State Street US | Technology Cost Transparency & Governance Lead

Responsibilities

• We are looking for a Technology Cost Management subject matter expert, Vice President, reporting to the VP leading product, tooling, and transformation within the Global Technology Services Financial Operations Office.
• In this role you will build and lead a Technology Financial Management and Total Cost of Ownership capability within the Global Technology Services Financial Operations Office.
• This role will lead the business design and governance of State Street’s technology cost management capability, helping Global Technology Services provide clear, consistent insight into technology spend, cost ownership, optimization opportunities, and financial decisions for technology leaders and business stakeholders.
• The successful candidate will combine finance expertise, technology fluency, and strong partnership to build trusted cost transparency practices that support executive reporting, enterprise accountability, and better business decisions.
• Own the TCO/ITFM methodology, including cost pools, allocation rules, service and product costing, assumptions, and change history.
• Establish showback reporting and chargeback preparedness, including methodology, policy inputs, stakeholder alignment, and governance.
• Define the framework for identifying, sizing, tracking, and reporting cost optimization opportunities.
• Set logic for validating realized savings against targets, separating deterministic results, estimates, and advisory analysis.
• Define KPIs, reporting standards, and executive narratives that make cost transparency and optimization performance clear to senior leaders.
• Translate financial policy, business needs, and operational realities into requirements for analytics and data delivery partners.
• Validate that implemented calculations and data products reflect the agreed methodology and are suitable for leadership reporting.
• Partner with finance, procurement, infrastructure, application, cloud, service catalog, and configuration management teams to improve source data.
• Maintain documentation, assumptions, decision records, and governed methodology artifacts for consistency, repeatability, and auditability over time.
• Serve as a trusted point of contact for cost questions, aligning technical and non-technical stakeholders on definitions, logic, and results.
• Exacting standards for documentation, governance, consistency, and repeatable decisions.

Education & preferred qualifications

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Information Systems, Operations Management, or a related field preferred.
• Experience in ITFM, TCO, FinOps, finance transformation, business operations, and related fields.
• Experience defining KPIs, allocation methods, and reporting standards for executive financial or operational reporting.
• Experience translating financial and operational requirements into analytics, reporting, or data product requirements.
• Familiarity with TBM taxonomy or comparable cost frameworks.
• Experience with infrastructure, application inventory, cloud, CMDB, service catalog, or product taxonomy data preferred.
• Relevant certifications or training preferred, such as TBM Practitioner, financial analysis, technology, finance, or service management credentials.
• Experience working in financial services or another regulated enterprise environment preferred.
• Strong understanding of ITFM, TCO, cost allocation, showback, chargeback, and cost transparency.
• Ability to connect financial discipline with the operating reality of a large enterprise technology organization.
• Strong analytical judgment, including the ability to distinguish actuals, forecasts, assumptions, estimates, and recommendations.
• Experience designing or operating cost allocation, showback, chargeback, unit costing, service costing, or benefit tracking frameworks.

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