Global Treasurer, EVP

Global Treasurer, State Street Corporation, EVP

Role Summary:

Reporting to the CFO, the Treasurer for State Street has responsibility for the firm's global treasury and balance sheet management activities. Specifically, responsibilities include asset liability management, capital management, liquidity management, including intraday liquidity and oversight of investment portfolio and funding position.  This individual also interacts with senior risk executives, various EC members and senior business/functional leaders, the Board of Directors, investment bankers, rating agencies, and global regulators. 

Key Responsibilities include:

• Management of corporate balance sheet ~$350B for all of State Street; which includes managing and optimizing State Street’s ~$3B Net Interest Income

• Leads our strategy for managing interest rate and liquidity risk, which are key drivers of our Net Interest Income

• Responsible for CCAR, Balance Sheet Strategy, and deposit management functions, each of which requires cross-organizational coordination and have substantial financial and business impact

• Responsible for > $10B of annual long-term debt or capital issuance and $1-3 Billion annual share repurchase program

• Ensure overall optimization and efficient management of the firms' liquidity position and  funding, hedging credit or interest rate risk, and investment portfolio

• Leads our capital planning process, which determines our capital adequacy, issuance needs, share repurchases, and overall Capital Plan which is a critical piece of CCAR

• Responsible for corporate policies on Interest Rate Risk, Liquidity Management, Capital, and Capital Distributions, which are approved by the Board Risk Committee

• Responsible for corporate recovery and resolution planning program

• Manage rating agency relationships and overall corporate credit ratings

• Management of intraday liquidity position, Federal Reserve Max Cap borrowing capacity, Fed discount window borrowing, and overall firm Contingency Funding Plan

• Responsible for first-line of defense risk management of multiple significant financial and non-financial risks of State Street: interest rate risk, liquidity and funding risk, capital adequacy and stress testing, credit risk, and operational risk within the department

• Oversight of corporate investment portfolio which means managing the firm’s investment securities made for its own account, maximizing NII while operating within appropriate risk tolerances

• Chair of Corporate ALCO and member of various corporate risk committees

• Ensure that all business unit operates in compliance with global regulations and that escalation procedures are followed

• Ensure that all procedures, systems, and controls are regularly reviewed and in line with the risk profile of the unit

• Establish and monitor an effective oversight framework to ensure that issues are appropriately identified escalated and resolved. This includes: a) ensuring that appropriate management information is received, considered, and challenged as appropriate at intervals proportionate to the risks; and b) that staff members have clear understanding of the escalation path/principles

• Establish and nurture a culture of ‘Risk Excellence’  within the team, encouraging an environment of openness that welcomes effective challenge and supports open discussion.

Skills and Experience

The successful candidate will be an experienced financial professional with the following skills and experiences:

• Subject matter expertise in multiple functional areas of Bank Treasury necessary to support/challenge functional area leaders.

• Deep specialist knowledge and technical expertise on regulatory capital, stress testing, interest rate risk analytics, liquidity risk analytics, bank funding, money markets, and treasury operations.

• Excellent communication skills required – both written and verbal.

• Strong interpersonal and relationship-building skills necessary to coordinate cross-geographic/function team and associated control functions (ERM, Compliance, Legal) and business partners.

• Very strong leadership skills required.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide inv