Who we are looking for

In July 2013, U.S. banking regulators jointly issued a Final Rule implementing the Basel III regulatory capital framework (“Final Rule”). Under both frameworks, State Street Corporation must closely review its financial products and business units to enable the quantification of risk-weighted assets in a manner that will facilitate compliance with the regulations. As a member of the Regulatory Capital team, you will focus on monthly, quarterly and annual deliverables related to the above framework and related reporting requirements. You will play an integral part on the calculation of credit, market, and operational Risk-Weighted Asset (RWA) for a large and highly complex organization.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Regulatory Capital & Basel Officer you will

• Process monthly workflows, adjustments and reconciliations for Basel III capital calculations and related internal reporting
• Serve as a subject matter expert on Basel III regulation, calculations and analysis
• Participate in the annual Advanced Systems Assessment across various functions to deliver a comprehensive assessment of the effectiveness of the Bank’s systems/processes
• Complete analytical package to interpret capital results and prepare presentation packages for senior management and Investor Relations
• Stay abreast of regulatory and reporting updates, review and interpret guidance and apply changes as needed
• Manage department policy and procedure documents, controls and self-assessments
• Develop and update complex financial models to review automated logic and generate flux analyses
• Participate in user acceptance testing (UAT) of the Risk Data Lake logic updates
• Participate in new product on-boarding
• Lead project work streams to enhancement processes

As Return On Capital Officer you will

• Participate in ad-hoc projects from regulatory capital perspective to assist the Return-On-Capital team’s ongoing management reporting.
• Develop working relationships with State Street Finance teams to drive process improvement, automation and efficiency to improve the speed and quality of flow of business performance data to management stakeholders for their portfolio allocation decisions.

What we value

These skills will help you succeed in this role

• Completes own role independently or with minimal supervision and shares own expertise with others.
• Interprets client needs and key issues in moderately complex situations, takes a broad perspective to problems and identifies solutions
• Interprets internal and/or external business issues and implements best practice
• Adapts information/style to the audience, explains difficult issues clearly with strong communication skills
• Promotes teamwork and works collaboratively

Education & Preferred Qualifications

• Undergraduate degree, preferably in Accounting or Finance
• CPA, MBA preferred
• 3-5 years of relevant Finance experience, ideally in a complex global Financial institution
• Experience managing multiple tasks in multiple locations
  

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.

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.