Central Assurance, Officer Boston, Massachusetts/en-US/Global/job/Boston-Massachusetts/Central-Assurance--Officer_R-623163/apply
State Streets Business Control function focuses on mitigating risk from within the first line of defense (FLoD) through control monitoring and enhancement. The Central Assurance Program Team under the Business Controls Program Office is a critical component of Risk Management. In this role, the successful candidate will report to the Central Assurance Team Lead and will work collaboratively with business-aligned Controls Assurance Teams, Enterprise Risk Management, Compliance Managers, Business Process Owners and Audit thereby complementing and building on the control and risk infrastructure already in place. The Central Assurance Team Member is expected to review and evaluate end-to-end processes, identify and document key controls, and assess whether internal controls over regulatory and operational risks are properly designed and operating effectively. This position is perfect for an individual with a strong interest in joining a top tier financial services firm and has experience with risk assessment and internal control methodology. The successful candidate must be able to thrive in a fast paced environment, learn superior project management skills, and already possess strong customer service capabilities. It is expected that in this role the candidate will need to dig deep and learn end-to-end compliance processes and the underlying regulatory requirements.
Identify and evaluate business, operational and regulatory risks, internal controls which mitigate risks, and related opportunities for internal control improvement
Ability to understand and apply the principles of FLODs Business Controls Assurance methodology and guidance
Assess end to end business process, existing internal controls and risk challenges, and assist in recommending appropriate risk approaches
Use problem solving and critical thinking skills to identify internal control deficiencies, evaluate their risk implications and impact by performing root cause analysis
Ability to document end to end business through development of process narratives, flow charts, risk control matrices and internal control deficiency listing
Collaborate with business-aligned Compliance Managers or Business Executives to evaluate and understand business processes and applicable regulatory requirements
Monitor and report on remediation steps and the status of corrective action plans from internal control review findings
Provide support to the first line in developing risk assessments and internal control framework in all areas of operational risk, regulatory risk, emerging risk and fraud risks
Establish strong relationships with key functional teams including FLOD business lines, Operational Risk, Compliance, and Internal Audit
Build and nurture positive working relationships with stakeholders and develop high quality deliverables
Maintain the highest level of personal integrity in all dealings thereby mitigating reputational risk to State Street and its customers
Other tasks as required.
Bachelors degree in Finance, Accountancy, Business or related field
5+ years of work experience with internal control framework and methodology, internal audit, business process reviews and internal control design and operating effectiveness
Strong business writing and verbal communication skills with the ability to clearly and concisely present issues
Strong critical thinking skills and ability to manage ambiguous tasks, attention to details
Attention to details and strong organizational and time management skills
Strong analytical skills with demonstrated ability to exercise professional skepticism
Ability to work independently and collaboratively
Team Player and ability to effectively collaborate with individuals across business units/lines.
The following are strongly preferred:
Knowledge of COSO internal Control Integrated framework
Experience in the financial services sector
Certified Internal Auditor (CIA) and other related certification preferred
Knowledge of MS Office, MS Visio and RSA Archer preferred.
Posted 2 Days AgoFull timeR-623163
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Internal Number: 6341182
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