Vice President, Quality Assurance - Financial Risk Audit

Who we are looking for

We are looking for a Quality Assurance Manager for Audit, Vice President, who will be responsible for examining and evaluating the effectiveness, efficiency and compliance of Internal Audit activities in financial risk audit (i.e., CCAR, Liquidity, Treasury, Credit, Financial Reporting) by assisting in managing, promoting and maintaining the Division’s Quality Assurance and Improvement Program within Corporate Audit. In this role, you will lead projects independently with minimal supervision, as well as collaborate with team members and members of the Audit Department. The position is based in Bangalore, India and the ideal candidate will have subject matter expertise in Internal Audit Quality Assurance, Finance, Liquidity, Capital Management and Credit Risk, as well as the related global regulatory requirements (e.g., US Federal Reserve Reg YY) and regulatory remediation (e.g., MRAs).

This role can be performed in a hybrid model, with 4 days per week expected in the office.

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. In your role, you will strive for cutting-edge solutions, that are straightforward and scalable. 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 Quality Assurance Manager for Financial Risk Audit, Vice President you will:* Execute Quality Assurance reviews of Internal Audit projects to challenge the scope and conclusions of audit work, assess adherence to audit methodology, IIA Global Internal Audit Standards and best practices and sufficiency of risk coverage based on industry experience and regulatory knowledge.

• Provide quality assurance of regulatory remediation validation by audit teams in financial risk audit area.
  
• Assess compliance of global Audit practices and reviews with applicable regulations
  
• Proactively monitor for changes to industry and regulatory requirements and guidance as well as maintain expertise in the designated field (i.e., financial risk)
  
• Assist in further developing the quality assurance and improvement program to align with industry best practices.
  
• Lead targeted and thematic QA reviews of the audit department�s work, assist with other policy and methodology related matters, and conduct regulatory self-assessments.
  
• Develop training based on results of quality reviews and observations based on research of best practices in local markets.
  
• Manage relationships with Audit senior stakeholders.
  
• Partner closely with Audit teams to advise on audit best practices and methodology.
  
• Collaborate with other team members for the improvement of data-driven continuous monitoring and reporting for the Quality Assurance team.
  
• Provide ongoing measurement and analyses of Corporate Audit performance.
  
• Provide organizational support as VP for development of the local audit function
  
• Participate in Division-wide initiatives.
  

What we value

The following skills will help you succeed in this role:* Strong critical thinking and attention to detail.

• Ability to manage multiple projects and quickly adapt to changing environments and demands under pressure.
  
• Ability to work independently with minimal supervision, as well as with a team.
  
• Being comfortable to challenge Audit senior management on their processes and decisions.
  
• Ability to effect or influence positive changes within the function
  
• Strong interpersonal and communication skills; ability to work within a global team and communicate with individuals based in different locations.
  
• Experience with and understanding of regulations related to Finance, Liquidity, Treasury, Capital Management and Credit Risk
  
• Skills and experience in auditing the following areas are strongly preferred: Finance, Liquidity, Capital Management and Credit Risk, Data Analytics approaches, IT General Controls, Operations
  

Education & Preferred Qualifications* Bachelor's degree is required; master's degree is a plus.

• 10+ years internal audit experience gained in a complex financial services environment (G-SIB banks preferred) and/or in internal audit/ audit quality assurance/financial risk management function/ credit risk / Finance role or a related field
  
• Relevant qualifications such as CPA, CIA, CISA or global equivalents
  
• Excellent understanding of audit practices and methodology and IIA professional standards.
  
• Experience validating or quality assurance of financial risk related regulatory findings
  
• Technical (e.g., IT, model, Data Analytics) skills are highly encouraged.
  

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 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.