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JOB SUMMARY : State Street's Business Control function focuses on mitigating risk from within the first line of defense (FLoD) through control monitoring and enhancement. The Central Assurance Program under the Business Controls Program Office is a critical component of Risk Management at State Street. Central Assurance performs a business control function focusing on the processes or risks that are more efficiently or effectively reviewed centrally.
The successful candidate will work collaboratively with the global Central Assurance team in supporting the timely execution of required assurance activities. The Central Assurance Analyst is expected to review and evaluate end-to-end processes, identify and document key controls, and assess whether internal controls over regulatory and operational risks are properly designed and operating effectively.
This position is perfect for an individual with a strong interest in joining a top tier financial services firm and has experience with risk assessment and internal control methodology. The successful candidate must be able to thrive in a fast-paced environment, learn superior project management skills, and already possess strong customer service capabilities. It is expected that in this role the candidate will need to dig deep and learn end-to-end operational and compliance processes and the underlying regulatory and policy requirements.
MAJOR RESPONSIBILITIES :
Principal duties and responsibilities include :
Perform control assessments to determine regulatory and policy compliance as well as determine residual risk.
Execute first line controls testing (e.g. writing test steps, defining populations, selecting samples, pulling and reviewing documentation, performing testing, assessing and documenting results, etc.).
Oversee and manage successful delivery of all Central Assurance testing deliverables within agreed due dates and in accordance with relevant policies and framework(s).
Utilize project management and analytical skills in working closely with Central Assurance Leads, stakeholders and the various COE's leveraged by Central Assurance to ensure a high level of coordination and transparency into delivery of quality testing work.
Understand, be able to obtain mastery and apply the Business Controls Assurance Guide.
Build business knowledge of both operational and technical components to support the performance of controls testing.
Work with the global Central Assurance team and as necessary with first line business process owners to complete end to end business process control assessments and develop enhanced controls.
Instill confidence by demonstrating credibility and expertise on control issues.
Establish strong relationships with the global Central Assurance team as well as key functional teams to achieve effective delivery of assurance services and control-related strategic change.
Maintain the highest level of personal integrity in all dealings thereby mitigating reputational risk to State Street and its customers.
Other tasks as required
EDUCATION / EXPERIENCE / SKILLS :
The following are required:
Bachelor's degree in Finance, Accountancy, Business or related field
3-5 years of work experience with internal control methodology, audit and/or testing
Demonstrates ability to assess internal control design and operating effectiveness
Strong business writing and verbal communication skills with the ability to clearly and concisely present issues to applicable parties
Excellent critical thinking skills; ability to manage ambiguity; ask the right questions to obtain clear answers
Excellent attention to details and accuracy
Strong organizational and time management skills; ability to manage own time in order to meet deadlines
Strong analytical skills with demonstrated ability to exercise professional skepticism
Ability to manage multiple simultaneous tasks in a high-pressure, deadline-driven environment
Ability to work both independently and collaboratively
Customer focused with the ability to effectively collaborate with individuals across business units/lines
The following are strongly preferred:
Certified Public Accountant, Chartered Accountant, Certified Internal Auditor Designation or its equivalent
Knowledge of COSO internal Control - Integrated framework