Broker Dealer Controller, Vice President

State Street Corporation
Stamford, Connecticut
Apr 03, 2024
Apr 05, 2024
Work Mode
Full Time
Employment Type
Organization Type
Broker Dealer Controller, Vice President

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 reporting.

Why this role is important for 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. 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.

Who are we looking for?

The VP 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.
This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Main scope of responsibilities of the Legal Entity Controller/Chief financial Officer- Vice President function include:
  • Partner with the Businesses, Global Accounting Operations (GAO) and Finance leadership to ensure accuracy of financial results and that internal controls are appropriately designed and executed.
  • Engage with global leadership in key business and change initiatives, focusing on accounting related activities and internal controls to mitigate risk; as well as supporting new products and services initiatives
  • Partner with Operations team in migration / integration of CFG US, HK, UK and Portugal onto the Broadridge trading platform along with associated interfacing to the Oracle GL.
  • Oversee financial results and capital levels for specific assigned GM legal entities that support various GM business lines / products.
  • Implement and ensure compliance with GAAP accounting rules that affect accounting globally.
  • Define and monitor key performance / assurance indicators associated with financial reporting.
  • Maintain strong cross-functional relationships and communication channels across global locations including Information technology and operations.
  • Provide additional oversight of the reporting of CFG trading activity in State Street's general ledger and the reporting to global regulators.
  • Enhance the monthly regulatory reporting.
  • Review internal controls and make control recommendations.
  • Train and mentor staff in regard to the broker dealer industry.

These skills will help you succeed in this role:
  • 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
  • Strong knowledge of the Broadridge back office platform
  • Capability to participate in back office integration of Broadridge back office systems
  • Familiar with Regulatory issues impacting the Financial Services Industry in broker dealers.
  • Experience in managing annual audits and regulatory examinations

Education & Preferred Qualifications
  • Bachelor's degree in accounting, Business Administration or Finance
  • Accounting experience in the financial services industry broker dealers
  • Strong knowledge of self-clearing broker dealers.
  • Strong understanding of the of 15c3-1 net capital rules & 15c3-3 customer reserve rules
  • Experience with legal entity financial reporting & accounting
  • FINRA Series 27 FINOP

Are you the right candidate? Yes!
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.
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Salary Range:
$160,000 - $235,000 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.