What are the responsibilities and job description for the Transformation Finance CFO, Managing Director position at State Street?
Who We Are Looking For
Reporting to the Head of Strategic Finance, the MD Transformation Finance CFO is a senior finance executive accountable for ensuring enterprise transformation initiatives deliver measurable financial outcomes. The role provides independent governance over business cases, drives disciplined value realization, and translates strategy into clear, actionable financial targets. This leader enables executive decision-making through rigorous analysis, transparent reporting, and proactive risk management.
What You Will Be Responsible For
Financial Governance & Value Realization
Experience & Profile
$170,000 - $267,500 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.
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-792090
Reporting to the Head of Strategic Finance, the MD Transformation Finance CFO is a senior finance executive accountable for ensuring enterprise transformation initiatives deliver measurable financial outcomes. The role provides independent governance over business cases, drives disciplined value realization, and translates strategy into clear, actionable financial targets. This leader enables executive decision-making through rigorous analysis, transparent reporting, and proactive risk management.
What You Will Be Responsible For
Financial Governance & Value Realization
- Own financial oversight of transformation initiatives, ensuring a clear linkage between strategy, business cases, and realized outcomes
- Establish and enforce consistent valuation methodologies, assumptions, and tracking standards
- Validate business cases and monitor delivery against committed benefits, milestones, and timelines
- Partner with executive leadership to define transformation targets and associated financial outcomes
- Guide resource allocation to ensure investments are aligned with the highest-value strategic priorities
- Track and report value realization against commitments, including financial impact and timing
- Ensure clear delineation of transformation-driven impact from baseline business performance
- Integrate transformation commitments into financial plans, forecasts, and budgeting processes
- Identify forward-looking risks and opportunities through rigorous financial analysis
- Recommend actions to mitigate risks, enhance performance, and capture upside opportunities
- Anticipate emerging issues and drive timely, data-informed course corrections
- Translate complex financial data into clear, actionable insights for senior stakeholders
- Provide transparency on progress, risks, dependencies, and trade-offs
- Ensure alignment with enterprise reporting standards and governance frameworks
Experience & Profile
- Senior finance leader with deep expertise in financial planning, performance management, and business case evaluation
- Demonstrated track record of driving financial discipline within large-scale transformation environments
- Strong analytical capability with the ability to synthesize complex data into clear, actionable recommendations
- Proven ability to forecast outcomes, influence senior stakeholders, and drive performance accountability
- Executive presence with clear, concise, and impactful communication skills
- Outcome-oriented with a strong sense of ownership and accountability
- Commercially astute with sound, well-balanced judgment
- Proactive in identifying, escalating, and resolving emerging issues
- Collaborative and effective within complex, matrixed organizations
- Advanced degree in Accounting, Finance, Economics, or a related field; MBA or equivalent preferred
- 15 years of progressive experience in financial planning, performance management, and business case evaluation within a large, complex financial institution
- Demonstrated experience operating at scale within a GSIFI or similarly regulated global firm
- Deep expertise in financial forecasting, governance, program management, and regulatory engagement
- Strong competency in designing and sustaining robust production and control processes
- Proven ability to engage credibly and effectively with Boards, regulators, and senior executives
$170,000 - $267,500 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.
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-792090
Salary : $170,000 - $267,500