Corporate Audit SSBI & Poland, Managing Director

Who we are looking for

State Street Bank International GmbH (SSBI) is looking for a highly skilled and experienced Managing Director to lead our audit assurance coverage over State Street Bank International (SSBI) activities across all SSBI locations and support adequate coverage of outsourced SSBI activities. In this role, you will be managing a diverse team across various SSBI locations as needed and be the Head of Corporate Audit in Poland. You will develop, own and be responsible for SSBI client relationships with particular focus on Senior and Executive Management and the assurance plan over all SSBI activities. You will have tremendous insight into all parts of the bank’s daily operations and Governance Processes. You will be a problem solving partner, looking ahead to help management envision future risks and opportunities.

Further, you will provide strategic leadership across all aspects of the audit lifecycle, including, but not limited to: defining the audit universe, reviewing and approving risk assessments, setting the SSBI audit plan and overseeing audit engagements. In this role you will be part of the Corporate Audit Division, that has currently more than 300 employees worldwide.

This role is based out of Krakow, Poland and can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements. Our State Street Bank International GmbH (SSBI) Poland Hub is providing operational services for internal clients in multiple locations in State Street Bank and Trust as well as SSBI. Corporate Audit is following this approach and members of the audit team located in Poland span across multiple teams covering a variety of State Street activities, processes and controls globally in addition to SSBI activities.  In this context, the Managing Director SSBI Krakow will have a Poland oversight role to satisfy regulatory requirements and overseeing audit assurance of a product portfolio.

You will report directly to the Head of Corporate Audit SSBI, and interact closely with the global Corporate Audit leadership team pertaining to Poland-based resources that support non-SSBI audits.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, you will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Corporate Audit SSBI & Poland, Managing Director you will:

• In close collaboration with the SSBI Audit leadership, support and oversee the audit approach strategy for SSBI, including approval of audit universe, risk assessments, business area audit plan and individual audit projects, including a special focus on core activities of the bank in Poland
• Provide day-to-day leadership to the local audit team in Poland acting as a direct or matrix manager for employees supporting SSBI and non-SSBI internal audit activities
• Manage the client relationship with SSBI leadership, including Poland local leadership
• Proactively engage with senior stakeholders to provide insights on key / emerging risks and issue themes and trends
• Provide day-to-day leadership to the SSBI audit team through proactive engagement, coaching and talent development
• Oversee the timely execution of the audit plan to advance insight-drive assurance.
• Draft, review, finalize and communicate audit deliverables, including audit findings, memos and audit reports to senior and executive management
• Establish yourself as a trusted business partner and contribute to change initiatives by participation in system and business process change initiatives with strategic corporate significance by providing input on operational and technological risk issues in an advisory capacity
• Participate in department wide initiatives, challenging the department's organization, processes and services to ensure that they remain at or above peer/ industry standards
• Provide insight on the evolving regulatory environment and interact with relevant regulators, in particular the JST and local regulators
• Stay abreast of industry matters and efficiently and effectively apply applicable new developments in audit projects
• Prepare relevant reporting to key stakeholders including executive management and governance committees
• Participate as a non-voting member of various business committees and management working groups, promoting balanced discussions and encouraging challenge and debate
• Strengthen internal control disciplines and risk culture within the corporation by influencing relevant policies, promoting education/ understanding of risk and control concepts
• Work in partnership with business and division management across all lines, facilitate effective communication and coordination and develop and negotiate solutions for control deficiencies
• Proactively engage in solving complex issues and engage in projects that may extend beyond own area(s) of expertise
• Demonstrate, maintain and expand your knowledge of financial and operational internal control methodologies and terminologies (e.g. COSO), process and control industry standards, audit industry best practices and regulatory expectations, risk management practices and techniques as well as supervisory regulatory requirements such as ECB

What we value

These skills will help you succeed in this role

• Role model behavior in cross-cultural awareness and ability to connect with colleagues in SSBI and globally in establishing and maintaining a collaborative and inclusive work environment
• Strong leadership skills that gain trust and credibility across senior stakeholders
• Strategic mindset and ability to clearly articulate vision; ability to drive adoption and measure success of initiatives
• Experience developing and maintaining relationships with multiple stakeholders, including executives, senior management, regulators and audit staff
• Ability to manage complexity, effectively prioritize multiple tasks and work independently in non-routine situations and in a fast-paced environment
• Strong communication, interpersonal and leadership abilities across all levels coupled with effective problem solving, conceptual thinking, quantitative and analytical skills
• Deep knowledge and understanding of the European regulatory environment applicable to financial institutions and proven ability to research, interpret and apply regulatory requirements
• A very high degree of professionalism, professional curiosity and skepticism, leadership and proficient organizational, analytical and project management skills
• Strong knowledge about the industry and its developments
• Fluency in English is a must – written and spoken

Education & Preferred Qualifications

• 15+ years Audit experience and/or compliance/risk management in the financial industry with increasing responsibilities, including at least 10 years of managerial experience. Specific experience in either auditing custody, fund administration, depositary, transfer agent and international audit experience will be an advantage.
• University degree in economics, statistics, business administration or related field.
• Professional audit certifications preferred; a CPA, CIA or CISA is  preferred.

Additional requirements

While majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates. 

What we offer

Wide range of benefits, including:

• Hybrid work arrangement and flexible working time
• Participation in annual bonus program
• Pension plan offering
• Company car or company car allowance
• Gold private healthcare package
• Wellbeing & health programs (anonymous Employee Assistance Program, PME Family Service, trainings)
• Group accident insurance
• Regular performance reviews and structured performance management
• Mentoring program
• Personal development possibilities and extensive web based training catalogue
• Free language classes
• Global Inclusion, Global Outreach and Corporate Citizenship programs
• Dynamic, diverse, international, and multicultural working environment with English company language

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.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

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