State Street

Head of Controllership Strategic Initiatives, VP

State Street
Boston, Massachusetts
Not disclosed
23 May 2024
28 May 2024
Approved employers
Approved employer
Contract type
Full time
Experience level

Who we are looking for

In this role, you’ll work closely with the Chief Accounting Officer to provide strategic support to the Controllership functions in the Americas and EMEA. We are seeking someone who is highly organized with proven ability to contribute to and independently drive strategic projects and execute critical business priorities. A successful candidate in this role will have excellent partnership, relationship-building, and collaboration skills and the ability to work cross-functionally. This person will have strong attention to detail and be able to adapt quickly to changing priorities.

The role will be located at corporate headquarters at One Congress Street, Boston

Why this role is important to us

This role will help enable us to achieve our mission to maintain a control-oriented culture focused on protecting the quality of the Company’s financial and regulatory reporting while also driving efficiency and providing proactive business insights.

What you will be responsible for

The Head of Controllership Strategic Initiatives will play a critical role in the daily management of the Americas and EMEA Controllership organization. Reporting directly to the Deputy Controller and Chief Accounting Officer, this individual will be a critical member of the Americas and EMEA Controllership Leadership Team and a key contributor to strengthening the overall strategy, business management, and operations of the team. Key areas of responsibility for this role include

  • Leading the Company’s internal relationship support for Ernst & Young, LLP, State Street’s external auditors, including timely execution of the annual engagement letter, ensuring compliance with all third-party risk management requirements, and preparation of materials on audit fees for the Company’s Examining & Audit Committee
  • Developing a process to communicate and report on all open audit issues and other control findings to ensure timely communication of approaching deadlines and ensuring continued progress towards closure
  • Participating in multiple aspects of the Company’s quarterly financial close activities, including
    • ownership of the close calendar for Controllership, including developing an understanding of the key dates and deliverables in the close/earnings release process and close partnership with the Investor Relations team
    • coordination of all materials for the quarterly Certification Committee meeting with the Company’s CEO and CFO including preparation of materials, reviewing committee membership as there are senior leadership changes and recommending changes and distribution of materials to relevant stakeholders
    • administration of the quarter results review meeting with the Company’s banking regulators, including ensuring appropriate scheduling, coordination of materials, documentation of the meeting, and key follow-up actions
    • ownership of the quarterly representation letter process, including understanding key leadership changes and recommending changes to the rep letter process, seeking ways to execute the process more timely, and incorporation of results of rep letters in Certification Committee materials
  • Leading the budget process for the Americas and EMEA Controllership team, including working with the leadership team to understand changes to headcount, providing regular reporting on progress against budget, and coordination with the lead finance officer on periodic budget preparation
  • Leading the Americas and EMEA Controllership strategy and goal-setting process, including working with the leadership team to understand key goals and performance indicators, developing strategic priorities for the broader team, and developing regular reporting on progress
  • Leading the Employee Engagement Strategy for the Americas and EMEA Controllership team, including setting the strategic priorities, leading the Communications pillar, and playing a key role with the leadership team to understand employee engagement survey results and adjusting strategic priorities accordingly

Education & Preferred Qualifications

  • Four (4) year degree is required. A major such as Finance or Economics is desirable but not mandatory.
  • 10+ years’ experience in related field, including an understanding of the responsibilities of a Finance/Controllership team
  • Strong communication skills and initiative and confidence to lead meetings and drive participation and results
  • Strong organizational skills
  • Executive presence and ability to influence both people and strategies
  • Results-driven self-starter with the ability to multitask. Strong initiative and ability to work in a self-directed environment with a “can do” attitude and growth mindset
  • Comfortable working in a fast-paced environment and the ability to work within a team environment
  • Ability to manage competing demands and multiple initiatives in parallel, including the ability to deal with changing priorities, delays, or unexpected events

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.

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.

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

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