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- Tasks: Support governance and oversight of outsourcing engagements, ensuring compliance with regulations.
- Company: Join a leading financial services firm focused on global operations and corporate strategy.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Be part of a crucial team that influences business performance and risk management.
- Qualifications: Degree or equivalent experience in UK financial services; strong communication and teamwork skills required.
- Other info: Experience with Archer X platform is a plus; flexibility and adaptability are key.
The predicted salary is between 43200 - 72000 £ per year.
Who we are looking for:
The Outsourcing Governance office resides within the UK Chief Executive Office (UK CEO) team and is responsible for operating a structured governance and oversight framework of our intragroup outsourcing engagements in line with relevant UK outsourcing regulations and internal policies. Intragroup outsourcing is key to our global operating model and corporate strategy. This role provides assurance to Senior Management that Key Performance Indicators, Service Level Agreements, and Risk Assessments are subject to periodic review and ensures that a reporting mechanism is in place to identify issues and/or non-conformance, escalating as necessary where performance standards have not been met and where there are instances of non-compliance to policy across the Outsourcing Footprint.
What you will be responsible for:
As Outsourcing Governance, Assistant Vice President you will:
- Maintain, operate and evolve the UK Outsourcing Governance model
- Minimise risk to the Global Delivery business by ensuring adherence to the FCA SYSC8 rules and the PRA’s Third Party & Risk Management regulations
- Ensure outsourcing policy and procedures are adhered to across the GD business lines
- Maintain data and documentation, ensuring accurate and timely updates are made to the UK Outsourcing inventory used to inform regulatory reporting
- Prepare and review risk reports for internal forums, senior managers and risk committees
- Chair the Outsourcing Governance Forum including preparation of meeting materials
- Provide Outsourcing guidance to the business
- Review and challenge outsourcing risk assessments completed by the business
What we value:
These skills will help you succeed in this role:
- Team player who can both provide assistance to and influence others
- Excellent communication, presentation and relationship building skills
- Ability to produce quality work within tight deadlines
- Flexible and adaptable to a changing environment
- Positive and professional disposition
Education & Preferred Qualifications:
- Degree or equivalent operational experience
- Experience of working in a UK financial services firm
- An interest in the regulatory landscape across financial services
- Exposure to the Archer X risk and control platform
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Outsourcing Governance, Assistant Vice President employer: State Street Corporation
Contact Detail:
State Street Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Outsourcing Governance, Assistant Vice President
✨Tip Number 1
Familiarize yourself with the FCA SYSC8 rules and PRA’s Third Party & Risk Management regulations. Understanding these regulations will not only help you in your role but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the UK financial services sector, especially those involved in outsourcing governance. Building relationships can provide insights into the role and may lead to referrals or recommendations.
✨Tip Number 3
Stay updated on the latest trends and changes in the regulatory landscape of financial services. This knowledge will be crucial for discussions during interviews and will show that you are proactive and informed.
✨Tip Number 4
Prepare to discuss specific examples of how you've managed risk assessments or compliance in previous roles. Being able to articulate your experience clearly will set you apart from other candidates.
We think you need these skills to ace Outsourcing Governance, Assistant Vice President
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Outsourcing Governance, Assistant Vice President position. Understand the key responsibilities and required skills, as this will help you tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in financial services, particularly any roles that involved governance, risk management, or compliance. Use specific examples to demonstrate your understanding of FCA SYSC8 rules and PRA regulations.
Showcase Communication Skills: Since excellent communication and relationship-building skills are crucial for this role, provide examples in your application that showcase your ability to present information clearly and influence others. Consider including instances where you chaired meetings or prepared reports.
Tailor Your Application: Customize your cover letter to reflect your interest in the regulatory landscape of financial services and how your background aligns with the company's values. Mention your adaptability and positive disposition, as these traits are valued in the role.
How to prepare for a job interview at State Street Corporation
✨Understand the Regulatory Landscape
Familiarize yourself with the FCA SYSC8 rules and PRA’s Third Party & Risk Management regulations. Being able to discuss these regulations confidently will demonstrate your knowledge and interest in the field.
✨Showcase Your Communication Skills
Prepare to highlight your excellent communication and relationship-building skills. Think of examples where you successfully influenced others or presented complex information clearly.
✨Demonstrate Team Collaboration
Be ready to discuss your experience as a team player. Share specific instances where you assisted colleagues or contributed to a team project, emphasizing your adaptability in a changing environment.
✨Prepare for Risk Assessment Discussions
Since reviewing and challenging outsourcing risk assessments is part of the role, prepare to discuss your approach to risk management. Consider how you would handle non-compliance issues and ensure adherence to policies.
