Global Treasury Audit, Assistant Vice President
Top Benefits
About the role
Who We Are Looking For The Global Treasury Audit, Assistant Vice President will provide independent, objective assurance over the design and execution of the Bank’s Global Treasury practices established through Treasury’s internal infrastructure, frameworks, policies, management reporting, and board reporting. In this role, under the direction of senior audit management, the individual will oversee individual audit engagements and lead teams through all aspects of the audit (i.e. planning, assessments, testing, and reporting). This individual will be a contributor to maturing the Corporate Audit (CA) function and supporting various departmental initiatives. This role is based in Boston, MA or Toronto, Canada.
Candidates will be experienced in sound liquidity and interest rate risk management and governance practices within the financial services industry. The successful candidate must be able to thrive in a fast-paced environment, communicate clearly to Executive Management and Regulators, and already possess strong auditing capabilities. It is expected that in this role the candidate will need to dig deep and learn end-to-end treasury processes and regulations.
Why this role is important to us The audit team plays an important role in the overall success of the organization. Across the globe, the firm, relies 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.
What You Will Be Responsible For As Global Treasury Audit, Assistant Vice President you will
- Develop and lead a team of audit professionals for supervisions, planning and executing complex audits and projects in Global Treasury (GT).
- Review audit workpapers to ensure execution is in line with internal standards and the conclusions are properly supported.
- Draft audit reports that clearly communicate overall conclusions, including: key risks, identified issues and their root cause, and impact on overall business strategy.
- Work in partnership with business area management to communicate expectations and manage any project issues that may arise during the audit engagement.
- Escalate potential and identified issues to senior management timely and work with business management to develop and negotiate solutions.
- Establish and maintain strong and effective client relationships with business management across the lines of defense and assist management in understanding and implementing / maintaining internal control principles.
- Identify, assess and monitor risks related to the bank’s liquidity position and interest rate in the banking book. Analyze internal processes against regulations to ensure it is compliant with U.S. and non-U.S. regulatory requirements.
- Demonstrate strong knowledge of liquidity risk sound business practices and regulatory expectations and requirements.
What We Value These skills will help you succeed in this role
- The ability to manage complexity, effectively prioritize multiple tasks and work independently on non-routine situations and in a face-paced environment.
- Detailed knowledge of key banking regulations, including Reg YY, Reg WW (LCR/NSFR), FR-2052a, BCBS 248, etc. Also, familiarity with relevant Safety and Soundness guidance for treasury and large bank.
- Highly seasoned professional understanding of internal liquidity stress testing, collateral, intraday and cashflow forecasting monitoring.
- Superior verbal and written communication skills; it is vital that the candidate possess the ability to articulate complex thoughts in a cogent, linear and method-driven manner and to assimilate information for senior executives concisely and appropriately for the situation at hand.
Education & Preferred Qualifications The following are required:
- 5+ years of experience in Public Accounting, Internal Auditing, or first- or second-line Treasury / Risk roles.
- Bachelor’s degree in Finance, Accounting, Business or related field.
- Advanced degree or certification, Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Chartered Financial Analyst (CFA) designation or its equivalent.
- Prior experience working with regulators through examinations and/or issue validations.
- Demonstrated leadership capabilities with solid interpersonal skills and the ability to work collaboratively across all organizational tiers.
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.
Discover more at StateStreet.com/careers
Additional Locations COVID-19 Protocols: Complying with State Street’s COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc. Job ID: R-778324
About State Street
At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.
Global Treasury Audit, Assistant Vice President
Top Benefits
About the role
Who We Are Looking For The Global Treasury Audit, Assistant Vice President will provide independent, objective assurance over the design and execution of the Bank’s Global Treasury practices established through Treasury’s internal infrastructure, frameworks, policies, management reporting, and board reporting. In this role, under the direction of senior audit management, the individual will oversee individual audit engagements and lead teams through all aspects of the audit (i.e. planning, assessments, testing, and reporting). This individual will be a contributor to maturing the Corporate Audit (CA) function and supporting various departmental initiatives. This role is based in Boston, MA or Toronto, Canada.
Candidates will be experienced in sound liquidity and interest rate risk management and governance practices within the financial services industry. The successful candidate must be able to thrive in a fast-paced environment, communicate clearly to Executive Management and Regulators, and already possess strong auditing capabilities. It is expected that in this role the candidate will need to dig deep and learn end-to-end treasury processes and regulations.
Why this role is important to us The audit team plays an important role in the overall success of the organization. Across the globe, the firm, relies 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.
What You Will Be Responsible For As Global Treasury Audit, Assistant Vice President you will
- Develop and lead a team of audit professionals for supervisions, planning and executing complex audits and projects in Global Treasury (GT).
- Review audit workpapers to ensure execution is in line with internal standards and the conclusions are properly supported.
- Draft audit reports that clearly communicate overall conclusions, including: key risks, identified issues and their root cause, and impact on overall business strategy.
- Work in partnership with business area management to communicate expectations and manage any project issues that may arise during the audit engagement.
- Escalate potential and identified issues to senior management timely and work with business management to develop and negotiate solutions.
- Establish and maintain strong and effective client relationships with business management across the lines of defense and assist management in understanding and implementing / maintaining internal control principles.
- Identify, assess and monitor risks related to the bank’s liquidity position and interest rate in the banking book. Analyze internal processes against regulations to ensure it is compliant with U.S. and non-U.S. regulatory requirements.
- Demonstrate strong knowledge of liquidity risk sound business practices and regulatory expectations and requirements.
What We Value These skills will help you succeed in this role
- The ability to manage complexity, effectively prioritize multiple tasks and work independently on non-routine situations and in a face-paced environment.
- Detailed knowledge of key banking regulations, including Reg YY, Reg WW (LCR/NSFR), FR-2052a, BCBS 248, etc. Also, familiarity with relevant Safety and Soundness guidance for treasury and large bank.
- Highly seasoned professional understanding of internal liquidity stress testing, collateral, intraday and cashflow forecasting monitoring.
- Superior verbal and written communication skills; it is vital that the candidate possess the ability to articulate complex thoughts in a cogent, linear and method-driven manner and to assimilate information for senior executives concisely and appropriately for the situation at hand.
Education & Preferred Qualifications The following are required:
- 5+ years of experience in Public Accounting, Internal Auditing, or first- or second-line Treasury / Risk roles.
- Bachelor’s degree in Finance, Accounting, Business or related field.
- Advanced degree or certification, Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Chartered Financial Analyst (CFA) designation or its equivalent.
- Prior experience working with regulators through examinations and/or issue validations.
- Demonstrated leadership capabilities with solid interpersonal skills and the ability to work collaboratively across all organizational tiers.
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.
Discover more at StateStreet.com/careers
Additional Locations COVID-19 Protocols: Complying with State Street’s COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc. Job ID: R-778324
About State Street
At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.