Bangalore, India
Experience :
Manager
Closes on :
Jul 24, 2024
Job Description
Title: Control Assurance Testing Professional
Who we are looking for:
We are seeking a skilled Control Assurance Testing professional to support the Business Risk Management Monitoring and Testing team in executing client-specific control design assessments and operating effectiveness reviews.
Why this role is important to us:
The team you will be joining, Global Delivery – Business Risk Management, is part of the first line of defense and plays a crucial role in the overall success of the organization. Assurance testing is fundamental to strengthening our Risk and Control Ecosystem. The Monitoring & Testing team collaborates with the business to establish core risk management principles. If you are ready to make your mark in the financial services industry from day one, this role is for you.
What you will be responsible for:
- Perform control design and operating effectiveness reviews in line with State Street Framework, including documentation of Risk Control Matrices (RCMs) and results of control design and effectiveness testing.
- Conduct walkthroughs with business unit management and subject matter experts to identify areas of risk, control weaknesses, and opportunities for improving the risk environment.
- Evaluate the control design and operating effectiveness of end-to-end processes to ensure operational and compliance risks are appropriately mitigated, and regulatory obligations are met.
- Liaise and collaborate with Business and Risk teams to oversee and manage monitoring and testing programs in accordance with State Street requirements.
- Manage staff in a matrix environment and oversee employee development, concerns, and time management.
What we value:
These skills will help you succeed in this role:
- Good understanding of financial services and investment products.
- Excellent written and verbal communication skills.
- Strong problem-solving and analytical skills.
- Proficiency in MS Office (Excel, Word, and PowerPoint).
- Understanding of operations in the financial industry.
Education & Preferred Qualifications:
- Graduate degree in Business, Accounting, Risk Management, or equivalent experience preferred.
- 8 to 9 years of experience in Control Assurance Testing and Risk Management space.
Additional requirements:
- Knowledge of Archer GRS solutions platform is preferable.
About State Street:
State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. Our work in technology and product innovation is making a significant impact on the financial services industry. For more than two centuries, we’ve 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.
Work, Live, and Grow:
We strive to create a great work environment with competitive and comprehensive benefits packages. Details vary by location, but you can expect generous medical care, insurance, and savings plans, among other perks. Our flexible Work Programs help you meet your needs, while our development programs and educational support will help you reach your full potential.
Inclusion, Diversity, and Social Responsibility:
We believe that our employees’ diverse backgrounds, experiences, and perspectives contribute to an inclusive environment where everyone can thrive and reach their maximum potential. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality. State Street is committed to active engagement with our communities around the world and provides tools to help balance professional and personal life, including paid volunteer days, matching gift programs, and access to employee networks.
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.