Assistant Treasurer will report directly to the State Street Bank International GmbH Treasurer and will assist the Treasurer in the direction and management of the bank’s treasury activities. Oversee and direct all aspects of daily treasury activities and will have a  key role in SSBI’s Treasury organization. The Assistant Treasurer will be  principally responsible for helping the Treasurer drive strategic and regulatory  initiatives within the Global Treasury organization, including but not limited to: allocation of balance sheet capacity and help optimize the resources to facilitate business activity.

What you will be responsible for:

The incumbent is responsible for assisting the Treasurer and working collaboratively with all functional areas within SSBI and SSBT Global Treasury and with members of SSBI’s key business units/partners/stakeholders in an effort to balance commercial growth needs with regulatory expectations and the banks risk appetite.  The Assistant Treasurer will be responsible for the management, support and the oversight of day-to-day treasury activities including:

Asset and Liability Management: Manage the bank’s balance sheet strategy activities with a focus on balance sheet allocation and business limits setting, deposit pricing and localized funds transfer pricing methodology and deployment. Forecasting the bank’s balance sheet and net interest income through partnership with the business and finance. Manage the bank’s interest rate risk through scenario simulations focused on earnings, capital and value and NII at risk.Capital: Manage the bank’s and its subsidiary’s capital plan and the forecasts thereto. Manage local/SSBI rating agency relationships. Coordinate with Risk on Recovery and Resolution Planning requirementsLiquidity: Manage the bank’s overall liquidity position ensuring that the bank has access to sufficient cash and liquid assets to meet its day-to-day operational needs and unexpected demands. Optimize the bank’s liquidity profile and metrics through various data and quantitative initiatives. Monitor and manage the bank’s intraday position working with various bank stakeholders. Coordinate with Risk on Recovery and Resolution Planning.Chief Investment Office: Develop and implement the bank’s investment portfolio strategy to maximize NII while managing within the bank’s risk appetite e.g. credit, capital, liquidity, currency and interest rate risk. Responsible for trade execution for the investment portfolio and all funding activities inclusive of interest rate hedges, repo/reverse repo and FX swaps. Perform first line portfolio surveillance activities.  

Among others, the Assistant Treasurer will also assist and work closely with the Treasurer:

Documenting and driving SSBI’s Treasury’s overall balance sheet strategyCreating and driving an analytical framework for allocating SSBI’s balance sheet, capital, and liquidity resources to business consumers, with a commercial eye for the firm’s growth objectivesDriving key strategic initiatives/projects within SSBI Treasury function.Documenting and driving SSBI’s Treasury’s hedging strategy, in partnership with the Chief Investment Office and ALM teamsPartnering with Investment Services toward a well-articulated client deposit strategyManaging SSBI ALCO. Coordinating with Treasury team to ensure all relevant reporting and committee materials are updated and submitted timely to Executive Management and Supervisory Board meetingsCoordinating with Risk, Audit, Model Validation and other relevant control teams to ensure effective first line controls are in placeEnsuring all outsourcing requirements are well documented and executedEnsuring  and maintaining robust linkages between BAU capital and liquidity planning exercises, SSBI stress testing programs, RRP, Financial Forecasting, ICAAP, ILAAP,  and the ECB Stress Test while also ensuring these elements are well aligned with Parent expectations.Engaging industry peers in all Treasury disciplines to better understand best practices and industry trends

Education & Preferred Qualifications

Extensive experience (10+ years) in financial services, Global Treasury, and risk management/regulatory complianceStrong 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 testingExperience 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

 

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

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