AVP Targeted Assesment ( India )

Job Description

Roles and responsibilities JOB SUMMARY: The Targeted Assessments (TA) program is a critical component of the overall Compliance Oversight Program ( COP ) at State Street. A professional evaluation of controls is essential to conclude on the adequacy of the COP internally, the regulatory posture of the business unit, and to identify enhancements for State Street s global compliance control environment. The TA Team Member is a key contributor of this effort for State Street business lines globally. In this highly visible role, the TA Compliance AVP will work collaboratively with the TA Manager, business process owners, business- aligned Compliance teams, Risk and many other corporate functions within the firm. The TA team member is expected to review and evaluate end- to- end processes, identify and document key controls, and assess whether internal controls over regulatory 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 compliance processes and the underlying regulatory requirements. MAJOR RESPONSIBILITIES: Principal duties and responsibilities include: Lead a local team of TA Analysts to complete assigned projects in a timely manner. Identify control objective (s) for the regulatory risks that require controls testing. Collaborate with the business- aligned Compliance Managers and business representatives in the First Line of Defense (FLOD) to better understand the applicable regulatory requirements. Identify and understand the processes that support compliance with relevant regulatory obligations and achievement of the control objective (s) Develop, execute and document tests of controls to evaluate the operating effectiveness of the key controls in accordance with the testing methodology. Provide timely execution and ensure quality of testing outputCommunicate test results, including control design and operating effectiveness issues, to the relevant stakeholdersDevelop working relationships with other members of the Compliance teams and work collaboratively with business unit managers. Communicate status and escalate potential issues/ roadblocks to the TA Manager. Proactively provide feedback on the efficiency and effectiveness of the TA program. Demonstrate knowledge of assigned product/ functional area and have a thorough understanding of their area of responsibility as well as a broad understanding of compliance as well as State Street products and services. Independently conduct assigned responsibilities within their section of overall compliance function and are capable of executing/ completing a range of complex tasks and analysis. EDUCATION / EXPERIENCE / SKILLS: EDUCATION / EXPERIENCE / SKILLS: The following are required: Bachelor s degree 12- 16 years of work experience with internal control methodology, audit and/ or testingStrong business writing and verbal communication skillsAbility to work both independently leading a team locally and collaboratively with the larger global teamExcellent critical thinking skills; ability to manage ambiguity; ask the right questions to obtain clear answers Strong organizational and time management skills; ability to manage own time in order to meet deadlinesStrong organizational and time management skills; ability to manage own time in order to meet deadlinesStrong analytical skills with demonstrated ability to exercise professional skepticismCustomer focusedThe following are strongly preferred: CPA, CA, ICA, ACCA or similar certificationKnowledge of COSO internal Control- Integrated frameworkExperience in the financial services sectoR,

Keyskills :
riskassessmenttimemanagementcustomerservicebusinessprocessbusinesswritingtronganalyticalskillscontroldesignthinkingskillsinternalcontrolanalyticalskillsmanagementskillsglobalcompliancecri