Financial Risk, Enterprise Risk Management Audit, Officer
State Street · Posted Nov 4
Investment servicing, custody, asset management, and trading solutions for institutional investors
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About the role
The Enterprise Risk Management Audit Team at State Street provides independent assurance over the effectiveness of risk management and controls across the firm's Financial Risk disciplines, while Corporate Audit provides independent assurance that risks are identified, measured, monitored, and governed effectively. The role covers Financial Risk domains including Market Risk, Credit and Trading Credit Risk, Interest Rate Risk, Liquidity Risk, and Capital Risk. This Officer position applies Financial Risk expertise to execute risk-based audits across the full audit lifecycle — planning, fieldwork, testing, reporting, and issue validation — and is based in Bangalore under a hybrid model.
What you will do
- Execute risk-based audits and assurance reviews covering one or more Financial Risk disciplines, including Market Risk, Credit or Trading Credit Risk, Interest Rate Risk, Liquidity Risk, and Capital Risk.
- Participate in all phases of the audit lifecycle, including risk assessment, planning, process walkthroughs, control evaluation, testing, issue development, reporting, and follow-up.
- Apply Financial Risk subject-matter expertise to assess the design and effectiveness of risk-management processes, governance, methodologies, reporting, and controls.
- Identify control weaknesses, emerging risks, and opportunities to strengthen risk-management practices.
- Present audit observations, testing results, and recommendations to Audit Managers, Senior Audit Managers, and relevant business and risk-management stakeholders.
- Prepare clear, concise, and well-supported audit documentation, findings, reports, and other deliverables.
- Support the management, validation, and closure of audit issues and corrective action plans.
- Execute assigned work in accordance with State Street Corporate Audit methodology and applicable Institute of Internal Auditors standards.
- Develop effective relationships with stakeholders across Corporate Audit, Enterprise Risk Management, and relevant business functions.
- Maintain current knowledge of Financial Risk methodologies, regulatory expectations, emerging risks, and industry practices.
- Contribute to thematic reviews, regulatory work, and other special projects as required.
Skills used in this role
What the employer is looking for
- Five or more years of relevant experience in banking or financial services.
- Demonstrated experience in at least one Financial Risk discipline, such as: Market Risk, Credit or Trading Credit Risk, Interest Rate Risk, Liquidity Risk, and Capital Risk
- Experience may come from Financial Risk management, trading, product control, risk reporting, Internal Audit, assurance, or another closely related function.
- Strong understanding of Financial Risk concepts, methodologies, governance, controls, and applicable regulatory expectations.
- Ability to analyze complex risk information, identify key control considerations, and communicate conclusions clearly.
- Strong written and verbal communication skills, including the ability to present technical risk matters to audit and business stakeholders.
- Bachelor’s degree in finance, accounting, economics, business, mathematics, or another relevant field.
Preferred qualifications
- Experience executing or supporting audits, assurance reviews, control testing, regulatory examinations, or independent risk assessments.
- Previous experience auditing one or more Financial Risk disciplines.
- Experience within a bank, custody bank, capital-markets organization, or other regulated financial institution.
- Familiarity with risk-based audit methodology, audit documentation, issue development, and corrective-action validation.
- Knowledge of global regulatory expectations and industry standards applicable to Financial Risk.
- CFA, FRM, CPA, CIA, or another relevant professional certification.
- Advanced degree in finance, accounting, economics, business, mathematics, or a related field.
Benefits and support
- inclusive development opportunities
- flexible work-life support
- paid volunteer days
- vibrant employee networks
About State Street
State Street Corporation is a leading global financial services holding company providing institutional investors with investment servicing, investment management, and investment research and trading. Operating in more than 100 geographic markets worldwide, the company manages and administers trillions of dollars in assets through its core divisions like State Street Global Advisors and State Street Alpha. Headquartered in Boston, Massachusetts, it traces its origins back to 1792.
- Industry
- Financial Services
- Company size
- 51000+ employees
- Founded
- 1792-06-25
- Location
- Boston, Massachusetts, USA
- Funding stage
- Public Company
Leadership
Chairman and Chief Executive Officer
John Woods
Chief Financial Officer
Mostapha Tahiri
President of State Street Alpha & Chairman of Asia Pacific
Ann Fogarty
Enterprise Chief Operating Officer
President and Chief Executive Officer of State Street Investment Management
Recent coverage
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Business Wire
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