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For Companies At a Glance
- Tasks: Oversee a global network of banking relationships and ensure compliance with regulations.
- Company: Join State Street, a leading financial services provider with a commitment to innovation.
- Benefits: Flexible work-life support, paid volunteer days, and inclusive development opportunities.
- Why this job: Make an impact in a dynamic environment while shaping the future of finance.
- Qualifications: 3+ years in Network Management, strong communication, and leadership skills.
- Other info: Be part of a diverse team that values empowerment and ethical decision-making.
The predicted salary is between 36000 - 60000 £ per year.
State Street is recruiting for a Network Manager, AVP to provide oversight of our Agent Bank and Cash Correspondent Bank network. State Street’s network consists of over 150 relationships across 103 countries and is an integral part of the operation of the bank with over $53.8trn in AUCA. As State Street continues to service clients in an exciting period of transformation for the Bank, we require an experienced AVP with deep understanding of banking relationships and the complexity of supporting a diverse network.
Responsibilities
- Key responsibilities of an AVP Network Manager include the due diligence and on-going monitoring of a select number of third party /affiliate custodian relationships.
- Accountable for completion of key control processes relating to Network Management due diligence and oversight including but not limited to; questionnaire management and assessment, issuance and management of various governing documents, on-site due diligence visits and the maintenance of market related information.
- Contribution to the related Standard Operating Procedures (SOPs) and Operating Requirements process reviews. This includes assessment and incorporation of new and relevant criteria into the oversight process as required.
- Serve as Subject Matter Expert (SME) to clients and internal business units, supporting State Street Product Organisation business strategies and priorities.
- Participate in and/or contribute to internal governance and controls forums. Providing updates to senior management as required to mitigate known and emerging risks.
- Identify and compose market intelligence from third party sources for onward transmission to SSTB Clients whilst ensuring communication of key regulatory and third party / affiliate changes to internal business units and Governance structures where impacted.
- Represent SST externally at Industry events and forums. Lobbying with local participants and regulators to develop product and operational efficiencies for SST and its clients.
- Collaborate within Network Management, the wider Product organisation and other cross-functional partners to ensure SST’s compliance with relevant regulatory guidance and obligations.
- Develop the skills necessary to participate in projects and initiatives as required (e.g. regulatory requests / examinations, agent selection and conversions, change etc.).
- Act in accordance with Risk Excellence and role model Ethical behaviour and decision making as part of our Way Ahead foundation.
- Perform other duties as required.
What We Value
- Market knowledge across securities and cash products.
- Subject matter expertise of the Custody family of products; Global Custody, Direct Custody and associated FX and Cash products.
- Industry profile with a track record of engagement and contribution to major industry events.
- Track record of engagement with regulators and market infrastructures globally.
- Strong financial planning skills.
Education & Preferred Qualifications
- Seasoned AVP with 3+ years experience in Network Management or Product.
- Proven leader, strong communicator, consultative approach.
- Proven change agent with track record of delivery.
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.
Network Manager, Assistant Vice President employer: State Street
Contact Detail:
State Street Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Network Manager, Assistant Vice President
✨Network Like a Pro
Get out there and connect with industry professionals! Attend events, join forums, and don’t be shy about reaching out on LinkedIn. The more people you know, the better your chances of landing that Network Manager role.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your subject matter expertise in custody products and banking relationships. Share specific examples of how you've navigated complex networks in the past.
✨Prepare for the Interview
Research State Street thoroughly before your interview. Understand their operations, recent changes in the industry, and how your skills can contribute to their goals. This will show them you're genuinely interested and ready to hit the ground running.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re proactive and serious about joining the team at State Street.
We think you need these skills to ace Network Manager, Assistant Vice President
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Network Manager role. Highlight your experience in managing banking relationships and any relevant achievements that showcase your expertise in the field.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this position. Use it to explain how your skills align with our needs, especially in terms of oversight and due diligence in network management.
Showcase Your Industry Knowledge: We want to see your understanding of the securities and cash products landscape. Mention any relevant market intelligence or experiences that demonstrate your subject matter expertise.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at State Street
✨Know Your Network
Before the interview, dive deep into understanding State Street's network and its significance. Familiarise yourself with their Agent Bank and Cash Correspondent Bank relationships, as well as the complexities involved in managing such a diverse network. This will show your genuine interest and preparedness.
✨Showcase Your Expertise
Be ready to discuss your experience with custody products and your knowledge of market regulations. Prepare specific examples of how you've successfully managed third-party relationships or contributed to industry events. This will highlight your subject matter expertise and make you stand out.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills and ability to handle complex situations. Think of scenarios where you've had to navigate regulatory changes or manage risks in network management. Practising these responses will help you articulate your thought process clearly.
✨Engage with the Interviewers
Remember, interviews are a two-way street! Prepare thoughtful questions about State Street’s future initiatives and how they plan to adapt to industry changes. This not only shows your enthusiasm but also helps you gauge if the company aligns with your career goals.
