Job Summary

An opportunity exists for the position of Assistant Vice President within the Derivatives Implementations & Change Management team in North America. Focused on STP & Automation efforts, the incumbent will be responsible for new business integration & change management in the Derivatives COE. This team is also responsible for supporting continuous operating model enhancements across the lifecycle of derivatives servicing, from trade management through to accounting, pricing and reconciliation - for back office, middle office and Alpha clients.

Job Duties and Responsibilities

Core Competencies

Fuel Innovation- Capitalize on new ideas to reinvent ourselves and the businessAct Globally - Understand different perspectives and cultures to align management practices to fulfill business strategyClient Focus & Consultation - Provide excellent service and build strategic client partnerships based on knowledge of their needs and by exceeding mutual expectations Problem Solving & Decision Making - Develop solutions and provide counsel to ensure effective decisions are reached by employing timely, rigorous and logical analysisManage Execution - Deliver flawless execution of work products through effective plans, clear priorities and developed process management methods to ensure all resources function at optimal levelsQuality & Risk Management - Drive high quality outputs and ensure that organizational risks are managed through embedding effective controls

Individual Accountabilities

Product expert for Centre of excellence. Comprehensive and demonstrated knowledge of overall process and operating modelsDevelop and deliver training/coachingEnsure SOPs/regulations are met and escalate as neededSubject matter expert for corporate committees and initiativesExercise discretion and judgment with respect to matters of significanceCollaborate with internal and external groups to identify, analyse and proactively resolve issuesResolve issues, make exceptions and prioritize actionsEncourage suggestions for, and implementation of, continuous improvements to core products and servicesHelp others adapt to new values, attitudes, norms and behaviours that support new ways of doing work and limiting riskIdentify and report all risk and compliance issues, breaches and suspicious activitiesShared Accountabilities

Effectively interact with internal and external clients to provide support on a global basisEffective communication to resolve complex issues and support implementation of process improvementsDevelop effective relationships with peers by sharing expertise with colleagues and other departmentsLiaise with internal groups to maintain SOPs, internal and external auditsCultivate effective relationships with our internal and external global partnersShare responsibility for participating in corporate committees and initiativesShare expertise with colleagues and other departmentsShare coaching and development of staff with managerDevelop and maintain proceduresAct in accordance with Risk Excellence as part of our Way Ahead foundation

Education, Experience and Key Skills

Bachelor’s Degree in technology, finance, business or equivalent8 years of related financial services experienceStrong OTC Derivatives Product KnowledgeClient on-boarding and/or large project implementation experienceAn understanding of Change ManagementAbility to evaluate and analyse complex dataExperience in Middle or Back Office Operations an advantageExperience in documentation of Operational processesExperience with project management methodologyDirect client facing experienceStrong analytical and solid time management skills, able to prioritizeStrong communication and interpersonal skillsAgile project methodology experience and testing support experience is preferredAn understanding of in house applications an advantage  – DHUB, MTEX, TIER, MCH, RKS, ESP, GTM, ADP.Team Player with can-do attitude

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

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.

Salary Range:

$100,000 - $160,000 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.

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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