The Senior Associate, Operational Risk Manager provides risk management, Advisory oversight to the State Street Markets (SSM) businesses. SSM provides solutions to meet financing, liquidity and research needs including foreign exchange, brokerage services, transition management, electronic platforms, agency lending and secured financing services.

The role holder will support the execution the operational risk framework over these lines of business to ensure effective identification, measurement, control and management of operational risks globally. This candidate is responsible to support the Second Line Risk oversight, Advisory Review and Challenge.

The Senior Associate position sits within the 2nd line of defense and will Report directly to the UK Advisory Operational Risk Executive (ORE) for Markets & support the UK Advisory Operational Risk workload and the Global Operational Risk Executives workload which the UK team is a part of.

The role is global in nature and will require excellent communication, negotiation and partnership skills in order to influence a wide variety of stakeholders.

Other Key Responsibilities Include:

• Provide and support independent operational risk oversight and challenge for these lines of business
• Developing an understanding of the business as well as relevant industry issues, frameworks and emerging risks for the business
• Support the Execution and overseeing Operational Risk Framework programs (e.g., RCSAs, KRIs, Operational Incident capture and management)
• Promoting operational risk awareness across the business and acting as an independent, trusted advisor to the business units on risk matters
• Collaborating with Business Control Team, Compliance, Legal, Audit and fellow team members to form a holistic view of business risks
• Overseeing that risks are actively managed in line with risk appetite, overseeing the continued refinement and/or development of appropriate controls and ensuring thorough and timely resolution of issues
• Supporting and challenging the First Line using superior influencing and negotiating skills to identify, assess and control emerging risks prior to material P&L impact
• Provide support in the production of risk management information for relevant bodies (Legal Entity Boards , Committees, Working groups, Forums, etc.) across a wide range of risk materials.
• Provide support toward local ICARA’s, through facilitation, review and Challenge of key components in the process, across the Material Risk Identification, Ops Risk Scenario Analysis, Risk Appetite and Statement.

Qualifications:

• Minimum of 3 years of relevant industry experience with a proven track record for achieving operational risk excellence
• Experience across Operations, Risk Management and / or Audit roles which require the management of diverse risk types including operational risk
• Cutting edge subject matter expertise in operational risk discipline

• Strong analytical and problem-solving skills
• Navigates organizational complexity; demonstrates organizational acumen
• Builds partnerships across functions and regions; collaborates well with others
• Networks regularly and builds relationships across Risk disciplines and across key stakeholders within the first line of defense

Excellent Communication & Presentation Skills:

• Ability and confidence to exercise influence over a wide range of individuals
• Experienced in using active listening techniques on a consistent basis

Logistics:

• The role is global, and the incumbent must be proactive and capable of supporting discussions with stakeholders and colleagues in different regions and time zones.
• The successful candidate will need to be a hands-on, self-starter, and able to manage tasks/timelines

Other:

• Bachelors / master’s degree in finance, business, accounting or related field.

What we offer:

• Additional holidays (Birthday Day Off, 3rd and 5th year anniversary Day Off),

• Premium life insurance package and private pension plan,

• Gold medical package,

• Work from home solutions (Hybrid),

• Language classes, soft skills trainings, technical workshops,

• Development sessions with a mentor,

• Diversity of opportunities across a range of challenging and complex activities.

• Multicultural and diverse working environment.

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.

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, matching gift programs 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.

Minimum Salary:​

The minimum salary quoted above applies to the role in the primary location specified. If the candidate ultimately works outside of this primary location, the applicable minimum salary may differ.​

Salary will be determined based on factors such as the position, type of work performed, individual skills, job description, working hours, diligence, initiative, self-management, length of employment, availability, and the quantity and quality of work delivered, as well as other objective and non-discriminatory criteria relevant to State Street employees.​

In addition to salary, employees are eligible to be considered for discretionary annual performance-based awards.​

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We Offer:​

• Permanent contract from day one​

• Additional holidays (Birthday Day Off, 3rd and 5th year anniversary Day Off)​

• Gold Medical Package for employees and their families (partner and children)​

• Premium life insurance package and private pension plan​

• Wide range of soft skills training, technical workshops, language classes and development programs​

• Opportunities to volunteer your time to company-driven initiatives, employee networks or organizations of your choice​

• Variety of well-being programs​

• Additional benefits available depending on the seniority of the role

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.

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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