Who we are looking for

As the Compliance Risk Assessment and Risk Monitoring Specialist, Assistant Vice President, you will be based in Munich or Frankfurt, Germany, reporting directly into the head of SSBI Compliance Methodology.

In this role you will drive the design, execution and ongoing enhancement of the methodologies underpinning SSBI’s legal entity Compliance Risk Assessment and multi-year Compliance Monitoring and Testing plan. You will coordinate the execution of the risk assessment for the SSBI Head of Compliance, gathering input from Compliance Advisory colleagues across our locations and businesses. You will analyze the results, ensuring that the methodology was closely followed and that the output is accurate, complete and of high quality. You will help prepare reporting for senior-level risk committees, the Management Board and the Supervisory Board on the results of the compliance risk assessment and regarding the execution and output of the compliance risk monitoring and testing plan. In addition, you will be a point of contact for internal audit reviews related to risk assessment and monitoring & testing.

This role is perfect for someone seeking the opportunity to dive into the innerworkings of the compliance program of a significant European bank and global financial institution. Someone who is highly organized, efficient focused on producing top-quality, accurate work, and who is analytically minded and technically capable. This person is driven and innovative by nature, always seeking to streamline existing processes and find better solutions.

The ideal candidate for this role has previous experience in a risk or control function within the financial industry. They will have conducted or designed risk assessments or compliance risk monitoring plans. They will be familiar with European and German regulatory requirements applicable to compliance risk assessment and risk monitoring and testing or have a background in audit within the German or European context.

What you will be responsible for

Own and continually enhance the methodology  and related procedures for Compliance Risk Assessment and the Compliance Risk Monitoring and Testing plan

Act as a Compliance Risk Assessment coordinator for the SSBI Head of Compliance, providing robust support during the risk assessment cycles and producing reporting on risk assessment activities to the appropriate governance committees

Own and continually enhance methodologies and procedures related to the multi-year compliance risk monitoring and testing plan, in close partnership with our Compliance Advisory and dedicated compliance risk testing team in Poland

Facilitate regular and ad hoc updates of the compliance risk assessment and provide summary reporting to management

Utilise internal dashboards to source quantitative Risk Assessment data (e.g. findings, controls etc.) to complete the semi-annual refresh

Support the SSBI Head of Compliance by providing feedback to relevant risk assessments performed by other functions

Know and understand the firm’s top risk areas, understand how they manifest and help ensure they are robustly and accurately assessed

Maintain a strong connection and feedback loop between the risk assessment and the risk monitoring and testing plan
 

What we value

These skills will help you succeed in this role

Strong analytical and problem solving skills, with exceptional attention to detail.

Proven organizational skills with an ability to prioritize, work under pressure and meet tight deadlines.

Effective communication skills, including strong writing and presentation skills.

Strong collaboration and interpersonal skills, with the ability to establish credibility and strong partnership with Compliance and business partners.

Strong knowledge and experience of risk assessments and control frameworks, issues management and risk control and self-assessment (RCSA) processes

Knowledge and experience regarding relevant German and European regulatory frameworks

Education & Preferred Qualifications

Completed university degree in a related discipline

Three to five years of experience in a related field (e.g., financial services, banking, consulting, audit)

Relevant experience in a risk or control function of a highly regulated, international firm

Fluency in English is required

German fluency is an advantage

Experience in risk assessment methodologies, tools and techniques

Proficiency in PowerPoint, Excel and Word

LEAN, Agile, Six Sigma certifications a plus

Relevant professional certifications (e.g., CIA, CPA, ACCA, CISA, CFE, statutory auditor etc.) a plus

We offer

Flexible working time

Work from home days might be possible depending on the role

Depending on legal entity 37,5 or 40 working hours per week

Pension plan offering

Wellbeing & health programs (anonymous Employee Assistance Program, PME Family Service, trainings)

Group accident insurance

Mentoring program

Regular performance reviews and structured performance management

Personal development possibilities and extensive web based training catalogue

Free German and English language classes

Global Inclusion, Global Outreach and Corporate Citizenship programs

Dynamic, diverse, international, and multicultural working environment with English company language

About State Street

What we do. 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 organisation 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.

Discover more at StateStreet.com/careers

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