Business Audit - Assistant Vice President

Who we are looking for

We are looking for an, AVP to join State Street’s Corporate Global Delivery Audit Team. Corporate Audit’s assessments include internal controls over financial and regulatory reporting; compliance with laws and regulations; and compliance with significant corporate policies; in addition to the effective management of risks faced by the Company, including all global business units and legal entities, in executing on its strategic and tactical operating plans. In this role, you will operate as part of dynamic and cross functional teams responsible for the execution of individual audit engagements. Working under the direction of audit project lead, you will carry out a variety of responsibilities, which include: interfacing with business partners, executing control design assessments and operational effectiveness testing, developing audit test conclusions and drafting summary observations. You will also play a role in the onboarding and coaching of junior staff and support various departmental initiatives. This role is based out of Bengaluru, Karnataka & Mumbai, Maharashtra.

Why this role is important to us

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.

What we value

These skills will help you succeed in this role:

• The ability to operate in a complex, non-routine and fast-paced environment that requires working independently and as part of a team.
• The candidate should clearly demonstrate proficiency in evaluating and testing internal controls and in applying risk based audit skills to business unit
• Ability to clearly demonstrate proficiency in evaluating business processes, identifying inherent risk and testing associated internal controls.
• A high degree of professionalism and proficient organizational, analytical, problem solving and project management skills.
• Excellent communication (written and verbal), interpersonal and presentation skills
• Proven ability to research, interpret and apply regulatory requirements.
• Fluency in English - written and spoken.

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.

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What you will be responsible for

As AVP in the Corporate Audit Team you will:

• Perform audit work in line with the Division’s risk-based methodology and the Institute of Internal Auditor’s standards to identify and understand risk; determine control objectives; and evaluate whether controls sufficiently address identified risks through various testing techniques.
• Obtain and analyze evidentiary data as a basis for drafting informed and objective opinions on the adequacy and effectives of controls under review.
• Draft audit issues that clearly outline the identified issue and underlying root cause.
• Review corrective actions taken by management to improve deficient conditions.
• Escalate potential issues / obstacles to audit management along with proposed solutions.
• Develop and maintain understanding of internal State Street products and processes as well as relevant industry and regulatory topics.
• Develop relationships with audit clients and business partners across the lines of defense; serve as the primary audit contact for assigned area in individual audit engagements.
• Contribute to change initiatives through active participation in working groups and adoption of practices in day-to-day responsibilities.
• Assist in the onboarding of audit staff.

Education & Preferred Qualifications

• 10-14 years of experience in Public Accounting, Internal Auditing, focusing on Financial Services – custody, asset management, capital markets, alternative investments, etc.
• Bachelor’s degree, preferable in finance, accounting or related field.
• Advanced degree or certification (CFA, FRM, CPA, CIA, CA) preferred. (CISA is a plus)
• Experience in auditing information technology general controls.