Who we are looking for
We are looking for an experienced business professional to coordinate the integration of Collateral Management for all new Alpha Clients. Alpha Collateral offers collateral solutions and capabilities to flexibly support our State Street clients. The product suite includes end-to-end collateral management, administration and servicing, analytics and optimization, and transformation.
This role involves managing all aspects of project execution, from initial planning and analysis to completion, ensuring adherence to timelines, budgets, and quality standards You will report directly to the North American Head of Collateral Management and work collaboratively with regional and global cross-business partners and cross-organizational support functions (e.g., Sales, Onboarding, Operations, Legal, Risk, and Compliance).
Want more jobs like this?
Get jobs delivered to your inbox every week.
Why this role is important to us
When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to State Street. Our number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world. The Implementation Specialist is responsible for the successful delivery of high-profile projects. The Implementation Specialist will lead cross-functional teams, coordinate with stakeholders and ensure projects are delivered in time, within budget and meet quality standards
What you will be responsible for as Implementation Specialist you will
Drive Implementation Strategy
- Develop relationships with key client contacts and ensure State Street is viewed as an integral, long-term partner
- Define project objectives, scope, and deliverables in collaboration with senior management and clients.
- Develop comprehensive project plans, including timelines, budgets, resource allocation, and risk assessments.
- Set clear project goals and track progress using key performance indicators (KPIs).
Execution and Delivery:
- Lead project teams comprising analysts, associates, and other professionals, ensuring effective coordination and communication.
- Ensure projects meet all regulatory requirements and internal standards, coordinating with legal and compliance teams as needed
Stakeholder Communication and Management:
- Act as the primary liaison between the bank, clients, and external partners, ensuring clear and effective communication throughout the project lifecycle.
- Prepare and present project updates, financial analyses, and final reports to clients and senior management.
- Build and maintain strong relationships with key stakeholders, ensuring client satisfaction and repeat business.
Financial Analysis and Reporting:
- Monitor project budgets and financial performance, identifying and addressing any deviations.
- Prepare detailed financial reports and documentation for internal and external review.
Risk Management and Quality Assurance:
- Identify potential risks and develop mitigation strategies to minimize project disruptions.
- Ensure all project deliverables meet quality standards and client expectations.
- Conduct post-project reviews to capture lessons learned and improve future project delivery.
What we value
These skills will help you succeed in this role
- Exceptional communication and interpersonal skills, capable of managing relationships with senior executives and clients.
- Understanding of or experience working in Collateral Services
- Ability to manage multiple projects simultaneously and work under pressure
- Excellent analytical and quantitative skills, with proficiency in analysis
- Proven ability to lead and manage cross-functional teams in a fast-paced, dynamic environment.
- Proficiency in project management software and tools (e.g., Microsoft Project, Clarity,).
- Capable of effectively prioritizing and escalating communication where appropriate
Education & Preferred Qualifications
- Bachelor's degree or the equivalent combination of education and experience is required; advanced/graduate degree preferred
- Certifications: PMP (Project Management Professional), PRINCE2, or other relevant certifications are advantageous
- 8+ years of collateral management, derivatives services or middle office operations experience preferred
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:
$110,000 - $177,500 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.
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.
State Street's Speak Up Line