Global Head of Issue Assurance

Job Description

Who we are looking for

The Global Head of Issue Assurance will lead the Bank's Issue assurance function within Internal Audit, ensuring that identified audit issues, regulatory findings, and control weaknesses are effectively remediated. This role is responsible for developing and overseeing a robust risk-based framework for validating issue closure, maintaining Internal Audit and regulatory expectations, and enhancing the bank's overall control environment. The position requires a strategic leader with deep expertise in risk management, internal controls, and regulatory compliance within a global financial institution.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, you will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As a Global Head of Issue Assurance Vice President Team you will:

- Define and implement the strategy, framework, and methodology for issue assurance, ensuring alignment with internal policies, Internal audit standards, methodology and industry best practices.
- Establish governance and oversight mechanisms to track, validate, and report on issue remediation and validation progress across the Bank.
- Partner with key stakeholders and senior management within and outside of Internal Audit.
- Establish a best-in-class issue assurance function and lead independent validation of issue remediation, ensuring completeness, sustainability, and alignment with root cause analysis with a high performing team.
- Design and execute risk-based approach to testing remediation actions, focusing on critical risks and provide credible challenge to management's remediation efforts, escalating concerns where necessary.
- Design and develop structured training program to onboard interns, auditors and enhance the skills required for issue assurance, validation methodologies and prepare auditor of the future by partnering with Learning and Development teams to leverage existing training resources and integrate issue assurance training into the broader audit professional development initiatives
- Collaborate with Internal Audit teams and business leaders to drive a culture of accountability and continuous improvement.
- Develop and enhance tools, dashboards, and analytics to improve issue tracking, reporting and insights.
- Ability to manage a team of young professionals, developing the expertise across risk, finance, compliance, custody, middle office, alternatives, derivatives and technology areas to effectively execute issue assurance activities.
- Effectively work with new and changing situations, including new industry regulations, where there may not always be a readily apparent solution.

What we value

These skills will help you succeed in this role:

- Strong leadership skills that create an inclusive environment for building, cultivating and managing diverse teams.
- Strategic thinking that focuses on developing innovative solutions to optimize execution approaches while maintaining efficiency.
- Highly collaborative with an ability to develop and maintain strong relationships within the department and with stakeholders across the lines of defense.
- Ability to manage complexity, effectively prioritize multiple tasks and work independently in non-routine situations and in a fast-paced environment.
- Strong communication, interpersonal and leadership abilities across all levels coupled with effective problem solving, conceptual thinking, quantitative and analytical skills.
- Fluency in English - written and spoken.

Education & Preferred Qualifications

- Strong analytical and critical thinking, written and oral communication, interpersonal and organizational skills.
- Professional with 15+ years assurance experience focusing on Financial Services. Familiarity with global banking regulatory framework and knowledge of risk, finance, custodian activities, asset management, capital markets will be helpful.
- Professional certification (such as CA, CPA, CIA or CISA) a plus.
- Good understanding of auditing techniques, data analytics strategies, tools, concepts and principles including risk and control environments.
- Strong leadership skills with experience in managing global teams and influencing senior stakeholders.
- Ability to execute concurrent projects in a fast paced environment while consistently meeting deadlines and improving operational efficiency.

Additional requirements

While majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates.

Are you the right candidate Yes

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 safe

guard 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

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