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Full-Time

Financial Reporting

Vice President

Posted on 10/21/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$110k - $177.5kAnnually

Senior

Company Provides H1B Sponsorship

Boston, MA, USA

Category
Financial Accounting
Financial Analysis
Financial Controller
Management Accounting
Accounting
Requirements
  • In depth knowledge of SEC, IRS and GAAP accounting requirements and laws as they apply to investment companies.
  • Equivalent to a B.S. degree in Business Accounting or related field. CPA or MBA is preferred.
  • Ten or more years of related management experience preferably with a public accounting audit firm or with a financial services organization.
Responsibilities
  • Oversee client communication and implementation of new regulatory requirements/disclosures that impact the financial statements
  • Oversee the implementation of all standard practices processes tools etc. and initiatives (ESP Re-Engineering) and technology enhancements (system conversion)
  • Manage team to ensure proper oversight of JV (HCL)
  • Manage key relationships with client companies and regulatory and vendor organizations as applicable to ensure that requests are being met with a satisfactory level of service.
  • Responsible for execution of overall business plan in assigned areas
  • Manage conversions of new business plan for and review client specific agreements and internal policies
  • Collaborate with operational teams globally to ensure consistent service delivery client solutions and client satisfaction
  • Assess operational effectiveness and implement plans to streamline functions ensure optimal service environment and technology usage
  • Manage team; provide coaching and development opportunities to staff make effective staffing recommendations. Responsible for the direction and training of subordinate managers and staff
  • Assess impacts of regulatory changes
  • Proactively manage risk at the business level
  • Act in accordance with Rick Excellence and model ethical behavior and decision making
  • Other duties as assigned

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.

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