Data Solutions Lead, Managing Director at State Street

Posted in General Business 9 days ago.

Type: Full-Time
Location: Boston, Massachusetts





Job Description:

Who we are looking for The Managing Director, Finance and Treasury Data Solutions, will lead a transformative effort to define, change, and implement data-centric solutions for finance, treasury and business units (GD and Product), aiming to drive operational efficiencies through improved data design and management. The Managing Director will drive our finance data strategy as well as remediating regulatory and audit findings. This role will significantly contribute to shaping the future of Finance operations and analytics through strategic data management and innovative solutions.

What you will be responsible for
P&L Data Strategy: Lead an innovative overhaul of the organization's revenue and expense accrual productions and analytics capabilities to provide a thorough breakdown of revenue (including NII and service charges) and expenses across multiple dimensions. This overhaul will streamline processes and drive efficiencies across these functions. Partner and collaborate with the functional heads across Accounting Operations, Business Unit CFO, Financial Planning and Analysis, Product, Global Delivery and Technology teams to adapt and improve the operations, controls and management of Revenue and Expense data across the entire data supply chain.

Global Treasury Data Strategy and Collaboration: Continuous partnership and collaboration with key functional teams across Liquidity Management, Asset Liability Management, Capital Management and Technology teams to drive improvements in process, controls and operations to better utilize the data to address regulatory obligations, drive operational efficiencies and management insights. This will also include an overhaul of the Funds Transfer Pricing process. Additionally, drive improvements in regulatory compliance.

Assets Under Custody Data Solutions

Lead both a run-the-bank program (includes regulatory and audit remediations) while support the execution of a transformative, enterprise-wide program on the collection, enrichment and distribution of Assets Under Custody (AUC) data the meet regulatory obligations and develop new capabilities to drive financial insights on State Street's core business.

Run the Bank responsibilities will include: Own and improve the existing controls and governance of the existing AUC database, FAR, as part of run the bank operations. This will also include the tactical resolution of any regulatory and audit findings

Change the Bank responsibilities will include supporting program to establish, publish and distribute a new, authoritative data set on assets under custody for global use. Support the establishment of the future state operating models to ensure clear roles and responsibilities along the data supply chain and implementation of the necessary controls and exceptions handling processes

Additional Responsibilities:

Work with the Senior Vice President, Head of Finance and ESG Data to:


  • Continuously champion the Data Strategy for Finance and Treasury aligned with organizational goals

  • Foster a collaborative culture promoting data-driven decision-making

  • Establish KPIs to measure the effectiveness of implemented solutions. Continuously monitor and optimize data processes for efficiency gains

  • Development of internal talent and resources


Education & Preferred Qualifications

  • 15+ years' experience with Core Corporate Finance, Treasury and Corporate Functions - exposure to the General Ledger, Chart Of Account, FP&A, Procurement, Regulatory Reporting, Master Data Management, Treasury and Cash Management Processes

  • Strong experience in Data Design and Management - demonstrated experience in data architecture design and governance.

  • Core competency in Process Re-engineering - Hands on experience in capturing, communicating, redesigning and execution of business processes across a wide and formerly federated business functions

  • Team Leadership and Strategy Delivery - strong experience in directly managing a solution delivery team, demonstrating leadership, management, organizational, analytical and problem solving skills using a change and solution delivery mindset.

  • Project Management Leadership - Project management experience to deliver a wide program of activities. Ability to drive outcomes in a fast paced environment while collaborating with other large programs and business priorities to deliver desired outcomes

  • Communication - strong communication skills and executive presence with the ability to influence business and corporate function partners to execute against planned strategies and timeline. Ability to translate complex data and process concepts into strategic terms fundamental to getting senior management buy-in.

  • Collaboration - ability to work across organizations, and influence other groups in driving to achieve common goals bank-wide

  • Analytical skills - require both qualitative and quantitative analytical skills


Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:
$170,000 - $267,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.





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