VP – Fund Accounting Risk & Governance

State Street

  • Mumbai, Maharashtra
  • Permanent
  • Full-time
  • 7 days ago
Who we are looking forWe are looking for a Vice President – Business Unit aligned Risk Lead, who will provide leadership and support in mitigating risk within the first line of defense (FLOD) through engagement and challenge of first line operational activities, control monitoring, and enhancement, and execution of risk programs.As part of GD Business Risk Management (BRM) global function, the successful candidate will manage the Fund Accounting and Financial Reporting (India) Risk team that is located in Boston, Italy, and India, and work collaboratively with GD Functional teams, firm-wide Business Unit teams, Corporate Audit, and Enterprise Risk Management.In this role, you will report directly to the Managing Director, Head of Global Delivery BRM India.Candidates should be experienced in sound risk management and governance practices within the financial services industry and be able to thrive in a fast-paced and challenging environment. The successful candidate must be able to interact with the organization and Regulators, learn superior project management skills, and communicate clearly to Executive Management, diverse teams across all business units. It is expected that in this role, the individual will need to have an understanding of end-to-end operational and Fund Accounting and Financial Reporting (India) processes.What you will be responsible forAs Vice President – GD BRM Fund Accounting and Financial Reporting (India) Risk, you will:
  • Lead Global Delivery Business Risk Management (BRM) for Fund Accounting and Financial Reporting (India).
  • Maintain effective partnerships with key senior leaders in the GD Global Fund Accounting and Financial Reporting (India) Operations (FFRA) organization, across broader GD Functional teams and other State Street functional areas, to steer and direct effective governance and management of operational risks within the first line of defense (FLOD), ensuring prompt escalation of key risks, control gaps and issues, devising and recommending solutions to mitigate and remediate risks outside of tolerance.
  • Execute core risk initiatives and programs to materially reduce risks, strengthen and streamline the global process and control environment with a proactive focus on emerging risks, incident trends and root cause themes thereby enabling decisive and timely management response and mitigation.
  • In conjunction with GD BRM, provide oversight and leadership in the end-to-end incidents and issues management processes for Fund Accounting and Financial Reporting (India), identify issues and risk themes, improve operational risk mitigation, and partner on the execution of remediation plans, controls, procedures and best practices.
  • Manage and influence the establishment of an effective risk culture and tone at the top within the governance framework.
  • Implement and oversee strong risk management processes and frameworks in alignment with methodology and practices employed by GD globally. Coordinate on the implementation of, and adherence to, policies, procedures, guidelines and risk management practices defined and administered by GD BRM and associated partner groups (ERM, Compliance, Legal, Internal Audit, and Business Risk Management).
  • Provide advice and support on regulatory and audit exams including SOX/SOC assessments and targeted assurance reviews.
  • Partner with the second and third line of defense teams consistent with our risk management and control objectives.
What we valueThese skills will help you succeed in this role:
  • Superior verbal and written communication skills; it is vital that the candidate possesses the ability to articulate complex thoughts in a cogent, linear, and method-driven manner and to assimilate information for senior executives concisely and appropriately for the situation at hand.
  • Relationship building across various functions and levels within the organization.
  • Strong organizational awareness with the ability to facilitate and resolve conflicts; ability to make informed, risk-optimized decisions under time pressure.
  • Demonstrated experience in managing diverse teams across various jurisdictions and large-scale projects.
  • Attention to detail and a propensity to drive issues toward resolution.
Education & Preferred QualificationsRequired:
  • Bachelor’s degree in Finance, Accounting, Business, or related field.
  • Minimum 10 years of work experience with internal control methodology, audit, and/or testing.
  • Independent strategic thinker with an understanding of regulatory and operational risk in financial services.
  • Demonstrated leadership capabilities with solid interpersonal skills and the ability to work collaboratively across all organizational tiers.
  • A strong customer service mindset is a must.
Strongly Preferred:
  • Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Internal Auditor (CIA), or equivalent designation.
  • Experience in risk management.
  • Experience in the financial services sector.

State Street