Full-Time

Business Operations

Vice President

Posted on 12/17/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$135k - $210kAnnually

Senior, Expert

Company Historically Provides H1B Sponsorship

Quincy, MA, USA

Category
Project Management
Strategy Development
Business & Strategy
Required Skills
Risk Management
Excel/Numbers/Sheets

You match the following State Street's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Strong understanding of Retiree Services and Benefit Payment products
  • Experience managing retirement program's daily operations
  • Ability to meet deadlines and navigate changing priorities
  • Provide outstanding service internally & externally
  • Communicate effectively at all levels within the organization
  • Display organizational insight & influence while fostering collaboration & teamwork
  • Exercise sound judgment in all matters
  • Develop talent
  • Strong technical skills – ability to navigate on multiple systems; strong MS Office skills, especially Excel
Responsibilities
  • Account for daily management of team members and the maintenance of assigned accounts
  • Oversee the review, validation, approval and monitoring of the process workflow
  • Assess operational effectiveness and make suggestions to streamline functions
  • Manage key relationships with client companies, regulatory and vendor organizations
  • Manage and escalate issues related to BU Shared Service and COEs
  • Manage broad array of operating standards driving innovation, strategic opportunities and best practices
  • Manage conversions of new business, plan for and review client specific agreements and internal policies
  • Ensure BCP plans are valid and tested periodically
  • Manage departments direct and indirect budgets effectively
  • Establish and maintain files including highly confidential and sensitive information
  • Assess impacts of regulatory changes
  • Develop and implement process improvements
  • Provide coaching and development opportunities to staff
  • Make effective recommendations for promotions, salary increases and bonuses
  • Serve on committees and use influence to help define and implement new company initiatives
  • Lead and coordinate key initiatives and projects
  • Provide monthly and periodic certifications on business performance and activities
  • Mitigate potential financial and regulatory risk by overseeing, and resolving issues
  • Promote a risk awareness culture in staff
  • Participate in client calls and projects
  • Identify any unusual or potentially suspicious transaction activity and report accordingly
  • Perform other duties as required
Desired Qualifications
  • BS/BA degree
  • Experience managing staff
  • Excellent interpersonal and verbal & written communication skills
  • Ability to think strategically, while also detail & solution oriented
  • Background in tax reporting and compliance is preferred, or willingness to learn

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, and utilizes its global network and expertise to deliver customized financial solutions. State Street generates revenue from management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Additionally, it is recognized for its commitment to leadership and diversity, promoting a culture that supports employee growth and inclusion.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1792

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for ESG investing boosts State Street's asset management division.
  • Digital asset trends create new opportunities for State Street's custody services.
  • Passive investing growth allows State Street Global Advisors to expand ETF offerings.

What critics are saying

  • Increased competition from BlackRock and Vanguard threatens State Street's market share.
  • Interim CFO appointment may cause instability in financial leadership.
  • Investments in volatile biotech stocks expose State Street to financial risk.

What makes State Street unique

  • State Street excels in integrating ESG factors into investment strategies.
  • The company is a leader in secure digital asset custody services.
  • State Street leverages advanced data analytics to enhance financial services.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Flexible Work Hours

Remote Work Options

Professional Development Budget

Tuition Reimbursement

Paid Holidays

Employee Referral Bonus

INACTIVE