Adresse
Form der Arbeit
Gehalt*Please note that this position can be based in any of the following locations: Germany, Luxembourg, Italy or France
State StreetGlobal Markets, our investment research and trading arm, provides specialized research, trading, securities lending and innovative portfolio strategies to owners and managers of institutional assets. Our goal is to enhance and preserve portfolio values for our clients through original flow-based research, proprietary portfolio and risk management technologies, trading optimization and global connectivity.
The position holds responsibility for the performance, governance & oversight of the SSBI Global Markets business. As a member of the EMB of SSBI collective responsibility with all other EMB members for the proper business organization of SSBI in accordance with German and EU regulations.
In addition, the role will partner with SSBI Branch Heads, Segments Heads and the rest of the organization to effectively drive the SSBI GM strategy and ensuring collaboration in identifying new revenue opportunities and increase share of wallet from existing clients.
General Role specifics
- Collaborate with global business heads to develop and monitor execution of the strategic business plan and budgets for SSBI GM in line with corporate goals.
- Responsible for business development and relationship management activity for SSBI GM
- Partner with the Investment Services division to ensure alignment of client and strategy, to increase client traction and drive revenue
- Act as an ambassador for both State Street & Global Markets at external industry events, increasing the prominence of the EMEA State Street brand.
- Develop and maintain relationships with key internal stakeholders including other business lines and corporate functions and external stakeholders such as clients, industry bodies and regulators.
- Ensure that the business has the right resources, including staff, control functions, IT and financial, to operate effectively.
- Ensure that the SSBI GM businesses operate in compliance with internal and external regulations and follow escalation procedures.
- Conduct periodic business reviews ensuring associated risks are identified and managed and remedial action is taken where appropriate.
- Provide input into strategic business line development through identification of key issues and trends.
- Report regularly to legal entity boards as well as corporate and regional committees with appropriate, timely and relevant information so that the groups can discharge their responsibilities effectively.
Collective Responsibilities with other EMB members of SSBI:
- Ensure that SSBI has a business strategy which is aimed at the sustainable development of the bank and a risk strategy which is consistent therewith as well as processes for the planning, implementation, assessment and adjustment of the strategies;
- Establish procedures for determining and ensuring SSBI’s risk-bearing capacity;
- Establish internal control procedures for SSBI by means of an internal control system and an internal audit function;
- Ensure adequate human and technical resources for SSBI taking into account the internal requirements, the business activities and the risk situation of the bank;
- Ensure the existence of adequate contingency plans for SSBI;
- Establish adequate processes and concepts with regard to outsourcing of services and activities by SSBI to avoid excessive additional risks and an impairment of the proper conduct of the business, the services and the organization.
Managerial:
- Demonstrate the ‘Risk Excellence’ culture by establishing the tone at the top, through personal accountability and ownership, education and awareness and reinforcing mechanisms.
- Maintain a detailed understanding of:
- The scope of the role’s managerial responsibilities
- The competence of the staff reporting to you
- Ensure that your team has clear understanding of their reporting lines, authority levels, scope of responsibilities (including those delegated to them and those they delegate), objectives, training and competency requirements plus progress is reviewed regularly in line with Company policy, and are regulatory registered where appropriate for their role
- Establish and nurture a culture of individual ownership of tasks to embed a clear individual sense of accountability into staff members’ behaviour in performing their roles.
- Ensure that the highest level of the Code of Conduct is displayed in your own and staff behaviour.
- Establish and monitor systems of control, delegated authority and escalation procedures so that the business complies with internal policies and external regulations and can be managed effectively.
- Adhere to the delegation and oversight (management information and escalation) framework in the performance of daily tasks. This includes taking proactive action to ensure there is adequate production of management information that is fits for purpose, and issues are raised as appropriate.
- Establish and monitor an effective delegation framework to ensure that tasks are performed by staff members with appropriate capacity and authority level (based on knowledge, skills and competence).
- Ensure that you make reasonable decisions by exercising reasonable care when considering information available to you. This includes taking proactive action to ensure that the information you have is suitable and adequate.
- Develop effective working relationships and communications with staff and ensure that staff are motivated, developed and supported.
Escalation
- Establish and monitor an effective oversight framework to ensure that issues are appropriately identified, escalated and resolved. This includes: a) ensuring that appropriate management information is received, considered and challenged as appropriate at intervals proportionate to the risks; and b) that staff members have clear understanding of the escalation path/principles
- All matters with respect to SSBI GM that could have a material adverse impact on State Street, its clients and its relationships with regulators will be escalated to the CEO of SSBI and the Head of Global Markets
Person Specification:
- University degree, post graduate/professional qualifications advantageous
- Minimum of 10 years’ experience in senior regional management positions within a regulated global financial institution.
- Basic theoretical experience covering: banking and financial markets; regulatory framework and legal requirements; strategic planning and an understanding of a credit institution’s business strategy or business plan and implementation thereof; risk management; accounting and auditing; assessing the effectiveness of a credit institution’s arrangements, ensuring effective governance, oversight and control; interpreting a credit institution’s financial information, identifying key issues based on this information and appropriate controls and measures; Knowledge of Global Markets (FX, Securities Lending, Research) highly advantageous
- Demonstrable experience and success in retaining and growing client revenue and leading cross product/ regional teams
- Appreciation of internal stakeholder management required within a global organization aligned by product & region
- Experience in managing both front and back office groups
- Knowledge of European regulatory landscape and impact on governance of Global Markets products
- Previous registration with ECB preferable
- Strong knowledge of and experience of working in Europe
- Position requires some travel on an as needed basis.
- Strong people leadership skills
- Management of the financials of a business
- Strategic thinking and analysis
- Senior Client facing skills
- Proven track record of successful execution
- Risk and compliance excellence
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.
For further information, and to apply, please visit our website via the “Apply” button below.
