Balance Sheet and NII Forecast, Assistant Vice President

State Street; Boston (MA); On-site; USD 80,000 - 140,000; Full time

Benefits offered by this job

401k with company match

Paid time off

Employee Assistance Program

Flexible work‑life support

Job summary

State Street is seeking an Assistant Vice President for Balance Sheet & NII Forecasting in Boston. You will own the liability-side forecasting process, producing balance sheet and NII forecasts, and work with Treasury, Finance, Risk, and business teams to deliver actionable insights that influence performance and risk management.

The role requires 3-5+ years in financial services, QRM experience, and strong Excel/PowerPoint skills.

Qualifications

• 3-5+ years of experience in financial services, with Treasury, ALM, balance sheet management, forecasting, or related experience preferred.
• Experience with QRM or similar asset liability management and forecasting platforms required.
• Strong ability to analyze complex financial information and drive process improvements.
• Understanding of banking products, financial markets, and regulatory environment affecting balance sheet management.
• Advanced proficiency in Excel and PowerPoint; data analytics and automation tools preferred.
• Strong quantitative, analytical, and communication skills.

Responsibilities

• Own monthly liability-side of balance sheet and NII forecasting using QRM with inputs from business units.
• Analyze drivers of forecast performance, variances, and alignment with strategic plans.
• Develop analyses and recommendations for balance sheet management, funding, hedging, and capital allocation.
• Partner with Treasury, Finance, Risk Management, and business units to identify risks and opportunities.
• Prepare executive-ready presentations for senior management and governance forums.
• Support quarterly earnings processes by analyzing actuals and forecasting accuracy.
• Enhance forecasting methodologies, models, and reporting processes for transparency and efficiency.
• Respond to ad hoc analyses and strategic initiatives with timely recommendations.
• Foster relationships across functions to balance strategic objectives and risk.

Skills

Forecasting

Analytical thinking

Stakeholder communication

Problem solving

Education

Bachelor's degree in Finance/ Economics/ Mathematics/ Engineering

Tools

Excel

PowerPoint

Data analytics tools

Job description

Who We Are Looking For

Asset Liability Management (ALM), a division of Global Treasury, is responsible for managing the corporate balance sheet, forecasting Net Interest Income (NII), and overseeing interest rate risk positioning. The team focuses on optimizing the risk-return profile of the balance sheet by developing strategies that sustain and grow NII while operating within regulatory and risk appetite constraints. ALM partners closely with colleagues across Global Treasury, Finance, Risk Management, and business units to support the firm's strategic objectives and balance sheet management framework.

The Assistant Vice President, Balance Sheet & NII Forecasting, will play a key role in shaping the firm's balance sheet and earnings outlook. This candidate will own forecasting workflows and deliverables and collaborate across Treasury, Finance, Risk, and business teams to deliver actionable insights that support strategic decision-making. The role is responsible for producing and communicating balance sheet and Net Interest Income (NII) forecasts, identifying risks and opportunities, and supporting initiatives that influence balance sheet positioning, financial performance, and risk management outcomes.

Why This Role Is Important to Us

The team you will be joining plays a critical role in supporting the financial strength and strategic direction of the organization. Institutional investors around the world rely on us to manage risk, adapt to evolving market conditions, and deliver strong financial performance. Achieving these objectives requires talented professionals who can translate complex financial information into meaningful insights and drive effective decision‑making.

In this role, you will help strengthen the firm's balance sheet management capabilities through rigorous analysis, innovative problem solving, and effective stakeholder engagement. You will contribute to a high‑performing team that values collaboration, continuous improvement, and operational excellence while supporting critical business and regulatory priorities.

What You Will Be Responsible For

• Own monthly liability‑side of balance sheet and Net Interest Income (NII) forecasting process using Quantitative Risk Management (QRM), incorporating inputs from business units and key stakeholders across the organization.
• Analyze and communicate the primary drivers of forecast performance, including variances relative to prior forecasts, strategic plans, and actual results.
• Develop insightful analyses and recommendations to support balance sheet management, funding strategy, hedging and capital allocation, as well as ad‑hoc Treasury initiatives.
• Partner with stakeholders across Treasury, Finance, Risk Management, and business units to identify risks, opportunities, and emerging trends impacting forecast outcomes.
• Prepare and deliver clear, concise, and executive‑ready presentations for senior management, governance forums, and committee meetings.
• Support quarterly earnings processes by analyzing actual business performance, evaluating forecast accuracy, and providing forward‑looking insights.
• Contribute to the enhancement of forecasting methodologies, models, controls, and reporting processes to improve efficiency, transparency, and decision‑making.
• Respond to ad hoc analyses, business requests, and strategic initiatives with timely, accurate, and well‑supported recommendations.
• Foster strong working relationships across functional teams and serve as a trusted partner in balancing strategic objectives, financial performance, and risk considerations.

Education & Preferred Qualifications

• 3-5+ years of experience in financial services, with Treasury, ALM, balance sheet management, forecasting, or related experience preferred.
• Experience with QRM or similar asset liability management and forecasting platforms required.
• Demonstrated ability to analyze complex financial information, solve problems, and drive process improvements.
• Strong understanding of banking products, financial markets, and the regulatory environment affecting balance sheet management.
• Advanced proficiency in Microsoft Excel and PowerPoint; experience with data analytics and automation tools is preferred.
• Strong quantitative, analytical, and critical thinking skills.
• Proven ability to communicate complex concepts effectively to diverse audiences, including senior management.
• Demonstrated success building collaborative relationships across functions and influencing stakeholders in a matrixed environment.
• Ability to manage multiple priorities and deliver high‑quality results in a fast‑paced environment.
• Bachelor's degree in Finance, Economics, Mathematics, Accounting, Engineering, or a related quantitative discipline; advanced degree preferred.

Salary Range

• $80,000 - $140,000 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.

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.

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.

Equal Opportunity Statement

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.

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.

End Date

October 2, 2026

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