Global Markets & Credit Finance Business Unit Controller, Managing Director

State Street Corp; Boston (MA); On-site; USD 350,000 - 600,000; Full time

Job summary

State Street is seeking an accomplished finance executive to serve as the Global Markets & Credit Finance Business Unit Controller, Managing Director (MD).

The MD will provide strategic financial leadership, accounting governance, and global controllership oversight for Markets and Credit Finance, partnering with senior management to ensure the integrity of financial reporting and robust governance across complex trading and lending activities.

Job description

Who we are looking for

State Street is seeking an accomplished finance executive to serve as the Global Markets & Credit Finance Business Unit Controller, Managing Director (MD). The individual will be responsible for providing strategic financial leadership, accounting governance, and controllership oversight globally for State Street's Markets and Credit Finance businesses. This role, and the team it oversees, serves as the lead Controllership partner for the Markets and Credit Finance senior management. The MD is accountable for the integrity of the businesses financial reporting through ensuring appropriate governance, controls and processes across the complex global trading and lending organizations.

The successful candidate will combine deep technical accounting expertise with a comprehensive understanding of capital markets and credit finance, including foreign exchange, securities financing, derivatives and a variety of loan structures. For securities trading activity the MD will partner closely with the Securities Trading / Broker Dealer COE. This executive will play a pivotal role in supporting business growth initiatives, evaluating new products and transactions, influencing strategic decisions, implementing new systems, and driving transformation across a global operating model. As part of this role the individual will serve as a key Controllership representative in Markets and Credit Finance project, governance and risk forums.

This position requires a highly visible leader with the ability, both personally and through their team, to partner in supporting, challenge when appropriate and influence senior stakeholders across Markets, Credit Finance, Finance, Risk, Operations, Legal, Compliance, and Technology while maintaining a strong focus on financial integrity, governance, and risk management.

Why This Role Matters

The Markets and Credit Finance organization constitutes StateStreet's capital markets and liquidity solutions platform. As the lead Controllership executive supporting these businesses, the Global Markets & Credit Finance Business Unit Controller is responsible for ensuring the accuracy and integrity of the firm's financial reporting while enabling innovation, growth, and strategic transformation.

This role serves as a key advisor to executive management and provides leadership on matters involving:

• Financial and regulatory reporting
• Accounting policy and governance
• New product development and approval
• System implementations
• Legal entity oversight
• Operational and financial controls
• Strategic business initiatives
• Audit and regulatory engagement

The position plays a critical role in protecting the firm's reputation and strengthening its control environment, through maintaining, and enhancing <…>the appropriate governance and control structures, while partnering in executing on strategic initiatives enabling the achievement of business goals and growth targets.

What you will be responsible for

Global Markets & Credit Finance Controllership Leadership

• Provide end-to-end financial controllership oversight for Markets and Credit Finance activities globally, including FX trading, securities financing, derivatives, and lending products.
• Maintain accountability for the integrity, accuracy, completeness, timeliness and transparency of the business units financial results at both a State Street corporate and local legal entity basis.
• Ensure compliance with U.S. GAAP and international accounting standards, global regulatory reporting requirements, and associated internal governance standards.
• Lead quarterly and annual financial reporting reviews, certifications, and executive-level presentations.
• Coordinate with Controllership and business teams to ensure an efficient, appropriately designed and well-controlled daily operating and close process is in place.
• Maintain, establish and oversee metrics for the complex trading and financing transactions, identifying potential issues, monitoring and proactively addressing any potential gaps.
• Partner closely with Global Accounting Operations, Regional Controllers, Accounting Policy, SOX and Business Risk Management, the Securities Trading / Broker Dealer COE and Regulatory, Capital and SEC Reporting to ensure the achievement of the above shared goals.

Strategic Business Partnership

• Serve as the primary Controllership advisor to Markets and Credit Finance executive leadership.
• Partner with business heads on strategic initiatives, acquisitions, product launches, system implementations and market expansion opportunities.
• Prior to the launch of new business activities evaluate, and provide advice on, the accounting, reporting, and governance.
• Challenge and influence business decisions while balancing commercial objectives against risk, control, and regulatory requirements.
• Support long-range planning, financial forecasting, and strategic decision-making.

Markets Products & Technical Accounting Oversight

Provide leadership and accounting