At a Glance
- Tasks: Lead risk management for digital assets and support product development in a dynamic financial environment.
- Company: Join State Street, a global leader in investment services with a focus on innovation.
- Benefits: Enjoy flexible work-life balance, inclusive development opportunities, and vibrant employee networks.
- Other info: Collaborative culture that values diversity and empowers employees to reach their full potential.
- Why this job: Make a real impact by managing risks in the evolving digital asset landscape.
- Qualifications: 10+ years in risk management, with expertise in digital assets and EMEA regulations.
The predicted salary is between 75600 - 92400 £ per year.
The Investment Services Business Risk Management (IS BRM) team is seeking an experienced Risk Advisor, Vice President to support the European Investment Services business, with a strong focus on digital asset, client-facing and product development risk management.
Successful candidates will have experience leading oversight of risk management in a financial services organization, will be skilled in sound risk management and governance practices, and have first-hand experience working in highly regulated environments. In addition, experience in designing and reviewing risk management practices in the Digital Asset space, familiarity with Depositary regulatory expectations and knowledge of regulatory expectations across Europe are important in this role.
The role will partner across stakeholder groups to enhance risk, control, and operational management capabilities, improve the efficacy of the control environment, and better respond to regulatory guidance/mandates through the implementation of uniform governance and risk management practices across multiple IS locations in Europe.
Key responsibilities
- Serve as a senior, trusted first-line risk advisor to European Investment Services leadership; provide independent challenge and forward-looking risk insight to support strategic and client decisions.
- Oversee regulatory risks across a large portfolio of EMEA jurisdictions, as well as emerging risks through review of business change initiatives and product development.
- Partner with lines of defense and enterprise-wide business risk teams to execute thematic control assessments using business knowledge to ensure that IS control environment is commensurate with the risk being mitigated.
- Lead and facilitate risk discussions across governance forums and executive engagements; ensure consistent risk communication and alignment across EMEA.
- Review, challenge, and refine risk reporting, KRIs, emerging risks, and breach/limit escalation materials produced by central teams; ensure timely escalation of material risks and unacceptable residual risk.
- Drive remediation of global control issues, as essential partner and advisor to the business teams.
- Lead execution of RCSA workshops including assessment of risk ratings, and control effectiveness assessments; advise on control design and remediation strategies for identified gaps.
- Act as an escalation point for significant control testing exceptions and control weaknesses; facilitate root-cause analysis and thematic reviews for incidents, audit findings, and control failures.
- Provide proactive risk input into strategic initiatives, new products, client arrangements, and complex transactions; document material risk advisory opinions to ensure traceability of key decisions.
- Partner with change and transformation programs to identify risks early and embed risk considerations into design, implementation, and go-live decisions; support post-implementation reviews to confirm expected controls and monitoring are effective.
- Support incident and issue response and remediation management; challenge the quality and sustainability of corrective actions; advise and represent the business in audits, regulatory exams, and client reviews.
- Build on existing financial services and EMEA regulatory knowledge to become a risk management SME across IS activities, including Depositary obligations.
- Build strong partnerships within business risk management and second/third-line teams to reinforce the three-lines-of-defense model; contribute to targeted risk awareness and training; support credible risk communications with internal and external stakeholders (including clients and regulators).
- Champion increased understanding of digital assets products and support interpretation and application of evolving digital industry best practices and regulatory expectations.
- Drive innovation in the Business Risk function, including adoption of AI and novel technologies.
What we value
- Strong experience in first-line risk management within financial services, ideally including digital asset risk management, product development, client-facing and fiduciary/Depositary activities.
- Ability to operate independently, exercise sound judgment, and provide effective challenge to senior stakeholders.
- Deep understanding of risk governance, control frameworks, and European regulatory expectations, including hands-on regulatory interaction and/or remediation experience.
- Strong analytical skills with the ability to translate complexity into clear, decision-useful insight.
- Excellent communication and influencing skills across diverse stakeholders and geographies.
- Demonstrated ability to balance risk management rigor with commercial and client considerations.
- Keen awareness and appreciation for teamwork and collaboration.
- Proven track record of adoption of technology and understanding of novel risks, including AI.
Education & preferred qualifications
- 10+ years of experience in risk, compliance and/or audit functions within the financial industry.
- Hands-on digital asset risk management experience, strong understanding of client-facing operational risk and EMEA regulatory frameworks.
- Bachelor’s degree in finance, accounting, risk management, or a related discipline.
- Strong understanding of client-facing operational risk, product development and regulatory frameworks.
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.
– Investment Services Business Risk Management Risk Advisor, Vice President (Europe) in London employer: State Street Bank
At State Street, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. As a Principal Threat Modeling Architect, you will have access to inclusive development opportunities, flexible work-life support, and the chance to lead a high-performing team in a hybrid work environment. Our commitment to employee growth and community engagement, alongside our focus on security excellence, makes us an attractive choice for professionals seeking meaningful and rewarding careers in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land – Investment Services Business Risk Management Risk Advisor, Vice President (Europe) in London
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We think you need these skills to ace – Investment Services Business Risk Management Risk Advisor, Vice President (Europe) 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.
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How to prepare for a job interview at State Street Bank
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