What are the responsibilities and job description for the Business Unit Controller (Markets and Product Control), VP position at State Street?
Role Summary
The Markets Business Unit Controller is responsible for partnering with the Markets business, and other corporate functions, to ensure that the business’s global activity is appropriately reflected in State Street’s financials. Included within this responsibility is a significant focus on implementing new products and systems, cross functionally partnering with teams across the globe to ensure the successful achievement of Markets strategic priorities in a timely manner with the appropriate reporting, control and governance structure. The primary product offerings of the Markets business, and focus of the Markets Business Unit Controller, involve FX Trading and Securities Lending.
Who we are looking for
We are seeking a Vice President to serve as Business Unit Controller for Markets, with responsibility for accounting oversight, financial control, and strategic partnership across complex specialized trading structures. This role requires a seasoned controllership leader with the ability to balance technical accounting rigor, business partnership, and enterprise governance, while operating in a highly regulated, fast-paced environment. The successful candidate will demonstrate strong executive presence, the ability to influence across Finance, the business and other functions, and have experience leading teams through change and transformation.
Why this role is important to us
This role is critical to safeguarding the quality and integrity of the Company’s financial and regulatory reporting while enabling business growth and strategic initiatives across Markets. The Vice President will help reinforce a strong control culture, support new products and legal entity activity, and serve as a key Finance representative in governance and risk forums.
Key Responsibilities
Financial & Legal Entity Controllership
$110,000 - $188,750 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.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
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.
Job ID: R-789655
The Markets Business Unit Controller is responsible for partnering with the Markets business, and other corporate functions, to ensure that the business’s global activity is appropriately reflected in State Street’s financials. Included within this responsibility is a significant focus on implementing new products and systems, cross functionally partnering with teams across the globe to ensure the successful achievement of Markets strategic priorities in a timely manner with the appropriate reporting, control and governance structure. The primary product offerings of the Markets business, and focus of the Markets Business Unit Controller, involve FX Trading and Securities Lending.
Who we are looking for
We are seeking a Vice President to serve as Business Unit Controller for Markets, with responsibility for accounting oversight, financial control, and strategic partnership across complex specialized trading structures. This role requires a seasoned controllership leader with the ability to balance technical accounting rigor, business partnership, and enterprise governance, while operating in a highly regulated, fast-paced environment. The successful candidate will demonstrate strong executive presence, the ability to influence across Finance, the business and other functions, and have experience leading teams through change and transformation.
Why this role is important to us
This role is critical to safeguarding the quality and integrity of the Company’s financial and regulatory reporting while enabling business growth and strategic initiatives across Markets. The Vice President will help reinforce a strong control culture, support new products and legal entity activity, and serve as a key Finance representative in governance and risk forums.
Key Responsibilities
Financial & Legal Entity Controllership
- Provide end-to-end controllership oversight for Markets activities, including responsibility for the integrity of business unit financial results.
- Ensure accurate, timely, and compliant monthly, quarterly, and annual financial reporting in accordance with U.S. GAAP and internal governance standards.
- Coordinate closely with Global Accounting Operations, Close and Consolidation teams to ensure an efficient, appropriately designed and well-controlled daily operating and close process.
- On an ongoing basis ensure that the appropriate metrics for identifying potential issues are established, monitored and proactively addressed if indications of potential gaps.
- Serve as a trusted Finance partner to Markets leadership on new initiatives, product launches, and strategic transactions – ensuring appropriate up front design and implementation for capturing activity in the financials.
- Provide accounting guidance on complex activities, including FX trading and securities lending and associated derivative structures, along with partnering in evaluating the capital impact of Markets activity.
- Support budgeting, strategic planning, and forecast activities in partnership with FP&A and business stakeholders.
- Proactively engage with the business and other functions to identify potential gaps and lead efforts to strengthen, as necessary, those identified areas.
- Maintain a robust internal control environment and oversee remediation of findings.
- Own accountability for internal and external audit engagement and remediation.
- Ensure timely and accurate regulatory and statutory reporting.
- Serve as Finance representative on governance committees.
- Lead SOX certifications, representation letters, and related attestations
- Lead controllership transformation initiatives impacting Markets.
- Partner with Global Finance Center activities, ensuring strong governance and controls.
- Proactively engage on Finance systems and change initiatives affecting accounting and reporting.
- Lead, coach, and develop controllership teams.
- Drive succession planning, performance management, and employee development.
- Promote a culture of accountability, risk awareness, and continuous improvement.
- Bachelor’s degree required; Accounting or Finance strongly preferred.
- CPA or equivalent professional qualification strongly preferred.
- 10-15 years of progressive experience in Controllership or Finance within a regulated financial institution.
- Strong knowledge of U.S. GAAP and financial controls.
- Experience supporting Markets activity and accounting for Markets products.
- Demonstrated ability to partner with senior leaders and global stakeholders.
$110,000 - $188,750 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.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
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.
Job ID: R-789655
Salary : $110,000 - $188,750