Chief Financial Officer, State Street Investment Management

State Street•Boston, MA

About The Position

State Street is seeking an experienced financial executive to serve as Chief Financial Officer of State Street Investment Management (SSIM). As the senior finance leader for a major asset manager, the CFO will use finance to shape strategy, allocate resources, improve earnings quality and strengthen long-term enterprise value. The CFO reports to both the State Street CFO and the SSIM CEO, and co-owns strategy execution, performance and resource allocation. The role represents SSIM’s economics independently and credibly while acting in the interests of the wider enterprise, and helps determine where to invest, grow, partner, acquire, reposition or exit. The CFO will advise and challenge SSIM leadership, lead financial planning and performance management, provide commercial finance leadership for products and pricing, and govern transformation and investment decisions. The role also maintains financial controls and regulatory compliance across SSIM’s global legal entities, and leads a high-performing global finance organization. The successful candidate will bring deep investment management knowledge, commercial judgment, enterprise leadership and experience making portfolio choices, leading transformation and building a modern finance organization. The annual salary range is $225,000–$337,500, and may differ depending on the employee’s work location. Employees are eligible for a comprehensive benefits program that includes a 401(k) with company match; insurance coverage including life, medical, dental, vision and long-term disability; paid time off; access to an Employee Assistance Program; incentive compensation eligibility; and certain tax-advantaged savings plans. State Street also describes inclusive development opportunities, flexible work-life support, paid volunteer days and employee networks.

Requirements

15+ years of progressive finance leadership experience in large, complex, global financial services organizations, including significant responsibility for a business or business portfolio.
Deep investment management experience and command of asset manager economics, including flows, fee yield, product and wrapper economics, distribution models, capacity, market sensitivity and revenue dynamics.
Demonstrated impact reallocating resources, improving business mix or economics, challenging underperforming investments and translating strategy into measurable outcomes.
Proven record leading major business, operating model, technology or data transformation with measurable financial and operational results.
Deep expertise in strategic finance, FP&A, performance management, expense management and resource allocation.
Ability to advise and challenge C-suite leaders, influence enterprise decisions without relying on formal authority, and communicate effectively with boards and senior stakeholders.
Sound judgment and independence in a highly matrixed, multi-jurisdictional environment with dual reporting and competing business and enterprise priorities.
Undergraduate degree required.

Nice To Haves

Previous service as CFO or senior finance executive of an investment management business.
Experience across a broad product range, such as ETFs, index, active, cash, retirement, solutions and alternatives, and across institutional, intermediary and wealth channels.
Direct leadership of M&A, partnerships, integration or business portfolio restructuring.
Experience with technology, data, automation and AI investments and with governance to convert them into measurable business value.
Familiarity with regulatory, governance, capital and control expectations of a GSIB or other large regulated financial institution.
MBA, CPA or CFA preferred.

Responsibilities

Advise and constructively challenge the SSIM CEO and leadership team, translating strategy into a multi-year financial framework and clear operating commitments.
Co-own enterprise performance and resource allocation, including setting hurdle rates, arbitrating investments and driving corrective action when results or returns fall short.
Assess SSIM’s business portfolio for attractiveness, competitiveness, revenue quality and returns; recommend where to build, buy, partner, reposition, scale or exit.
Represent SSIM’s financial position and priorities to the State Street CFO, SSIM Operating Group and enterprise Finance while balancing business advocacy with enterprise stewardship.
Lead financial work for partnerships, acquisitions and divestitures, including thesis development, valuation, due diligence, structuring, integration planning and post-investment accountability.
Lead budgeting, forecasting, long-range planning and management reporting, ensuring accountability for commitments and timely action on performance gaps.
Provide an integrated view of organic growth, market appreciation, flows, retention, fee yield, mix, margin, operating leverage and market sensitivity.
Establish transparent economics across products, wrappers, investment capabilities, client segments, channels and geographies, including cost-to-serve, capacity and scalability.
Connect investment performance, flows, pricing and profitability to decisions on talent, research, data, platforms and underperforming or subscale capabilities while preserving investment independence.
Drive expense discipline and productivity while protecting differentiated growth investments and improving earnings quality and durability.
Provide financial leadership for pricing, fee exceptions and scale thresholds; improve visibility into client lifetime value, mandate profitability, revenue sharing, platform costs, sales productivity and distribution investment returns.
Shape commercial choices across institutional, intermediary, wealth and partnership models, balancing growth, client relevance, economics and execution capacity.
Lead financial governance for operating model redesign and technology, data, automation and AI modernization; establish business case and portfolio governance standards, prioritize investment, track benefits and stop or redirect initiatives that do not deliver credible outcomes.
Ensure modernization improves growth, client outcomes, decision quality, scalability, controls or productivity, and modernize finance processes, systems, data and reporting.
Maintain strong financial controls, accurate reporting and compliance with regulatory, audit and fiduciary requirements across SSIM’s global legal entities.
Partner with Controllership, Treasury, Tax, Risk, Compliance and Legal, ensuring clear ownership, escalation and challenge across shared responsibilities.
Support engagement with regulators, boards and governance committees as needed.
Lead and develop a high-performing global finance organization, define accountabilities across finance functions and shared services, and evolve the operating model as needed.
Build organizational capability in investment management economics, commercial finance, data and analytics, transformation finance and strategic transactions.
Create an inclusive, accountable culture, strengthen succession and position Finance as a source of business leadership.
Collaborate across SSIM, enterprise Finance, Technology, Operations, HR and other functions.

Benefits

401(k) retirement savings plan with company match
Insurance coverage including basic life, medical, dental, vision and long-term disability, with other optional coverages
Paid time off, including vacation, sick leave, short-term disability and family care responsibilities
Employee Assistance Program
Incentive compensation, including eligibility for annual performance-based awards, subject to stated exclusions
Eligibility for certain tax-advantaged savings plans
Inclusive development opportunities
Flexible work-life support
Paid volunteer days
Employee networks