Operational Risk Manager Jobs in Massachusetts (NOW HIRING)

Who we are looking for

The Vice President, Business Risk Advisory - Global Treasury & Finance serves as a Risk Advisor and strategic partner within the Corporate Finance Risk Advisory team, with an initial primary focus on supporting Global Treasury. The role provides independent oversight, challenge, and guidance across Treasury activities, including liquidity and funding management, capital management, investment portfolio management, treasury operations, regulatory reporting, and enterprise transformation initiatives. Over time, the scope of responsibility may evolve to support other Corporate Finance functions based on organizational priorities, business needs, and risk advisory coverage requirements.

This role partners closely across the three lines of defense and acts as a trusted advisor to senior management in driving Risk Excellence, strengthening the control environment, and ensuring operational, regulatory, and compliance risks are effectively identified, assessed, escalated, and mitigated. The role is responsible for leading key Business Risk Management programs, risk forums, and the development of sustainable risk and control frameworks that support the achievement of business objectives while meeting regulatory expectations.

What you will be responsible for

Strategic Risk Advisory

• Provide business and compliance risk strategy, oversight, and challenge to Global Treasury & Finance leadership across key functions and initiatives
• Serve as a trusted advisor to senior leaders, influencing decision-making through effective risk identification, assessment, and mitigation strategies
• Lead risk forums, driving the identification of emerging risks, issue self-identification, control enhancements, and a culture of accountability
• Act as a Culture Champion for Risk Excellence, promoting strong risk awareness, transparency, and proactive risk management throughout the organization
• Serve as the primary escalation point for non-financial risk issues
• Contribute to executive governance forums, Business Risk Committees, and senior management discussions
• Monitor evolving regulatory expectations, industry developments, and emerging risks and assess their impact on operations and strategic initiatives

Risk Program Management

• Lead and execute core Business Risk Management programs, including:
  • Risk and Control Self-Assessments (RCSA)
  • Process and Control Reviews
  • Operational Risk Assessments
  • Operational Key Risk Indicator (ORKI) oversight
  • Issue Management and Corrective Action Plans
  • Risk Event and Root Cause Analysis
  • Regulatory and Compliance Risk Assessments
  • Risk Reporting and Governance Activities
• Support transformation initiatives, technology implementations, operating model changes, and process redesign efforts while ensuring risk and control considerations are appropriately incorporated
• Provide a framework for reduction of residual risk through proactive identification of risks, control gaps, operational weaknesses, and timely remediation activities
• Support business ownership and implementation of corporate risk management policies, standards, and regulatory requirements

Risk & Control Framework

Design, enhance, and oversee end-to-end risk and control frameworks across Treasury processes, regulatory reporting activities, and supporting data flows

• Partner with business, technology, and data management teams to assess control impacts resulting from system implementations, process transformations, and organizational changes
• Lead remediation efforts for operational risk events, regulatory findings, audit observations, and control deficiencies, ensuring sustainable and well-documented solutions
• Support process and control reviews, audits and additional aligned with enterprise and departmental objectives to strengthen the internal control environment for critical Treasury functions
• Ensure risks, controls, and key dependencies are appropriately documented, monitored, and governed

Partnership & Stakeholder Management

• Collaborate closely with Compliance, Corporate Audit, Enterprise Risk Management, Legal, Technology, Operations, and Finance stakeholders to coordinate regulatory obligations, examinations, audits, and enterprise initiatives
• Build and maintain highly effective relationships with senior leaders across the organization while providing constructive challenge and independent risk perspectives
• Develop and present executive-level risk reporting, metrics, and governance materials to senior management, committees, and regulators
• Coordinate stakeholders across multiple business units, geographies, and time zones to drive consistent risk management practices and execution

Leadership & Team Development

• Mentor junior risk professionals, fostering a collaborative, high-performing environment focused on accountability, professional growth, and continuous improvement
• Promote a culture of risk excellence, transparency, ownership, and proactive issue identification throughout the organization

Education & Preferred Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Risk Management, or a related field; advanced degree or professional certification a plus, but not required
• 10+ years of progressively responsible experience in Risk Management and Controls, Compliance, Audit, Treasury, or related control functions within financial services
• Experience with global treasury functions within a financial services environment and global treasury knowledge
• Understanding of risk management frameworks, internal controls, governance practices, and regulatory requirements applicable to financial institutions
• Experience leading large-scale risk assessments, business risk programs, control framework design, and regulatory initiatives
• Experience supporting regulatory examinations, audits, issue remediation programs, and business transformation efforts

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.