Business Risk Manager AVP📣 Job Ad

About State Street

State Street is a leading custodian bank, asset manager, and asset intelligence company globally. For over two centuries, the firm has provided investment servicing, data & analytics, investment research & trading, and investment management to institutional clients, helping them safeguard and steward investments. State Street is committed to fostering a supportive work environment, offering competitive benefits, flexible work programs, and extensive development opportunities. The company values diverse backgrounds and perspectives, promoting an inclusive environment where employees can thrive and contribute to both the organization and its clients.

Role Overview

State Street is seeking a Business Risk Manager AVP to join its established presence in Riyadh, Saudi Arabia. This full-time role operates within the first line of defense, focusing on mitigating risk and partnering with executive management. The function is central to assessing and overseeing business risks, managing control programs, establishing reporting, and implementing corporate and business solutions related to operational, compliance, and technology risks. The successful candidate will provide regional expertise and leadership to local country heads in the Middle East, supporting global Business Risk Organisation activities and interacting with global teams across the three lines of defense, clients, and regulators.

Key Responsibilities

• Coordinate and oversee the execution of business line risk management practices, including regional risk assessments (RCSA/LERA), issue and incident management, key risk indicators, and control monitoring and reporting.
• Support business functions in implementing and adhering to policies, procedures, and guidelines prescribed by corporate functions such as Compliance, Enterprise Risk Management, and Technology.
• Assist with regulatory and policy assessments to ensure compliance with obligations and firm standards.
• Liaise with regional management to provide a consolidated view of legal entity risk profiles through committee representation and provision of risk metrics for informed decision-making.
• Act in an advisory and assessment capacity to ensure risks associated with new business, products, and service changes are adequately identified with proposed mitigants.
• Ensure global risk management practices and programs are implemented based on applicability for the entities, including oversight of third-party relationships.
• Identify opportunities to refine Legal Entity/Country specific requirements and harmonize global best practices.
• Partner with the second and third lines of defense and engage with local regulators and clients.
• Support a culture of risk excellence through demonstrated behavioral traits.

Qualifications and Experience

• Minimum of 7 years of experience in risk, compliance, or audit roles within the financial services industry.
• Demonstrated knowledge of regulations, products, risks, and controls within the financial services industry.
• Possession of related Risk or Compliance qualifications.

Work Environment and Culture

State Street is dedicated to creating a positive work environment, offering competitive benefits and flexible work programs to support employee needs. The company provides extensive development programs and educational support to help individuals reach their full potential. State Street champions diversity, equity, and inclusion, believing that varied backgrounds and perspectives contribute to an environment where everyone can thrive. Active engagement with communities globally is also a fundamental value, supported by paid volunteer days and matching gift programs.

Application Process

State Street is an equal opportunity and affirmative action employer. Interested candidates are encouraged to apply to join a global leader in financial services.