Broker Dealer Controllership, Assistant Vice President

Your new team

The BU Controllership team proactively partners globally with the Businesses, Finance leadership and other Control functions to ensure the optimal design / execution of processes and identification of areas for improvement / best practice implementation for areas impacting financial and regulatory  reporting.

Why this role is important for us.

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Who are we looking for?

The AVP will work as a member of the Broker Dealers BU Controllership team supporting the overall State Street Corporation. The individual should have a strong accounting background and understanding of risks / internal controls – as well as an ability to proactively perform assessments and remediate identified issues. 

Your new job
Main scope of responsibilities of the Legal Entity Controller- Assistant Vice President function include:

• Partner with the Businesses,  Securities Operations ,Global Accounting Operations (GAO) and Finance leadership to ensure accuracy of regulatory reporting, legal entity financial results and that internal controls are appropriately designed and executed.
• Engage with global leadership in key business and change initiatives, focusing on accounting and regulatory related activities and internal controls to mitigate risk; as well as supporting new products and services initiatives.
• Interact with Operations staff to ensure the accuracy of information provided through subledgers on a daily basis.
• Partner with margin manager on outstanding calls and margin  calls collected. Assist in the daily cash projections needed for  settlements. Assist in implementing and ensuring  compliance with GAAP accounting and US  broker dealer filings.
• Assist in testing of the Broadridge reports for new business initiatives Maintain strong cross-functional relationships and communication channels across global locations for Security operations teams.
• Streamline and improve the timing of the month end close and corporate reporting to comply with corporate reporting deadlines.  Assist in the implementation of new regulatory reporting software.
• Daily, weekly, & monthly regulatory reporting

What we value

These skills will help you succeed in this role:

• Strong accounting foundation
• Understanding of risks / internal controls and ability to proactively perform assessments and remediate issues.
• Strong analytical and quantitative skills coupled with a strong track record of executing against goals.
• Ability to effectively communicate with stakeholders at all levels.
• Strong customer service orientation and the ability to work in a team environment.
• Familiar with Regulatory issues impacting the Financial Services Industry in broker dealers.
• Experience in coordinating  annual audits and regulatory examinations.

Education & Preferred Qualifications

• Bachelor’s degree in accounting, Business Administration or Finance
• 5+ Accounting experience in the financial services industry, in particular broker dealers
• Experience with legal entity financial reporting & accounting
• Knowledge of self clearing broker dealer  operations a  plus
• Familiarity with enterprise level general ledger packages.
• Familiarity of 15c3-1 net capital rules & 15c3-3 customer reserve rules
• FINRA Series 99 or Series 27 licenses a plus.

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 employe

Salary Range:

$100,000 - $167,500 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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.