Role Summary

The Senior Business Risk Manager will play a pivotal role in the first line risk management  of client deals, focusing on the assessment of risk during the deal lifecycle and the execution of process and control reviews. This role supports the integration of lift-out’s into the firm’s risk ecosystem, ensuring alignment with internal control standards and risk governance frameworks.

Your responsibilities

As a Senior Business Risk Manager you will:

1)Risk Identification & Assessment:

• Participate in operational workshops and deal workstreams to review risks across all workstreams.
• Develop a  project specific Risk Register focused on risks identified leading up to Contract Signing and for Day 1 assessing Inherent Risks; Residual Risk, taking into account mitigating actions.
• Prepare reporting on risk related matters to be presented to the project steerco and Lift Out Steerco as required
• Support operations as relates to risk acceptances and creation of issues as required ensuring that remediation plans are robust and aligned to expected standards

2) Process & Control Reviews

• Conduct walkthrough sessions for mapped processes and sub-processes to identify inherent risks and assess control design effectiveness.
• Evaluate the adequacy, coverage, and independence of controls, compiling gaps and recommending remediation actions
• Support the execution of Risk Control Self-Assessments (RCSA)
• Contribute to uplift of control language to meet internal standards.

3) Governance and Reporting

• Support the integration of lift-out projects into the firm’s risk governance and reporting processes.
• Coordinate with stakeholders to escalate material risks and ensure timely issue remediation and documentation.
• Training & Communication

• Assist in developing and delivering training plans for risk excellence across lift-out functions.
• Support the harmonization of risk culture and communication protocols during transition and integration phases.

4) Stakeholder Engagement

• Collaborate with Business Risk Management functions, Compliance, Audit, and other control teams to align review scope and avoid duplication.
• Partner with workstream leads and project leads to ensure timely identification and escalation of risks,  challenging and advising on proposed remediation and/or mitigation plans.

What we value

Qualifications & Experience

• Previous Audit and assurance review experience within financial services
• Experience in operational risk including risk identification and control design,
• Familiarity with Risk and Control self assessments , issue management platforms such as Archer and internal control standards.
• Strong analytical and documentation skills, with ability to interpret complex process flows and control frameworks.
• Effective communicator with experience in cross-functional stakeholder engagement.

Preferred Attributes

• Experience in lift-out or M&A integration projects.
• Understanding of a bank’s risk governance and control environment.
• Ability to work independently and manage multiple priorities under tight timelines.

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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