Financial Reporting / Analysis / Planning, VP at State Street in Boston, Massachusetts

Job Description:

Who we are looking for

The LFO will lead the financial support for a business unit or a group of business units with the Markets & Financing division. The LFO will become the business partner to the business head(s) or function head (s) responsible for the identified businesses or functions as well as provide direct support to the Markets & Financing CFO. The position is responsible for monthly and quarterly financial performance review including return metrics and detailed sequential and year over year analysis to support LFO and business heads through earnings release. The LFO will leverage the Finance Insight Center for performance review analysis and support relating to direct revenue and expense, as well as indirect revenue and expense allocations, pipeline analysis, initiative tracking, balance sheet analysis (deposits and ROC), new business and product pricing, client and product profitability and client reporting. The LFO will be expected to present information to appropriate levels of management in a clear and concise manner.

Why this role is important to 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 as a whole. 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.

What you will be responsible for

• Strategic analysis and decision support to the business/functional heads


• Leverage the insight center for Planning, forecasting and analysis for the identified business/function, including advising and consulting to the business heads or functional heads


• Forecasting and rest of year risks and opportunities with potential levers, including providing insight to forecast and future performance


• Prepare routine performance reviews and other ad hoc requests for the Management Committee member, MC-1 business partner and CFO.


• Point of contact for any financial analytics or analysis required by the respective line of business or corporate function head.


• Oversee the preparation of analysis, commentary and presentation material for financial reviews with senior management.


• Support and advise the strategic planning process in conjunction with the business or functional head


• Maintain relationships and oversight of geographically dispersed finance support teams (i.e. Insight Center, International finance and accounting teams) to ensure quality deliverables and proper information flow.


• Lead special projects, including financial modeling, business case development and follow up, market and flows analysis in conjunction with the Insights Center.

• Bachelor's and 8+ years of experience or Master's and 4-6 years


• Must be able to work in a fast paced environment


• Must possess strong communication skills and have the ability to drive results within the Business


• First or second level management expertise required


• Solid excel, access and PowerPoint skills including pivot tables


• Solid business knowledge as it relates to the financial services industry.


• Understanding of the balance sheet and its usage/capital implications

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 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 investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:
$100,000 - $167,500 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.