EMEA Head of Custody, Senior Vice President

5 hours ago Permanent Competitive

EMEA Head of Custody, Senior Vice President

State Street Corporation Milan, Italy

Purpose of the Role:

Work transversally across custody functions to oversee service delivery and operational and financial risks, through close co-ordination and engagement with local, regional and global functional leads, representing the interests of clients and employees, and ensuring operations remain compliant with EMEA regulatory obligations and guidance.

Operations include Payments, Settlements, Tax, Income, Corporate Actions, Transaction Services, Agent Bank Operations, Loans, Derivatives, Market claims, and Reconciliation services.

The role will report dually to the global Head of Custody and EMEA Chief Operating Officer.

Responsibilities:

Oversee day-to-day Custody operations across all EMEA-based teams

Lead the operational integration of new business contracted through the region.

Monitor custody operations outside of EMEA providing services to EMEA-contracted clients

Execute Custody strategy within the region in support of global priorities including strategic integrations.

Proactively identify, monitor and resolve material emerging risks in EMEA custody operations

Engage Business Risk Management within region / globally to address systemic risk themes at root

Oversee Second and Third Line assessments, driving self-identification and manage on time closure of associated remediation activities

Ensure appropriate functional ownership of risks and operational issues and that mitigation activities are formally tracked through issues management and closed out timely, with escalation up through global functional management as necessary

Drive a 'Risk Excellence' and risk ownership / accountability mindset into everyday operations

Monitor / execute strategic change activities to ensure desired outcome

Manage performance against budget within region, drive actions to address budget overspends

Establish / maintain systems to manage staffing levels, organisational design, employee welfare, engagement, training, career planning and diversity objectives

Represent Global Custody in client interactions, business development, service reviews and material issue management and resolution

Represent the Custody function within regional Global Delivery management forums, and represent the EMEA region in global Custody and GD forums

Represent Custody and Global Delivery in interactions with the wider State Street organisation in region

Represent the global Custody function in interactions with regional regulators and other key market participants

Monitor third party providers to ensure service delivery in line with service level expectations

Engage with regional and global corporate support functions

Requirements and Qualifications

Bachelor's Degree or Master of Business Administration preferred

20+ years financial services experience

Strategic, execution-oriented mindset

Knowledge of EMEA regulatory environment preferred

Strong interpersonal skills & proven ability to establish and develop relationships

Ability to manage under pressure

Ability to provide respectful challenge

Ability to influence large teams not in direct line responsibility

Ability to influence organizational change

About State Street

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.

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Job ID R-779820