The Head of Balance Sheet Management (BSM) will report directly to the Global Head of Capital, ALM and Balance Sheet Management, and is a key role in State Street's Treasury organization. The Head of BSM will be principally responsible for driving strategic initiatives within the Global Treasury organization, including but not limited to: allocation of balance sheet capacity and limited capital/liquidity resources to facilitate business activity, driving key methodologies for performance measurement (e.g., FTP, ROC), and coordinating with Investment Services on deposit strategy.
What you will be responsible for:
The incumbent is responsible for working collaboratively with all functional areas within Global Treasury and with members of State Street's key business units in an effort to balance commercial growth needs with regulatory expectations and key risk limits. Among others, key areas of focus include:
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- Creating and driving an analytical framework for allocating State Street's limited balance sheet, capital, and liquidity resources to business consumers, with a commercial eye for the firm's growth objectives
- Owning and refining key performance management methodologies including Funds Transfer Pricing (FTP) and Return on Capital (ROC)
- Documenting and driving Global Treasury's hedging strategy, in partnership with the Chief Investment Office and Interest Rate Risk teams
- Engaging industry peers in all Treasury disciplines to better understand best practices and industry trends
- Partnering with Investment Services toward a well-articulated strategy for raising and maintaining client deposits, informed by regulatory developments and the firm's growth needs
- Driving key strategic initiatives within the Global Treasury function, including an assessment of the firm's optimal structural balance sheet position
- Coordinating with Risk, Audit, Model Validation and other relevant control teams to ensure effective controls are in place
- Ensuring and maintaining robust linkages between BAU capital and liquidity planning exercises, international stress testing programs, ILST and CCAR
Education & Preferred Qualifications
- Extensive experience (10+ years) in financial services, Global Treasury, and risk management/regulatory compliance
- Strong content knowledge of capital, liquidity and interest rate risk, as well as key regulatory requirements in each discipline
- Strong understanding of regulatory requirements/ guidelines, capital and liquidity stress testing
- Experience leading organization-wide cross-functional programs, successfully managing competing priorities in a complex and dynamic environment, and interacting with senior stakeholders to drive convergence;
- Excellent verbal, written, interpersonal and organization skills with experience preparing materials for C-suite and board communications
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:
$170,000 - $267,500 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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