What are the responsibilities and job description for the Balance Sheet Strategy, VP position at State Street?
Who We Are Looking For
Global Treasury manages the balance sheet of State Street seeking to optimize net interest income (NII) within our risk appetite. Global Treasury's core functions include managing the investment portfolio, asset-liability management, liquidity management, funding and liability management, capital management, and rating agency relationships. Global Treasury is a key business partner for all client-facing business units, sales teams and relationship managers.
The Balance Sheet Management team is responsible for analyzing and recommending strategic alternatives for the Corporation’s balance sheet such as altering funding structures, adding new asset classes, and altering risk profile, while balancing regulatory and internal risk appetite constraints. Additional responsibilities include management of deposit pricing strategy, ownership of the calculation methodologies for funds transfer pricing (FTP) and return on capital (ROC), returns optimization, hedging strategies, and the management of balance sheet allocation limits across the company. The group collaborates extensively across all Global Treasury disciplines and across the organization and business lines to achieve these goals. Quantifying the market and regulatory risk of these balance sheet positions is necessary to provide highly valued holistic recommendations to Executive Management which are crucial in generating revenue and return for State Street.
The Balance Sheet Management VP will be responsible for collaborating with senior leaders in Global Treasury, business lines and corporate functions to design, enhance and implement balance sheet management strategies and tools with focus areas that include deposit analytics, balance sheet resource optimization, funds transfer pricing (FTP) and ROC methodologies, and hedging capabilities.
What You Will Be Responsible For
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
$115,000 - $190,000 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.
State Street's Speak Up Line
Job ID: R-766493
Global Treasury manages the balance sheet of State Street seeking to optimize net interest income (NII) within our risk appetite. Global Treasury's core functions include managing the investment portfolio, asset-liability management, liquidity management, funding and liability management, capital management, and rating agency relationships. Global Treasury is a key business partner for all client-facing business units, sales teams and relationship managers.
The Balance Sheet Management team is responsible for analyzing and recommending strategic alternatives for the Corporation’s balance sheet such as altering funding structures, adding new asset classes, and altering risk profile, while balancing regulatory and internal risk appetite constraints. Additional responsibilities include management of deposit pricing strategy, ownership of the calculation methodologies for funds transfer pricing (FTP) and return on capital (ROC), returns optimization, hedging strategies, and the management of balance sheet allocation limits across the company. The group collaborates extensively across all Global Treasury disciplines and across the organization and business lines to achieve these goals. Quantifying the market and regulatory risk of these balance sheet positions is necessary to provide highly valued holistic recommendations to Executive Management which are crucial in generating revenue and return for State Street.
The Balance Sheet Management VP will be responsible for collaborating with senior leaders in Global Treasury, business lines and corporate functions to design, enhance and implement balance sheet management strategies and tools with focus areas that include deposit analytics, balance sheet resource optimization, funds transfer pricing (FTP) and ROC methodologies, and hedging capabilities.
What You Will Be Responsible For
- 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
- Engaging industry peers in all Treasury disciplines to 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 capital and liquidity planning exercises, international stress testing programs, internal liquidity stress testing (ILST) and CCAR
- Minimum of 5-10 years of experience in financial services, Global Treasury, and/or financial risk management
- Solid content knowledge of key Treasury disciplines and regulations strongly preferred
- Strong and proven relationship building and communication skills with experience interacting with senior stakeholders and leaders
- Experience working in global functions
- Ability to manage competing priorities in a complex and dynamic environment while maintaining a consistently high level of quality
- Highly organized with a strong analytical background and extensive problem solving
- Undergraduate or Master’s degree
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
$115,000 - $190,000 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.
State Street's Speak Up Line
Job ID: R-766493
Salary : $115,000 - $190,000
