Role Summary:

The AVP, Operational Risk – International Capital, will contribute to the advancement of a global coordination and oversight program for the ICAAP/ICARA economic capital and risk assessments program to ensure operational risk capital at the legal entities level is synchronized and right-sized relative to the parent company.   The role holder will have the opportunity to develop as a senior subject matter expert for Operational Risk Capital Scenario workshops and modelling.  The role holder will also contribute to the development and execution of an operational risk internal stress testing program in partnership with Global Treasury Risk Management, and a Business Line Scenario Analysis program.

The role will report directly to the Managing Director, Head of Operational Risk Capital and Stress Testing, and Scenario Analysis.  This role sits within the Operational Risk Foundational Programs team.  This team is part of the second line of defense within Enterprise Risk Management.

The role is global in nature and will require excellent communication, negotiation and partnership skills in order to influence a wide variety of stakeholders.

What you will be responsible for

• Play a leading role in enhancing a global coordination and oversight program for ICAAP / ICARA economic capital
• Updating and enhancing ICAAP / ICARA scenario analysis methodologies, and training materials for scenario analysis workshop facilitators and participants
• Assist ICAAP / ICARA scenario analysis workshop facilitators in the delivery of training to workshop participants
• Participate in and contribute to Legal Entity Capital scenario analysis workshops supporting ICAAP and ICARA
• Assist with the Review and Challenge of Legal Entity scenario quantifications
• Assume Model Owner responsibilities for all operational risk models that support the ICAAP / ICARA capital estimation process, in line with Model Risk Management requirements
• Facilitate the delivery of data to ICAAP / ICARA model users to enable operational risk capital measurement
• Support Model Risk Management and Corporate Audit reviews of ICAAP / ICARA models and results
• Contribute to other team priorities, including but not limited to the annual CCAR stress test

What we value

These skills will enable your success in the role:

• Strong attention to detail, ability to see tasks through to completion
• Proactive attitude, with strong communication skills
• Ability to meet challenging deadlines in a dynamic environment
• Strong aptitude for learning new skills
• Ability to independently prioritize and manage multiple projects concurrently
• Capable of leading discussions with stakeholders and colleagues in different regions and time zones given global nature of role

Education and Preferred Qualifications:

• Equivalent to a university degree in finance, business, accounting or related field; advanced degrees and professional certifications valued; equivalent to a CPA certification highly valued
• Minimum of five years of relevant experience in financial services; operational risk / Finance focus preferred
• Subject matter expertise in operational risk and related modeling concepts

Minimum Salary:​

The minimum salary quoted above applies to the role in the primary location specified. If the candidate ultimately works outside of this primary location, the applicable minimum salary may differ.​

Salary will be determined based on factors such as the position, type of work performed, individual skills, job description, working hours, diligence, initiative, self-management, length of employment, availability, and the quantity and quality of work delivered, as well as other objective and non-discriminatory criteria relevant to State Street employees.​

In addition to salary, employees are eligible to be considered for discretionary annual performance-based awards.​

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We Offer:​

• Permanent contract from day one​

• Additional holidays (Birthday Day Off, 3rd and 5th year anniversary Day Off)​

• Gold Medical Package for employees and their families (partner and children)​

• Premium life insurance package and private pension plan​

• Wide range of soft skills training, technical workshops, language classes and development programs​

• Opportunities to volunteer your time to company-driven initiatives, employee networks or organizations of your choice​

• Variety of well-being programs​

• Additional benefits available depending on the seniority of the role

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

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.

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