Head of Capital Governance, VP

Who we are looking for

The Global Capital Management Team, within the Global Treasury organization, oversees State Street’s capital planning, monitoring, and analytics. The group manages our Capital position and capital ratios as well as manages and executes our annual CCAR submission and internal quarterly stress testing. We work collaboratively with the Global Treasury Risk Management (GTRM) function to ensure we are managing capital within firm policies, limits and risk tolerance while meeting regulatory expectations promulgated by the Federal Reserve, the FDIC and other regulators globally.

We are looking for a Vice President – Head of Capital Governance to join Capital Management reporting to the Managing Director, Head of Capital Management.

What you will be responsible for

• Envision, establish and lead Capital Management’s comprehensive governance, communication, and response strategy for regulatory, supervisory and internal oversight matters
• Employ strong knowledge, understanding and awareness of compliance and regulation, to advise, develop and evolve internal policies, procedures and processes to meet regulatory requirements
• Own the Capital Policy/Guidelines and Capital Plan and its administration
• Work with Stress Testing PMO and various stakeholders to facilitate CCAR and internal quarterly stress testing execution in compliance with regulatory expectations and internal controls
• Oversee control management, including implementation and testing  and be the central point of contact to track, manage, and respond to both internal and external regulatory, compliance, Risk and Audit inquiries
• Frame formal responses with detailed documentation and evidence to close out any open issues
• Key point of contact for the  New Products Review and Approval process but working with various stakeholders to ensure al Capital impacts and considerations are covered
• Ensure all policies, controls and procedures are reviewed and up to date adhered to and evidence is documented
• Foster an environment that promotes compliance, continuous improvement, appropriate and effective controls, self-detection and remediation

What we value

• Thoughtful team member capable of setting priorities for the team and is influential in their execution
• Team management skills, delegation  and motivational attitude are essential to success
• Analytical thinker capable of breaking down complex problems into measurable parts
• Ability to proactively resolve issues by working with other teams
• Strong writing abilities and comfort writing remediation plans and drafting and reviewing procedures and policies
• Experience in preparing presentations for executive management and regulators
• Independent worker that takes ownership of responsibilities and holds their work to a higher standard 

Education & Preferred Qualifications

• BA/BS degree in finance or related field
• 8 + years of relevant experience in the financial services industry, with specific experience in Capital Management
• Knowledge of financial markets and the banking regulatory environment and extensive experience working with regulators
• Strong written, verbal communication and time management skills
• Ability to multi-task, manage priorities, delegate team tasks  while maintaining focus on priorities and meet deadlines in a demanding and deadline-oriented environment
• Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high level of initiative

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:

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.