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    Stress Testing, Vice President - Boston, United States - State Street

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    Description

    Who we are looking for

    As part of Global Treasury the candidate will assume an important role within the Capital and Liquidity Stress Testing team, primarily driving capital forecasting from a business-as-usual (BAU) and stress perspective. The candidate will lead CCAR stress testing for State Street, as well as build out and execute on a new quarterly stress testing framework focused on the interconnectedness between capital and liquidity. This includes collaboration with subject matter experts across functional teams within Global Treasury, Global Treasury Risk Management and business lines, understanding and implementing evolving regulatory requirements, and developing methodologies that test capital and liquidity risk for State Street.

    What you will be responsible for

    • Lead the development of and enhancements to capital-related forecasting models for managing State Street's capital position for BAU and stress testing purposes, including coordination with our Model Validation, Audit, and Risk Oversight partners
    • Lead the development of a new quarterly stress testing framework, including the incorporation of liquidity assumptions, through collaboration with Global Treasury Risk Management and other key stakeholders
    • Lead coordination of timely CCAR and quarterly stress testing execution through partnership with our Program Management Office
    • Oversee BAU and stress testing execution processes by running forecasting models, analyzing the key drivers of results, communicating outcomes to senior stakeholders in management and regulatory bodies, and supporting the annual production of our Capital Plan
    • Lead presentations and other communications to facilitate management decision making at relevant working groups and to senior management
    • Understand key regulatory and business drivers of capital and liquidity management and decision making and their impact on overall Global Treasury and corporate wide risk metrics to facilitate continuous improvement across processes and to address complex regulatory challenges
    • Lead ad hoc assignments in support of capital and liquidity forecasting, with a focus on communication and coordination across relevant work streams and businesses to ensure cohesive and comprehensive delivery of results

    What we value

    These skills will help you succeed in this role:

    • Independent worker that takes ownership of responsibilities and holds their work to a higher standard
    • Project management experience and strong organizational skills, high attention to detail, and demonstrated ability to organize work and drive projects over the finish line with tight timeframes
    • Strong critical thinker with the ability to take complex information and clearly articulate it to senior management
    • Effective communicator with ability to deliver compelling rationale, convince stakeholders and achieve consensus
    • Team management skills, delegation and motivational attitude are essential to success

    Education & Preferred Qualifications

    • BA/BS degree in a related field (Finance, Economics, Business Administration, Accounting, Information Systems)
    • 6-8 years of relevant experience in the financial services industry, including financial forecasting or modelling
    • Knowledge of financial markets and the banking regulatory environment
    • Demonstrated track record of financial analytics, modelling and quantitatively supporting management decision-making
    • Strong written, verbal communication and time management skills
    • Ability to multi-task, manage priorities, delegate team tasks while maintaining focus on priorities and meet deadlines in a demanding and deadline-oriented environment
    • Ability to proactively resolve issues by working with other teams
    • Experience in preparing presentations for executive management and regulators
    • Must be detail-oriented, well-organized, innovative, a self-starter and team player with a high level of initiative
    • Advanced Excel and Power Point 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

    Salary Range:

    $110,000 - $185,000 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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