Global Markets & Credit Finance Business Unit Controller, Managing Director Greater Boston, MA Area + 2 more

Who we are looking for

State Street is seeking an accomplished finance executive to serve as the Global Markets & Credit Finance Business Unit Controller, Managing Director (MD). The individual will be responsible for providing strategic financial leadership, accounting governance, and controllership oversight globally for State Street’s Markets and Credit Finance businesses. This role, and the team it oversees, serves as the lead Controllership partner for the Markets and Credit Finance senior management. The MD is accountable for the integrity of the businesses financial reporting through ensuring appropriate governance, controls and processes across the complex global trading and lending organizations.

The successful candidate will combine deep technical accounting expertise with a comprehensive understanding of capital markets and credit finance, including foreign exchange, securities financing, derivatives and a variety of loan structures. For securities trading activity the MD will partner closely with the Securities Trading / Broker Dealer COE. This executive will play a pivotal role in supporting business growth initiatives, evaluating new products and transactions, influencing strategic decisions, implementing new systems, and driving transformation across a global operating model. As part of this role the individual will serve as a key Controllership representative in Markets and Credit Finance project, governance and risk forums.

This position requires a highly visible leader with the ability, both personally and through their team, to partner in supporting, challenge when appropriate and influence senior stakeholders across Markets, Credit Finance, Finance, Risk, Operations, Legal, Compliance, and Technology while maintaining a strong focus on financial integrity, governance, and risk management.

Why This Role Matters

The Markets and Credit Finance organization constitutes State Street's capital markets and liquidity solutions platform. As the lead Controllership executive supporting these businesses, the Global Markets & Credit Finance Business Unit Controller is responsible for ensuring the accuracy and integrity of the firm's financial reporting while enabling innovation, growth, and strategic transformation.

This role serves as a key advisor to executive management and provides leadership on matters involving:

Financial and regulatory reporting

Accounting policy and governance

New product development and approval

System implementations

Legal entity oversight

Operational and financial controls

Strategic business initiatives

Audit and regulatory engagement

The position plays a critical role in protecting the firm's reputation and strengthening its control environment, through maintaining, and enhancing as required, the appropriate governance and control structures, while partnering in executing on strategic initiatives enabling the achievement of business goals and growth targets.

What you will be responsible for

Global Markets & Credit Finance Controllership Leadership

Provide end-to-end financial controllership oversight for Markets and Credit Finance activities globally, including FX trading, securities financing, derivatives, and lending products.

Maintain accountability for the integrity, accuracy, completeness, timeliness and transparency of the business units financial results at both a State Street corporate and local legal entity basis.

Ensure compliance with U.S. GAAP and international accounting standards, global regulatory reporting requirements, and associated internal governance standards.

Lead quarterly and annual financial reporting reviews, certifications, and executive-level presentations.

Coordinate with Controllership and business teams to ensure an efficient, appropriately designed and well-controlled daily operating and close process is in place.

Maintain, establish and oversee metrics for the complex trading and financing transactions, identifying potential issues, monitoring and proactively addressing any potential gaps.

Partner closely with Global Accounting Operations, Regional Controllers, Accounting Policy, SOX and Business Risk Management, the Securities Trading / Broker Dealer COE and Regulatory, Capital and SEC Reporting to ensure the achievement of the above shared goals.

Strategic Business Partnership

Serve as the primary Controllership advisor to Markets and Credit Finance executive leadership.

Partner with business heads on strategic initiatives, acquisitions, product launches, system implementations and market expansion opportunities.

Prior to the launch of new business activities evaluate, and provide advice on, the accounting, reporting, and governance.

Challenge and influence business decisions while balancing commercial objectives against risk, control, and regulatory requirements.

Support long-range planning, financial forecasting, and strategic decision-making.

Markets Products & Technical Accounting Oversight

Provide leadership and accounting oversight relating to:

Foreign exchange trading activities

Securities lending and repo programs

Derivatives and structured products

Lending products

Balance sheet & P&L implications of Markets and Credit Finance activities

Act as the senior escalation point, while partnering closely with Accounting Policy, for complex accounting interpretations and technical accounting matters impacting Markets and Credit Finance businesses.

Controls, Governance & Regulatory Leadership

Maintain a robust and sustainable internal control framework across Markets and Credit Finance activities.

Lead efforts in the Markets and Credit Finance area to ensure compliance with Sarbanes Oxley.

Serve as the Controllership representative on governance committees and risk forums.

Own relationships with Internal Audit, External Audit, and regulatory stakeholders.

Drive timely remediation of control deficiencies and audit observations.

Ensure compliance with statutory and regulatory, reporting obligations across relevant jurisdictions.

Transformation & Operating Model Leadership

Lead finance transformation initiatives that improve efficiency, controls, scalability, and data quality.

Partner with Technology, Operations, and Finance Transformation teams on strategic systems implementations and process redesign initiatives.

Drive modernization of reporting, reconciliations, and control frameworks.

Leadership & Talent Development

Lead, develop, and mentor high-performing global controllership teams.

Build succession pipelines and develop future finance leaders.

Foster a culture of accountability, continuous improvement, collaboration, and risk awareness.

Education & Preferred Qualifications

Required Qualifications

Bachelor's degree, preferably in Accounting, Business or related discipline.

Minimum 10+ years of progressive Controllership or Finance leadership experience, either within or in direct support of a regulated financial institution.

Significant experience supporting trading, capital markets and /or lending businesses.

Deep knowledge of U.S. GAAP, financial reporting, and internal control frameworks.

Proven ability to influence executive stakeholders and lead cross-functional initiatives across large organizations.

Preferred Qualifications

Prior experience serving in a Business Unit Controller role, or equivalent senior finance leadership position.

CPA, Chartered Accountant, CFA, or equivalent professional qualification.

Expertise in FX trading, derivatives, securities lending, repo and loan transactions.

Experience evaluating balance sheet, P&L, capital and liquidity implications of trading and lending activities.

Demonstrated success leading large-scale finance transformation and system modernization programs.

Experience leading geographically dispersed global teams through change and transformation.

Ability to balance technical accounting rigor, business partnership, and enterprise governance, while operating in a highly regulated, fast-paced environment.

Strong executive presence with the ability to communicate and influence effectively with senior management, governance committees, and regulatory stakeholders.

Experience managing internal and external audits and interacting with regulators.

Salary Range:

$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.

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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.

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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.