BASIC PURPOSE:

As part of a geographically diverse team, responsible for establishing and maintaining  contractual relationships with subcustodian and cash agent banks servicing State Street's cash and securities services requirements, monitoring the relationships to ensure the highest level of service is provided, evaluating risk, conducting due diligence visits, resolving conflicts, developing first hand knowledge of each market's structure, settlement and safekeeping systems, and managing specific market and client requests.

MAJOR RESPONSIBILITIES:    

• Manages and coordinates the success of regional Agent Bank Relationship Team members. Manage and develop staff while maintaining organizational understanding and reducing State Street risk where possible with a team-oriented approach.

• Responsible for individual and group's service to operational units and clients, including facilitating and communicating market requirements, explaining risk and possible ways to mitigate.

• Manages the agent bank relationship for a select group of markets.

-Responsible for establishing and maintaining a contractual relationship with each agent bank

-Monitor performance and compliance with operating requirements

-Monitor agent bank compliance with market requirements and regulatory mandates

-Negotiate fees for agent bank services

-Maintain knowledge of competitive prices in market considering market changes and competition

-Conduct on-site due diligence exercise (international travel required)

• Responsible for servicing operational units including facilitating and communicating market requirements and changes while providing extensive technical and operational knowledge of markets under management, and communicating implications to our operations units and external clients.

• Maintain, update and qualify market requirements while evaluating market risk.

• Lobby with local participants and regulators to develop product and operational efficiencies for State Street and foreign investors.

• Work with operational and business units to further develop product and operational efficiencies for State Street and foreign investors.

• Conduct RFP and fee negotiations as needed

• Market risk evaluation/analysis

• Facilitate communications and dissemination of information associated with markets assigned to internal and external audiences of all levels.

Qualifications:

Education and Experience

Bachelor's degree, MBA helpful.  7+ years global custody operations and client service or related experience.

Ability to speak English is required. Ability to speak Mandarin is preferred, but not required.

Skills/Knowledge  

This role requires highly effective verbal and written communication, negotiation, presentation, and multi-tasking skills with staff, senior management, internal and external clients, and industry colleagues, as well as a rapidly increasing degree of lobbying with market regulators and industry group.  The position requires a global strategic mindset with ability to prioritize issues, develop talent, set goals, influence the industry and collaborate with the broader team and business areas across the organization.

Candidates must be able to work  independently and as part of a team providingsolutions and recommendations to management. High level review of work.

Requires relationship skills to ensure optimum subcustodian performance considering operational processing needs and client requests. 

Requires reading comprension, presentation and listening skills.  Must  understand and apply compliance regulations pertaining to cash and securities services to the organization. 

Must be able to work with individuals  at all levels from entry level to executive management both internally and externally around the globe and understand the effect their judgment can have on clients and on State Street (such as financial impact and reputation).

Must be willing to work with geographically and culturally diverse colleagues within the team and across the organization, as well as external clients around the globe.

Our Company

State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $25.74 trillion in assets under custody and administration and $2.15 trillion in assets under management as of June 30, 2013, State Street operates globally in more than 100 geographic markets and employs 29,225 worldwide. For more information, visit State Street's website at www.statestreet.com.

Promoting a culture of excellence

With more than 29,225 employees across 29 countries, at State Street, our people are our greatest asset. We recognize that highly skilled, engaged and productive employees are essential to our success. Our company values reflect our commitment to employee engagement, Global Inclusion and corporate social responsibility -- to help you build a fulfilling career. Around the world, we aim to be an employer of choice by offering competitive compensation and benefits, personal and professional development opportunities, and a work environment that promotes a diverse array of people, ideas and skills.

We're a company that insists on, and rewards, performance excellence. We know our success hinges on attracting the best people to join us -- people like you.

We encourage you to explore the possibilities that a career at State Street can offer you.

State Street is an Equal Opportunity Employer, and prohibits discrimination against applicants or employees on the basis of any legally protected characteristic.