Payments Transformation, Senior Associate

1 month ago

Toronto, Ontario, Canada State Street Full time

Global Delivery PCC Program Central Team Hiring

Global Delivery Custody is forming a central support team for the Payments, Cash, and Custody ("PCC") strategic development program. PCC is a multi-year effort to modernize and simplify State Streets core custody technology platforms. The program is a collaborative approach across Global Delivery, Product, and Technology with integrated planning and decision making. Key outcomes include ensuring STT meets regulatory and market processing requirements, demands of current clients, and creating a world class, competitive Custody product offering The Global Delivery PCC team will work closely with IT and Product to drive the strategy and execution of PCC program components. This team will be responsible for ensuring effective end product design and client migrations;

  • Over the next 3-5 years State Street will deploy a next generation platform infrastructure that will be the foundation of our custody operating model and help drive our goals to improve service delivery, quality, resiliency, and productivity optimization

Some of the key specific efforts include modernization of Payments, Cash and Custody services, including;

  • Replacing IBS/Hogan DDA infrastructure with Temenos Transact platform
  • SWIFT ISO 2002 format support migration
  • Modernize our payments platforms including retirement of MTS and making RTPS ISO 2022 compliant
  • Enhance screening capabilities and integration with FIRCO platform
  • Consolidation and modernization of cash initiation platform with deployment of Dragonfly
  • GD focus areas will include ensuring GD business needs are achieved through the program, development spend and prioritization aligns with GD overall strategy, GD meets its obligations to the program, and to ensure effective platform conversions and overall business readiness
  • The central team will integrate with other PCC governance supporting Technology and Product and work with Global Simplification leadership to be aligned on initiatives and dependencies
  • The GD PCC Program team is being established to serve as a central point of coordination of deliverables across Global Delivery for the PCC programs individual development initiatives

PCC Team Members of the team will have the opportunity to:

  • Engage in a diverse group of initiatives
  • Help to define the future State Street Custody model
  • Interact with multiple levels of management
  • Enhance key strategic, communication, and leadership skills

Who we are looking for:

  • High-level knowledge of Treasury, Compliance and Credit Risk Management operations
  • Analyze business needs & document Business Requirements.
  • Manage stakeholder group
  • Write functional specifications.
  • Review & provide feedback on system design/specification documents.
  • Prepare Test Scenarios, Test Cases and execute User Acceptance Testing, End-to-End System Integration testing
  • Train application users on new functionality/features.
  • Participate in configurations, data mapping, and system implementation tasks.
  • Report progress, risks and issues to Project Lead.
  • Produce future state operating model and assist with the creation of business procedures.

Key Skills

  • Creative thinking
  • Problem Solving
  • Good collaboration
  • Flexible and adaptable
  • Attention to detail
  • Strong communication
  • Ability drive execution
  • Project Management Skills; experience in complex, global, cross organizational projects

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program 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 perspective 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 the 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 program 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.

Discover more at

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