State Street Head of Custody for ISA FX,SVP in Boston, Massachusetts

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.

Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

State Street is an Affirmative Action/ Equal Opportunity Employer/Vet/Disability.

TheHead of CustodyForeign Exchangerole will be reporting to theEVP,Client Implementation andControland has responsibility for State Street’sInvestor Services, Custody Foreign Exchange product.The functional responsibilities includeworking with the business and sector solutions to ensurethe following ;

  • Developinga clear Custody Foreign Exchange Product offering for ISA clients.

  • Working on new sales with Sector Solutions to identifyCustody Foreign Exchangeopportunities.

  • Working with the relationship managementgroups review current client usage of the product and identify opportunities

  • Increasegovernance of the custody foreign exchange product and maintain strong controls between ISA and Global Markets

  • Educate clients and internal stakeholders regarding State StreetsCustody Foreign Exchangeproducts

This role willwork with IIS, Insurance and USIS business to ensure services and products can be customizedto meet clients requirements whilestrengthening and adhering to State Streets policies regarding sales and product guidelines. This role is intended towork closely with State Street Global Markets who provide the executions services to ISA clients while keepingseparation of functions between the divisions.

In addition, this role will have responsibility for the following:

  • Monitoringand providing reporting onthe Custody Foreign Exchange usage of ISA clients

  • Working with Sector Sales and Relationship management on potential requirements for new service offerings

  • Working with clients on understanding and increasing transparency regarding ISA Custody Foreign Exchange services

  • Evaluatingcurrent producteffectivenessand recommending changes.

  • Aiding in the execution of ISA strategic priorities

  • Maintaining a personal involvement in the sales and product development processes to ensure that the Company’s efforts are directed at appropriate prospective clients, and that the Company offers the best set of solutions to client needs

  • As part of the Company’s Management Resources Review, develop, implement and adjust as required a management succession plan to foster the growth and involvement of key managers in the future of the Company

  • Meet regularly with officers and key staff to communicate policies andgoals

  • Directing special projects and serving on committees and task force assignments. Providing leadership in areas outside of the department

  • Reviewing reports of major risks to the Company and direct that appropriate measures be taken by the Company to manage and monitor such risks to minimize liability or maximize opportunity for the Company

  • Ensuring that appropriate measures are taken by the Company to manage and monitor the Company’s statutory obligations and commitments to regulatory authorities

  • Promoting the Company’s franchise as an “employer of choice” and a “quality institution” both internally, among its employees, and externally, among its clients and in the marketplace

  • Representing the organization internally and externally as a senior level executive of State Street. Providing support and effectively communicating broad overall company initiatives and goals to managers and staff within department.

State Street Job ID: 166799

US MA Boston

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Job Title: Head of Custody for ISA FX,SVP

Job ID: 166799

Full/Part Time: Full FTE

Regular/Temporary: Regular

Location: US-MA-Boston