Climate Program Manager, Managing Director (ESG Group)

State Street.
Boston, Massachusetts; London, England
Not disclosed
20 May 2022
25 May 2022
Contract type
Full time
Experience level

Global Head of ESG Governance and Disclosure-Global ESG Group

Who we are looking for:

State Street Corporation (NYSE: STT), is the world’s leading provider of financial services to institutional investors, to which it provides custody and management of their assets; accounting, daily pricing, and administration of their funds; the information and analytical tools that help them make investment decisions; and the foreign exchange, cash management, credit, and electronic trading services that help them negotiate complex, global financial markets efficiently and effectively.

The Global Environmental, Social, and Governance (ESG) Group at State Street provides enterprise leadership for State Street’s ESG program, effectively ensuring a well-coordinated and optimized approach to our ESG policies, products, initiatives, and thought leadership. The group looks to fully leverage ESG capabilities stemming from all areas at State Street, including providing direction to our product organizations to develop longer-term ESG products, determining strategies to position State Street as a first-mover in this space, and taking ownership of the governance and organizational framework supporting our ESG program.

The group is seeking a highly qualified individual to oversee the execution of the firm wide governance of ESG at State Street, including the following responsibilities, among others:

  • Establish climate-related business strategy and ensure cohesion / incorporation with corporate strategy more broadly, including product and service development, based on a climate-related assessment of the business environment, as appropriate
  • Set firmwide (including SSGA) standards for climate, includes setting policy guidelines, defining key terms, etc., to ensure internal consistency
  • Create oversight framework / oversee climate-related disclosure (examples include SOX-like structure around ESG report and coming SEC disclosures, etc.)
  • Work with established FLOD and SLOD to ensure internal alignment and continued progress on framework development from a resiliency (BCP, realty, HR, tech infrastructure, tech and ops risk, etc.) and financial risk perspective (credit, market, investment portfolio) including stress testing
  • Set climate data strategy, keeping in mind needs of all internal constituents, in alignment with firmwide strategy on data and data governance
  • Establish governance structure and ownership for the above items, including board communication, establishment of a climate risk governance body which owns strategic and policy decisions, embedding in the overall governance structure including branches and subsidiaries, clear roles and responsibilities, etc.
  • Design and maintain policies, processes and information flow in support of the execution of a effective posture across all material ESG issues
  • Provide co-ordination and expert support for international business units for their regulatory needs in combination with global functions
  • Assist in developing firmwide principles and guidance for our climate risk strategy and policy in the context of evolving regulatory expectations and industry standards
  • Develop and promulgate top-down policies and standards for climate and other ESG products and disclosures where appropriate, including defining key terms and ensuring internal alignment on strategic principles
  • Define key roles and responsibilities for climate risk management in close coordination with partners from the firm’s business units and control functions
  • Lead primary climate risk management governance forum, which maintains oversight for principles, policies, and standards, and escalates key decisions to senior management
  • Provide program and project management structure and controls
  • Ensure clear ownership for the inventory and mapping of regulatory guidance and requirements by jurisdiction in coordination with Legal and Compliance
  • Ensure a clear and coordinated controls framework for climate risk management and data-driven disclosures

Qualifications, skills and experience:

  • Bachelor’s degree, or equivalent
  • 7+ years’ experience in the financial services industry, including in dealing with a large, complex organization and legal structure with multiple business lines
  • Significant knowledge of sustainability and other ESG matters that are material for large financial services businesses
  • Significant background in climate risk management, preferably in the financial services industry, including experience in understanding and identifying climate related risks and opportunities
  • Experience in collaborating with and building networks across a wide range of stakeholders, both internal and external, including policymakers, industry bodies, and peers
  • Experience in establishing governance frameworks, policies, and controls
  • Ability to manage projects across multiple stakeholders, timelines, and key deliverables
  • Excellent analytical skills and strong verbal and written communication skills
  • The ability to work in a fast-paced, unstructured environment

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 fulfill 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.

COVID-19 Protocols: Complying with State Street’s COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc.

For further information, and to apply, please visit our website via the “Apply” button below.

Similar jobs

Similar jobs