State Street India
State Street India | Business Audit - Assistant Vice President
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Job Highlights
Responsibilities
- We are looking for an, AVP to join State Street’s Corporate Global Delivery Audit Team.
- In this role, you will operate as part of dynamic and cross functional teams responsible for the execution of individual audit engagements.
- You will also play a role in the onboarding and coaching of junior staff and support various departmental initiatives.
- This role is based out of Bengaluru, Karnataka & Mumbai, Maharashtra.
- The team you will be joining plays an important role in the overall success of the organization.
- To make that happen we need teams like yours to help navigate employees and the organization as a whole.
- In your role, you will help us build resilience and execute day to day deliverables at our best.
- Working under the direction of audit project lead, you will carry out a variety of responsibilities, which include: interfacing with business partners, executing control design assessments and operational effectiveness testing, developing audit test conclusions and drafting summary observations.
- Perform audit work in line with the Division’s risk-based methodology and the Institute of Internal Auditor’s standards to identify and understand risk; determine control objectives; and evaluate whether controls sufficiently address identified risks through various testing techniques.
- Draft audit issues that clearly outline the identified issue and underlying root cause.
- Review corrective actions taken by management to improve deficient conditions.
- Escalate potential issues / obstacles to audit management along with proposed solutions.
- Develop and maintain understanding of internal State Street products and processes as well as relevant industry and regulatory topics.
- Develop relationships with audit clients and business partners across the lines of defense; serve as the primary audit contact for assigned area in individual audit engagements.
- Contribute to change initiatives through active participation in working groups and adoption of practices in day-to-day responsibilities.
- Assist in the onboarding of audit staff.
Education & preferred qualifications
- 10-14 years of experience in Public Accounting, Internal Auditing, focusing on Financial Services – custody, asset management, capital markets, alternative investments, etc.
- Advanced degree or certification (CFA, FRM, CPA, CIA, CA) preferred. (CISA is a plus).
- Experience in auditing information technology general controls.
- Ability to clearly demonstrate proficiency in evaluating business processes, identifying inherent risk and testing associated internal controls.
- Excellent communication (written and verbal), interpersonal and presentation skills
- Proven ability to research, interpret and apply regulatory requirements.
- Fluency in English - written and spoken.
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.
