First Line Risk Manager, Officer

to join the insource organization supporting the State Street EMEA

Why State Street Bank Poland?

Operating in Europe since 1970 State Street services clients in multiple locations. State Street Bank Poland was first established in 2007 in Kraków. Today State Street Bank Poland employs over 2500 staff members at three sites across the city and will now open a new office in Gdańsk. This will offer multiple opportunities to gain experience in diverse areas of the investment fund cycle as our Poland branch provides investment fund accounting and related services to clients of multiple State Street locations and business units across Europe. We offer positions in a challenging, rapidly changing and international environment. State Street offers a significant scope for personal growth and career progression. Throughout your career at State Street you will be provided with a wide range of training opportunities and internal mobility options as well as individual development plans, attractive benefits (including Employee Savings Plan) and an excellent remuneration package. The continuous development of our employees from day one is critical as we continually seek to develop and expand the local management team and create future leaders from within.

Job Description:

Job Summary

Actively commit to developing yourself and others to drive the competitive advantage achieved through a diverse, engaged and mobile workforce. Provide excellent service and build strategic client partnerships based on knowledge of their needs and by exceeding mutual expectations. Effective Communications - Convey and receive messages clearly, with impact and empathy. Translate and adapt the pitch for each audience. Problem Solving & Decision Making - Develop solutions and provide counsel to ensure effective decisions are reached by employing timely, rigorous and logical analysis. Manage Execution – Deliver flawless execution of work products through effective plans, clear priorities and developed process management methods to ensure all resources function at optimal levels. Quality & Risk Management - Develop and maintain scorecards and metrics. Collect, analyze, package and communicate data at various levels for use by stakeholders.

Individual Accountabilities

• Under general limited supervision, provide direction to the business unit on elements of policies impacting the First Line of Defense
• Orchestrate and drive the successful and timely completion of Controls Assurance/Testing, including the identification and resolution of risks and issues
• Build strong relationships with other First Line Risk, Compliance, Risk, Audit, Legal, and business colleagues

Shared Accountabilities

• Participate in the discussion regarding first line risk management, including but not limited to risk ratings, (where applicable), validating control
• Exercise discretion and judgment with regard to matters of significance, such as designing an effective and efficient strategy for the execution of policies impacting the First Line; includes FLOD Policy implementation activities including but not limited to: Controls and Testing, Process Improvement, Reporting, Oversight, Training, Talent Management
• Prepare business for and assist with 2nd and 3rd Line reviews
• Continuously develop deep knowledge of core product, process, financial markets and technology
• Actively participate in committees and risk management projects as needed
• Retain and develop talent
• Provide regular feedback and dialogue to ensure optimal employee engagement
• Oversee production of management reporting
• Provide coaching and development opportunities to staff and responsible for completing and delivering PPRs on time
• Make effective recommendations to hire, discipline, control work, determine promotions, salary increases, bonuses and terminate employment
• Ensure self and team anticipates, monitors, actively manages and reports all risk and compliance issues, breaches and suspicious activities
• Act in accordance with Risk Excellence and role model Ethical behavior and decision making as part of our Way Ahead foundation
• Work in conjunction across First Line Risk as well as business partners and external parties as needed to resolve issues and ensure accuracy of accountabilities, and adherence to all policies/regulations/guidelines.
• Share responsibility for problem resolution requiring other State Street team’s input
• Cultivate effective relationships with internal business partners to successfully achieve organizational goals
• Share expertise with colleagues and other departments
• Drive execution of FLOD policies with First Line and other members of First Line Risk across the company with a primary focus on results

Qualifications:

Proficiency Expectation & Education/Experience Requirements: Competent to Proficient with a Bachelor’s degree or equivalent work experience with a focus in related field preferred, 4-6 years of related experience including previous experience managing staff

Core Competencies

• Exercise sound judgment in all matters
• Leverage knowledge and technology to ensure optimal results
• Drive execution of all client and business related tasks
• Provide outstanding service to all client/s - internally & externally
• Communicate effectively at all levels within the organization
• Display organizational insight & influence
• Foster collaboration & team work
• Develop talent