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 its senior finance leader, 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 with independence and credibility while balancing the interests of the wider enterprise and making decisions about investment, growth, partnerships, acquisitions, repositioning, and exits. The CFO advises and challenges SSIM’s CEO and leadership team; leads financial planning and performance management; evaluates portfolio economics and commercial choices; and provides financial leadership for transformation and investment governance. The role also maintains strong financial controls and regulatory compliance across SSIM’s global legal entities, partners with enterprise control and support functions, and leads a high-performing global finance organization. The successful candidate will bring deep investment management knowledge, commercial judgment, enterprise leadership, and experience leading transformation and difficult portfolio choices.

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.
Proven 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.
An undergraduate degree is 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 the regulatory, governance, capital, and control expectations of a GSIB or other large regulated financial institution.
An MBA, CPA, or CFA is 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, set hurdle rates, arbitrate competing investments, and drive corrective action when results or returns fall short.
Assess the attractiveness, competitiveness, revenue quality, and return profile of 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, the SSIM Operating Group, and enterprise Finance, balancing business advocacy with enterprise stewardship.
Lead financial aspects of 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 timely action on performance gaps.
Provide an integrated view of organic growth, market appreciation, gross and net 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 durability and quality.
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 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; modernize finance processes, systems, data, and reporting for faster and more forward-looking decision support.
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, and evolve the operating model as needed.
Build finance capabilities in investment management economics, commercial finance, data and analytics, transformation finance, and strategic transactions.
Create an inclusive and accountable culture, strengthen succession, and make Finance a source of business leadership.
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 other optional additional coverages.
Paid time off including vacation, sick leave, short-term disability, and family care responsibilities.
Access to the Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, with certain sales-role exceptions.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.