Alpha Standards and Best Practices-Finance Analyst – Officer

Job Description

Who we are looking for

The State Street Alpha client implementation team is looking for a qualified leader with strong experience in data analysis, financial modeling, process design and project management to perform financial management of the budgets of client Alpha implementations.  The successful candidate must:

Be highly organizedHave the ability to quickly learn about State Street Alpha, its organizational structure, operating model, E2E environment applications, stakeholder functions and business applications usedHave advanced data analysis skills with the ability to quickly manipulate large quantities of data to enable analysis and provide data driven insightsBe comfortable building advanced reporting using PowerBI, Tableau, Jira and any other proprietary data reporting applications used by State StreetBe flexible to quickly respond to changing implementation scope, requirements and timelines and assess their impact to the budgetBe excited to build and execute processes and controls for the Alpha Financial Management function, from the ground upHave the ability to diagnose a barrier or problem, identify potential options to solve the problem and provide recommendations to senior leadershipBe able to summarize detailed analysis concisely to resonate with senior leadership (MD, SVP), highlighting the business application of the analysisBuild relationships with stakeholders at all levels across Alpha, Global Delivery, Global Technology Services and contractorsHave advanced executive speaking skills and/or presentation skills focusing on projecting confidence and gravitas to build trust and consensusBe eager to think strategically about solutions for financial management practices that go beyond what we do today and focus on how we can optimize our existing technology and build better process to achieve business outcomes that State Street will require in the longer termBe able to prioritize and address critical asks from senior leadership as they arise

Why this role is important to us

The team you will be joining is a part of a global, cross-divisional group supporting State Street Alpha.  State Street Alpha redefines the common definition of ‘alpha’ to power better performance and outcomes at every point on the investment lifecycle and is the first open platform from a single provider that connects the front, middle and back office. It harmonizes data, technology and services across trusted providers to help our clients better manage their businesses.  A critical part of implementing State Street Alpha for our clients is overseeing and managing the costs that State Street’s Alpha department incurs to implement, to ensure profitability of the Alpha deal and the overall client relationship with State Street.  This role will support the implementation teams and leadership in managing and reporting on program implementation costs and improving cost management.

What you will be responsible for

As a Standards and Best Practices Finance Analyst –Officer you will responsible for:

Executing and optimizing processes, procedures and controls for consistent management of implementation financials across North American programs, executing against the vision set out by Alpha senior leadershipPerforming and optimizing sustainable implementation-, resource- and department specific reporting that can be utilized by Alpha senior leadership, Alpha finance and the State Street Chief Commercial Officer organizationPerforming day-to-day management of Alpha implementation program financials

JOB DUTIES & RESPONSIBILITIES:

Executing processes, procedures and controls to manage the financials of North American Alpha programsBuilding relationships with counterparts in EMEA to streamline and standardize processes, procedures and controls across NA and EMEALeading business analysis of implementation cost data and participating in the discussion and communication of this analysis with senior leadership (MD, SVP); identifying potential solutions, trends, or areas of concern and taking action to execute potential resolutionsExecuting and assisting in the enhancement of sustainable reporting techniques for financial management; includes reporting of actual and forecasted cost data for State Street FTEs and contractors as well as the productivity of State Street Alpha resourcesFacilitating stakeholder meetings toReinforce processes and controls related to financial management practices developedUnderstand and probe on program costs and cost driversDirectly managing client implementation finances to ensure coverage across each programPerforming estimation and re-forecasting efforts to more completely and accurately obtain an Alpha Services cost target for new and existing Alpha implementation programsMonitoring forecast performance against actuals to uncover and remediate discrepancies and raise areas of concern as neededDeveloping synergies between the various stakeholder groups that Alpha interacts with (Alpha Finance, Global Delivery, GTS, Alpha Product) to ensure both the Alpha Client Implementation Executive (“CIE”) and stakeholder objectives are metPotentially supporting project management activities for Alpha implementations, where needed; this may include documenting meeting agendas, minutes, project plans and RAID logs for implementation Client Implementation Executives (“CIEs”)

MINIMUM JOB SPECIFICATIONS:

B.S. degree in Data Analytics or Finance preferredProficiency in Excel at minimum; mastery preferredStrong ability to manipulate large quantities of data quickly to enable analysisKnowledge of asset management, asset servicing, capital markets, securities preferredStrong interpersonal and organizational skills and attention to detailStrong written and verbal communicationsMust be deadline oriented with the ability to quickly support ad-hoc and daily requests to provide data analysis to drive decision making

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, investments 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 in locations, but you may expect generous medical care, insurance and savings plans among other perks.  You'll have access to flexible Work Program to help 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, experience and perspective 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 the 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 program 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 www.StateStreet.com/careers 

Salary Range:

$65,000 - $102,500 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.

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.

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