CEO State Street Trustees Ltd - State Street Corporation

Responsible for the management of the depositary and trustee services provided in the UK by SSTL and for the overall management of the SSTL entity

Role

• Develop and monitor the SSTL strategy, business plan and budgets in line with corporate goals
• Management oversight of SSTL product, customer service, customer complaints handling, billing, and other aspects of client relationship management in relation to products and services offered by SSTL
• Management oversight of the services that SSTL has outsourced to State Street affiliates and third parties
• Ensure that SSTL has appropriate resources, including client facing staff, IT, financial, and oversight functions to operate effectively
• Ensure that SSTL procedures, systems and controls are regularly reviewed and in line with risk appetite
• Act as a member of the UK Country Committee and its sub-committees representing SSTL
• Report regularly on SSTL material risks and issues to corporate and regional committees and boards including the SSTL Board, UK Country Committee, and the State Street Europe Limited board with appropriate, timely and relevant information
• Develop and maintain open and constructive relationships with regulatory authorities in the UK that have direct supervisory responsibilities for SSTL
• Develop and maintain relationships with key internal stakeholders, clients and industry peers
• Promote effective governance and systems and controls for the SSTL business, ensuring compliance with internal standards and applicable regulations
• Conduct periodic business reviews ensuring associated risks are identified and managed
• Maintain an environment that promotes the highest standards of conduct and integrity in the interests of our clients
• Maintain a good understanding of the global, regional, segment and divisional strategies impacting the SSTL business
• Approve product-specific content of marketing material and the launch of new SSTL products and services
• Lead SSTL discussions with other EMEA depositaries ensuring SSTL contributes to a One-State Street approach to Depositary across EMEA
• Ensure the client facing SSTL Team demonstrates commitment to AML Risk excellence through timely completion of KYC due diligence requirements

Managerial

• Demonstrate the \’Risk Excellence\’ culture by establishing the tone at the top through personal accountability and ownership
• Maintain a detailed understanding of:
  • The scope of the role\’s managerial responsibilities; and
  • The competence of the staff reporting to you.
• Ensure that your team has clear understanding of their reporting lines, authority levels, scope of responsibilities, objectives, training and competency requirements
• Establish and nurture a culture of individual ownership of tasks
• Ensure that the highest level of conduct is displayed in your own and your staff\’s behaviour
• Establish and monitor systems of control, limits of delegation and escalation procedures
• Adhere to the delegation and oversight framework in the performance of daily tasks
• Establish and monitor an effective delegation framework to ensure tasks are performed by appropriately trained staff
• Build and maintain a strong relationship with SSTL Board members
• Ensure that SSTL operates in compliance with internal and external regulations

Escalation

• Establish and monitor an effective oversight framework to ensure that issues are appropriately identified, escalated and resolved
• All matters that could have a material adverse impact on State Street or its clients must be escalated to the UK Country Head and relevant control function heads

Committees

• UK Country Committee
• UK Technology and Operations Risk Committee
• UK Conduct and Compliance Committee
• UK Change Management Committee
• EMEA & UK Financial Crime Sub-Committee

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We create a great work environment with competitive benefits packages.

Inclusion, Diversity and Social Responsibility. We believe our employees\’ diverse backgrounds and experiences are a powerful contributor to creating an inclusive environment.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

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