Alpha Standards and Best Practices-Finance Analyst - AVP (Finance)

Who we are looking for

The State Street Alpha client implementation team is looking for a qualified leader with strong experience in data analysis, financial modeling, process design and project management to perform and oversee financial management of the budgets of client Alpha implementations. The successful candidate must:

• Be highly organized
• Have the ability to quickly learn about State Street Alpha, its organizational structure, operating model, E2E environment applications, stakeholder functions and departments and business applications used
• Have advanced data analysis skills with the ability to quickly manipulate large quantities of data to enable analysis and provide data driven insights
• Be comfortable building advanced reporting using PowerBI, Tableau, Jira and any other proprietary data reporting applications used by State Street
• Flexible to quickly respond to changing implementation scope, requirements and timelines and assess their impact to the budget
• Comfortable in an environment of ambiguity
• Excited to build structure, processes and controls for the Alpha Financial Management function, from the ground up
• Have the ability to diagnose a barrier or problem, identify potential options to solve the problem and provide recommendations to senior leadership
• Be able to summarize detailed analysis concisely to resonate with senior leadership (MD, SVP) and highlighting the business application of the analysis
• Build relationships with stakeholders at all levels across Alpha, Global Delivery, Global Technology Services and contractors
• Enhance executive speaking skills to focus on projecting confidence and gravitas to build trust and consensus
• Be eager to think strategically about solutions for financial management practices that go beyond what we do today and focus on how we can optimize our existing technology and build better process to achieve the business outcomes that State Street will require in the longer term
• Have the ability to oversee one or many Financial Managers in the performance of their duties in managing the implementation budgets of their programs
• Work at effectively delegating work to more junior members of the team, when required
• Be able to prioritize and address critical asks from senior leadership as they arise

Why this role is important to us

The team you will be joining is a part of a global, cross-divisional group supporting State Street Alpha. State Street Alpha redefines the common definition of 'alpha' to power better performance and outcomes at every point on the investment lifecycle and is the first open platform from a single provider that connects the front, middle and back office. It harmonizes data, technology and services across trusted providers to help our clients better manage their businesses. A critical part of implementing State Street Alpha for our clients is overseeing and managing the costs that State Street's Alpha department incurs to implement, to ensure profitability of the Alpha deal and the overall client relationship with State Street. This role will support the implementation teams and leadership in managing and reporting on program implementation costs and improving cost management.

What you will be responsible for

As a Standards and Best Practices Finance Analyst - AVP you will responsible for:

• Building out processes, procedures and controls for consistent management of implementation financials across North American programs, executing against the vision set out by Alpha senior leadership
• Establishing sustainable implementation-, resource- and department specific reporting that can be utilized by Alpha senior leadership, Alpha finance and the State Street Chief Commercial Officer organization
• Overseeing and acting as a mentor to more junior resources on the team who will are responsible for day-to-day management of Alpha implementation program financial
• Potentially performing day-to-day management of Alpha implementation program financials, if bandwidth and time allows or a need presents itself

JOB DUTIES & RESPONSIBILITIES

• Drafting and implementing processes, procedures and controls to build structure around financial management practices to be performed across all North American programs
• Building relationships with counterparts in EMEA to streamline and standardize processes, procedures and controls across NA and EMEA

• Gaining the trust of, training and overseeing more junior members of the team as they perform their duties in managing program implementation budgets

• Leading business analysis of implementation cost data and participating in the discussion and communication of this analysis with senior leadership (MD, SVP); identifying potential solutions, trends, or areas of concern and taking action to execute potential resolutions
• Driving and assisting in the development of sustainable reporting techniques for financial management; includes reporting of actual and forecasted cost data for State Street FTEs and contractors as well as the productivity of State Street Alpha resources
• Facilitating stakeholder meetings to
  • Reinforce processes and controls related to financial management practices developed
  • Understand and probe on program costs and cost drivers
• Directly managing client implementation finances, where required to ensure coverage across each program, if needed
• Performing estimation and re-forecasting efforts to more completely and accurately obtain an Alpha Services cost target for new and existing Alpha implementation programs
• Monitoring forecast performance against actuals to uncover and remediate discrepancies and raise areas of concern as needed
• Developing synergies between the various stakeholder groups that Alpha interacts with (Alpha Finance, Global Delivery, GTS, Alpha Product) to ensure both the Alpha Client Implementation Executive ("CIE") and stakeholder objectives are met
• Potentially supporting project management activities for Alpha implementations, where needed; this may include documenting meeting agendas, minutes, project plans and RAID logs for implementation Client Implementation Executives ("CIEs")

MINIMUM JOB SPECIFICATIONS:

• B.S. degree in Data Analytics or Finance preferred
• Strong ability to manipulate large quantities of data quickly to enable analysis
• Knowledge of securities language preferred
• Strong interpersonal and organizational skills and attention to detail
• Strong written and verbal communications
• Must be deadline oriented with the ability to provide technical expertise to resolve daily problems

Salary Range:
$90,000 - $142,500 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.

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.

State Street's Speak Up Line Salary Minimum: 90000Salary Maximum: 142500