plans to ensure compliance with policies and industry best practices. The Team also plays a crucial role in reporting the status of all Audit Findings to management.

In this role, you will operate as part of a dynamic and cross-functional team responsible for the review of remediation plans post-individual audit engagements. Working under the direction of the audit project lead, your responsibilities will include: interfacing with business partners, executing control design assessments and operational effectiveness testing, developing audit test conclusions, and drafting summary observations. You will also play a role in the onboarding and coaching of junior staff and support various departmental initiatives. This role is based out of Bengaluru, Karnataka, India.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Institutional investors depend on us to manage risk, respond to challenges, and drive performance and profitability. Regulators rely on us to assure compliance with key banking regulations and proper risk management. To make that happen we need teams like yours. In your role, you will help us build resilience and execute day-to-day deliverables at our best.

What you will be responsible for

As an Assistant Manager in the Corporate Audit Team you will:

- Perform audit work in line with the Division’s risk-based methodology and the Institute of Internal Auditor’s standards.

- Obtain and analyze evidentiary data to draft informed and objective opinions on the adequacy and effectiveness of controls under review.

- Draft audit issues that clearly outline identified issues and underlying root causes.

- Review corrective actions taken by management to improve deficient conditions.

- Escalate potential issues/obstacles to audit management along with proposed solutions.

- Develop and maintain an understanding of internal State Street products and processes as well as relevant industry and regulatory topics.

- Develop relationships with audit clients and business partners across the lines of defense.

- Contribute to change initiatives through active participation in working groups and the adoption of practices in day-to-day responsibilities.

- Assist in the onboarding of audit staff.

What we value

These skills will help you succeed in this role:

- Ability to operate in a complex, non-routine and fast-paced environment independently and as part of a team.

- Proficiency in evaluating and testing internal controls and applying risk-based audit skills.

- High degree of professionalism and strong organizational, analytical, problem-solving, and project management skills.

- Excellent communication (written and verbal), interpersonal, and presentation skills.

- Proven ability to research, interpret, and apply regulatory requirements.

- Fluency in English (written and spoken).

Education & Preferred Qualifications

- 3-5 years of experience in Public Accounting, Internal Auditing, focusing on Financial Services such as custody, asset management, capital markets, alternative investments, etc.

- Bachelor’s degree, preferably in finance, accounting, or related field.

- Advanced degree or certification (CFA, FRM, CPA, CIA, CA) preferred. (CISA is a plus)

- Experience in auditing information technology general controls.

Additional requirements

While you will work from your primary location most of the time, some domestic and international travel may be required.

About State Street

State Street is one of the largest custodian banks, asset managers, and asset intelligence companies globally. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.

Work, Live, and Grow

We strive to create a great work environment with competitive and comprehensive benefits packages. You’ll have access to flexible work programs, development programs, and educational support to reach your full potential.

Inclusion, Diversity, and Social Responsibility

We believe in the power of diverse backgrounds and experiences in creating an inclusive environment. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality. State Street is an equal opportunity and affirmative action employer.

For further information, and to apply, please visit our website via the “Apply” button below.