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Who We Are Looking For
A high-profile role within the firm, this Pre-Approval Controlled Function (PCF14) position for State Street Custodial Services (Ireland) Limited requires a high-calibre professional who will provide an independent assessment of the regulated entity's risks and proactively communicate and engage at senior levels within the business to assist with identifying, analysing, mitigating, managing and monitoring the risks that arise.
The individual should have a strong background in risk management, notably the implementation and embedding of risk frameworks and related tools.
The individual will serve as a subject matter expert, providing ongoing direction and consultative advice to the business unit with respect to risk management policies, guidelines, and best practices.
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.
To make that happen we need teams like yours to help navigate employees and the organization as a whole.
In your role you will strive for cutting-edge solutions that are straightforward and scalable, helping 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 Manager you will
Demonstrate ethical leadership and promote the highest standards of integrity, probity and corporate governance.
Drive the effective communication, implementation and compliance with accepted industry practice, company policies, statute and regulatory requirements.
Play a leading role in defining and embedding a sustainable culture of risk awareness, consistent with the company's core values.
Assist the Business Unit in identifying, analysing, managing and preventing risks inherent in its new and existing business, products and operating models, and develop or enhance existing controls to mitigate these risks.
Oversee the risk management infrastructure and practices consistent with regulatory expectations for a depositary and industry sound practices.
Implement the Corporate Risk Framework and related programmes within the firm, ensuring they align with corporate methodology and local regulatory requirements.
Assist the business unit in implementing effective risk management best practices by developing and establishing continuous risk identification, measurement, management, control and reporting.
Serve as a subject matter expert, providing ongoing direction and consultative advice to the business unit on risk management policies, guidelines and best-practice.
Consider specific industry, market and regulatory matters relevant to the firm, monitoring and assessing the impact of changes in the regulatory risk profile.
Report regularly to corporate and regional committees and legal entity boards with appropriate, timely and relevant information so that the committees and boards can discharge their responsibilities effectively.
Develop effective working relationships and communications with staff, motivating, developing and supporting them.
Develop relationships with key internal and external stakeholders and foster a culture of risk awareness through all interactions.
Develop and review risk-management related policies and procedures to ensure they meet regulatory requirements and proactively identify areas for control improvement.
Monitor and report on adherence to and consistency of strategic initiatives within the board-approved risk appetite framework, tolerances and profile.
Provide independent oversight and challenge the effectiveness of processes for risk identification, assessment, mitigation, management and reporting, and challenge business responses to material risk exposures.
What We Value
These skills will help you succeed in this role
Ability to analyse complex products and issues, using a network of colleagues to obtain additional information and facilitate sound decision-making.
Experienced and skilled communicator at all levels who inspires confidence, influences and motivates others.
Influence courageously and challenge senior management in a professional manner, communicating effectively and efficiently with colleagues and senior managers in other departments and locations.
Collaborate for results, providing assistance to other team members and readily sharing information and learning across the department.
Strong organisational skills.
Education & Preferred Qualifications
University degree in a relevant field such as accounting, finance or banking, or an equivalent professional qualification.
Minimum 10 years of experience in banking operations (or financial services industry or similar).
Depositary experience required.
Previous experience of holding PCF 14 an advantage.
Experience operating in a highly regulated environment.
In-depth knowledge and experience of best-practice risk-management methodologies and emerging practice in financial services.
Excellent communication skills (written and oral).
Ability to develop and maintain strong business relationships within the business units and across the corporation while maintaining a level of challenge.
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 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.
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