CAO, Senior Associate
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What you'll do
- Perform evaluation and operational effectiveness testing of internal controls on behalf of the First Line of Defence for all business lines and locations of State Street to support Business Risk Management (BRM) in assessing and continuously improving the bank’s control environment.
- Evaluate and test internal controls and apply risk-based assurance skills to business units globally on behalf of the BRM team.
- Perform walkthroughs and employ common control testing concepts, such as population identification and sampling, performing and documenting testing, identifying exceptions and the respective root causes as well as presenting issues to applicable parties.
What they're looking for
- 4 to 6 years of relevant experience in performing risk and control assessment, audit, or testing.
- Experience of assessing the design and operating effectiveness of controls to ensure compliance with relevant regulatory requirements and corporate policy and procedures.
- Good verbal and written communication skills in English to interact and maintain relationships with internal stakeholders including at relatively senior levels independently or with minimum supervision of Managers.
- Strong organizational and time management skills; ability to perform multiple simultaneous tasks independently in a deadline-driven environment as well as to manage own time in order to meet deadlines.
- Self-motivated and adaptable professional with the ability to prioritize competing priorities while meeting deadlines and support Managers in critical or complex controls testing requirements.
- Intellectual curiosity, analytical and critical thinking skills and an enthusiasm for learning and for developing skills.
- Proficiency in Microsoft Office suite (Word, Excel, Outlook).
Nice to have
- Complete or partial professional qualification in an audit or related field (e.g. ACCA, ACA, CIA, CFA etc).
- Some familiarity with common risk and control processes and aspects of securities trading, asset management, custody banking, or fund services.
- Some knowledge and awareness of relevant compliance requirements and fundamental regulations (eg. AML/CFT, legal entity governance, etc).
- Experience with any large GRC systems is useful.
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Business Risk Management – Central Testing – Team Lead
Job Description
The Central Testing team performs evaluation and operational effectiveness testing of internal controls on behalf of the First Line of Defence for all business lines and locations of State Street to support Business Risk Management (BRM) in assessing and continuously improving the bank’s control environment. This role is to evaluate and test internal controls and apply risk-based assurance skills to business units globally on behalf of the BRM team.
The ideal candidate has some experience in a Big4 or large/ multinational financial services company performing work in a general risk management or control and process assessment environment (e.g. SOX, SOC, Internal Audit). They will ideally possess a good working knowledge and experience in performing walkthroughs and employing common control testing concepts, such as population identification and sampling, performing and documenting testing, identifying exceptions and the respective root causes as well as presenting issues to applicable parties.
Requirements
4 to 6 years of relevant experience in performing risk and control assessment, audit, or testing.
Experience of assessing the design and operating effectiveness of controls to ensure compliance with relevant regulatory requirements and corporate policy and procedures.
Good verbal and written communication skills in English to interact and maintain relationships with internal stakeholders including at relatively senior levels independently or with minimum supervision of Managers.
Strong organizational and time management skills; ability to perform multiple simultaneous tasks independently in a deadline-driven environment as well as to manage own time in order to meet deadlines.
Self-motivated and adaptable professional with the ability to prioritize competing priorities while meeting deadlines and support Managers in critical or complex controls testing requirements.
Intellectual curiosity, analytical and critical thinking skills and an enthusiasm for learning and for developing skills.
Proficiency in Microsoft Office suite (Word, Excel, Outlook).
Beneficial but not essential:
Complete or partial professional qualification in an audit or related field (e.g. ACCA, ACA, CIA, CFA etc).
Some familiarity with common risk and control processes and aspects of securities trading, asset management, custody banking, or fund services.
Some knowledge and awareness of relevant compliance requirements and fundamental regulations (eg. AML/CFT, legal entity governance, etc).
Experience with any large GRC systems is useful.
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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