Intern Bank Risk Management Jobs in Massachusetts

Who we are looking for

We are looking for an Enterprise Risk Management, Vice President to provide leadership in executing Audit's assurance coverage over Non-Financial risks. Enterprise Risk Management provides independent risk oversight over State Street's business activities. The Non-Financial Risks include Technology, Cyber Security, Data Management, Transaction Processing, Product, Resiliency, Non-Technology Change Management, Third-Party, Fraud, Reporting, Human Capital, Legal and Strategic risks. In this role, you will report directly to the Corporate Audit Managing Director for Enterprise Risk Management, and you will support the annual audit planning and development, risk assessment, scoping and execution of audits related to the associated processes and risks. 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 Boston, Massachusetts. Due to the onsite 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 provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, you will help us build resilience and execute day-to-day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As a Non-Financial Risk Management, Vice President you will:

• Build a risk-based strategy for coverage of Non-Financial Risk
• Provide insights on the evolving regulatory environment and interact with regulators.
• Stay abreast of industry matters and efficiently and effectively apply applicable new developments in audit projects.
• Prepare and deliver periodic management reports to key stakeholders including executive management, governance committees, and regulatory bodies.
• Participate as a non-voting member of business / risk committees and management working groups, promoting balanced discussions, and encouraging challenge and debate.
• Participate in the development of a risk-based global non-financial risk audit plan through the execution of detailed risk assessments, which consider existing and emerging risks, key strategic initiatives, regulatory requirements / expectations and effectiveness of the control environment.
• Support the execution of the risk-based global non-financial risk audit plan through the review and approval of audit work products; ensuring effective coverage and the timely escalation of issues and conclusions.
• Draft, review, finalize and communicate audit deliverables, including audit findings, memos and audit reports to senior and executive management.
• Ensure audit engagements properly align to all internal standards and performance metrics.
• Maintain effective partnerships with key senior leaders in the Non-Financial Risk organization by identifying potential control risks and gaps while development and implementation activities are underway.
• Influence effective and sustainable improvements to processes and controls.
• Manage, coach and develop staff, including participating in talent management, staff evaluation, and new hire processes.

What we value

These skills will help you succeed in this role:

• Strong knowledge and understanding of Non-Financial Risks, including Technology, Cyber Security, Data Management, Transaction Processing, Product, Resiliency, Non-Technology Change Management, Third-Party, Model, Fraud, Reporting, Human Capital, Legal and Strategic risks.
• Experience with enterprise risk programs (e.g., material risk identification, RCSA, BCBS 239, Technology, Cyber, Resiliency, and Artificial Intelligence Risk Frameworks).
• Strategic thinking that focuses on developing innovative solutions to optimize execution approaches while maintaining efficiency.
• Ability to manage complex global audit programs across multiple risk disciplines and programs and develop strong relationships in both first and second line of defense to allow for effective review and challenge.
• Strong communication, interpersonal and leadership abilities across all levels coupled with effective problem solving, conceptual thinking, quantitative and analytical skills.
• Ability to manage complexity, effectively prioritize multiple tasks and work independently in non-routine situations and in a fast-paced environment.
• Strong leadership skills that create an inclusive environment for building, cultivating and managing diverse teams.
• Highly collaborative with an ability to develop and maintain strong relationships within the department and with stakeholders across the lines of defense.
• Fluency in English - Written and spoken

Qualifications

• 12-15 years of experience in Internal Audit, Risk Management, or related functions within financial services, including custody bank.
• Bachelor's degree, preferable in finance, accounting or related field.
• Advanced degree or certification (CPA, CRISC, CISA, CDPSE, CDPM, AAIA, AAIR, CGEIT) preferred.
• Deep expertise in executing or auditing non-financial risk programs, including RCSA, BCBS 239, Technology, Cyber, Resiliency, and Artificial Intelligence Risk Frameworks)
• Extensive experience leading global audit engagements and interacting with regulators.
• Strong understanding of global regulatory expectations and industry standards impacting non-financial risks.

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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.

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.

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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.