Business Risk Manager

About the role

The Business Risk Manager will play a key role in the first line risk management of client deals, focusing on the assessment of risk during the deal lifecycle and the execution of process and control reviews. This role supports the integration of lift-out's into the firm's risk ecosystem, ensuring alignment with internal control standards and risk governance frameworks. This role relates specifically to Project Maverick and our UK Transfer Agency (TA) business expansion.

Key Responsibilities:

As a Business Risk Manager you will:

• Support the execution of the BRM Lift Out playbook and Day 2 migration for Project Maverick
• Support BRM activities as required in relation to the various business expansion activities including UK TA Business expansion which includes ZILO, our digital-first TA platform.
• Support and participate in operational workshops and deal workstreams to review risks across all workstreams.
• Provide input into a project specific Risk Register focused on risks identified for Day 1 and beyond assessing Inherent Risks; Residual Risk, taking into account mitigating actions.
• Support with the preparation of reporting on risk related matters to be presented to the project steerco and Lift Out Steerco as required
• Support operations as relates to risk acceptances and creation of issues as required ensuring that remediation plans are robust and aligned to expected standards
• Support and participate in walkthrough sessions for mapped processes and sub-processes to identify inherent risks and assess control design effectiveness.
• Support with the evaluation of the adequacy, coverage, and independence of controls, compiling gaps and recommending remediation actions
• Support the execution of Risk Control Self-Assessments (RCSA)
• Contribute to uplift of control language to meet internal standards.
• Support the integration of lift-out projects into the firm's risk governance and reporting processes.
• Support the harmonisation of risk culture and communication protocols during transition and integration phases.
• Collaborate with Business Risk Management functions, Compliance, Audit, and other control teams to align review scope and avoid duplication.
• Partner with workstream leads and project leads to ensure timely identification and escalation of risks, challenging and advising on proposed remediation and/or mitigation plans.

What we value:

Qualifications & Experience:

• Previous Audit and assurance review experience within financial services
• Experience in operational risk including risk identification and control design,
• Familiarity with Risk and Control self assessments , issue management platforms such as Archer and internal control standards.
• Strong analytical and documentation skills, with ability to interpret complex process flows and control frameworks.
• Effective communicator

Preferred Attributes:

• Understanding of a bank's risk governance and control environment.
• Ability to work independently and manage multiple priorities under tight timelines.
• Knowledge of UK Regulatory Environment and Products

What 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
• Cafeteria system
• 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

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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