Regulatory Capital

*Who We Are Looking For*
We are looking for a motivated individual who has familiarity with US Basel rules / reporting and is ready to dive into technical capital regulations, execute complex financial calculations, troubleshoot with data mining skills and technology solutions, work with cross functional business partners, and manage tight reporting submission timelines under a well-controlled environment to ensure accuracy and regulatory compliance.

As a member of the Regulatory Capital team, your initial focus will be on monthly, quarterly and annual deliverables related to capital and risk-weighted assets (RWA) calculations and reporting. However, the scope of work can go as far beyond as a self-driven talent is willing to go.

Why this role is important to us
In July 2013, U.S. banking regulators jointly issued a Final Rule implementing the Basel III regulatory capital framework ("Final Rule"). Under this Final Rule, State Street is subject to both the Standardized approach and the Advanced approaches. In July 2023, the U.S. Agencies issued a proposed rule to implement the Basel III endgame agreement for large banks, such as State Street.

State Street is expected to produce accurate calculation of risk-weighted assets (RWA) in a manner that is compliant with the Final Rule, and conform to the new Basel III endgame regulations if and when they are implemented.

Adherence to capital regulations, production of accurate calculations, and submission of accurate reporting is of paramount importance to the State Street's regulatory compliance and success.

*What You Will Be Responsible For*

• Monthly, validate critical data elements used for exposure and RWA calculations on selected products (product selection will rotate over time for knowledge expansion and cross training)
• Monthly, compute and analyze capital ratios, which will be used by business partners and senior leadership for internal analysis, monitoring, and reporting
• Quarterly, prepare capital analysis presentation and earnings materials for senior Finance leaderships, including the CFO, Head of Investor Relations, and others
• Quarterly, prepare (on a rotational basis) FFIEC 101, FFIEC 102, FR-Y 14Q, FR-Y 9C, FFIEC 031, and FR-Y 15 regulatory filings, as well as regulatory capital disclosures in SEC filings (10-K & 10-Q)
• Stay abreast of regulatory and reporting updates, execute approved changes as needed
• Maintain procedure documents to reflect up-to-date processes and controls, especially in light of potential Basel III Endgame regulatory and reporting changes
• Support user acceptance testing (UAT) of the Risk Data Lake logic updates, including implementation of new product on-boarding
• Support both internal and external assurance and audit requests, as well as regulatory inquiries
• Participate in special enhancement projects
• Coach, mentor, and develop talents on the team

*What We Value*
These skills will help you succeed in this role

• Knowledge in GAAP, US Capital Rules (Basel III and Basel III Endgame), bank financial products, and regulatory capital reporting, or the ability to proactively acquire such knowledge independently or with minimal supervision/guidance
• Strong critical thinking, problem solving, and project management skills
• Ability to interpret client needs and key issues in moderately complex situations, takes a broad perspective to problems and identifies solutions
• Ability to interpret internal and/or external business issues and implements best practice
• Ability to adapt information/style to the audience, explains difficult issues clearly with strong communication skills
• Strong teamwork and relationship-building skills

*Education & Preferred Qualifications*

• Undergraduate degree, preferably in Accounting or Finance
• 5-8 years of relevant Finance experience, ideally in a complex global Financial institution
• Basel knowledge / capital regulatory reporting experience preferred Experience managing multiple tasks in multiple locations

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:*
$90,000 - $142,500 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.

Job ID: R-772969