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Finance Regulatory Reporting, VP

State Street

State Street

Accounting & Finance, Legal
Boston, MA, USA
Posted on Wednesday, May 8, 2024

Who we are looking for

State Street is seeking a Vice President in the Recovery and Resolution Planning (RRP) Office which organizationally sits within Global Treasury. The RRP Office is responsible for the US and international Recovery and Resolution plans, which identify options to recover financial strength and viability under severe stress and details the roadmap for executing on our preferred resolution strategy in the event of severe financial crisis.

This Vice President role is focused on leading governance and management activities required for (i) the development and submission of State Street’s recovery and resolution plans, (ii) the planning and execution of key initiatives related to recovery and resolution planning, and (iii) providing complete and timely responses to regulator inquiries. Qualified candidates will be highly motivated to provide leadership and advance within the team, have the ability to effectively collaborate with colleagues across a large organization, and demonstrate strong communication skills.

Primary skills for the candidate to be successful in this role include the ability to: (i) distill complex regulatory requirements and related updates / enhancements into well-written and detailed narratives within defined timeframes, (ii) balance numerous workstreams in driving effective completion of key deliverables, and (iii) present to bank executives and regulators on recovery and resolution topics as part of a highly visible team representing State Street.

Primary Responsibilities:

  • Coordinate with RRP team and other business area colleagues on ongoing maintenance and improvement of the RRP program; provide specific support on governance related plan content
  • Maintain knowledge of RRP regulatory requirements and work with RRP Legal on mapping requirements against plan content
  • Organize governance committee agendas, including managing forward topics, coordination of presentation materials, completion of meeting minutes, and tracking of action items
  • Develop response and presentations to address frequent regulator inquiries and meeting requests, including submitting materials by the required deadlines
  • Organize content in plan documentation system used for plan submissions, finalize review and formatting, and submit large volume of content by required deadlines through regulator platforms
  • Lead the status monitoring and reporting of project plans across all workstreams
  • Manage third party risk and contract requirements for system vendors and outside advisors
  • Manage the RRP key plan controls in a centralized platform

Qualifications and Skills:

  • Bachelors or equivalent degree required in a business related field
  • 7-10 years of relevant financial industry experience preferred
  • Excellent writing skills along with ability to present effectively on complex topics, with strong attention to detail and accuracy
  • Strong organizational skills, with an ability to work in a dynamic situation with changing priorities while still meeting deadlines
  • Highly proficient with PowerPoint, Word, Excel, and other reporting and documentation tools

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:

$110,000 - $185,000 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.