Risk Manager Risk Manager …

State Street Bank
in Boston, MA, United States
Permanent, Full time
Be the first to apply
State Street Bank
in Boston, MA, United States
Permanent, Full time
Be the first to apply
Risk Manager
IT Business Risk Manager Boston, Massachusetts/en-US/Global/job/Boston-Massachusetts/IT-Business-Risk-Manager_R-620871-1/apply


Background to appointment

State Streets Global Markets (SSGM) business has established a Business Control function that is focused on mitigating risk from within the first line of defense by providing oversight of business risks, central management of control programs and risk governance, establishment of reporting, implementation of corporate programs and business solutions for risks related to information security, privacy, conflicts of interest, ethics, complaints, and fraud.

the role

The purpose of the role is to support the Global Markets business with the following activities:

  • Appropriate assessment and effective management of IT and technology risks associated with the first line of defenses activities
  • Execution of effective first line IT and technology risk and control management
  • Identification of IT and technology issues and control improvements for remediation and implementation of timely corrective actions

A successful candidate will liaise on a regular basis with the Global Markets business and IT teams, Enterprise Technology Risk Management, Compliance, Audit and Global Technology Services (GTS). 

This role provides a unique opportunity to gain exposure to a number of risk disciplines by working across the Global Markets first line of defense risk team to lead the resolution of issues associated with IT, information security, operational, and regulatory risks, participate in the new integrated risk assessment process, and support corporate projects including implementation of the Archer Governance Risk and Compliance (GRC) tool.

A successful candidate will need to take initiative, exercise independent thinking, juggle multiple tasks, and meet deadlines in a fast-paced environment.  The IT Business Risk Manager must have strong interpersonal and organizational skills and be interested in working in a professional and team-oriented environment. 

the responsibilities

Global Markets IT Business Risk Manager will be responsible for improving the IT control environment and supporting implementation of corporate projects. The role will be expected to understand corporate policies and programs and have the opportunity to work with risk professionals across State Street to leverage existing solutions and share best practices. In addition, this position will help ensure that adequate and effective controls are in place to manage and mitigate technology risks.

The IT Business Risk Manager will have the following principal duties and responsibilities:

  • Participate in the assessment of SSGM  IT risks and the internal control infrastructure including the identification and analysis of IT controls that are applicable across SSGM businesses and determination of residual risk
  • Become proficient in the State Street risk and control methodology to assess, manage, and control risk
  • Support the development and implementation of a corporate governance, risk, and compliance (GRC) tool to enable the submission, tracking, and reporting of risks and controls, issues, assessments, and regulatory compliance
  • Provide advice, guidance, and support regarding IT risks, control design and effectiveness, and ongoing control monitoring and testing activities
  • Actively lead and participate in IT risk management projects
  • Lead discussions regarding first line IT risk management regarding specific risks, including but not limited to  risk ratings, controls, and issue management
  • Support Global Markets Business Control Executive and Business Risk Managers in the implementation of key IT compliance and information security policies and standards
  • Participate in the new integrated risk assessment process
  • Work with Global Technology Services, Compliance, Corporate Information Security, and Enterprise Risk Management to provide feedback on policies and standards, understand best practices, and support GM compliance

    Preferred Experience

  • Bachelors degree
  • 8-10 years IT or business risk, information security, and/or audit experience
  • Knowledge of IT risk best practices within the financial services industry,
  • Knowledge of Global Markets businesses and applications
  • Experience in a global organization a plus
  • Strong organizational skills and ability to multi-task
  • Communication, influencing, and collaboration skills
  • Strong Excel and Microsoft Office skills
Posted YesterdayFull timeR-620871

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