Business Risk Management (BRM), Vice President

STATE STREET CORPORATION; Easter Howgate; On-site; GBP 80,000 - 120,000; Full time

Job summary

A global financial services firm is seeking a Vice President to lead risk management for client deals. This role involves executing risk assessments and managing operational risks during the integration of new business initiatives. The ideal candidate will have a strong background in audit, operational risk, and stakeholder engagement. Opportunities for professional growth and flexible work arrangements are offered.

Benefits

Inclusive development opportunities

Flexible work-life support

Paid volunteer days

Qualifications

• Previous Audit and assurance review experience within financial services.
• Experience in operational risk including risk identification and control design.
• Strong analytical skills, capable of interpreting complex process flows.
• Effective communicator with cross-functional stakeholder experience.

Responsibilities

• Lead execution of the BRM Lift Out playbook for Project Maverick.
• Prepare necessary reporting on risk matters for steering committees.
• Conduct risk assessments and evaluate control effectiveness.
• Establish relationships with senior management to align on risks.

Skills

Audit and assurance review experience

Operational risk identification and control design

Risk and Control self assessments

Documentation skills

Cross-functional stakeholder engagement

Education

Relevant degree or equivalent experience

Tools

Archer

Job description

Overview

Who we are looking for

The Vice President (VP) will play a leadership role in the first line risk management of client deals, focusing on the assessment of risk during the deal lifecycle and the execution of process and control reviews. This role supports the integration of lift-out’s into the firm’s risk ecosystem, ensuring alignment with internal control standards and risk governance frameworks. This role relates specifically to Project Maverick and our UK Transfer Agency (TA) business expansion.

Why this role is important to us

The team you will be joining is a part of State Street Global Delivery (SSGD). SSGD gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGD’s tools help our clients make better investment choices and act on growth opportunities.

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

Responsibilities

What you will be responsible for

As Business Risk Management (BRM), Vice President you will:

• Lead and manage the execution of the BRM Lift Out playbook and Day 2 migration for Project Maverick

• Lead and manage BRM activities as required in relation expansion activities including the UK TA Business expansion which includes ZILO, our digital-first TA platform.

• Lead and / or participate in operational workshops and deal workstreams to review risks across all workstreams.
• Deliver a project specific Risk Register focused on risks identified for Day 1 and beyond assessing Inherent Risks; Residual Risk, taking into account mitigating actions.
• Prepare reporting on risk related matters to be presented to the project steerco and Lift Out Steerco as required
• Support operations as relates to risk acceptances and creation of issues as required ensuring that remediation plans are robust and aligned to expected standards

• Conduct walkthrough sessions for mapped processes and sub-processes to identify inherent risks and assess control design effectiveness.
• Evaluate the adequacy, coverage, and independence of controls, compiling gaps and recommending remediation actions
• Lead the execution of Risk Control Self-Assessments (RCSA)
• Contribute to uplift of control language to meet internal standards.

• Design and support the integration of lift-out projects into the firm’s risk governance and reporting processes.
• Coordinate with stakeholders to escalate material risks and ensure timely issue remediation and documentation.

• Develop and deliver training plans for risk excellence across lift-out functions.
• Lead and support the harmonisation of risk culture and communication protocols during transition and integration phases.

• Establish strong relationships and collaborate with Business Risk Management functions, SLOD (Risk and Compliance) , Audit, and other control teams to align review scope and avoid duplication.
• Establish strong relationships with Senior Management in the UK, EMEA and Global TA Function to support all FLOD Risk and Control matters as they relate to the UK TA Business
• Partner with workstream leads and project leads to ensure timely identification and escalation of risks, challenging and advising on proposed remediation and/or mitigation plans.

Qualifications

What we value

• Previous Audit and assurance review experience within financial services
• Experience in operational risk including risk identification and control design,
• Familiarity with Risk and Control self assessments , issue management platforms such as Archer and internal control standards.
• Strong analytical and documentation skills, with ability to interpret complex process flows and control frameworks.
• Effective communicator with experience in cross-functional stakeholder engagement.

Additional requirements

• Experience in lift-out or M&A integration projects.
• Understanding of a bank’s risk governance and control environment.
• Ability to work independently and manage multiple priorities under tight timelines.
• Knowledge of UK Regulatory Environment and Products

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.

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.

Discover more information on jobs at StateStreet.com/careers