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Operational Risk AVP role at State Street India – manage enterprise risk, drive governance and lead risk projects.
Seeking seasoned risk professional with 8+ years in banking to support second line oversight and ERM initiatives.
Who we are looking for
An experienced risk professional, who have worked in Financial Services industry or Investment banks in the risk management function. Looking to hire a seasoned risk manager who can support in implementation of the Risk Management framework for State Street India, in accordance with regulatory expectations and ERM policies and guidelines. The candidate will be responsible for the Second Line Risk oversight for State Street India’s Risk landscape.
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 the risk management function to help them manage risk, respond to challenges, and drive performance and profitability. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at your best.
What you will be responsible for
As an Assistant Vice President in Enterprise Risk Management, you will
- Drive effective risk governance within the State Street, India.
- As part of Enterprise Risk Management Team, primary responsibility will be risk oversight of business functions (First Line of Defense).
- Work with senior business executives to understand and manage enterprise and operational risks and assist in mitigating/reducing the risks
- Provide independent challenge from second line of defense to risk assessment programs performed by First Line of Defense teams
- Identify emerging risk if any by monitoring/observing trends in key risk indicators/incident management
- Lead and drive the execution of risk programs and strategic risk projects
- Drive effective Risk Control Self-Assessment Program and provide second line challenge to mitigate the gaps if any
- Review the quarterly risk reports, risk dashboards and India Risk Reports and assist in providing comments to the risk trends
- Participate in Material Risk Incident calls with First Line and Business
- Provide enhanced governance on repetitive risk incidents and assess any potential risk
- From a second line of defense perspective, provide effective review, challenge and risk dialogue for better decision making and risk mitigation.
- Aggregate and monitor risk exposures across India. Escalate significant and above tolerance risks to India and Global Risk Committees.
- Apply State Street’s Operational Execution suite of risk program across India to deliver better risk outcomes.
- Coordinate with Business on risk mitigation efforts in response to high impact operational risk events, including investigation and advice on the design of effective remediation plans.
- Promote a strong risk culture in State Street India, including awareness and compliance with ERM policy requirements.
- Maintain the highest standards of conduct and integrity.
- High level of personal commitment to each task, can-do attitude, and a drive to deliver.
- Develop a good understanding of the business and organization as a foundation for effective advice and challenge.
- Proactive approach to problem solving, delivering results and finding better ways.
- Lead or support global, regional and India level ERM projects.
What we value
These skills will help you succeed in this role
- Critical thinking, problem solving, and decision making skills
- Excellent communication skills. Ability to communicate with all levels of personnel across the organization, including senior executives.
- Presentation skills. Ability to create and deliver clear, persuasive, well-structured presentations appropriate to the audience.
- Analytical skills. Strong data analysis and data interpretation skills.
- Experience in executing risk projects
- Experience working in Risk Advisory practice with Big 4 firms would be an added advantage.
Education & Preferred Qualifications
Bachelor’s degree or equivalent. MBA or CA qualified would be ideal
Minimum of 8 years risk experience and 12 years of financial institutions experience
Relevant professional qualifications in risk management a plus
Proficiency in MS office suite, knowledge on Tableau would be preferred
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
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As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.