Network Management Cost Analyst, Assistant Vice President

State Street•Quincy, MA

20h

About The Position

As Assistant Vice President you will be part of the Americas Network Management and Correspondent Banking team. You will work closely with strategic sub custody relationships across global custody services, supporting operational excellence, financial performance, and regulatory alignment. You will play a role in providing data on the Balance of Trade between agents and State Street. You will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship — for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer — across all of our locations, products, and capabilities. Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.

Requirements

Mentor junior staff members and contribute to talent development.
Ability to collaborate externally with key sub custodians.
Like change and innovation.
Seek to see the bigger picture.
Make data driven decisions.
Be a good team player.

Nice To Haves

Familiarity with sub custodian expense process and Out of Pocket Processing is advantageous.

Responsibilities

Work directly with key custody vendors, including sub custodians and central securities depositories.
Support network management expense budget and requirements with internal and external stakeholders.
Contribute to executive-level service briefings.
Ensure accurate and timely end to end invoice processing across complex custody arrangements.
Resolve billing exceptions and support audit readiness efforts.
Collaborate with operations and technology teams to enhance billing systems and reporting capabilities.
Oversee the sub custody invoice process and team.

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 our Employee Assistance Program
Incentive compensation including eligibility for annual performance-based awards (excluding 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
Vibrant employee networks