Head of Audit Methodology, Vice President
Head of Audit Methodology, Vice President
Location: Boston, Massachusetts; Toronto, Ontario; London, England; Jersey City, New Jersey
Time Type: Full time
Posted On: 6 Days Ago
End Date to Apply: March 31, 2025
Job Requisition ID: R-753061
Who We Are Looking For
As a direct report to the Head of Corporate Audit (CA) Practices, the Head of Audit Methodology will support the Head of CA Practices in maintaining the Department Methodology in accordance with the IIA’s International Standards for Professional Practice of Internal Auditing and applicable regulatory guidance. In this role you can be based out of Boston, New Jersey, or Toronto.
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.
What You Will Be Responsible For
* Maintain/update the CA audit methodology and associated governance documents, procedures and templates, including maintenance of applicable areas of Audit Central and other tools.
* Develop and facilitate training courses to communicate new or revised audit methodology concepts, tools and techniques to the department.
* Serve as the department’s audit methodology subject matter expert, including consulting with and advising audit teams in unique or complex situations.
* Stay up to date with audit practices in the industry, trends, and impactful events in order to make methodology enhancement recommendations.
* Monitor and analyze new or revised IIA standards, guidance and publications; make recommendations and lead the implementation of any action plans.
* Perform gap assessments against new or revised internal audit-related requirements and guidance from US and non-US regulators, make recommendations to mitigate any gaps, and lead the implementation of any action plans.
* Collaborate with first and second line assurance teams to share best practices, understand assurance activities performed across the organization and align on risk and control processes, where feasible.
* Represent Methodology as part of the M7 Working Group, providing requirements to ensure M7 system functionality incorporates and aligns to audit methodology needs.
* Lead department Methodology Steward program, coordinating activities and deliverables of the group, including New Hire Corporate Audit Methodology Workshops.
* Coordinate with Department Quality Assurance function for awareness of QA themes and trends, incorporating updates into methodology to promote consistent quality and conformance with IIA standards.
What We Value
* Effective communication skills, with an energetic, charismatic and approachable style.
* Self-motivated, detail-oriented, and ability to multi-task, balancing business as usual activities and change initiatives informed by the strategic roadmap.
* Ability to drive processes that ensure strict deadlines are met while managing multiple concurrent deliverables.
* Demonstrated success in business, functional and people management.
* Role model behavior in cross-cultural awareness and ability to connect with colleagues globally.
* 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.
Education & Preferred Qualifications
* 10+ years of experience in a related role with internal audit production, methodology, and/or internal audit quality assurance experience.
* Bachelor’s / University degree, preferable in finance, accounting or related field.
* Advanced degree or certification (CFA, FRM, CPA, CIA) required.
* Knowledge of and experience with Internal Audit Standards and related regulatory requirements (IIA, FRB SR13-1, CIIA, etc.).
* Proficiency in English is required, and knowledge of other languages is advantageous.
Additional Requirements
Some domestic and international travel may be required to various locations where State Street operates.
Are You the Right Candidate? Yes!
We believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. 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. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow: We strive to create a great work environment. Our benefits packages are competitive and comprehensive, including generous medical care, insurance and savings plans, flexible Work Programs, and development programs.
Inclusion, Diversity, and Social Responsibility: We value our employees’ diverse backgrounds and experiences. We are committed to creating an inclusive environment where everyone can thrive. You will have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks.
State Street is an equal opportunity and affirmative action employer.
Salary Range: $115,000 - $190,000 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, the applicable range could differ.
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