At a Glance
- Tasks: Lead risk advisory for financing and portfolio solutions, ensuring robust governance and controls.
- Company: Join State Street, a global leader in financial services with a commitment to innovation.
- Benefits: Enjoy flexible work arrangements, inclusive development opportunities, and vibrant employee networks.
- Other info: Be part of a diverse team that values empowerment and continuous improvement.
- Why this job: Make a real impact by balancing business growth with disciplined risk management.
- Qualifications: 15+ years in financial services with strong leadership in risk management and compliance.
The predicted salary is between 72000 - 88000 £ per year.
Managing Director – Business Risk Advisor Lead Financing and Portfolio Solutions Business Risk Management | Markets Risk Advisory
Who we are looking for
We are looking for a senior first-line Business Risk executive to lead the risk advisory and control agenda for State Street's Financing and Portfolio Solutions franchise, which includes Agency Lending, Prime Services, Secured Financing and Repo, and Portfolio Solutions businesses. The role will establish strategic direction, provide credible challenge to senior business leaders, and oversee a resilient, regulator-ready control environment across this integrated financing platform. This Managing Director will lead a team of Business Risk professionals and will partner closely with Front Office, Operations, Technology, Compliance, Legal, Finance, Enterprise Risk and Internal Audit. The successful candidate will balance commercial objectives with disciplined risk management, regulatory compliance, operational resilience, and sustainable execution.
Why this role is important to us
Financing Solutions and Portfolio Solutions operate at the intersection of trading, financing, collateral management and client delivery, where regulatory scrutiny, operational complexity and commercial priorities converge. This role provides executive ownership of the first-line risk framework, helping businesses grow responsibly, innovate confidently, and maintain robust governance, controls and escalation practices.
What you will be responsible for
- Serve as the senior Business Risk Management lead and principal escalation point for material risk, control and emerging-risk matters affecting Financing Solutions, Portfolio Solutions and adjacent Markets activities.
- Lead and develop a team of Business Risk professionals, set clear accountability and priorities, and oversee the quality and consistency of risk advisory coverage delivered to the supported businesses.
- Provide executive-level risk advice and credible challenges to business leadership across trade execution, lifecycle management, financing, collateral, valuation, market conduct, surveillance and regulatory reporting.
- Establish and oversee the end-to-end first-line risk and control framework, including risk and control assessments, control inventories, key risk indicators, issue management, incident and near-miss governance, and senior management reporting.
- Ensure material incidents, control failures and emerging exposures are identified early, escalated promptly, investigated thoroughly and remediated through sustainable, well-documented actions.
- Drive control modernization through automation, data-led monitoring, process simplification and exception-based oversight, with particular focus on reducing manual error and strengthening preventive and detective controls.
- Lead Business Risk engagement for regulatory examinations, internal audits and independent reviews, including preparation of clear narratives, evidence, management responses and sustainable remediation plans.
- Partner with Compliance and Legal to assess evolving SEC, FINRA, Federal Reserve, Prudential regulators, and applicable global broker-dealer requirements and translate them into practical business and control actions.
- Provide executive risk sponsorship and challenge for new products, business expansion, strategic change, technology transformation and operating-model initiatives, including assessment of readiness, scalability and residual risk.
- Chair or represent the business in relevant risk committees and governance forums, ensuring transparent reporting, timely decisions, clear ownership and disciplined action tracking.
- Build effective partnerships across the three lines of defense and communicate complex risk matters in clear, decision-ready language for executive leadership, governance committees, auditors and regulators.
- Promote a strong culture of risk ownership, constructive challenge, accountability and continuous improvement across the supported businesses.
What we value
These skills will help you succeed in this role:
- Executive presence and the ability to influence, challenge and advise senior leaders while maintaining strong business partnerships.
- Deep knowledge of first-line risk management, control design, issue and incident management, operational resilience and regulatory remediation.
- Commercial judgment and the ability to balance business growth with the firm’s risk appetite, regulatory obligations and control standards.
- Strategic thinking combined with disciplined execution, clear escalation, and strong attention to the quality of risk documentation and evidence.
- Ability to lead through complexity, set direction across a global stakeholder network, and build high-performing, inclusive teams.
- Exceptional written and verbal communication, including experience presenting to executive committees, governance forums, auditors and regulators.
Education and preferred qualifications
- 15+ years of financial services experience, including significant senior leadership experience in Business Risk, Markets Risk, Operational Risk, Compliance, Audit, Business Controls or a related function.
- Direct experience supporting broker-dealers, capital markets, securities finance, prime brokerage, secured financing, portfolio solutions or multi-asset trading businesses.
- Deep understanding of trade lifecycle processes, market infrastructure, collateral and margin, valuation, regulatory reporting, and front-to-back operating and control models.
- Demonstrated success leading regulatory examinations, audits, complex remediation programs and large-scale control or operating-model transformation.
- Proven people leadership experience, including developing senior risk professionals and coordinating teams and stakeholders across regions.
- Bachelor’s degree or equivalent experience required; advanced degree and relevant industry or risk certifications are preferred.
About State Street
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.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Summary Location: London, England Type: Full time
Business Risk Advisor Lead - Financing and Portfolio Solutions, Managing Director - State Street Markets in London employer: State Street Bank
State Street Global Technology Services is an exceptional employer that prioritises employee growth and inclusivity, offering a dynamic work environment in London. With a strong commitment to professional development, flexible work-life balance, and vibrant employee networks, we empower our team members to thrive while driving impactful change in the financial services sector. Join us to be part of a culture that values collaboration, accountability, and innovation, ensuring that every voice is heard and every contribution matters.
StudySmarter Expert Advice🤫
We think this is how you could land Business Risk Advisor Lead - Financing and Portfolio Solutions, Managing Director - State Street Markets in London
✨Tap into Campus Networks
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We think you need these skills to ace Business Risk Advisor Lead - Financing and Portfolio Solutions, Managing Director - State Street Markets in London
Some tips for your application 🫡
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Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to State Street Bank.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on State Street Bank's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at State Street Bank
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with State Street Bank.
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✨Network with Industry Professionals
Before your interview, reach out to current or former State Street Bank employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
