Who We Are Looking For
The Chief Financial Officer (CFO) of the Client Coverage Group (CCG) and Chief Operating Office (COO) is a “dual hatted” Managing Director level position based in Boston and responsible for the development and execution of the financial strategy for the CCG and COO businesses of State Street Investment Management (SSIM).
This key Managing Director level leadership position will partner with global and regional sales leadership as well as the COO for the IM business to ensure that their organizations’ results are reported accurately and in a transparent and timely manner. The incumbent will also ensure that there is accountability and sound tracking and measurements for all projects. This role will report directly to the IM CFO.
SSIM is the asset management division of State Street and is the fourth largest asset manager in the world, with ~$5.7 trillion in assets under management, including close to $2 trillion in ETFs. The vision of the business is be the world’s leading partner and provider of innovative investment exposures and tailored solutions for clients.
What You Will Be Responsible For
As MD CFO for CCG and COO you will
- Be responsible for designing and executing the strategic financial management priorities for the CCG and COO businesses, including planning and budgeting, forecasting, management reporting, pricing, and client profitability
- In partnership with business leaders, monitor all aspects of financial tracking of strategic investments pertaining to the both businesses
- Act as key partner to the HR Business Partner focusing on Sales Incentives plan administration, calculation and reviews and Talent Acquisition offers
- Manage a global Finance team of mostly indirect reports, as well as various senior leader stakeholder relationships to improve the standard of financial analytics and reporting and bring transparency to the financial statements for the CCG and COO business leaders
- As a key member of the IM Finance leadership team (Core Group), be responsible for providing input to the IM CFO and other IM Finance leaders to identify strategic risks and opportunities and recommend courses of action
- Lead productivity, pricing and profitability exercises
- Partner with the IM Central FP&A team on budgeting, forecasting and multi-year strategic planning process as well as month to month P&L variance analysis and quarterly earnings deliverables to Investor Relations
- Partner with the Global Accounting Organization (GAO) group to improve timeliness and accuracy in the financial statements.
- As an MD and senior finance leader you will serve on various business committees and hold a number of legal entity and fund board administrative roles
- Attract, develop, motivate and retain a diverse next generation of Finance talent
What We Value
These skills will help you succeed in this role
- Forward thinking, innovative and influential leader
- Strong execution, collaboration and strategic skills
- Champion of employee development and engagement
Education & Preferred Qualifications
- Broad Finance & Accounting global leadership experience with 15+ years of experience, including FP&A experience, working in financial services
- Experience overseeing business unit planning and budgeting process, and experience with management reporting processes
- Experience managing large global teams
- Has served as a key advisor to senior business leaders and Finance executives
- Proven and successful track record of implementing key financial and business priorities
- Asset Management experience a plus
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:
$170,000 - $267,500 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.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
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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.
Job ID: R-783438
