Business Auditor, Assistant Vice President, Hybrid

Overview

We are looking for a Business Auditor, Assistant Vice President to lead audit engagements focused in the core banking areas, such as custody, depositary services and fund accounting. The role will include also assignments to audits related to Corporate Functions and other areas of the bank depending on need. In this role, under the direction of senior audit management, you will oversee individual audit engagement and lead assigned teams through all aspects of the audit (i.e. planning, assessments, testing and reporting). You will also play a critical role in the ongoing development of audit staff and support various departmental initiatives.

This role is based in Milan in hybrid working model and will require collaboration with global teams.

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; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. In your role, you will help 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.

Responsibilities

As a Business Auditor, Assistant Vice President you will :

• Plan, oversee and execute audits according to the Division’s risk-based audit methodology, other internal standards and industry practices.
• Supervise and direct the execution of risk and control assessments, along with the effective and efficient testing of key controls.
• Review audit workpapers to ensure execution in line with internal standards and that conclusions are properly supported.
• Draft audit reports that clearly communicate overall conclusion, including : key risks, identified issues and their root cause, and impact on overall business strategy.
• Work in partnership with business area management to communicate expectations and manage any project issues that may arise during the audit engagement.
• Escalate potential and identified issues to senior management timely and work with business management to develop and negotiate solutions.
• Develop and maintain a thorough understanding of assigned areas of responsibility, including key technology, products, organizational activities, regulatory environment and global footprint.
• Establish and maintain strong and effective client relationships with business management across the lines of defense and assist management in understanding and implementing / maintaining internal control principles.
• Contribute to change initiatives through active participation in working groups and adoption of practices in day-to-day responsibilities.
• Coach and mentor audit staff as part of their ongoing development.

What we value

These skills will help you succeed in this role :

• The ability to operate in a complex, non-routine and fast-paced environment that requires working independently and as part of a team.
• Experience in developing and managing project strategy, leading team efforts, overseeing deliverables, resolving issues and prioritizing actions
• Ability to clearly demonstrate proficiency in critically evaluating business processes, identifying inherent risk and testing associated internal controls.
• A high degree of professionalism and proficient organizational, analytical, problem solving and project management skills.
• Excellent communication (written and verbal), interpersonal and presentation skills
• Proven ability to research, interpret and apply regulatory requirements.
• Fluency in English - written and spoken.

Education & Preferred Qualifications

• 6+ years of experience in Public Accounting, Internal Auditing, focusing on Financial Services – e.g., custody, fund accounting, asset management, investment management, etc.
• Bachelor / Master’s degree, preferably in finance, accounting or related field.
• Advanced degree or certification (ACA, ACCA, CFA, FRM) preferred.
• Experience executing or auditing fund accounting, depositary bank and custody services. Experience in auditing information technology general controls preferred or associated with professional qualification (e.g. CISA).

Additional requirements

While the majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates.

Are you the right candidate? Yes!

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.