State Street

Job Description

For the Business Control department in our company State Street Bank International GmbH in Frankfurt (Solmsstraße) we are looking for a Business Controls Officer (m/f) – Job ID R-583188.

Major Responsibilities

  • Support Business Controls for State Street Bank International GmbH legal entity (GS Germany / Austria) with the implementation of First line of defense (FLOD) policy; including where applicable leading and/or advising allocated FLOD work streams
  • A detailed understanding of the scope of FLOD policy and provision FLOD Policy SME support to all stakeholders
  • Attend in running and maintaining FLOD implementation meetings
  • Ensure consistent implementation of FLOD policies and procedures are implemented across the business units as appropriate
  •  Develop and retain effective working relationships and communications with State Street Bank International GmbH businesses and Business Controls team
  • Drive and lead assurance testing, as applicable, for the related businesses and functions
  • Ensure appropriate management information is produced and reviewed at appropriate intervals

Education, Experience and Skills

  • Successfully completed Bachelor’s or Master’s degree or equivalent education
  • Several years of related experience
  • Prior experience in Operational Risk Controls Work, Audit or Compliance function is essential
  • Advanced level knowledge of an Operational Risk based controls testing programme
  • Advanced knowledge of Minimum Requirements for Risk Management (MaRisk) and the German Banking Act (Kreditwesengesetz – KWG)
  • Advanced knowledge and understanding of the custody and fund administration industry
  • Proficiency in Microsoft applications
  • Ability to be flexible and to adapt to changing circumstances
  • Exhibits strong attention to detail
  • Proficiency in German and English written and spoken
  • Ability to work collaboratively and influence across multiple stakeholders
  • Ability to work effectively with all levels of management
  • Excellent communication skills
  • Self-motivated and capable of working independently as well as be an effective team player and collaborator
  • Demonstrates effective time management skills and has proven ability to multi-task


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