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Alpha Platform Business Risk Management, AVP

Job Description – Alpha Platform Business Risk Management, AVP

Who we are looking for -

Alpha Platform is looking for an experienced risk professional to join their Business Risk Management (BRM) team. A candidate for this position is expected to work in a fast-paced environment akin to a commercial software company in order to meet the expectations of this rapidly growing business. Risk management skills, especially those acquired at G-SIFI organizations and/or large public accounting firms, balanced with technology and data skills will contribute to a candidate’s success in this position. This is a full-time position located at our Burlington, Massachusetts office.

Why this role is important to us -

Effective risk management is a top priority for a G-SIFI organization. As a member of the BRM team you will assist in the execution of a risk management program aimed at governing, overseeing and managing risks, in support of the firm’s risk excellence goals.

What you will be responsible for -

  • Identify and assess risks and controls within business and technology processes
  • Test design and operating effectiveness of controls as part of periodic required process and control reviews
  • Self-identify, and assist the business in self-identifying, control issues, analyze their root causes, draft / assist in drafting appropriate and timely remediation plans, and continuously monitor remediation progress
  • Advise the business on risks and control design, adopting a partnership approach, especially during introduction of new technology and business processes
  • Assist with the execution of key business risk programs, including regular risk reviews, risk reporting, oversight and governance activities (including issue and incident management), and monitoring control performance
  • Assist with the preparation and coordination of outside reviews, including audit events and/or regulatory examinations
  • Escalate any perceived violations of rules, regulations, policies, procedures and recommend a course of action

What we value -

  • Ability to effectively prioritize multiple tasks and work independently in non-routine situations
  • Willingness to learn new technologies and processes
  • Strong analytical, interpersonal, organizational, research, and communication (verbal and written) skills
  • Good understanding of the role of first, second and third line of defense
  • Strong influencing, collaboration, and project management skills
  • Critical thinking and intellectual curiosity
  • Initiative, ownership and energetic
  • Excellent analytical skills
  • Self-motivation, self-assurance and self-management
  • Excellent team player and treating others with respect

Education & preferred qualifications -

  • University degree in information systems, computer science, or related field
  • Proficiency in IT and risk management
  • Knowledge of industry Risk and Control frameworks (COSO, COBIT, NIST, ISO, etc.)
  • Experience with Microsoft Tools, Archer platform, Open Pages, Tableau, SharePoint
  • Technical certifications preferred e.g. CISA, CISM, CRISC, CISSP

Who we are -

  • Alpha Platform builds and operates technology platforms and harmonizes data for use across the end-to-end investment management cycle so clients can overcome silos, work smarter and stay in sync. The Alpha Platform organization includes Alpha Data Platform, Charles River Development, Mercatus, Commercialization, and Platform Management. We are part of State Street, a Global Systemic Important Financial Institution (G-SIFI), who 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 in 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.
  • We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in location, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
  • We truly believe our employees’ diverse backgrounds, experiences and perspective 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.

Salary Range:

$80,000 - $132,500 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.

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.

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Average salary estimate

$106250 / YEARLY (est.)
min
max
$80000K
$132500K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Alpha Platform Business Risk Management, AVP, State Street

Alpha Platform is on the lookout for a dynamic Alpha Platform Business Risk Management, AVP to enrich our Business Risk Management (BRM) team in Burlington, Massachusetts. In this exciting role, you will immerse yourself in the vibrant atmosphere of a fast-paced environment similar to that of a commercial software company, bringing your expertise to help us navigate the complexities of risk management. A successful candidate will possess a blend of risk management skills, ideally honed in G-SIFI organizations or significant public accounting firms, combined with a strong acumen in technology and data analytics. You will work closely with the team to dissect and assess risks associated with our business and tech processes, testing the design and effectiveness of controls, and tackling any identified control issues. Your proactive partnership approach will guide the business through the exciting challenges of new technology and processes. Additionally, you'll play a key role in executing business risk programs, overseeing critical reports, and managing issue and incident responses. We value a self-starter with excellent analytical skills, a knack for prioritizing tasks, and the ability to communicate effectively both verbally and in writing. A robust educational background in information systems or a related field, alongside experience with industry risk frameworks and technical tools, will set you up for success. By joining the Alpha Platform team, you will be part of a groundbreaking effort to redefine financial services in an inclusive environment where every individual can thrive and contribute to our mission of delivering exceptional service to our global clients. So if you’re ready to make an impact, we’d love to hear from you!

