Risk Management Consultant Jobs in Massachusetts

Who we are looking for

Reporting into the Emerging Technologies Governance Lead, the Artificial Intelligence Governance SME will execute governance, risk and control activities and help develop and maintain internal standards for artificial intelligence, commensurate with evolving risk profile, global footprint, and corporate and regulatory expectations. The role supports State Street’s strategic objectives to prioritize risk excellence and deliver innovative solutions in a safe and sound manner.

Artificial Intelligence Governance SME is a strategic role and will be engaged across all aspects of risk measurement, product development, and risk mitigation for innovative AI technologies, in partnership with global business units and lines of defense. This unique role requires in-depth understanding of artificial intelligence risks, fluency with software design and evaluation, and proven abilities to adapt governance best practices in an evolving regulatory environment.

Why this role is important to us

The function that this individual is responsible for is critical to the overall success of implementing innovative solutions enabled by artificial intelligence and other emerging technologies. Across the globe, institutional investors rely on State Street to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need talented and experienced individuals who will define the future for State Street and its customers. In this role you will strive for nothing less than to design and build a safe and sound financial infrastructure of the future.

What you will be responsible for

As Artificial Intelligence Governance SME you will:

• Implement and manage first line governance responsibilities for AI, and possibly other emerging technologies (e.g., blockchain and digital assets, quantum) in the future as our program and needs evolve
• Provide independent risk oversight and challenge, engage in due diligence and risk assessments, and design appropriate controls
• Work closely with AI developers, users, and other stakeholders throughout the software lifecycle to integrate and innovate best practices in Responsible AI, from UI design and user research to AI testing automation and observability
• Lead the development and continuous improvement of internal technical standards supporting responsible development, implementation, and use of artificial intelligence
• Collaborate across lines of defense to design, implement and monitor a control environment that effectively mitigates key risks inherent to artificial intelligence applications and be a catalyst for positive change and continuous improvement
• Become a subject matter expert on corporate program requirements, regulatory expectations and industry best practices and support as well as monitor compliance across the emerging technology implementations
• Manage a variety of key deliverables, as needed, and lead global adoption of relevant controls and best practices
• Develop and maintain relationships across State Street to influence collaboration and strategic execution
• Champion increased understanding of Responsible AI company-wide
• Support interpretation and application of evolving industry best practices and regulatory guidance
• Support responses to regulatory inquiries focused on AI and other emerging technologies
• Engage with industry development of Responsible AI and emerging technologies assurance practices, and maintain an external network

Education & Qualifications

• Minimum 8 years of professional experience (or academic with significant industry experience), including with financial services (ideally in the context of a heavily regulated global bank) and a strong history of results-driven strategic execution
• 5+ years of experience in artificial intelligence, Responsible AI, evolving technology regulation and industry frameworks, FinTech, or RegTech
• Working knowledge of common Generative AI architectures and related technical concepts
• Experience with responsible development and governance of AI and Generative AI, including but not limited to; enabling trustworthy and Responsible AI in product development and technology services; working with industry standards, Responsible AI frameworks (e.g., NIST RMF), and emerging research on AI quality and safety metrics; applying the EU AI Act and other global regulations for AI and IT
• Excellent presentation, communications, and influencing skills
• Proven ability to build collaborative relationships with internal and external partners and stakeholders

Preferred Qualifications

• Management consulting experience and/or demonstrated thought leadership (technical or policy-oriented) in Responsible AI a plus
• Degree in computer science, engineering, or a related field a plus
• Proficiency in Python and Gen AI testing automation a plus
• Entrepreneurial attitude, with experience in fast-paced corporate environments a plus

Salary Range:

$120,000 - $217,500 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.

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.

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.