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- Tasks: Lead and manage SSTL's depositary and trustee services in the UK.
- Company: State Street is a global leader in custodian banking and asset management.
- Benefits: Enjoy competitive benefits, a great work environment, and opportunities for growth.
- Why this job: Join a dynamic team focused on client relationships and regulatory excellence.
- Qualifications: Proven leadership experience and strong understanding of financial regulations required.
- Other info: Be part of a diverse and inclusive workplace that values social responsibility.
The predicted salary is between 72000 - 108000 £ per year.
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, promoting resources reasonably designed to operate in compliance with internal standards and applicable regulations.
- Conduct periodic business reviews either directly or through the governance infrastructure, 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 oversee the creation, validation and launch of new SSTL products and services.
- Lead SSTL discussions with other EMEA depositaries and Product Head of Depositary & Trustee 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.
- 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.
- 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, its clients, UK consumers or financial markets must be escalated to the UK Country Head, to the SSTL Board, and to relevant UK/EMEA 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 help our clients safeguard and steward the investments of millions of people.
Work, Live and Grow. We create a great work environment with competitive and comprehensive benefits packages.
Inclusion, Diversity and Social Responsibility. We believe our employees’ diverse backgrounds contribute to an inclusive environment where everyone can thrive.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Job ID: R-764746
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CEO employer: This is an IT support group
Contact Detail:
This is an IT support group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land CEO
✨Tip Number 1
Familiarize yourself with the regulatory landscape in the UK, especially regarding depositary and trustee services. Understanding the key regulations and compliance requirements will help you demonstrate your expertise during discussions.
✨Tip Number 2
Network with industry peers and stakeholders in the financial services sector. Building relationships with professionals in similar roles can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Showcase your leadership experience by highlighting instances where you've successfully managed teams and projects. Be prepared to discuss how you've fostered a culture of accountability and risk excellence in previous roles.
✨Tip Number 4
Stay updated on the latest trends and challenges in the asset management and custodian banking sectors. Being knowledgeable about current events will allow you to engage in meaningful conversations during interviews.
We think you need these skills to ace CEO
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and expectations of the CEO position at SSTL. Tailor your application to highlight your relevant experience in management, strategy development, and client relationship oversight.
Highlight Leadership Experience: In your CV and cover letter, emphasize your previous leadership roles and how they align with the managerial responsibilities outlined in the job description. Provide specific examples of how you've established a culture of accountability and ownership within your teams.
Demonstrate Regulatory Knowledge: Showcase your understanding of regulatory frameworks and compliance standards relevant to the financial services industry. Mention any experience you have in maintaining relationships with regulatory authorities or managing compliance-related tasks.
Craft a Compelling Cover Letter: Your cover letter should not only express your interest in the role but also reflect your strategic vision for SSTL. Discuss how you plan to promote effective governance and manage risks while ensuring high standards of conduct and integrity.
How to prepare for a job interview at This is an IT support group
✨Understand the Company Culture
Before your interview, take some time to research State Street's company culture and values. Understanding their commitment to inclusion, diversity, and social responsibility will help you align your responses with their expectations.
✨Demonstrate Strategic Thinking
As a CEO candidate, you should be prepared to discuss your vision for SSTL. Be ready to articulate how you would develop and monitor the company's strategy, business plan, and budgets in line with corporate goals.
✨Showcase Your Risk Management Skills
Given the emphasis on risk excellence in the job description, prepare examples of how you've successfully managed risks in previous roles. Highlight your experience in establishing oversight frameworks and ensuring compliance with regulations.
✨Build Relationships
The role requires maintaining relationships with regulatory authorities and key stakeholders. Be prepared to discuss how you have built and maintained such relationships in the past, and how you would approach this in your new role.
