Head of Risk Governance Oversight and Chief of Staff SSBI m/f/d, Managing Director

Who we are looking for

With immediate effect we are looking for a Germany-based Head of Risk Governance Oversight, Managing Director. The role is assigned within the Enterprise Risk Management (ERM) organization of State Street Bank International (SSBI), the EU banking subsidiary of State Street Corporation.

The role will have a dual reporting line both to the CRO for SSBI and to the Global Head of Risk Governance in the US. This role will involve a variety of tasks overseeing multiple elements of the Enterprise Risk Management framework in SSBI, often highly demanding, and will serve as Chief of Staff for the SSBI CRO. Key attributes will include strong communication and multi-tasking skills, the ability to collaborate with stakeholders from global and local risk and cross functions teams across the lines of defence, ability to draw horizontal risk view across multiple risk disciplines/topics and the capability to work in a dynamic and complex environment.

Why this role is important to us

Banking is a risk-taking business. The goal of ERM is to ensure that State Street's risks are proactively identified, well-understood, and prudently managed in support of our business strategy. As such, ERM provides risk oversight, support, and coordination to ensure consistent identification, measurement and management of all risks possible in providing products and services to our clients.

What you will be responsible for

Major responsibilities include:

• Oversee and coordinate for regular and adhoc updates as required, on SSBI's Risk Management and Appetite Framework (RMF/RAF), incl. required documentation, ensuring alignment of Risk Strategy with the Business Strategy.
• Oversee the annual Bank-wide Risk Identification and all the associated process, assess emerging risks and provides an effective challenge to the assessment conducted by the Subject Matter Experts in their respective risk areas within ERM.
• Coordinate risk interdependencies across various risk dimensions, and help to identify and lead to execute efficient solutions on transversal risk topics.
• Play a key centralised role in coordinating and in driving SSBI ERM's centralised responses to external and internal audit, regulatory feedback and compliance requirements.
• Provides the direct senior oversight to the Bank's Risk Governance team which has broad responsibilities including but not limited to maintaining SSBI's risk policies and procedures and other technical risk governance related documents, managing the CRO reporting to the SSBI risk committee, Executive Management Board and Supervisory Board, coordinate and act as secretary to the monthly risk committee.
• Act as the Oversight Portfolio Manager role to oversee outsourced model risk governance from SSBT in 2LoD capacity.
• Acts as an important bridge and work closely as SSBI's risk representative with global risk governance function ensuring global risk management framework and operating model can be cascaded down to legal entities with different local jurisdictional requirements.
• Serve as the Chief of Staff for SSBI CRO, enabling the CRO to effectively oversee the SSBI ERM function in performing quality assurance of all CRO reporting, ensuring effective risk control environment and drives the content for transversal risk oversight that cannot be effectively performed within each of the risk dimension, e.g. Climate and Environmental risk and Recovery and Resolution Plan.

What we value

These skills will help you succeed in this role:

• Proven hands-on capabilities in managing tasks independently, with a willingness and ability to engage in multiple tasks concurrently and reprioritize effectively. Ability to work with tight deadlines and under pressure.
• A proven and effective problem solver who can think outside the box.
• Strong interpersonal, organizational, communication and presentation skills (executive messaging). Ability to effectively develop and manage relationships at all levels, and tenured experience in managing and motivate a team.
• A thought-leader who can create new ideas to improve risk culture and improve risk organization performance.
• Ability and self-motivation to master key concepts and themes in an evolving regulatory environment and model/data landscape.
• Strong communication skills, both written and oral. Demonstrated strong analytical abilities and reasoning skills with attention to details.
• Team player in a fast-paced, high-energy environment.

Education & Preferred Qualifications

• Successfully completed Bachelor's and/or Master's degree in Business Administration, Economics or Risk Management related field.
• Minimum of 10+ years experience in a financial institution, ideally in a risk controlling or risk management function.
• A high degree of professionalism with proven history of providing effective leadership to diverse teams.
• The ability to manage complexity, effectively prioritize multiple tasks and work independently in non-routine situations and in a fast-paced environment.

What we offer

Wide range of benefits, including:

• Participation in annual bonus program.
• Car allowance or company car.
• Occupational pension plan.
• Group accident insurance.
• Risk life insurance after one year of service with State Street.
• 30 days of annual leave + 1 additional Birthday Day Off.
• Capital formation support 40 Euro gross per month (more details on this below).
• Up to 10 additional days of lieu time for overtime.
• Flex work possibilities, working from home days might be possible.
• Child care support.
• (Frankfurt hires only) Reduced RMV public transportation ticket.
• Free German and English classes.
• Local and global Mentoring Programs.
• BeWell Program (e.g. eye/body/back screenings, free flu shots, PME family service, Business Yoga, Employee Assistance Program through an external vendor).
• Global Inclusion Program (e.g. summer party, Christmas/New Year get together, sports groups, European wide soccer tournament, Kids at Work Day, guided museum tours).
• Corporate Citizenship (Global Outreach Program with volunteer work and up to 2 days paid leave of absence for these, Global Giving Campaign, Corporate Responsibility, etc.).
• Two employee online portals for Corporate Benefits (e.g. reduced fee for fitness clubs, holiday portals).
• Lunch allowance.
• Dynamic, international and multicultural working environment.

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.

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