Purpose: The Working Student will be responsible for supporting the automation and optimization of outsourcing activities, which are currently very manual, error-prone, and only partially covered. Additionally, the role will assist the IT Outsourcing Controlling & Oversight function, ensuring that outsourced IT services provided to the bank by both group-internal and external vendors are appropriately overseen. The scope includes all IT outsourcing activities across all branches in Europe.

Key Responsibilities:

• Regulatory Compliance: Assist in ensuring adherence to EBA Outsourcing Guidelines by supporting the development and implementation of processes that meet regulatory requirements.
• Process Automation: Help identify and drive the automation of manual outsourcing activities to reduce errors and improve efficiency.
• Optimization: Support the optimization of existing outsourcing processes to enhance accuracy and coverage.
• Stakeholder Collaboration: Work closely with various stakeholders to understand their needs and ensure that the automated and optimized processes meet regulatory and business requirements.
• Documentation: Assist in maintaining comprehensive documentation of all processes, ensuring they are up-to-date and compliant with EBA guidelines.
• Continuous Improvement: Continuously monitor and suggest improvements for outsourcing processes to ensure ongoing compliance and efficiency.
• IT Outsourcing Oversight: Support the IT Outsourcing Controlling & Oversight function by ensuring outsourced IT services are appropriately overseen.
• Risk Assessment: Assist in assessing the impact of IT Outsourcing activities, including associated risks, while taking relevant regulations into account (e.g., MaRisk, BAIT).
• Governance Controls: Support the maintenance and enhancement of appropriate IT Outsourcing governance controls, including reporting, service reviews, and escalations.

Qualifications:

• Education: Currently pursuing a Bachelor’s or Master Degree or equivalent in Business Administration, Information Technology, or a related field.
• Experience: Some relevant experience or coursework in Financial Services or IT Governance principles is preferred.
• Technical Skills: Familiarity with process automation tools and techniques, as well as Microsoft Office applications (Co-Pilot. Word, Excel, Access, PowerPoint).
• Analytical Skills: Strong analytical and problem-solving skills, with the ability to identify inefficiencies and propose effective solutions.
• Communication: Good communication and writing skills, with the ability to present complex information clearly and concisely to various stakeholders.
• Language Skills: Proficiency in English, with dual language proficiency in Italian or German preferred.
• Duration of this role: Duration would be 12 months to 24 months with student status during the entire length of this program.

Other Requirements:

• Ability to work collaboratively with cross-functional teams and external regulatory bodies.
• Strong organizational skills, with the ability to manage multiple tasks and priorities effectively.
• Ability to solve problems, develop alternative approaches to problems, and resolve conflicts.
• Teamwork and collaboration-oriented with very good interpersonal and organizational skills.
• Ability to exercise sound judgment as well as to ensure accuracy and quality.
• Tenacious self-starter with a keen sense of accountability, ownership, commitment to work, and passion for delivering results.

About State Street: 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 in locations, but you may expect generous medical care, insurance, and savings plans among other perks. You’ll have access to a flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity, and Social Responsibility: We truly believe our employees’ diverse backgrounds, experiences, and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, a matching gift program, and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer. Discover more at StateStreet.com/careers.