Job Title: Fraud & Financial Crimes and Compliance Audit, Assistant Vice President

Job Description:

We are looking for a Fraud & Financial Crimes and Compliance Audit Assistant Vice President to lead audit engagements focused on fraud, financial crimes, and compliance. This role will also cover additional corporate functions such as global human resources, global security, and legal. The Fraud & Financial Crimes and Compliance audit team is responsible for Corporate Audit’s coverage of the Corporate Compliance function. This includes coverage of centralized compliance functions such as regulatory change management, regulatory policy and strategy, conduct risk management, anti-money laundering, and sanction screening processes.

In this role, under the direction of senior audit management, you will oversee individual audit engagements and lead assigned teams through all aspects of the audit (i.e., planning, assessments, testing, and reporting). 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 Bangalore. Due to the role requirements, this job needs to be performed primarily in the office with some flex work opportunities available.

Why this role is important to us:

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability; regulators rely upon us to ensure that the bank operates compliantly with key banking regulations to properly manage risks to the company and the global financial systems. To achieve this, we need teams like yours to help navigate employees and the organization.

What you will be responsible for:

As a Fraud & Financial Crimes and Compliance Audit, Assistant Vice President, you will:

- Plan, oversee, and execute audits according to the Division’s risk-based audit methodology, internal standards, and industry practices.

- Supervise and direct the execution of risk and control assessments, along with the effective and efficient testing of key controls.

- Review audit workpapers to ensure execution aligns with internal standards and that conclusions are properly supported.

- Draft audit reports that clearly communicate overall conclusions, including key risks, identified issues, their root cause, and impact on overall business strategy.

- Work in partnership with business area management to communicate expectations and manage any project issues that may arise during the audit engagement.

- Escalate potential and identified issues to senior management promptly and work with business management to develop and negotiate solutions.

- Develop and maintain a thorough understanding of assigned areas of responsibility, including key technology, products, organizational activities, regulatory environment, and global footprint.

- Establish and maintain strong and effective client relationships with business management across the lines of defense and assist management in understanding and implementing/maintaining internal control principles.

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

- Coach and mentor audit staff as part of their ongoing development.

What you value:

- A high degree of professionalism with a proven history of providing effective leadership to diverse teams.

- The ability to manage complexity, effectively prioritize multiple tasks, and work independently in non-routine situations and a fast-paced environment.

- Excellent analytical, problem-solving, communication (written and verbal), interpersonal, organizational, and presentation skills.

- Demonstrated ability to synthesize an understanding of business processes into value-added feedback on risk and control environment.

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

- Fluency in English - written and spoken.

Education & Preferred Qualifications:

- 10-12 years of experience in Public Accounting, Internal Auditing, or Corporate Compliance teams (second line of defense), ideally in the Financial Services Industry.

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

- Advanced degree or certification (CFA, FRM, CPA, CIA, CAMS, ACFE) preferred.

- Experience executing or auditing compliance risk management.

- Experience in auditing information technology general controls.

Additional requirements:

While most of the time you will work from your primary location, some domestic and international travel may be required to various locations where State Street operates.

About State Street:

State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. From technology to product innovation, we are making our mark on the financial services industry. For more than two centuries, we have been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.

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.