Payments Transformation, AVP

5 days ago

Toronto, Ontario, Canada Women in Payments Full time
Global Delivery PCC Project Central Team Hiring

Global Delivery Custody is forming a central support team for the Payments, Cash, and Custody ("PCC") strategic development Project. PCC is a multi-year effort to modernize and simplify State Street's core custody technology platforms. The Project 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 Project components. This team will be responsible for ensuring effective end-product design and client migrations.

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 Project, development spend, and prioritization aligns with GD overall strategy, GD meets its obligations to the Project, 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 Project team is being established to serve as a pivotal point of coordination of deliverables across Global Delivery for the PCC Projects 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.
Why this role is important to us:

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.

What you will be responsible for:
  • This role will be responsible for analyzing requirements and help in designing solutions.
  • Lead workflow analysis, data analysis, requirements analysis for current and future state models and architecture.
  • Lead creation and delivery of guides, playbooks, SOPs etc.
  • Navigate complex relationships, build strong business relationships and manage expectations with client stakeholders.
  • Help Project Manager manage various stages of the transformation lifecycle (solution design, integration and testing, implementation and operational readiness).
  • Become a product and platform SME.
  • Provide regular status updates and supporting project management reports as directed.
  • Develop and monitor stakeholder maps and engagement plans.
  • Facilitate workshops and planning sessions as required.
  • Plan and mobilize internal and external communications outreach as needed.
  • Manage Project risks, issues, assumptions, and dependencies.
Education & Preferred Qualifications:
  • Bachelor's degree or above.
  • 10+ years of financial industry experience preferably in Credit Risk domain.
  • Experience integrating with other applications, coordinating deployment, integration testing, prod readiness and migration activities.
  • Client engagement and expectation management across project life cycle.
  • Expert in MS Office including MS Visio, MS Project and PowerPoint.
  • Ability to work in a fast-paced, globally structured and team-based environment, as well as independently.
  • Experience in Agile Methodology and tools preferred.
  • Project management or business analysis skills is a plus but not required.
About State Street:

State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. From technology to product innovation, we are making our mark on the financial services industry. For more than two centuries, we have 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 by location, but you may expect generous medical care, insurance, and savings plans, among other benefits. You will have access to flexible Work Projects to help you match your needs. And our wealth of development Projects and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility:

We truly believe our employees' diverse backgrounds, experiences, and perspectives 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 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 Projects, 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.

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