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About the Role

This role oversees the development, direction, and management of operational risk management frameworks for State Street SSBTC London Branch and its affiliate legal entities in the UK. The candidate will serve as a risk advisor for UK Legal Entities, reporting to the Chief Risk Officer for UK (SMF4), ensuring risk programs meet all relevant requirements and collaborating with various control functions.

Responsibilities

• Lead the development, implementation, and enhancement of UK specific risk management frameworks, policies, and standards, focusing on ORM, Third Party risk management, and Climate Risk, ensuring alignment with PRA/FCA regulatory obligations and industry best practices.
• Provide risk advisory and oversight to assigned UK Legal Entities as a delegate of SMF 4, including oversight of the ICAAP/ICAARA process.
• Manage oversight of UK Third-Party Risk, including internal intercompany outsourcing, reviewing and challenging risk assessments and exit strategies for service providers supporting UK LEs.
• Manage ORM oversight of strategic Change Management initiatives impacting relevant UK legal entities, including mergers, acquisitions, lift outs, and new product approvals.
• Manage oversight of the global climate risk management program, including UK climate risk management policy, priorities, and disclosures.
• Support Corporate ORM on global ORM framework design and advancement, communicating UK regulatory expectations for consideration in global standards.
• Manage oversight of operational risk management programs to ensure effective identification, measurement, control, and management of risks for all relevant UK legal entities.
• Support communication and escalation of trends, insights, emerging risks, key issues, and information to senior management and across the three lines of defense.
• Provide risk reporting to relevant UK business units, management committees, and legal entity boards.
• Promote and support a culture of effective challenge and drive a risk-aware culture throughout the organization.
• Take reasonable decisions by exercising reasonable care when considering available information, including proactive action to ensure information is suitable and adequate.
• Maintain understanding of UK legal and regulatory developments and their impact on State Street’s business operations and support related to regulatory initiatives.
• Coordinate and collaborate with other control functions and audit.
• Develop and deliver risk management presentations internally and to clients.
• Maintain the highest standards of conduct and integrity, ensuring compliance with industry practice, company policies, and regulatory requirements.
• Promote the development of a risk culture within the business and ensure business line accountability for risk management and measurement.
• Support a culture of effective challenge.

Requirements

• Bachelor’s degree or equivalent.
• 15+ years risk experience and experience in the subject matter relevant to the role.
• Proven interpersonal and communication skills.
• Strong organization, project management, and leadership skills.
• Demonstrated analytical and problem-solving skills.
• Demonstrated decision-making skills.
• Team player with strong influencing skills.
• Ability to negotiate, influence, and build consensus.
• Ability to develop and maintain strong business relationships within the business unit and across the corporation.

Skills

• Operational Risk Management
• Third Party Risk Management
• Climate Risk Management
• Risk Advisory
• Regulatory Compliance (PRA/FCA)
• ICAAP/ICAARA
• Change Management Oversight
• Mergers and Acquisitions
• New Product Approvals
• Risk Reporting
• Interpersonal Skills
• Communication Skills
• Organization Skills
• Project Management Skills
• Leadership Skills
• Analytical Skills
• Problem-Solving Skills
• Decision-Making Skills
• Influencing Skills
• Negotiation Skills
• Consensus Building
• Business Relationship Management

Location

• London, UK

Work Type

• Full-time

Experience Level

• 15+ years

Education Level

• Bachelor's degree or equivalent

Benefits

• Inclusive development opportunities
• Flexible work-life support
• Paid volunteer days
• Vibrant employee networks

About the Company

• Across the globe, institutional investors rely on State Street to help them manage risk, respond to challenges, and drive performance and profitability.
• State Street is committed to fostering an environment where every employee feels valued and empowered to reach their full potential.

Equal Opportunity

• 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.