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Global Treasury - Balance Sheet Management, VP (M/F/D)

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State Street

Nov 8, 2024

  • Job
    Full-time
    Senior & Expert Level
  • Business, Operations & Strategy
    Banking & Finance
  • Quick Apply

AI generated summary

  • You need 5+ years in financial services, expertise in capital and liquidity risk, strong regulatory knowledge, cross-functional leadership, and excellent communication skills.
  • You will allocate balance sheet resources, drive hedging strategies, engage with industry peers, support client deposit strategies, assess balance sheet positions, and ensure effective controls.

Requirements

  • Experience (5+ years) in financial services, Global Treasury, and risk management/regulatory compliance
  • Strong content knowledge of capital, liquidity and interest rate risk, as well as key regulatory requirements in each discipline
  • Strong understanding of regulatory requirements/ guidelines, capital and liquidity stress testing
  • Experience leading organization-wide cross-functional programs, successfully managing competing priorities in a complex and dynamic environment and interacting with senior stakeholders to drive convergence.
  • Excellent verbal, written, interpersonal and organization skills with experience preparing materials for C-suite and board communications.

Responsibilities

  • The incumbent is responsible for working collaboratively with all functional areas within Global Treasury and with members of State Street’s key business units in an effort to balance commercial growth needs with regulatory expectations and key risk limits. Among others, key areas of focus include:
  • Creating and driving an analytical framework for allocating SSBI's limited balance sheet, capital, and liquidity resources to business consumers, with a commercial eye for the firm’s growth objectives
  • Documenting and driving SSBI's hedging strategy, in partnership with the Chief Investment Office and Interest Rate Risk team
  • Engaging industry peers in all Treasury disciplines to better understand best practices and industry trends
  • Partnering with Investment Services toward a well-articulated strategy for raising and maintaining client deposits, informed by regulatory developments and the firm’s growth needs
  • Driving key strategic initiatives within the Global Treasury function, including an assessment of the firm’s optimal structural balance sheet position
  • Coordinating with Risk, Audit, Model Validation and other relevant control teams to ensure effective controls are in place
  • Ensuring and maintaining robust linkages between BAU capital and liquidity planning exercises, and stress testing programs like ICAAP and ILAAP

FAQs

What is the main responsibility of the Global Treasury - Balance Sheet Management VP?

The main responsibility includes working collaboratively across Global Treasury and key business units to balance commercial growth needs with regulatory expectations and risk limits, particularly focusing on balance sheet resources, hedging strategy, industry engagement, and maintaining client deposits.

What qualifications are required for this position?

The position requires more than 5 years of experience in financial services, Global Treasury, risk management, and regulatory compliance, along with strong knowledge of capital, liquidity, and interest rate risk, as well as experience in managing cross-functional programs.

Is prior experience with regulatory requirements necessary for this role?

Yes, a strong understanding of regulatory requirements/guidelines and capital and liquidity stress testing is essential for this role.

Will I be interacting with senior stakeholders in this position?

Yes, interaction with senior stakeholders is a key aspect of the role, as it involves managing competing priorities and driving convergence across different functions.

What types of skills are emphasized in the job description?

The role emphasizes excellent verbal, written, interpersonal, and organizational skills, particularly in preparing materials for C-suite and board communications.

Does State Street value diversity in the workplace?

Yes, State Street strongly believes in the value of diverse backgrounds and experiences and actively promotes an inclusive environment for all employees.

What benefits does State Street offer to its employees?

State Street offers competitive and comprehensive benefits packages, which may include generous medical care, insurance, savings plans, flexible work programs, and development programs for career growth.

Are there volunteer opportunities available to employees?

Yes, employees have access to paid volunteer days, matching gift programs, and can engage with employee networks to balance their professional and personal lives.

What is State Street's stance on equal opportunity employment?

State Street is an equal opportunity and affirmative action employer, welcoming candidates of diverse backgrounds and experiences.

How can I learn more about job opportunities at State Street?

You can discover more about job opportunities and apply by visiting StateStreet.com/careers.

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