Role Summary:

State Street Corporation is seeking an energetic, detail oriented, and analytical Risk and Control Self-Assessment specialist to join its Operational Risk Identification & Assessment Team. This role will report to the Head of Operational Risk Identification & Assessment and will partner with key business stakeholders and other risk program owners.

This role will assist in the design and implementation of an enhanced RCSA Program across State Street Corporation and will be responsible for providing effective challenge of the enterprise results as well as compliance with policy. The candidate will be responsible for developing and maintaining core taxonomies among other framework elements.

The ideal candidate will have functional knowledge of applicable best practices and regulatory expectations for an integrated Risk and Control Self-Assessment Program, Internal Control Frameworks and ORM systems of record (Archer - GRC Platform), firmwide program implementation.

The role is global in nature and will require excellent communication, negotiation and partnership skills in order to influence a wide variety of stakeholders, including external regulators.

Key Responsibilities Include:

• Support the Head of Operational Risk Identification & Assessment in developing and maintenance of an enhanced Risk & Control Self-Assessment Program


• Support oversight of the RCSA program, including the annual attestation, quality oversight, process management, enterprise control execution and related reporting.


• Manage RCSA policy, standards and procedures to ensure the RCSA program is executed in accordance with the ORM Policy & Framework


• Develop and maintain ORM tools and methodologies to support accurate and consistent assessments of the risk and control environment


• Establish and monitor KPIs to gauge the efficiency and effectiveness of the RCSA Program


• Review complex information and large data sets with the ability to simplify for effective communication and presentation to senior management


• Assist in the development of training, communication and awareness programs to drive effective RCSA adoption and promote a strong culture of risk management


• Collaborate with various risk and business stakeholders to drive consistency and identify efficiencies across RCSA program


• Apply a structured methodology and lead change management activities associated with the RCSA (i.e. RAU changes, schedule changes, program methodology changes, etc); inclusive of maintaining relevant documentation, tracking and monitoring change activities and delivery of key management communications.


• Confidentially raise issues, escalate early and engage in constructive credible challenge of both 1st and 2nd Lines of Defense in their execution of the RCSA

• 7+ years of direct experience with managing Risk & Control Self Assessments for financial institutions


• 7+ years experience with GRC Tools (ex. Archer)


• Highly proficient in Microsoft Office (Word, Excel, PowerPoint, Visio)


• Ambassador of change


• Excellent verbal and written communication skills, including ability to create and deliver clear, well-structured presentations


• Strong problem-solving and analytical skills


• Ability to present complex issues clearly and simply


• Ability to quickly analyze the status quo and identify opportunities for continuous improvement or re-engineering.


• Bachelors degree

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:
$100,000 - $167,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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