State Street India
State Street India | Financial Risk, Enterprise Risk Management Audit, Officer
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Job Highlights
Responsibilities
- We are looking for a Financial Risk professional with experience in one or more areas including Market Risk, Credit or Trading Credit Risk, Interest Rate Risk, Liquidity Risk, or Capital Risk.
- The ideal candidate may come from either a Financial Risk or Internal Audit background.
- In this role, you will apply your Financial Risk knowledge to execute risk-based audits across the full audit lifecycle, including planning, fieldwork, testing, reporting, and issue validation.
- You will join the Enterprise Risk Management Audit Team, which provides independent assurance over the effectiveness of risk management and controls across State Street’s Financial Risk disciplines.
- In this role, you will bring Financial Risk expertise to audits covering areas such as Market Risk, Credit and Trading Credit Risk, Interest Rate Risk, Liquidity Risk, and Capital Risk.
- Execute risk-based audits and assurance reviews covering one or more Financial Risk disciplines, including Market Risk, Credit or Trading Credit Risk, Interest Rate Risk, Liquidity Risk, and Capital Risk.
- Participate in all phases of the audit lifecycle, including risk assessment, planning, process walkthroughs, control evaluation, testing, issue development, reporting, and follow-up.
- Identify control weaknesses, emerging risks, and opportunities to strengthen risk-management practices.
- Present audit observations, testing results, and recommendations to Audit Managers, Senior Audit Managers, and relevant business and risk-management stakeholders.
- Prepare clear, concise, and well-supported audit documentation, findings, reports, and other deliverables.
- Support the management, validation, and closure of audit issues and corrective action plans.
- Execute assigned work in accordance with State Street Corporate Audit methodology and applicable Institute of Internal Auditors standards.
- Develop effective relationships with stakeholders across Corporate Audit, Enterprise Risk Management, and relevant business functions.
- Maintain current knowledge of Financial Risk methodologies, regulatory expectations, emerging risks, and industry practices.
- Contribute to thematic reviews, regulatory work, and other special projects as required.
Requirements
- Five or more years of relevant experience in banking or financial services.
- Demonstrated experience in at least one Financial Risk discipline, such as: Market Risk, Credit or Trading Credit Risk, Interest Rate Risk, Liquidity Risk, and Capital Risk.
- Experience may come from Financial Risk management, trading, product control, risk reporting, Internal Audit, assurance, or another closely related function.
- Strong understanding of Financial Risk concepts, methodologies, governance, controls, and applicable regulatory expectations.
- Ability to analyze complex risk information, identify key control considerations, and communicate conclusions clearly.
- Strong written and verbal communication skills, including the ability to present technical risk matters to audit and business stakeholders.
- Experience executing or supporting audits, assurance reviews, control testing, regulatory examinations, or independent risk assessments.
- Previous experience auditing one or more Financial Risk disciplines.
- Experience within a bank, custody bank, capital-markets organization, or other regulated financial institution.
- Familiarity with risk-based audit methodology, audit documentation, issue development, and corrective-action validation.
- Knowledge of global regulatory expectations and industry standards applicable to Financial Risk.
- Advanced degree in finance, accounting, economics, business, mathematics, or a related field.
- Strong Financial Risk subject-matter expertise is essential, while prior audit, assurance, control testing, or regulatory review experience is advantageous.
About the company
State Street
State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.
In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.
