Job Description

Who we are looking for

We are looking for an audit professional, who understands risk and control and can execute the entire audit execution life cycle. The ideal candidate should possess experience in risk management and/or audit of the Banking / Financial Services Industry. In this role you will be based in Bangalore, India. This role will be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

This role is in the Enterprise Risk Management Audit Team, which provides assurance coverage over Financial risks.  Enterprise Risk Management provides independent risk oversight over State Street’s business activities. The Financial Risks include Market, Credit (including Trading Credit), Interest Rate Risk and Liquidity.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. To make that happen, we need high performing teams, 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. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

• Execute audits and control consulting engagements using a risk-based audit methodology of State Street Corporate Audit that evaluates management and operating practices.

• Execute audit planning, field work and reporting phases of the audit along with the Audit Team. Further, the role will also require the Audit Officer to prepare reports, communicating findings and recommendations to Audit Manager/Senior Manager and business function senior management.  

• Play a role in the Issue and Action Plan closure and management process and support the Audit Manager / Senior Manager.

• Ensure that assigned work is completed in compliance with the State Street Corporate Audit Methodology and Institute of Internal Auditor standards.

• Present audit execution and testing results to line manager and senior management.

• Facilitate effective communication and coordination with key stakeholders at all levels.

• Develop a thorough understanding and knowledge base of the Company’s operations, establish effective business relationships within the Company and assist in the understanding and adaptation of internal control principles.

• Maintain a current knowledge of audit industry practices and ensure best practices are always considered.

• View control issues and concerns from the perspective of both the Audit Committee and Senior Management.

• Participate in various special projects.

What we value

These skills will help you succeed in this role

• Strong knowledge and understanding of Financial Risks, including Market, Credit (including Trading Credit), Interest Rate Risk or Liquidity.

• Strategic thinking focused on developing innovative solutions to optimize execution approaches while maintaining efficiency.

• Strong critical thinking, problem solving, and decision-making skills

• The candidate requires good analytical, interpersonal, time management, presentation, research and communications skills both written and verbal.

• The candidate must be able to multitask and effectively work with new and changing situations, including new industry regulations, where there may not always be a readily apparent solution.

• Display a high degree of professionalism and leadership and possess proficient organizational, analytical and project management skills

• Demonstrate knowledge of financial and operational internal control methodologies and terminologies, process and control industry standards; risk management practices and techniques; and internal audit process, technology and tools for planning, design, performance, testing and reporting.

• Demonstrates the ability to positively influence others while thriving in a dynamic, fast-paced environment.

• Work independently and as part of a team.

Education & Preferred Qualifications

• 5+ years of experience in Internal Audit, Risk Management, or related functions within financial services, including custody bank.  

• Bachelor’s degree, preferable in finance, accounting or related field.

• Advanced degree (CFA, FRM, CPA) preferred.

• Experience executing or auditing Financial Risk. 

• Strong understanding of global regulatory expectations and industry standards impacting financial risks.

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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