Who we are looking for

State Street is recruiting for a Network Manager, AVP to provide oversight of our Agent Bank and Cash Correspondent Bank network. State Street’s network consists of over 150 relationships across 103 countries and is an integral part of the operation of the bank with over $53.8trn in AUCA. As State Street continues to service clients in a exciting period of transformation for the Bank, we require an experienced AVP with deep understanding of banking relationships and the complexity of supporting a diverse network.

Responsibilities:

• Key responsibilities of an AVP Network Manager include the due diligence and on-going monitoring of a select number of third party /affiliate custodian relationships.
• Accountable for completion of key control processes relating to Network Management due diligence and oversight including but not limited to; questionnaire management and assessment, issuance and management of various governing documents, on-site due diligence visits and the maintenance of market related information
• Contribution to the related Standard Operating Procedures (SOPs) and Operating Requirements process reviews. This includes assessment and incorporation of new and relevant criteria into the oversight process as required.
• Serve as Subject Matter Expert (SME) to clients and internal business units, supporting State Street Product Organisation business strategies and priorities.
• Participate in and/or contribute to, internal governance and controls forums. Providing updates to senior management as required to mitigate known and emerging risks.
• Identify and compose market intelligence from third party sources for onward transmission to SSTB Clients whilst ensuring communication of key regulatory and third party / affiliate changes to internal business units and Governance structures where impacted.
• Represent SST externally at Industry events and forums. Lobbying with local participants and regulators to develop product and operational efficiencies for SST and its clients.
• Collaborate within Network Management, the wider Product organisation and other cross-functional partners to ensure SST’s compliance with relevant regulatory guidance and obligations.
• Develop the skills necessary to participate in projects and initiatives as required (e.g. regulatory requests / examinations, agent selection and conversions, change etc.).
• Act in accordance with Risk Excellence and role model Ethical behaviour and decision making as part of our Way Ahead foundation
• Perform other duties as required

What we value

These skills will help you succeed in this role

• Market knowledge across securities and cash products
• Subject matter expertise of the Custody family of products; Global Custody, Direct Custody and associated FX and Cash products
• Industry profile with a track record of engagement and contribution to major industry events
• Track record of engagement with regulators and market infrastructures globally
• Strong financial planning skills.

Education & Preferred Qualifications

• Seasoned AVP with 3+ years experience in Network Management or Product
• Proven leader, strong communicator, consultative approach.
• Proven change agent with track record of delivery

About State Street

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.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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