Markets UK Audit Manager, AVP

We are looking for an Audit Manager, Assistant Vice President to work with a team of professionals to assess the adequacy and effectiveness of controls designed to mitigate key business risks to comply with relevant regulations, corporate requirements and industry standards. As part of a collaborative global team, you will influence and contribute to Corporate Audit’s dynamic plan development process, lead and support execution of strategic audit projects and support staff development. The primary area of focus will be on State Street’s Markets Division covering front and back office activities. Key products within Markets include: Foreign Exchange, Electronic Trading Platforms, Securities Lending and Outsourced Trading. In this role you will be based out of London, UK. This role can be performed in a hybrid model, where you can work up to two days a week from home.

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. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. 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.

What you will be responsible for:

• Plan, oversee and/or execute audits according to a risk-based methodology, recommend internal control improvements that may include operational enhancements or efficiencies and prepare audit reports that effectively measure the residual risk and provide insight to root cause and impact on business strategy.
• Analyse data, facts and test results to draw appropriate conclusions regarding the effectiveness of the client’s internal control environment.
• Facilitate effective communication and coordination with business management at all levels.
• Establish and maintain strong and effective client relationships across the lines of defense and with supporting IT organizations and assist management in the understanding and adaptation of internal control principles.
• Develop and maintain a thorough understanding of assigned areas of responsibility, including key technology, products, organizational activities, regulatory environment and global footprint.
• Meaningfully contribute to change initiatives by participation in system and business process change initiatives with strategic corporate significance by providing input on operational and technological risk issues.
• Evidence strong team leadership skills which include creating an environment of trust, soliciting diverse views from team members and supervising, coaching and developing staff through timely and meaningful feedback and on-the-job mentoring.
• Invest in your development by expanding, maintaining and applying current knowledge of audit industry best practices, regulatory expectations and subject matter (e.g., foreign exchange, securities lending and other capital markets and broader State Street activities).
• Demonstrate knowledge of financial and operational internal control methodologies and terminologies (e.g., COSO, COBIT); process and control industry standards; risk management practices and techniques; and internal audit process, technology and tools for planning, design, performance, testing and reporting.

What we value:

• Ability to effectively prioritize multiple tasks and work independently in an international team across multiple locations with global stakeholders in a fast-paced environment.
• Enthusiasm in auditing various business products, support functions and information technology systems.
• Ability to clearly demonstrate proficiency in evaluating and testing internal controls and in applying risk-based audit skills to business units globally.
• A high degree of professionalism and proficient organizational, analytical and project management skills.
• Effective communication skills (both written and verbal) and interpersonal skills as well as interest in developing as a leader within Corporate Audit.

Education & Preferred Qualifications:

• A bachelor’s degree in a relevant field such as Accounting, Finance, Information Systems, Computer Science and/or Business Administration.
• 5+ years of experience with assessment and testing of Capital Markets activities. Specific experience of Foreign Exchange, Securities Lending, and Outsourced trading desired.
• Knowledge of key regulatory requirements such as MiFID II, Swap Dealer and/or Trade and Transaction Reporting desired.
• CISA, CPA, CIA or other applicable certification preferred.
• Experience in financial services processes and technology, automated business process controls and/or technical application background.
• Proven ability to research, interpret and apply regulatory requirements.

Additional requirements:

• Travel up to 15% may be optional. While majority of the time you will work from your primary locations, some domestic and international travel is expected to a variety of locations where State Street operates.

We offer:

• Core Benefits: Pension: Employer Contribution = 9% of Reference Base Salary. Employees can contribute up to 70% of salary into pension, and up to 100% of bonus. Any voluntary contributions will be topped up with an additional 5% by State Street. Employees impacted by the lifetime allowance or annual allowance rules, can receive their pension value via salary instead (less employer NI costs).
• Private Medical Insurance.
• Long Term Disability Cover.
• 26 days holidays.
• Annual season ticket loan.
• Life Assurance.
• Menopause Support.
• Emergency Back-Up Care.
• Participation in the State Street bonus scheme.

Non-Core Benefits: A large number of benefits are available to be selected during annual enrolment (each April), or as a new joiner via the My Benefits portal. These benefits include: Critical Illness insurance (self/partner), Personal Accident insurance (self/partner), Partner life assurance, Gym membership (anytime benefit), Holiday trading, Dental insurance, Cycle to work scheme (anytime benefit), Travel insurance, Discounts & cashback portal (anytime benefit), Car Salary Sacrifice Scheme (anytime benefit). Most benefits are restricted to new joiner and annual enrolment windows, however there are a number of anytime benefits which employees can avail of which are mentioned above.

Are you the right candidate? Yes! 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.

About State Street:

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.