Business Risk Manager, UK, Vice President

State Street; City Of London; Hybrid; GBP 75,000 - 95,000; Full time

Job summary

A leading global financial services firm is seeking an experienced operation risk manager. In this role, you will oversee Business Risk Management for UK Contracted Clients, implement a risk management framework, and support senior management in risk decision-making. The ideal candidate has over 7 years of experience in financial services, particularly in operational risk management, and a strong understanding of UK regulations. Flexible working options are available.

Benefits

Inclusive development opportunities

Flexible work-life support

Paid volunteer days

Responsibilities

• Be responsible for effective Business Risk Management for UK Contracted Clients.
• Implement a robust risk management framework aligned with global practices.
• Ensure accurate and timely reporting of risk information to management.
• Become a valued partner providing input on risk and controls.
• Lead and provide managerial support to direct reports.
• Act as Depute for local Head of Business Risk.

Skills

Collaborative

Ability to influence

Strategic mindset

Excellent Communication skills

Leading and developing team

Ability to think on your feet

Effective mentor and coach

Education

Minimum 7 years’ experience within a Risk or Compliance role

Operational Risk Management experience or qualifications

Knowledge of UK regulatory frameworks

Knowledge of UK products with focus on Back and Middle Office

Ability to lead a team

Job description

Who we are looking for:

This role requires an experienced operation risk manager with more than 7 years’ experience in similar financial services and servicing/operational roles. The successful candidate will report to the Head of Business Risk in the UK and act as a primarly contact for Risk and Control matters for local senior management and work with BRM Global and Functionally aligned teams located across State Streets global footprint. They will be responsible for effective FLOD Business Risk Management for UK Contracted Clients primarily covering Global Delivery, Chief Commercial Office and UK Legal Entity requirements.

The role can be based in Edinburgh or London.

Why this role is important to us:

The current remit of Business Risk Management (BRM) in the UK is to provide a wholistic view of Risk and Control matters via a robust FLOD Risk Framework.

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

What you will be responsible for:

• Be responsible for effective FLOD Business Risk Management for UK Contracted Clients primarily covering Global Delivery, Chief Commercial Office and UK Legal Entity requirements. To achieve this outcome the in country BRM team will work across global, functional and local BRM teams to provide a consolidated view of all relevant risk and control matters to enable local regulatory requirements to be met and operational risks understood.
• Implement and execute on a robust, industry-standard risk management framework for the activities in the location, in alignment with the methodology and practices employed globally by BRM. As the UK representative, address UK specific regulations and LE requirements in the global BRM discussions and ensure they are considered in the risk management programs.
• Act in an advisory capacity and ensure the accurate and timely reporting of risk information to management to make informed risk decisions. This includes, but is not limited to Issues Management, Incident Management, Risk Assessment (RCSA / LERA), Risk Reporting, Key Risk Indicators, Control Environment, Client Reporting, Due Diligence, Policy and Regulatory Change.
• Become a valued partner to our Business by providing input/advising on risk and controls as relates to the specific business function and/or legal entity. Understand the needs of senior management to actively and effectively drive results and outputs that are in line with the business risk management framework. Drive a risk culture of timely identification and escalation.
• Lead and provide managerial support to individuals in direct reporting line.
• Act as Depute for local Head of Business Risk.

These skills will help you succeed in this role:

• Collaborative
• Ability to influence, obtain buy in and drive implementation of decisions
• Strategic mindset linking multiple aspects and initiatives to drive a wholistic view of the risk and control environment
• Excellent Communication skills
• Leading and developing team
• Ability to think on your feet (providing critical input and views)
• Being an effective mentor and coach

Education & Preferred Qualifications:

• Minimum 7 years’ experience within a Risk or Compliance based / financial services role
• Operational Risk Management experience or qualifications
• Knowledge of UK regulatory frameworks and obligations
• Knowledge of UK products with a focus on Back and Middle Office, example Custody, Fund Accounting
• Ability to lead a team

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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