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Alpha Platform Business Risk Management, VP

State Street

Alpha Platform Business Risk Management, VP

State Street

Burlington Massachusetts

·

On-site

·

Full-time

·

1w ago

Compensation

$110,000 - $207,500

Benefits & Perks

Healthcare

401(k)

Flexible Hours

Learning Budget

Paid Time Off

Healthcare

401k

Flexible Hours

Learning

Required Skills

Risk Management

Control Assessment

Analytical Skills

Leadership

Project Management

Alpha Platform Business Risk Management, VP

Who We Are Looking For

Alpha Platform is seeking an experienced risk manager to join our Business Risk Management (BRM) team. This role operates in a fast‑paced and rapidly growing environment. Candidates with risk management experience—particularly from G‑SIFI organizations and/or large public accounting firms—combined with strong technology risk and audit expertise, will be well positioned for success.

Why This Role Matters

Effective risk management is essential to our organization. As a member of the BRM team, you will support the governance, oversight, and management of business risks in alignment with the firm’s risk excellence objectives.

Key Responsibilities

  • Identify and assess risks and controls across business and technology processes.
  • Evaluate control design and operating effectiveness through periodic process and control reviews.
  • Self-identify and help the business identify control issues; analyze root causes; draft timely remediation plans; and monitor progress through closure.
  • Advise on risk and control design, acting as a strategic partner during the introduction of new technologies and business processes.
  • Support key business risk programs, including risk reviews, risk reporting, governance activities, issue/incident management, and control monitoring.
  • Coordinate and prepare for internal and external reviews, including 2nd line assessments, internal audits, and regulatory examinations.
  • Escalate potential violations of rules, regulations, policies, or procedures and recommend appropriate actions.
  • Manage resources to effectively execute the responsibilities outlined above.
  • Train colleagues in State Street methodologies and promote a culture of accountability and ownership across all levels of the organization.
  • Contribute to the strategic evolution of the Business Risk function.

What We Value

  • Ability to manage complexity and effectively prioritize multiple tasks in non‑routine environments.
  • Curiosity and willingness to learn new technologies and processes.
  • Strong analytical, interpersonal, and organizational abilities.
  • Understanding of first, second, and third lines of defense.
  • Demonstrated leadership and management skills.
  • Collaboration, influence, and project management capability.
  • Critical thinking and intellectual curiosity.
  • Initiative, ownership, and energy.
  • A team-oriented mindset and respect for others.

Education & Preferred Qualifications

  • Bachelor’s degree in information systems, computer science, or a related field.
  • Proficiency in risk management.
  • Knowledge of industry risk and control frameworks (e.g., COSO, COBIT, NIST, ISO).
  • Experience with Microsoft tools, Archer platform, Open Pages, Tableau, and Share Point.
  • Preferred certifications: CISA, CISM, CRISC, CISSP.

Who We Are

  • Alpha Platform designs, builds, and operates technology platforms and harmonizes data across the end‑to‑end investment management lifecycle. As part of State Street—a Global Systemically Important Financial Institution (G‑SIFI) and one of the world’s largest custodian banks—we play a vital role in the global financial ecosystem. For over two centuries, we have helped clients safeguard and steward the investments of millions.
  • We prioritize creating a supportive and engaging work environment. Our competitive and comprehensive benefits include health insurance, retirement savings plans, flexible work programs, and robust professional development offerings.
  • We value diversity in backgrounds, experiences, and perspectives. We welcome candidates of all identities and strive to cultivate an inclusive environment where everyone can reach their full potential. State Street also emphasizes community engagement through volunteer opportunities, matching gift programs, and access to employee networks.
  • State Street is an equal opportunity and affirmative action employer.

Salary Range:

$110,000 - $207,500 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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at State Street.com/careers

Read our CEO Statement:

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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About State Street

State Street

State Street Investment Management — formerly State Street Global Advisors (SSGA) — is an American investment management division of State Street Corporation founded in 1978 and the world's fourth largest asset manager, with nearly US$4.1 trillion in assets under management as of December 31, 2023.

10,001+

Employees

Boston

Headquarters

Reviews

3.5

6 reviews

Work Life Balance

2.5

Compensation

3.0

Culture

2.5

Career

3.2

Management

2.8

35%

Recommend to a Friend

Pros

More opportunity than other banks

Career advancement potential

Financial services experience

Cons

Slow hiring process

Poor Glassdoor reviews

Variance in firm quality opinions

Salary Ranges

76 data points

Junior/L3

Junior/L3 · Business Analyst

2 reports

$134,560

total / year

Base

$117,009

Stock

-

Bonus

-

$127,061

$142,060

Interview Experience

5 interviews

Difficulty

2.6

/ 5

Duration

21-35 weeks

Offer Rate

20%

Experience

Positive 20%

Neutral 60%

Negative 20%

Interview Process

1

Application Review

2

Recruiter Screen

3

Phone Interview

4

Technical/Hiring Manager Interview

5

Final Interview/Offer Stage

Common Questions

Technical Knowledge

Behavioral/STAR

Past Experience

Culture Fit