VP, Technology Cost Transparency & Governance

State Street

Quincy (MA)

On-site

USD 110,000 - 189,000

Full time

3 days ago

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Benefits offered by this job

401K with company match

Comprehensive benefits package

Job summary

State Street seeks a Vice President to lead Technology Cost Management, building the ITFM/TCO capability within Global Technology Services Financial Operations Office. You will own the methodology, drive cost transparency, and partner with finance, procurement, and technical teams to enable executive reporting and informed technology decisions.

The role requires finance and technology fluency, strong analytics, and the ability to turn complex cost data into actionable insights for senior

Qualifications

Experience in ITFM, TCO, FinOps, finance transformation, business operations.
Experience designing or operating cost allocation, showback, chargeback, unit costing, service costing, or benefit tracking frameworks.
Experience defining KPIs, allocation methods, and reporting standards for executive financial or operational reporting.
Familiarity with TBM taxonomy or comparable cost frameworks.
Experience with infrastructure, application inventory, cloud, CMDB, service catalog, or product taxonomy data.
Relevant certifications or training such as TBM Practitioner or related credentials.
Experience in financial services or other regulated environments is preferred.

Responsibilities

Own the TCO/ITFM methodology, including cost pools, allocation rules, service and product costing, assumptions, and change history.
Establish showback reporting and chargeback preparedness, including methodology, policy inputs, stakeholder alignment, and governance.
Define the framework for identifying, sizing, tracking, and reporting cost optimization opportunities.
Set logic for validating realized savings against targets, separating deterministic results, estimates, and advisory analysis.
Define KPIs, reporting standards, and executive narratives that make cost transparency and optimization performance clear to senior leaders.
Translate financial policy and business needs into analytics and data delivery requirements.
Validate calculations and data products reflect the agreed methodology for leadership reporting.
Partner with finance, procurement, infrastructure, application, cloud, service catalog, and configuration management teams to improve source data.