State Street India | ALM Transformation Lead - Assistant Vice President

Responsibilities & tasks include

• The Asset Liability Management (ALM) team within Global Treasury is responsible for optimizing the company’s balance sheet while maximizing net interest revenue (NIR) within our risk appetite and regulatory constraints.
• ALM is also responsible for coordinating the company’s deposit pricing strategy, return on capital and funds transfer pricing methodologies and balance sheet strategy.
• This role sits at the intersection of Asset Liability Management, quantitative risk, technology, and business intelligence.
• This is a Senior Analyst contributor role within Treasury responsible for driving the end-to-end modernization of the ALM operating model — migrating manual, spreadsheet-intensive processes onto a cloud-powered, BI-driven platform anchored by QRM as the central calculation engine.
• Longer-term, the role will extend the ALM modernization model beyond ALM.
• Reports to : Finance COE Manager, AVP.
• Lead the migration of complex Excel-based ALM calculations into QRM, including NII simulation, EVE sensitivity, gap analysis, and liquidity stress testing.
• Own the implementation of the QRM Publish to MR functionality — designing the data flow from QRM outputs back to input transactional data to create a structured, governed time-series dataset on cloud.
• Manage the end-to-end QRM environment including scenario libraries, behavioural model inputs, repricing terms, and rate assumptions — ensuring all inputs are sourced from the single unified data layer.
• Partner with Data and IT functions to design and execute the migration of QRM time-series outputs to cloud storage.
• Establish and govern the single source of truth for ALM data — ensuring all downstream reporting, BI tools, and risk systems consume from one authoritative, reconciled dataset.
• Drive the productionalisation of the Treasury Management Dashboard (TMD), expanding coverage across ALM, Liquidity, CIO, and Capital functions.
• Build self-service reporting capability so analysts can drill into any metric by product, segment, currency, or maturity bucket without IT dependency.
• Develop time-series analytics and trend reporting to support ALCO and board-level decision making, earnings preparation, and regulatory stress-test readiness.
• Present progress and outcomes directly to the Treasurer, ALCO, and senior management, translating technical developments into business impact.
• Manage relationships with QRM vendors, cloud infrastructure teams (DART/IT), and BI platform owners.
• Track and report against audit findings, MRM items, and model risk governance requirements within the Treasury Management Dashboard.
• Support headcount planning, IT budget management, and implementation milestone tracking.
• Define the data architecture that stitches QRM outputs to input transactional data in the cloud, enabling full lineage, audit trail, and automated refresh.
• Deploy Power BI dashboards on top of structured QRM outputs and cloud-hosted time-series data, replacing manual Excel-heavy reporting workflows.
• Produce NII and EVE attribution analysis that explains rate risk movements driver-by-driver, linking risk metrics directly to commercial margin outcomes.
• Works effectively across ALM, Liquidity, CIO, and Capital functions as well as IT, Data, Modeling, Risk, Audit, QRM vendor, and BI platform teams — this role is inherently cross-functional

Requirements

• 8–10 years of experience in Asset & Liability Management, Treasury, or interest rate risk at a bank, custodian, or financial institution.
• Hands-on experience with QRM (Quantitative Risk Management) including model configuration, scenario design, NII/EVE simulation, and ideally Publish to MR or attribution modules.
• Demonstrated experience leading or materially contributing to an ALM or treasury technology transformation — not just working within an established model but rebuilding or modernizing one.
• Experience designing or working with cloud-based data architectures for financial risk data — Azure, AWS, or GCP data lake environments.
• Able to take a highly technical QRM output or cloud architecture and communicate the business impact clearly to a Treasurer, CFO, or ALCO board.
• Track record of deploying BI tools (Power BI, Tableau, or equivalent) on large financial datasets to replace manual Excel-driven reporting.
• Familiarity with regulatory frameworks including IRRBB (BCBS 239), LCR, NSFR, and internal stress testing requirements.

State Street

State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.

In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.

• Industry: Financial services — custody, fund services and investment management
• Headquarters: Boston, Massachusetts, USA
• In India: Offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City (Gandhinagar)