Frequently Asked Questions (FAQs) for Alpha Platform Business Risk Management, AVP Role at State Street
What are the main responsibilities of the Alpha Platform Business Risk Management, AVP?

The main responsibilities of the Alpha Platform Business Risk Management AVP include identifying and assessing risks, testing controls, advising on risk and control design, and executing key risk programs. The role requires a proactive approach to monitoring, reporting, and supporting the business in managing technology and operational risks effectively.

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What qualifications do you need for the Alpha Platform Business Risk Management, AVP role?

For the Alpha Platform Business Risk Management AVP position, candidates typically require a university degree in information systems, computer science, or a related field, along with proficiency in IT and risk management. Familiarity with industry Risk and Control frameworks is crucial, and technical certifications like CISA or CISSP may enhance your candidacy.

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How does the Alpha Platform Business Risk Management, AVP support new technology implementations?

The Alpha Platform Business Risk Management AVP plays a pivotal role in guiding the introduction of new technologies by partnering with the business to ensure proper risk assessments and control designs are in place. This collaboration helps mitigate potential risks associated with technology changes, ensuring a smoother transition.

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What skills are essential for a successful Alpha Platform Business Risk Management, AVP?

Essential skills for the Alpha Platform Business Risk Management AVP include strong analytical abilities, communication skills, and a capability for project management. Candidates also need to exhibit critical thinking and collaboration skills, as well as the capacity to adapt in a fast-paced environment.

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What is the company culture like at Alpha Platform for the Business Risk Management, AVP position?

The company culture at Alpha Platform is inclusive and supportive, fostering an environment where diversity is celebrated, and different perspectives are valued. Employees are encouraged to engage with their communities and participate in various development programs, ensuring everyone feels empowered to achieve their full potential.

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Common Interview Questions for Alpha Platform Business Risk Management, AVP
Can you describe your experience with risk assessment and control testing?

When answering this question, be specific about your previous roles involving risk assessments. Mention specific methodologies you've applied, tools you’ve used for control testing, and the outcomes of your assessments. Highlight your critical thinking and analytical skills, and how they contributed to improving processes.

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How do you prioritize tasks when handling multiple risk-related projects?

In your response, illustrate your organizational skills by detailing how you assess the urgency and impact of each project. Mention any tools or methods you use to keep track of tasks and deadlines, and provide an example of successfully managing multiple priorities in a past role.

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What frameworks are you familiar with in risk management, and how have you applied them?

Discuss your familiarity with popular risk management frameworks, such as COSO, NIST, or COBIT. Provide examples showing how you implemented these frameworks in your previous positions and the value they added to risk assessments or control designs.

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Describe a time you identified a significant risk in a business process.

Focus on a specific instance where you identified a risk and explain the situation, your analysis, and the steps you took to address it. Emphasize your analytical skills and any collaborative efforts with your team or stakeholders to remediate the risk.

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How would you approach advising a business unit on control design?

In your answer, highlight your collaborative approach. Discuss how you gather inputs from various stakeholders, analyze the business unit’s processes, and present tailored control recommendations. Emphasize effective communication and partnership in the advisory process.

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What tools and technologies do you use for risk management?

Be specific about the tools you’ve used, such as risk management software, data analytics platforms, or reporting tools. Discuss how you leveraged these tools to enhance risk assessments, reporting, and control management, and the outcomes of using them.

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What do you consider a successful outcome in risk management?

A successful outcome in risk management includes reduced risk exposure and effective control implementation. Discuss how you measure success, such as through audit results, process improvements, and overall business resilience.

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How do you stay updated on changes in risk management regulations and best practices?

Mention specific resources, such as industry publications, webinars, conferences, and professional networks that you follow. Explain how you apply this knowledge to your role to ensure compliance and proactive risk management.

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Can you give an example of a challenging regulatory review you’ve been involved in?

Share a specific experience with a regulatory review, detailing the challenges you faced and how you overcame them. Highlight your ability to navigate complex situations, working closely with regulatory bodies, and the valuable insights gained from the experience.

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How would you foster a culture of risk awareness within the organization?

Outline strategies you would employ to promote a risk-aware culture, including training programs, open communication channels, and regular risk discussions. Emphasize the importance of leadership in modeling risk awareness and encouraging all employees’ engagement.

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At State Street, inclusion and diversity are embedded in our values and culture. We know that an inclusive culture and a diverse workforce make us stronger and more successful. In a fast-paced and evolving world, we make it a priority to ensure ...

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March 31, 2025

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