Global Treasury EMEA FLOD - First Line Risk Consultant, VP

  • Location: London, England, United Kingdom
  • Salary: Competitive
  • Job Type: Full time

State Street Global Treasury EMEA First Line of Defense – First Line Risk Consultant, VP Background to appointment Global Treasury is building its First Line of Defense (FLOD) function to focus on implementing and managing the Global Treasury FLOD program and developing its business as

State Street

Global Treasury EMEA First Line of Defense – First Line Risk Consultant, VP

Background to appointment

Global Treasury is building its First Line of Defense (FLOD) function to focus on implementing and managing the Global Treasury FLOD program and developing its business as usual (BAU) state. In order to mitigate risk within the first line of defense, staff will support the various components of the program through risk assessment, control development, monitoring and enhancement, reporting, training, and talent development.

the role

The purpose of the role is to support the Global Treasury First Line of Defense function:

  • Support the implementation of the First Line of Defense (FLOD) framework in Global Treasury in EMEA
  • Primary responsibilities will be to help establish and drive Global Treasury efforts to meet the established Corporate timelines and implementation plan, through leadership and coordination of first line priorities and activities across Global Treasury in EMEA
  • Focus on first line risk management, including but not limited to risk ratings, (where applicable), validating controls with the business, evaluating control design, and issues management
  • Actively support and update the implementation schedule, oversight, and maintaining the risk management framework
  • Take responsibility, and be accountable to management, for appropriately managing risks associated with the first line of defense’s activities
  • Maintain effective risk and control management programs
  • Help support and build out BAU processes, self-identify risk and compliance issues, analyze root causes, and implement timely corrective actions

    The successful candidate will report to the Global Treasury Business Controls Executive in Boston, MA and will liaise on a regular basis with the Global Treasury teams in EMEA and the Corporate FLOD PMO working group, Compliance, Enterprise Risk Management, and Audit thereby complementing and building on the control and risk infrastructure already in place.

the responsibilities

  • Under limited supervision, provide direction to the Global Treasury business units in the region on various elements of the FLOD Policy
  • Independently conduct assigned responsibilities related to the FLOD Policy implementation and execute a range of complex tasks and analyses to support both business unit and department goals.
  • Support assessment activity and engagement protocol between first and second lines of defense
  • Support the build out of an GT EMEA operational risk controls inventory for inclusion in Global Treasury’s annual RCSA process
  • Enhance current governance structure which provides oversight for Global Treasury risk and to strengthen interactions with second and third lines of defense
  • Execute assurance reviews through control assessment and testing on behalf of the first line of defense
  • Participate in the process to align risk & control methodologies across all three lines of defense and propose specific methodology enhancements where applicable
  • Re-enforce an inherent culture of accountability and ownership for implementation and execution of controls across all levels and functions within the organization

    Preferred Experience

  • BS; MBA
  • 10+ years of related experience (Audit, Compliance or Risk)
  • Understanding of the relationship between risks and related controls, along with appropriate control design within a Global Treasury capacity
  • Experience in process and controls mapping methodologies
  • Development and execution of related test approaches
  • Knowledge of regulatory requirements in Global Treasury
  • Management and leadership skills
  • Communication, influencing, and collaboration skills
  • Strong excel skills