At a Glance
- Tasks: Lead transformation of business risk and controls using AI and automation.
- Company: Join a global leader in financial services focused on innovation and collaboration.
- Benefits: Flexible work-life support, paid volunteer days, and inclusive development opportunities.
- Other info: Work in a dynamic environment with global teams across Boston, London, and New York.
- Why this job: Make a real impact by modernising risk practices and driving efficiency with cutting-edge technology.
- Qualifications: 15+ years in risk management, strong leadership, and AI implementation experience required.
The predicted salary is between 72000 - 88000 £ per year.
Who We Are Looking For
We are seeking a highly experienced Senior Managing Director/ Senior Vice President to lead Business Risk and controls transformation.
This leader will be responsible for driving enterprise‑wide improvements to first line risk and control practices through use of AI tools, automation and standardization.
This is a key leadership role which sits on the enterprise business risk and control leadership team.
Who We Are Looking For
We are seeking a highly experienced Senior Managing Director/ Senior Vice President to lead Business Risk and controls transformation.
This leader will be responsible for driving enterprise‑wide improvements to first line risk and control practices through use of AI tools, automation and standardization.
This is a key leadership role which sits on the enterprise business risk and control leadership team.
The role holder will also spearhead AI efforts for business risk and control processes, driving efficiencies and improving practices.
The role holder will focus on re‑imagining how complex operational processes can be executed using AI in a regulated, control‑intensive environment.
They will own the strategy, roadmap, and value realization for agent‑driven solutions.
The ideal candidate has deep expertise in risk and controls, strong transformation leadership and the ability to influence senior stakeholders across global, matrixed environments.
This role partners closely with Compliance, Operational Risk, Internal Audit, Technology, and business units to modernize the firm’s control environment and ensure alignment with regulatory expectations and enterprise standards.
The position may be based in Boston, New York or London and supports global coordination across key regions.
What You Will Be Responsible For
Head of Business Controls Transformation, SVP , you will
- Lead the controls transformation program, focusing on modernization, simplification, and control automation. Design and track measures of success
- Spearhead AI transformation efforts for business risk and control - partnering with second line and technology partners to reduce manual efforts and create signals and insights
- Identify and prioritize opportunities where AI automation can materially improve accuracy, cycle time, resilience, and control effectiveness.
- Partner with the EVP to design and advance the business controls roadmap and execution plans
- Partner with integrated risk management tool team to design improvements to tools and practices
- Partner with Business Risk Managers to simplify and improve first line RCSA protocols and linkage to processes, enabled by AI where possible
- Collaborate with Compliance, Operational Risk Management, Internal Audit, Technology, and business units to ensure consistency in control design and regulatory alignment
- Build and manage governance routines including steering committees, transformation forums, and senior‑level reporting.
- Develop and enhance enterprise control design standards, taxonomies, and documentation expectations.
- Identify control weaknesses, emerging risks, and opportunities to strengthen the control environment across business functions.
- Oversee cross‑functional workstreams to deliver effective, timely control enhancements.
- Prepare and present executive‑ready insights, materials, and updates for senior leadership and oversight forums.
- Enable strong first‑line ownership of risk and controls by creating simplified guidance, frameworks, and tools that drive consistent execution.
- Foster a culture of collaboration, accountability, and risk excellence across Boston, London, and global teams.
- What We Value
- Deep knowledge of risk management, business controls, compliance, internal audit, and regulatory expectations
- Tangible experience with scoping of AI use cases, implementing AI solutions and driving innovation to enable streamlining and efficiency
- Proven ability to drive large‑scale, multi‑functional transformation programs in global environments.
- Strong analytical and problem‑solving skills with the ability to structure complex issues and develop actionable solutions.
- Excellent executive communication skills, including the ability to synthesize complex information for senior audiences.
- Ability to influence across highly matrixed organizations and build strong relationships with global stakeholders.
- Strategic mindset with a focus on modernization, simplification, and operational resilience.
Education & Preferred Qualifications
- 15+ years of experience in business controls, risk, audit, compliance, or transformation in a global financial institution.
- Demonstrated experience leading enterprise‑level control or risk transformation initiatives.
- Experience in using AI to enhance risk and control processes – ideation, scoping, testing and execution
- Advanced degree or relevant professional certifications (e. g., CRCM, CIA, CISA, CRMA) preferred.
- Strong proficiency in program governance, management reporting, and control analytics.
- Additional Requirements
- Occasional travel may be required.
- Experience working across global teams, particularly in the U. S. and U. K., strongly 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 State Street. com/careers
- Read our CEO Statement
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Head of Business Controls Transformation, SVP (Senior Managing Director) employer: State Street
State Street is an exceptional employer, offering a dynamic work environment in the heart of the UK financial sector. With a strong commitment to employee development, inclusive culture, and flexible work-life balance, we empower our team members to thrive while contributing to meaningful governance initiatives. Join us to be part of a collaborative team that values your insights and fosters your professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Business Controls Transformation, SVP (Senior Managing Director)
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We think you need these skills to ace Head of Business Controls Transformation, SVP (Senior Managing Director)
Some tips for your application 🫡
Show Us Your Leadership Skills:In the corporate leadership and management field, it's essential to highlight your leadership experience. Use your CV to flesh out examples of how you've led teams to success or managed significant projects. We want to see specific instances where your actions made a tangible difference in your previous roles!
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Craft a Compelling Cover Letter:Your cover letter is your chance to narrate your professional journey. We’re looking for motivation and a clear understanding of what corporate leadership means to you. Dive into your aspirations and how they align with the values and vision of State Street. Make it personal – we want to get to know you!
Tailor Your CV for Management Roles:Ensure your CV reflects the management skills that are essential for this role. Focus on competencies like strategic planning, team building, and problem-solving. Use a clean layout, and don’t forget to align your experiences with those keywords mentioned in the job listing. This will help you stand out from the crowd!
How to prepare for a job interview at State Street
✨Showcase Your Leadership Style
You’ll want to thoroughly convey your unique approach to leadership. During the interview with State Street, be ready to share real-life examples of how you've inspired and motivated teams in the past. Think about specific achievements that illustrate your strategic thinking and your ability to drive results.
✨Brush Up on Management Theories
Expect some technical questions related to management theories and practices. Brush up on concepts like transformational leadership, servant leadership, or situational leadership. Be prepared to discuss how you would apply these theories to the role at State Street, especially in the specific context of the challenges they’re currently facing.
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Since this is a full-time leadership role, spending time thinking about your vision for State Street could really set you apart. Consider potential strategies for growth and how you would lead teams towards achieving them. This shows not just enthusiasm, but also strategic foresight that they’ll likely be looking for in a candidate.
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