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AVP2 - CFMF BRM Organization: First Line Controls Assurance

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State Street

Nov 6, 2024

  • Job
    Full-time
    Expert Level
  • Quick Apply

AI generated summary

  • You need 12+ years in audit/process assessment, risk mindset, proficiency in Microsoft Office and Archer, strong finance knowledge, excellent interpersonal skills, and strong communication abilities.
  • You will execute control testing, manage team progress, document testing steps, collaborate with stakeholders, oversee multiple controls, report review plans, and communicate results to management.

Requirements

  • 12+ years’ work experience in audit or process assessment / testing functions;
  • Risk excellence mindset for understanding and appreciation of an internal control environment, with attention to detail, problem solving, analytics and accountability
  • Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio, Teams) and Archer
  • Solid business knowledge as it relates to the financial industry; knowledge of Finance/banking products and Global Market products a plus
  • Proven interpersonal and relationship management skills with the ability to adapt to various audiences
  • Attention to detail and dedicated to the pursuit of data quality
  • Strong communication skills, both verbal and written

Responsibilities

  • Execute operational effectiveness testing of key controls;
  • Managing junior members of the team by overseeing progress against the plan, providing guidance on testing approach and individualized training (when needed) and serve as a review function for test matrices;
  • Document well thought-out control testing steps and annotated samples that articulate how a control is operating effectively to support testing results;
  • Collaborate with other groups (e.g., Business Risk Advisors, business unit management, etc.), as needed, regarding documentation requests and to discuss potential operational effectiveness issues for testing confirmation and Archer issue agreement;
  • Manage testing of multiple controls concurrently and ensuring that all deadlines are met;
  • Assist with periodic reporting of the plan of reviews;
  • Document results of testing and effectively communicate results to CFMF BRM management

FAQs

What is the primary focus of the AVP2 - CFMF BRM role?

The primary focus of the AVP2 - CFMF BRM role is to assess the operational effectiveness of key controls, identify areas of weakness and control deficiencies, and develop solutions tailored to the needs of Corporate Functions, Global Markets, and Corporate Finance.

How many years of experience are required for this position?

A minimum of 12 years of work experience in audit or process assessment/testing functions is required for this position.

What skills are essential for a successful candidate in this role?

Essential skills include strong analytical abilities, knowledge of the financial services industry, risk management expertise, team building and managerial skills, as well as strong written and verbal communication skills.

What is the expected interaction with junior team members?

The role involves managing junior members of the team by overseeing their progress, providing guidance on the testing approach, and offering individualized training when needed.

Are there specific software proficiencies required for this role?

Yes, proficiency in the Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio, Teams) and Archer is required.

What types of teams will the AVP2 - CFMF BRM collaborate with?

The AVP2 - CFMF BRM will collaborate with various groups, including Business Risk Advisors and business unit management, to discuss documentation requests and operational effectiveness issues.

What industry knowledge is advantageous for this position?

Solid business knowledge related to the financial industry is advantageous, particularly knowledge of finance/banking products and Global Markets products.

Is there a focus on documentation in this role?

Yes, the role requires documenting well thought-out control testing steps, annotated samples, and the results of testing to effectively communicate findings to management.

What is the importance of communication skills in this position?

Strong communication skills, both verbal and written, are crucial for effectively documenting testing results and engaging with various stakeholders about operational effectiveness.

Will there be opportunities for process assessments beyond control testing?

Yes, while the primary focus is on assessing operational effectiveness, the role may also involve participating in short-term targeted process assessments and deep-dive remediations as needed.

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State Street

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