State Street
    June 16, 2024
    Quincy, Massachusetts
    Job Type


    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

    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

    As part of the GD Transact Value Stream:

    • Analyze business needs, Analyze business requirements, perform gap analysis
    • Create Functional Spec documents; user stories, process flow etc.
    • Review & provide feedback on system design/specification documents.
    • Ability to understand future state operating model and assist with the creation of business procedures.
    • Schedule and facilitate meeting and related documentation (agenda, meeting minutes, RAID logs etc.)
    • Manage Stakeholders, Report progress, risks and issues to Project Lead
    • Plan & Support User Acceptance Testing, Design & Execute Test Cases
    • Perform End-to-End System Testing
    • Support BUAT and Pre Production Parallel to ensure integrity of system data and operational requirements are clear, tested, and fully adopted
    • Support operational readiness activities such as user ID admin, procedures and control documentation etc.

    What we value

    These skills will help you succeed in this role

    • Creative thinking
    • Problem Solving
    • Good collaboration
    • Flexible and adaptable
    • Attention to detail
    • Strong communication
    • Ability drive execution
    • Project Management Skills

    Education & Preferred Qualifications

    • 3-5 years operational or project experience preferred
    • Knowledge of Cash/Payment/Banking Platforms is preferred but not required

    Additional requirements

    • Experience with Microsoft; especially Excel & PowerPoint
    • Project management or business analysis skills is a plus but not required

    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 help balance your professional and personal life, paid volunteer days, matching gift programs 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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