Audit Manager, Assistant Vice President

We are looking for an Audit Manager, Assistant Vice President to lead audit engagements of the UK business focused on Investment Services (IS)/Global Delivery (GD) and legal entity governance. In this role, under the direction of senior audit management, you will oversee individual audit engagements and lead assigned teams through end-to-end audit execution (i.e., planning, assessments, testing and reporting). You will also play a critical role in the ongoing development of audit staff and support senior audit management in continuous monitoring activities, audit plan development, and legal entity board reporting. This role is based out of London, United Kingdom, and can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely 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. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, you will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

As an Audit Manager, Assistant Vice President you will:

• Plan, oversee and execute audits according to the Division’s risk-based audit methodology, other internal standards and industry practices.
• Supervise and direct the execution of risk and control assessments, along with the effective and efficient testing of key controls.
• Review audit workpapers to ensure execution in line with internal standards and that conclusions are properly supported.
• Draft audit reports that clearly communicate overall conclusion, 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.
• Develop and maintain a thorough understanding of assigned areas of responsibility, including key technology, products, organizational activities, regulatory environment and global footprint.
• 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.
• Support senior audit management in continuous monitoring activities, audit plan development, and legal entity board reporting.
• Contribute to change initiatives through active participation in working groups and adoption of practices in day-to-day responsibilities.
• Coach and mentor audit staff as part of their ongoing development.

These skills will help you succeed in this role:

• A high degree of professionalism with proven history of providing effective leadership to diverse teams.
• The ability to manage complexity, effectively prioritize multiple tasks and work independently in non-routine situations and in a fast-paced environment.
• Knowledge and understanding of the risks related to IS/GD and legal entity governance.
• Excellent analytical, problem resolving, communication (written and verbal), interpersonal, organizational and presentation skills.
• Demonstrated ability to synthesize understanding of business processes into value added feedback on risk and control environment.
• Proven ability to research, interpret and apply regulatory requirements.
• Fluency in English - written and spoken.

Education & Preferred Qualifications:

• 7+ years of experience in External Auditing, Internal Auditing, or relevant first or second line role.
• Bachelor’s degree, preferable in finance, accounting or related field.
• Advanced degree or certification (ACA, CFA, FRM, CPA, CIA) preferred.

While majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates.

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

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.

We truly believe our employees’ diverse backgrounds, experiences and perspective 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 the 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 program 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.