Broker Dealer Controller, Assistant Vice President

Broker Dealer Controller, Assistant Vice President

The BU Controllership team proactively partners globally with the Businesses, Finance leadership and other Control functions to ensure the optimal design / execution of processes and identification of areas for improvement / best practice implementation for areas impacting financial reporting.

Why this role is important for us.

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Who are we looking for?

The AVP will work as a member of the Broker Dealers BU Controllership team supporting the overall State Street Corporation. The individual should have a strong accounting background and understanding of risks / internal controls – as well as an ability to proactively perform assessments and remediate identified issues. 

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Main scope of responsibilities of the Legal Entity Controller- Assistant Vice President function include:

• Partner with the Businesses, Global Accounting Operations (GAO) and Finance leadership to ensure accuracy of financial results and that internal controls are appropriately designed and executed.
• Engage with global leadership in key business and change initiatives, focusing on accounting related activities and internal controls to mitigate risk; as well as supporting new products and services initiatives
• Interact with Operations staff to ensure the accuracy of information provided through subledgers
• Oversee financial results and capital levels for specific assigned GM legal entities that support various GM business lines / products
• Implement and ensure compliance with GAAP accounting rules that affect accounting globally
• Define and monitor key performance / assurance indicators associated with financial reporting.
• Maintain strong cross-functional relationships and communication channels across global locations.
• Streamline and improve the timing of the month end close and corporate reporting to comply with corporate reporting deadlines.
• Migrate from Quicken general ledger and train and develop new staff on Oracle general ledger systems
• Transition operational accounting currently performed by the external accounting firm to  State Street’s  internal accounting staff. Review work streams to consider moving to some work to   center of excellence teams
• Daily, weekly, & monthly regulatory reporting

These skills will help you succeed in this role:

• Strong accounting foundation
• Understanding of risks / internal controls and ability to proactively perform assessments and remediate issues
• Strong analytical and quantitative skills coupled with a strong track record of executing against goals
• Ability to effectively communicate with stakeholders at all levels
• Strong customer service orientation and the ability to work in a team environment
• Familiar with Regulatory issues impacting the Financial Services Industry in broker dealers
• Experience in coordinating  annual audits and regulatory examinations

Education & Preferred Qualifications

• Bachelor’s degree in Accounting, Business Administration or Finance
• Accounting experience in the financial services industry in particular broker dealers
• Experience with legal entity financial reporting & accounting
• Knowledge of self clearing broker dealer  operations a  plus
• Expert level knowledge of Oracle General Ledger
• Familiarity of 15c3-1 net capital rules & 15c3-3 customer reserve rules
• FINRA Series 99 or Series 27 licenses

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asse