State Street Markets Recovery & Resolution, Vice President (Onsite)

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About the position

The State Street Markets Recovery and Resolution, Vice President is responsible for centrally leading State Streets Markets’ contribution to State Street’s Firmwide Recovery and Resolution Regulatory Requirements and Stress Testing. Due to the role’s requirements, this job needs to be performed primarily in the office.

Responsibilities

  • Centrally manage and support the Market’s business lines in their annual Recovery and Resolution Planning (RRP) deliverables.
  • Provide project management for specific sections of the firmwide plans across both Markets and other participating businesses.
  • Lead the update and refresh of existing critical operations plans, divesture plans and playbooks or any new requirements.
  • Identify appropriate SMEs and coordinate input and review.
  • Draft written updates, obtain and refresh business data.
  • Coordinate review and signoffs.
  • Manage process to tight deadlines and competing priorities.
  • Assist in development and review of assumptions underlying RRP playbooks and analysis.
  • Collaborate with the firmwide RRP Office, Markets business lines, Global Treasury and Front Office Risk to ensure recovery plans are aligned to business risk and ongoing strategy.
  • Liaise with the firmwide RRP team to deliver results on stress scenarios testing Recovery and Resolution Plan.
  • Proactively develop the necessary business knowledge and skills needed to achieve successful delivery of Markets’ RRP deliverables.
  • Build and oversee a governance framework that ensures the timely and accurate production of the division’s RRP plan in accordance with regulatory standards.
  • Maintain records for the preparation of the plans and stress testing.
  • Develop or enhance and document procedures and controls for updating the plan and associated data.
  • Work on other projects in the product management team as priorities and capacity requires.

Requirements

  • 10+ years of Financial Services Experience with Recovery and Resolution.
  • Relevant BA/BS.

Nice-to-haves

  • Program management.
  • Subject matter expertise in Recovery and Resolution Planning.
  • Strong execution skills and proven track record.
  • Well-developed communication skills including writing and presentation skills.
  • Ability to simply and concisely describe complex businesses, operating flows and issues.
  • Proven ability to manage multiple stakeholders and priorities.
  • Self-motivated, ability to work independently without detailed instructions.

Benefits

  • Paid volunteer days.
  • Access to employee networks.
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