Business Risk Advisor, Vice President at State Street in Boston, Massachusetts

Job Description:

Business Risk Advisor, Vice President

Who We Are Looking For?

The Business Risk Advisor (BRA), Vice President is a valued partner in the Portfolio Solutions brokerage and Transition Management business in the identification, assessment, and mitigation of risk as well as the cultivation of a framework of practices that enables a balance of commercial considerations with the risk excellence objectives established by business leadership.

Candidates will be experienced in sound risk management and governance practices with firsthand experience working in a highly regulated trading business.

They will partner across stakeholder groups to enhance risk, control, and operational management capabilities, improve the efficacy of the control environment, and better respond to regulatory guidance/mandates through the implementation of uniform governance and risk management practices.

Who Are We?

Business Risk Management is a valued partner to State Street executives and senior leadership of Business Units and Corporate Functions with respect to the identification, assessment, and mitigation of risk.

Business Risk Management drives a culture of risk excellence and constant transformation within our Business Units and Corporate Functions, making relentless forward progress with respect to the reduction of residual risk.

Who Do We Serve?

Business Risk Management serves State Street's clients, leadership, and employees by designing a strong internal control environment and providing assurance of its effectiveness to our Board.

The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

Why this role is important to us

Business Risk Management aligns Business Units and Corporate Function risk management practices with firmwide risk and control objectives, assisting senior leadership with balancing risk management and business unit performance.

What you will be Responsible For

• Review control gaps and weaknesses that could lead to financial, reputational and or regulatory exposure and ensures they are getting the appropriate level of attention.


• Keep apprised of emerging risks through review of regulatory enforcement actions, business change initiatives, attendance at Risk forums/ committees, industry trade groups.


• Collaborative partner with Compliance, ERM in assessment of control design and effectiveness using business knowledge to ensure control strength is commiserate with the risk being mitigated.


• Review and prioritizes with the business any serious control weakness identified through incidents or control assurance reviews. This includes ensuring adequate resources are dedicated, remediation timeline is appropriate given the risk, and whether tactical steps are necessary.


• Provides guidance to Business Teams on risk prioritize and allocation of time and resources.


• Place appropriate level of pressure and sense of urgency on management to resolve high rated issues.


• Ensure second and third line of defense partners are aware of changes in risk environment and where there are new emerging material risks.

These skills will help you succeed in this role

• Possess 15-20 years of experience in risk, compliance, and/or audit functions within a trading and or portfolio management function, preferably with firms operating broker-dealers.


• Independent strategic thinker with an understanding of regulatory, operational, market, and technology risks in financial services, preferably within trading functions.


• Strong organizational awareness with ability to facilitate and resolve conflicts; ability to make informed, risk optimized decisions under time pressure.


• Demonstrated success as a change agent that possesses both superior relationship management and communications/influencing skills across all levels of a global and complex organization; ability to execute on goals and objectives under challenging circumstances.


• Attention to detail and a propensity to drive issues toward resolution.


• Keen awareness and appreciation for teamwork and collaboration


• Superior verbal and written communication skills; it is vital that the candidate possess the ability to articulate complex thoughts in a cogent, linear, and method-driven manner and to assimilate information for senior executives concisely and appropriately for the situation at hand.


• FINRA Licenses highly desired: Series 7, 63, 24, desired.

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

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.

Salary Range:
$135,000 - $210,000 Annual

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.