Senior Vice President, Head of Non-Financial Risk Management (Investment Management)
The Senior Vice President, Head of Non-Financial Risk Management, Investment Management is a senior executive responsible for leading Second Line Oversight for Compliance and Operational Risk across the Investment Management (IM) business. Reporting to the Chief Compliance and Operational Risk Officer (CCORO), this role ensures that non-financial risk management strategies, governance and practices effectively identify, assess, mitigate and report on risks, supporting business objectives, fiduciary obligations, and global regulatory requirements.
As a member of the Investment Management senior leadership team and broader Non-Financial Risk Management leadership community, this executive serves as a trusted advisor, independent challenge function, and strategic partner to business leadership, enterprise stakeholders, regulators, and governance committees.
Key Responsibilities:
Strategic Leadership:
Lead and continuously enhance the Non-Financial Risk Management framework for Investment Management, encompassing Compliance and Operational Risk, in alignment with enterprise policies, regulatory expectations, and industry standards
Serve as a senior leader for non-financial risk matters within Investment Management, providing independent oversight, credible challenge, and strategic risk advice
Advise and consult with senior business and enterprise leaders on emerging risks, control effectiveness, and risk-informed decision making
Compliance Oversight & Regulatory Accountability:
Oversee a global Compliance program supporting a complex, multi-jurisdictional Investment Management business, including monitoring, testing, risk assessment and issue management
Provide subject matter expertise and advisory support on applicable laws, regulations, regulatory guidance, and internal policies across all Investment Management activities
Manage and lead engagement with global regulators, including preparation for and execution of regulatory examination and remediation activities
Actively participate in regulatory change management process to ensure timely identification, assessment, and implementation of changes impacting the Investment Management business
Prepare and present periodic Compliance reports and program assessments to senior management, governance committees and Boards
Operational Risk Oversight:
Provide Second Line Oversight for Operational Risk across Investment Management, including risk identification, assessment, escalation and remediation
Lead independent review and challenge of First Line risk ownership through scenario analysis, loss event review, root cause analysis, and lessons-learned activities
Partner with business and enterprise stakeholders to promote effective operational risk controls, resiliency, and sustainable remediation of issues
Governance, Reporting and Stakeholder Engagement:
Represent Non-Financial Risk Management and Compliance in Investment Management and enterprise governance forums, providing effective challenge and escalation of material risk matters
Develop and deliver integrated non-financial risk reporting, including themes, trends, and emerging risk, to senior management and oversight bodies
Maintain strong partnerships with Legal, Corporate Audit, Risk Management and other control functions to support coordinated and effective risk outcomes
People & Organizational Leadership:
Lead, develop and retain a global team of Non-Financial Risk professionals, fostering a culture of integrity, accountability, inclusion, and risk excellence
Set clear objectives, performance expectations, and development priorities, supporting strong succession planning and organizational resilience
What we Value:
Deep expertise in Compliance and Non-Financial Risk Management, including Operational Risk, within a global investment management or financial services environment
Strong executive presence with the ability to influence, challenge, and partner effectively at senior levels
Demonstrated success managing regulatory relationships and leading through regulatory examinations and remediation
Ability to manage multiple priorities in a deadline-driven, highly regulated, global environment
Qualifications and Skills Include:
Bachelor's degree required; advanced degree such as JD, MBA or equivalent is strongly preferred
Minimum 20 years of progressive leadership experience in Compliance, Non-Financial Risk Management, or Operational Risk within investment management or large financial institutions
Expert knowledge of applicable global regulatory frameworks impacting investment management businesses
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
Salary Range:
$225,000 - $337,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
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 StateStreet.com/careers
Read our CEO Statement
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
