Who we are looking for State Street Bank International GmbH (SSBI) is looking for a Business Auditor, Officer for the support of our Corporate Audit Department with focus on audit engagements on custody and depositary bank activities, who will be responsible for providing independent, objective assurance and advisory services designed to add value, minimize risk and improve the overall control environment of SSBI and State Street overall. You will interact and communicate regularly with executive management and 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. The role will be based in Munich or Frankfurt, in Germany. You will be assigned to audit projects related to the SSBI headquarters and its branches.
This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.
Why this role is important to us SSBI is a 100% subsidiary of the State Street Corporation. Our Headquarter is based in Munich with offices in Frankfurt, Zurich, Vienna, Milan, Luxembourg, Amsterdam, Paris, Krakow and Gdansk. We are offer investment services to institutional clients encompassing investment servicing, investment research and trading, and investment management. The team you will be joining plays an important role in the overall success of the organization. In Europe and across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need you and teams like yours to help navigate the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. 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 Business Auditor, Officer you will:
- Successfully participate in the planning, execution and completion of audits following a risk-based methodology in line with Division and Industry Standards as well as regulatory requirements, support recommendations for internal control improvements and preparation of audit reports providing clear messages on key risks and key audit issues.
- Perform independent and objective assessments of risks and controls to improve risk management practices and assess controls for compliance with laws, regulations, company policies and business needs.
- Prepare or review documentation of audit work in adherence with the division's risk-based audit methodology and industry standards.
- Establish strong relationships within the Corporate Audit function.
- Developing a good understanding and knowledge base of the company's operations and establish effective business relationships within the company.
- Gain and apply a thorough understanding of audits and assigned functions, including utilization of technology and active usage of Data Analytics.
- 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 and BaFin.
What we value These skills will help you succeed in this role:
- A high degree of professionalism, professional curiosity and skepticism, organizational, analytical and project management skills.
- Strong written and verbal communication, interpersonal, presentation and organizational skills.
- Ability to work independently in an international team across multiple locations with global stakeholders.
- Thorough knowledge of the European regulatory environment applicable to financial institutions and proven ability to research, interpret and apply regulatory requirements.
- Fluency in English as well as German - written and spoken.
Education & Preferred Qualifications - University degree in economics, statistics, business administration or related field.
- Professional audit certifications preferred; a CPA, CIA or CISA is a plus.
- 3-5 years Audit experience and/or compliance/risk management in the financial industry, specific experience in investment servicing and international audit experience will be an advantage.
- Experienced in evaluating and testing internal controls and in applying a risk-based audit approach as well as of the role of first, second and third line.
- Experience in investment servicing business (e.g., custody business, depositary ta