State Street Markets Recovery & Resolution, Vice President (Onsite)

Who we are looking for

The State Street Markets Recovery and Resolution, Vice President is responsible for centrally leading State Streets Markets’ contribution to State Street’s Firmwide Recovery and Resolution Regulatory Requirements and Stress Testing.

Due to the role’s requirements, this job needs to be performed primarily in the office.

Why this role is important to us

When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to State Street Markets. As the bank’s investment research and trading arm, State Street Markets’ goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

Join us to make your mark in the capital markets industry.

What you will be responsible for

As State Street Markets Recovery and Resolution, Vice President you will

• Centrally manage and support the Market’s business lines in their annual Recovery and Resolution Planning “RRP” deliverables
  • Provide project management for specific sections of the firmwide plans across both Markets and other participating businesses
  • Lead the update and refresh of existing critical operations plans, divesture plans and playbooks or any new requirements
    • Identify appropriate SMEs and coordinate input and review
    • Draft written updates, obtain and refresh business data
    • Coordinate review and signoffs 
    • Manage process to tight deadlines and competing priorities
• Assist in development and review of assumptions underlying RRP playbooks and analysis
• Collaborate with the firmwide RRP Office, Markets business lines, Global Treasury and Front Office Risk to ensure recovery plans are aligned to business risk and ongoing strategy
• Liaise with the firmwide RRP team to deliver results on stress scenarios testing Recovery and Resolution Plan
• Proactively develop the necessary business knowledge and skills needed to achieve successful delivery of Markets’ RRP deliverables  
• Build and oversee a governance framework that ensures the timely and accurate production of the division’s RRP plan in accordance with regulatory standards
• Maintain records for the preparation of the plans and stress testing
• Develop or enhance and document procedures and controls for updating the plan and associated data
• Work on other projects in the product management team as priorities and capacity requires

What we value

These skills will help you succeed in this role:

• Program management
• Subject matter expertise in Recovery and Resolution Planning, strong execution skills and proven track record
• Well-developed communication skills including writing and presentation skills and ability to simply and concisely describe complex businesses, operating flows and issues
• Proven ability to manage multiple stakeholders and priorities
• Self-motivated, ability to work independently without detailed instructions

Education & Preferred Qualifications

• 10+ years of Financial Services
• Experience with Recovery and Resolution
• Relevant BA/BS

Salary Range:

The range quoted above applies to the role in the location specified. If the candidate would ultimately work outside of the 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.