VP, Alternatives & Bank Loans Accounting Lead

State Street; Quincy (MA); On-site; USD 115,000 - 201,000; Full time

Job summary

State Street sought a Vice President to lead the Alternatives and Bank Loans Accounting workstream, directing transformation programs across global teams. The role focuses on design, testing, migration, and sustainable operating models within middle office services.

Ideal candidates have deep financial services transformation experience, senior leadership credentials, and strong stakeholder management, with responsibilities spanning data, controls, and client service considerations.

Qualifications

• 15 years + experience in financial services presently in a leadership role, having managed large scale transformation roles.
• Deep understanding of the Corporate Investment Banking landscape, with experience leading transformation initiatives within Financial Services
• A proven track record at a senior level in client facing role such as business and IT relationship management, account management, delivery executive, or related disciplines with Excom Level
• Strong Stakeholder and Relationship Management skills
• In‑depth understanding of the linkage between information technology and business value
• Operations experience program managing large scale initiatives and implementations
• Strategic thinker with an ability to effectively partner with Operations and Transformation leads, technology partners and senior management
• Creative and analytical ability in problem resolution and troubleshooting
• Collaborative leadership and work style

Responsibilities

• Lead the Alternatives and Bank Loans Accounting workstream through current-state assessment, target-state design, business requirements, solution documentation, testing strategy, migration planning, and operational readiness.
• Own delivery of workstream objectives, milestones, dependencies, risks, issues, decisions, and action items in coordination with Program Delivery, workstream project managers, business analysts, and technology partners.
• Serve as a senior product and operations lead for Alternatives and Bank Loans accounting processes, lifecycle events, settlement directives, cash activity, position and cash reconciliations, P&L, accounting feeds, and downstream operational outputs.
• Validate the accuracy and completeness of current-state process documentation, data flows, pain points, system dependencies, manual touchpoints, and control gaps.
• Partner with Product and Technology teams to assess fit to State Street standard capabilities and support definition of target-state architecture, interim-state solutions, non-standard process requirements, and business requirements documentation.
• Provide workstream sign-off for deliverables including target-state architecture inputs, detailed solution documents, business requirements, non-standard solution design, testing strategy, implementation plans, and operating model documentation.
• Coordinate with Bank Loans, Alternatives, Transaction Management, Investment Accounting, Reconciliation, Cash, Data, Account Services, and Technology workstreams to identify design dependencies and integration points.
• Lead engagement with subject matter experts and operational teams to confirm service scope, process ownership, control requirements, data requirements, and operational impacts.
• Act as a primary escalation point for workstream risks, blockers, unresolved decisions, and cross-functional dependencies.
• Ensure workstream reporting accurately reflects status, risks, issues, milestones, decisions, and delivery health before program governance reviews.
• Support migration strategy by helping define tranche sequencing, readiness criteria, testing approach, cutover considerations, hypercare requirements, and business-as-usual transition plans.
• Drive issue resolution across internal teams and client-facing forums by translating complex operational and accounting topics into clear actions and decisions.
• Promote process standardization, automation, risk reduction, and control strengthening across Bank Loans and Alternatives accounting activities.
• Partner with global operations teams to ensure future-state processes are practical, resilient, scalable, and aligned to client service expectations.
• Develop and deliver training, knowledge transfer, and operational readiness materials to support adoption of new processes, platforms, and controls.
• Maintain a strong focus on client experience, service continuity, regulatory discipline, and operational risk management throughout the migration lifecycle.

Skills

Leadership

Change management

Stakeholder management

Communication

Strategic thinking

Job description

State Street sought a Vice President to lead the Alternatives and Bank Loans Accounting workstream, directing transformation programs across global teams. The role focuses on design, testing, migration, and sustainable operating models within middle office services.

Ideal candidates have deep financial services transformation experience, senior leadership credentials, and strong stakeholder management, with responsibilities spanning data, controls, and client service considerations.