State Street US | Global Markets & Credit Finance Business Unit Controller, Managing Director

Responsibilities

• The individual will be responsible for providing strategic financial leadership, accounting governance, and controllership oversight globally for State Street’s Markets and Credit Finance businesses.
• This role, and the team it oversees, serves as the lead Controllership partner for the Markets and Credit Finance senior management.
• The successful candidate will combine deep technical accounting expertise with a comprehensive understanding of capital markets and credit finance, including foreign exchange, securities financing, derivatives and a variety of loan structures.
• As part of this role the individual will serve as a key Controllership representative in Markets and Credit Finance project, governance and risk forums.
• This role serves as a key advisor to executive management and provides
• 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.
• Provide end-to-end financial controllership oversight for Markets and Credit Finance activities globally, including FX trading, securities financing, derivatives, and lending products.
• Maintain accountability for the integrity, accuracy, completeness, timeliness and transparency of the business units financial results at both a State Street corporate and local legal entity basis.
• Lead quarterly and annual financial reporting reviews, certifications, and executive-level presentations.
• Coordinate with Controllership and business teams to ensure an efficient, appropriately designed and well-controlled daily operating and close process is in place.
• Maintain, establish and oversee metrics for the complex trading and financing transactions, identifying potential issues, monitoring and proactively addressing any potential gaps.
• Serve as the primary Controllership advisor to Markets and Credit Finance executive leadership.
• Partner with business heads on strategic initiatives, acquisitions, product launches, system implementations and market expansion opportunities.
• Support long-range planning, financial forecasting, and strategic decision-making.
• Act as the senior escalation point, while partnering closely with Accounting Policy, for complex accounting interpretations and technical accounting matters impacting Markets and Credit Finance businesses.
• Controls, Governance & Regulatory Leadership.
• Maintain a robust and sustainable internal control framework across Markets and Credit Finance activities.
• Lead efforts in the Markets and Credit Finance area to ensure compliance with Sarbanes Oxley.
• Serve as the Controllership representative on governance committees and risk forums.
• Own relationships with Internal Audit, External Audit, and regulatory stakeholders.
• Drive timely remediation of control deficiencies and audit observations.
• Ensure compliance with statutory and regulatory, reporting obligations across relevant jurisdictions.
• Lead finance transformation initiatives that improve efficiency, controls, scalability, and data quality.
• Partner with Technology, Operations, and Finance Transformation teams on strategic systems implementations and process redesign initiatives.

Requirements

• Prior to the launch of new business activities evaluate, and provide advice on, the accounting, reporting, and governance.
• Minimum 10+ years of progressive Controllership or Finance leadership experience, either within or in direct support of a regulated financial institution.
• Significant experience supporting trading, capital markets and /or lending businesses.
• Deep knowledge of U.S. GAAP, financial reporting, and internal control frameworks.
• Proven ability to influence executive stakeholders and lead cross-functional initiatives across large organizations.
• Prior experience serving in a Business Unit Controller role, or equivalent senior finance leadership position.
• Expertise in FX trading, derivatives, securities lending, repo and loan transactions.
• Experience evaluating balance sheet, P&L, capital and liquidity implications of trading and lending activities.
• Demonstrated success leading large-scale finance transformation and system modernization programs.
• Experience leading geographically dispersed global teams through change and transformation.
• Ability to balance technical accounting rigor, business partnership, and enterprise governance, while operating in a highly regulated, fast-paced environment.
• Strong executive presence with the ability to communicate and influence effectively with senior management, governance committees, and regulatory stakeholders.
• Experience managing internal and external audits and interacting with regulators.

State Street US

State Street US is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "For us, success comes in the mark we make as an organization– for the industry, our clients, our communities and each other."

Its finance, accounts, audit and tax openings in India are mostly in Boston, Quincy, Clifton and Kansas City.

• Industry: BFSI / Investments / Insurance