Chief Financial Officer, State Street Investment Management

State Street • Boston, MA

10d • $225,000 - $337,500

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 navigating competing priorities. The CFO will help determine where to invest, grow, partner, acquire, reposition or exit.

The CFO leads strategic finance, planning and performance management, commercial and product finance, transformation and investment governance, governance and controls, and the global finance organization. The role advises and challenges senior leaders, establishes clear business economics and investment standards, supports transactions, drives financial and operational transformation, and develops a commercially capable, analytical and accountable finance team.

The position requires 15 or more years of progressive finance leadership experience in large, complex global financial services organizations, including deep investment management expertise and a record of translating strategy into measurable outcomes. An undergraduate degree is required; an MBA, CPA or CFA is preferred. The annual salary range is $225,000–$337,500, subject to location. Employees may participate in State Street’s benefits program, including retirement savings with company match, insurance coverage, paid time off, an Employee Assistance Program, incentive compensation eligibility and certain tax-advantaged savings plans.

Requirements

• 15 or more 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 governance for converting them into measurable business value.
• Familiarity with the 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 operating commitments.
• Co-own enterprise performance and resource allocation, establish hurdle rates, arbitrate competing investments and drive corrective action when results or returns fall short.
• Assess SSIM’s business portfolio and 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 on 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, with accountability for commitments and 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 about 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 returns.
• Shape commercial choices across institutional, intermediary, wealth and partnership models, balancing growth, client relevance, economics and execution capacity.
• Lead finance aspects of operating model redesign and technology, data, automation and AI modernization.
• Set 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, maintaining 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 business finance, planning, controllership and shared enterprise services, and evolve the operating model as needed.
• Build capabilities in investment management economics, commercial finance, data and analytics, transformation finance and strategic transactions; strengthen succession and create an inclusive, accountable culture.
• Collaborate across SSIM, enterprise Finance, Technology, Operations, HR and other functions.

Benefits

• Retirement savings plan (401K) with company match.
• Insurance coverage including basic life, medical, dental, vision, long-term disability and optional additional coverages.
• Paid time off including vacation, sick leave, short-term disability and family care responsibilities.
• Access to an Employee Assistance Program.
• Incentive compensation, including eligibility for annual performance-based awards, with exceptions for certain sales roles subject to sales incentive plans.
• Eligibility for certain tax-advantaged savings plans.
• Inclusive development opportunities, flexible work-life support, paid volunteer days and employee networks.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive