Business Analyst, Vice President

State Street Corporation
13 Jan 2018
15 Jan 2018
Job role
Contract type
Full time
State Street is seeking a Vice President–level Business Analyst in the Recovery and Resolution Planning (RRP) group supporting the following workstreams: Legal Entity Rationale (LER) Material Entities (MEs) Core Business Lines (CBLs) and Critical Operations (COs).

The RRP group provides organizational leadership for the development of Recovery and Resolution Plans that fundamentally strengthen State Street's capacity to respond effectively in extreme and catastrophic stress events. The Recovery and Resolution Plans are developed to align with requirements established by the Dodd–Frank Act and overseen by the Federal Reserve and FDIC. State Street conducts these efforts in the context of heightened regulatory expectations and under direct oversight from executive management. RRP efforts are conducted cross–functionally with strong engagement from senior and executive management in the U.S. and abroad functional leaders and subject matter experts across the organization.

The role has responsibilities ranging from the coordination development and actual writing of the firm's respective chapters for its Recovery and Resolution Plans as well as developing monitoring and advising on BAU processes supporting State Street's LER conformance ME determination and coordinating and working with the various CBLs and COs to establish clear and repeatable processes. The position will play an important part in supporting and participating in regular updates to senior and executive management as well as regulators.

The individual will have 7+ years relevant experience in finance legal risk or compliance functions in a large financial services organization. The ideal candidate will possess strong analytical skills effective written and verbal communication skills and an owner's mindset. In addition this individual will possess demonstrated leadership capabilities a capacity for strategic thinking and an ability to deliver high–quality work both independently and in project team settings. A strong commitment to teamwork within the RRP group and across organizational groups is vital to succeeding in this role.

Primary Responsibilities:

  • On–going maintenance and identification of CBLs/COs and MEs
  • Facilitation and coordination across Business Lines to ensure accurate and timely production of Global Custody CBLS and CO chapters of State Street's plan submissions
  • Refresh and review plan sections and support the overall RRP team by ensuring consistency across plan sections and building synergies
  • Addressing regulatory feedback and guidance
  • Creation of and managing to a project plan across various contributors
  • Support the annual review of material entities
  • Coordinate with the team and various State Street entities and Bus to ensure senior management is informed of any legal entity changes and updates
  • Monitoring adherence to LER principles and criteria
  • Maintenance project management on identified enhancements updates changes of the LER principles and criteria
  • Active and knowledgeable participation in regulation analysis
Qualifications and Skills:

  • Bachelor's degree required Master's degree preferred
  • Accounting degree a plus
  • Experience should include the following:
  • 7+ years working in large financial services organizations
  • Experience in a key contributing role related to finance legal risk or compliance functions in a large financial services organization
  • Strong verbal communication and interpersonal skills; comfortable delivering presentations and engaging in open collaborative dialogue in team and cross–functional settings
  • Ability to write in a clear and concise manner
  • Quantitative skills in analyzing a large volume of information
  • Intellectual curiosity and the capability to learn and analyze new concepts in a fast–paced environment
  • Strong attention to detail with focus on accuracy and understanding concepts
  • Experience working in project–based settings
  • Owners mindset
  • Microsoft Office suite skills
  • ESSBASE skills a plus