Business Risk Manager, Global Markets, Officer

Who we are looking for

The Business Risk Manager acts as a valued partner in the Foreign Exchange trading businesses in the identification, assessment, and mitigation of risk as well as the cultivation of a framework of practices that enables a balance of commercial considerations with the risk excellence objectives established by business leadership. The responsibilities will include the identification of risks, the analysis and the development of strategy around these risks as well as the coordination across different areas, regions and groups that have an involvement, contribute to or have a responsibility in handling and resolving these risks.

Foreign Exchange helps our clients mitigate the unique risks associated with foreign currency exchange trading execution. Depending on the client’s needs, they can access: Direct FX, Indirect FX, Street FX, eFX

Why this role is important to us

Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for

Specific responsibilities will include but are not limited to:

- Assist with the management and execution of the risk management programs including product risk assessments (RCSAs), business line operational risk profile, control monitoring, risk acceptance, and Archer inventory management
- Advise and support business change initiatives, projects, and the remediation of control gaps and deficiencies
- Work with the business teams as well as second and third lines to establish and maintain a complete control inventory, assess control effectiveness, document self-identified issues, remediate operational incidents, and ensure compliance with regulations and corporate policies and standards
- Support the assessment, implementation, and adherence to policies, procedures and guidelines prescribed by corporate functions and business partners such as Compliance, Enterprise Risk Management, Corporate Information Security, etc.
- Assist with the facilitation of the regulatory change management process including completion of business impact assessments and required process and control design changes
- Assist with establishing and monitoring Key Risk Indicators, assist with creation of reporting to governance committees, and escalate risks as appropriate
- Contribute to key governance committees by preparing materials and information to be presented for review and approval
- Support implementation of corporate risk programs including complaints, conflicts of interest, sensitive positions, etc.
- Manage business line procedural inventories and complete periodic reviews and updates
- Develop and conduct business line training

What we value
- 1-3+ years of direct experience in risk management, compliance, or audit as well as having relevant experience with the operational and regulatory requirements.
- These skills will help you succeed in this role:

- Knowledge and experience with risk assessments, control design and effectiveness, and the establishment of monitoring activities, including key risk indicators
- Independent strategic thinker with an understanding of regulation and operational risk within foreign exchange.
- Strong organizational awareness with ability to facilitate and resolve conflicts; ability to make informed, risk optimized decisions under time pressure.
- Ability to collaborate and work across multiple stakeholders
- Attention to detail and a propensity to drive issues toward resolution.
- Keen awareness and appreciation for teamwork and collaboration
- Excellent verbal and written communication skills

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark 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 make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

State Street is an equal opportunity and affirmative action employer.