Who we are looking for
State Street is seeking an Assistant Vice President level employee to join the Regulatory Reporting Governance (RRG) team. The RRG team is responsible for the governance and oversight over regulatory reporting. Some of the key responsibilities for the RRG team include: providing regulatory reporting focused training, enhancing internal controls, change management, highlighting issues and/or reporting metrics to senior management, monitoring regulatory reporting related policies, and other ad hoc regulatory reporting projects, such as liaising with reporting teams and other cross-functional teams for enterprise data governance. This position will provide visibility to regulatory reporting and beyond, since the RRG team works with numerous functions with State Street to drive changes in the regulatory reporting process.
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What you will be responsible for
- Assist in the execution of the governance framework over regulatory reporting globally
- Create and deliver trainings to relevant stakeholders
- Monitor the effectiveness of the regulatory reporting accountability framework and assist in the administration of the accountability policy
- Review process documentation
- Develop and run workshops to stakeholders on key controls (Variance Analysis, Reconciliation and Manual Adjustments)
- Track and communicate changes that impact regulatory reporting, including report instructions, new products, GL, legal entities, etc.
- Compile and analyze performance metrics as part of the regulatory reporting scorecard framework
- Monitor and present regulatory reporting issues in a meaningful way, including analyzing and summarizing status from various sources
- Assist preparation of materials to be presented at the quarterly All Hands Meetings
- Build strong, long-term relationships throughout State Street organization
- Participate in all internal audits, and assurance reviews
Education & Preferred Qualifications
- 7+ progressive years working experience in accounting or regulatory reporting functions in a financial institution
- Undergraduate degree in accounting and/or finance
- External Fed reporting experience a plus
- Strong written, communication, and presentation skills, including the ability to liaise with and influence senior subject matter experts
- Must have strong organizational skills
- Must demonstrate sense of ownership and accountability for work
- Ability to multiple task and work within tight deadlines
- Ability to manage multiple responsibilities and deadlines
- Promotes teamwork, works collaboratively, and builds effective working relationships
- Provides guidance and mentoring to junior team members
- Strong interpersonal, quantitative and analytical skills and a high proficiency with MS Excel, Word, Powerpoint
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
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:
$90,000 - $142,500 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.
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