Cash/Payment Specialist - Digital Asset - Assistant Vice President

Job description

Who we are looking for We are hiring a Digital Asset GD Cash Specialist to be a cash subject matter expert, participating in workstreams to build digital asset operations within State Street’s infrastructure. You will be responsible for sharing knowledge and expertise around current operational workflows, maintaining alignment to GD Cash leadership, escalating any concerns to functional leadership, acquiring approvals of new models with functional leadership, and maintaining alignment with digital asset operations leadership. We expect this candidate to have a risk excellent mindset and be proficient establishing an effective control environment. The ideal candidate should understand digital asset concepts (blockchain knowledge, understanding of digital asset types, decentralized finance, tokenization, etc). At a minimum this candidate should have intellectual curiosity to learn about digital asset servicing. This role will have a dual reporting line to GD Cash leadership and digital asset operations leadership. Why this role is important to us This role will have an important part in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen, we need teams like this one to execute swiftly, build strong procedures and processes, and implement a risk management framework to control the operating environment tightly. This role will seek cutting-edge solutions that are straightforward and scalable. It will also help us build resilience and execute day-to-day deliverables with timeliness and accuracy. What you will be responsible for As a Digital Asset GD Cash Specialist, you will Participate in workstreams as a cash subject matter expert for digital asset operations across a portfolio of value streams to deliver digital asset capabilities Foster alignment between value streams, manage interdependencies, and deliver value at an organizational level Establish risk control procedures to ensure risk excellence across all capabilities Partner with testing teams to develop, test, and enhance capability development in UAT and Production Manage risks, resources, and stakeholder communications across the workstream Provide regular communication and reporting updates to ensure full transparency and clarity of workstream delivery to both the functional leadership teams and digital asset operations leadership teams What we value These skills will help you succeed in this role Proficiency in the cash processing lifecycle, including the understanding of SSIs, cash cut-off times, various payment types and how to properly structure different types of payments, cash reconciliations, and the clearing of cash breaks Knowledge of cash flows and the underlying systems involved throughout the payment lifecycle Ability to escalate risks and decision points quickly to the appropriate stakeholders, whether that be functional leadership, digital leadership, and/or project leadership Ability to review and vet a new operating model for viability and alignment to our existing infrastructure Experience with payment initiation types, such as Fedwire and SWIFT payments Experience in the multi-year Payments, Cash, and Custody (PCC) strategic development program to modernize and simplify State Street’s core custody technology platforms is preferred; at a minimum, knowledge of what the PCC program is accomplishing Experience with the migration of State Street Cash Manager to Payment Hub and understanding of the underlying payment initiation applications Familiarity with payment initiation applications and the ability to perform required functions within the applications Knowledge of or interest in learning about digital cash, such as stablecoins and tokenized deposits Experience executing on a project as a critical stakeholder, including excellent time management and multi-tasking skills Education & Preferred Qualifications Bachelor’s degree in Finance, Accounting or related discipline 7-10 years of experience working in the financial services industry Ability to excel when faced with the unknown and challenged to develop new methods Excellent communication and escalation ability Ability to collaborate effectively across functions and external stakeholders Hands-on professional or personal experience with digital assets and wallets, distributed ledger technology, tokenization is preferred 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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs 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 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