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Full-Time

Liquidity Governance Lead

VP

Posted on 10/8/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$135k - $210kAnnually

Senior, Expert

Boston, MA, USA

Category
Risk Management
Treasury
Finance & Banking
Required Skills
Communications
Management
Requirements
  • BA/BS degree in a related field (Finance, Economics, accounting etc.) M.Sc. preferred
  • CFA and/or FRM preferred
  • 8+ years of relevant experience in the financial services industry, with specific experience in Liquidity Management
  • Strong Knowledge of the banking regulatory environment (Reg YY, Reg WW, SR 10-6, SR 12-7 etc.)
  • Extensive experience working with US regulators, particularly in the liquidity space
  • Strong written, verbal communication and time management skills
  • Ability to multi-task, manage priorities, delegate team tasks while maintaining focus on priorities and meet deadlines in a demanding and deadline-oriented environment
  • Strong organizational and project management skills
  • Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high level of initiative
Responsibilities
  • Establish the groups comprehensive governance, communication, and response strategy for regulatory, supervisory and internal oversight matters
  • Lead gap assessments against regulatory expectations (Reg YY, Reg WW, SR 10-6, SR 12-7 etc.)
  • Employ strong knowledge, understanding and awareness of compliance and regulation, to advise, develop and evolve internal policies, procedures and processes to meet regulatory requirements
  • Apply appropriate analysis and use sound judgement to make strategic and operational recommendations to meet regulatory compliance goals and objectives
  • Track, Manage, and respond to both internal and external regulatory, compliance, Risk and Audit inquiries
  • Frame formal responses with detailed documentation and evidence to close out any open issues
  • Ensure all policies, controls and procedures are adhered to and evidence is documented
  • Support the execution of the Material Liquidity Risk Identification process
  • Foster an environment that promotes compliance, continuous improvement, appropriate and effective controls, self-detection and remediation
  • Develop deep understanding of liquidity management and its dependencies and partnership with groups across treasury, finance and risk.

State Street Corporation provides asset management and custody banking services to institutional investors, including mutual funds and pension funds. Its division, State Street Global Advisors, manages investment portfolios and offers advisory services tailored to clients' financial goals. The company distinguishes itself through its commitment to innovation and promoting diversity and inclusion within its workforce. State Street aims to deliver high-quality financial services while fostering a supportive and inclusive culture.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

N/A

Growth & Insights
Headcount

6 month growth

-8%

1 year growth

-8%

2 year growth

-8%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street's strategic acquisitions, such as stakes in BWP Trust and Australian Clinical Labs, indicate robust growth and expansion opportunities.
  • The company's exploration of blockchain-based payment solutions, including stablecoin and token launches, positions it at the forefront of financial technology innovation.
  • State Street's strong leadership team, with recent high-profile appointments, underscores its commitment to maintaining a competitive edge in the industry.

What critics are saying

  • The competitive nature of the financial services industry requires State Street to continuously innovate to maintain its market position.
  • Regulatory challenges and compliance issues, especially with new ventures like stablecoin and token launches, could pose significant risks.

What makes State Street unique

  • State Street's focus on institutional investors, including mutual funds and pension funds, sets it apart from competitors who may target a broader audience.
  • The company's commitment to innovation, such as exploring stablecoin and token launches, demonstrates its forward-thinking approach in the financial services industry.
  • State Street's emphasis on diversity and inclusion, highlighted by initiatives like WomenInFinance, distinguishes it as a leader in fostering a supportive and inclusive workplace.