Business Risk Management Alternatives, Managing Director

Who we are looking for 

We are looking for a Business Risk Management Alternatives – Managing Director, Business Risk Management Alternatives, who will be part of the Global Delivery Business Risk Management Leadership Team and the Alternatives Functional Leadership Team.  

Why this role is important to us 

Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to private equity, hedge funds and private credit funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements and is a focused growth area for State Street.

What you will be responsible for 

Critical business priorities: 

• Acting as a valued partner to the Alternatives Business in the identification, assessment, and mitigation of risk collaborating with the wider global GD BRM organization and GD Business  

• Ensuring that the BRM framework. principles and methodologies for identifying, analyzing, monitoring and minimizing business risks are consistent and adopted by the Alternative leadership team with alignment to regional requirements based on the locations Alternatives operates from. 

• Understanding and engagement in the overall strategy of the business  

• Requires in-depth domain knowledge in risk/compliance, process and control reviews, change risk management, problem-solving skills, and deep knowledge of the financial industry and State Street products and services 

• Proven leader with the ability to work in ambiguity and be able to understand and translate risk and control requirements and ensure they are reflective in the Alternatives and Global Delivery Strategy 

• Change agent mentality with the business acumen to interact with senior business stakeholders across the global organization possessing the ability to offer creative solutions to meet all stakeholders requirements 

• Proven track record in leading and driving risk and control strategies and risk culture change 

Role Definition: 

• Providing strategic and tactical leadership on the effectiveness of the risk and control environment as relates to Business as Usual and transformation and  the remediation of areas of risk 

• Understanding of the organization’s strategy and critical success factors enabling challenge and reporting of the Alternatives risk profile and potential operational exposures and monitoring of risk reduction 

• Working closely with the rest of the Global Delivery BRM to ensure appropriate coverage within global BRM  

• Serving as liaison and coordinating with internal departments, regulators, and other external parties for non-financial risks to ensure risk management practices align with firmwide risk and control objectives 

• Supporting the implementation of globally consistent risk and control practices 

• Continually develop the team of business risk professionals to delivery risk excellence in all operational activities 

What we value  

At a Managing Director level we require senior leadership and advanced skills in areas such as: 

• Navigate a large, global organization. Build meaningful relationships and develop an effective network. 

• Work successfully in a matrixed environment. Effectively manage multiple stakeholders, determine highest priorities for the organization, identify and resolve contention between directives. 

• Proven leadership skills as well as managing and developing a high performing operational teams who deliver directly for you or for which you are a people manager only. 

• Excellent time management, presentation skills and communication to multiple levels (clients, other 3rd parties, executives, peers, subordinates). Flexibility across multiple communication formats 

• Proven track record of achieving/exceeding financial goals through expense discipline and headcount management. 

• Experience with change management programs in risk sponsorship or leadership roles demonstrating successful delivery of risk objectives including risk reduction. 

• Demonstrated ability to execute under challenging circumstances and deliver targeted outcomes. 

• Demonstrated ability to manage, coach and influence colleagues and virtual team members.  

• Cross-cultural awareness and the ability to connect with colleagues globally in a collaborative, open work environment. To serve as a role model of acceptance and flexibility in dealing with colleagues with varying backgrounds. 

The candidate for the Managing Director – Business Risk Management Alternatives role will possess and/or be able to demonstrate: 

• Over 15 years' experience within financial services or risk management (in Non-Financial risk management or Business Management) 

• Enterprise leadership skills managing risk across regions 

• Experience interfacing at a senior level with clients, service providers and regulators. 

• Strong team leadership, coaching, mentoring, communication and presentation skills 

• Focus on talent management, optimizing technology and managing operational risk 

• Energy, enthusiasm and an obsession with service quality and delivering to our clients 

• An ability to think strategically, managing complexity, change and multiple priorities 

• A relevant graduate degree or masters qualification that can be leveraged in this role 

Salary Range:

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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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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.