Broker Dealer Controllership, Assistant Vice President

Your new team

The BU Controllership team proactively partners globally with the Businesses, Finance leadership and other Control functions to ensure the optimal design / execution of processes and identification of areas for improvement / best practice implementation for areas impacting financial and regulatory reporting.

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. 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.

The AVP will work as a member of the Broker Dealers BU Controllership team supporting the overall State Street Corporation. The individual should have a strong accounting background and understanding of risks / internal controls – as well as an ability to proactively perform assessments and remediate identified issues.

• Partner with the Businesses, Securities Operations, Global Accounting Operations (GAO) and Finance leadership to ensure accuracy of regulatory reporting, legal entity financial results and that internal controls are appropriately designed and executed.
• Engage with global leadership in key business and change initiatives, focusing on accounting and regulatory related activities and internal controls to mitigate risk; as well as supporting new products and services initiatives.
• Interact with Operations staff to ensure the accuracy of information provided through sub‑ledgers on a daily basis.
• Partner with margin manager on outstanding calls and margin calls collected. Assist in the daily cash projections needed for settlements. Assist in implementing and ensuring compliance with GAAP accounting and US broker dealer filings.
• Assist in testing of the Broadridge reports for new business initiatives. Maintain strong cross‑functional relationships and communication channels across global locations for Security operations teams.
• Streamline and improve the timing of the month‑end close and corporate reporting to comply with corporate reporting deadlines. Assist in the implementation of new regulatory reporting software.
• Daily, weekly, & monthly regulatory reporting.

• Strong accounting foundation
• Understanding of risks / internal controls and ability to proactively perform assessments and remediate issues.
• Strong analytical and quantitative skills coupled with a strong track record of executing against goals.
• Ability to effectively communicate with stakeholders at all levels.
• Strong customer service orientation and the ability to work in a team environment.
• Familiar with Regulatory issues impacting the Financial Services Industry in broker dealers.
• Experience in coordinating annual audits and regulatory examinations.

• Bachelor’s degree in accounting, Business Administration or Finance
• 5+ Accounting experience in the financial services industry, in particular broker dealers
• Experience with legal entity financial reporting & accounting
• Knowledge of self clearing broker dealer operations a plus
• Familiarity with enterprise level general ledger packages.
• Familiarity of 15c3-1 net capital rules & 15c3-3 customer reserve rules
• FINRA Series 99 or Series 27 licenses a plus.

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…