The Global Funds Management (“GFM”) team within State Street Global Advisors drives sound fund oversight programs across our funds and services. GFM’s Valuation Oversight Team is looking for a Global Head Valuation to execute and own the valuation processes for all securities held across our funds and accounts. You will lead the valuation committee including preparation and review of valuation reports, testing of fair value methodologies, and coordination of fair value determinations and related documentation. You will work and collaborate with various teams across the organization including, but not limited to, Operations, Compliance, Risk, and Portfolio Management, as well as presenting to the Board of Directors of the fund products.
As Global Head Of Valuation, You Will
- Develop, support and enhance our valuation process in support of our global product range in North America and EMEA
- Lead initiatives and develop / propose solutions to complex technical challenges or control issues.
- Engage with partners on the development of valuation control solutions using enterprise-wide technology and digital tools.
- Exhibit a broad understanding of control principles; define and develop practical controls that can be implemented.
- Lead and manage a global team of approximately 12 employees located in Boston, London and Krakow
- Serve as the firm’s valuation Subject Matter Expert; respond to internal and external inquiries related to valuation, provide responses for client questionnaires and participate in due diligence meetings.
- Perform independent valuations on securities ranging from basic to highly complex instruments such as equity, fixed income, derivatives, structured products, private credit/equity, and other assets
- Analyze market data such as prices, yields, and comparable securities to determine appropriate inputs into valuation models
- Document valuation procedures, assumptions, and conclusions clearly and concisely for financial reporting and audit purposes
- Interact with third parties, including external valuation experts, traditional pricing vendors and auditors to ensure robust and accurate pricing for portfolio instruments
- Prepare materials and present as Chairperson of the Valuation Committee, Fund Boards of Trustees and other senior committees on valuation matters
These Skills Will Help You Succeed In This Role
- Strong critical thinking, problem solving, and decision-making skills
- Excellent understanding of complex structured products and different models used for valuation, e.g. for derivatives and private credit.
- Strong understanding of current global accounting and regulatory standards and developments pertaining to valuation of financial instruments.
- Experience with valuation requirements for registered and unregistered investment companies, e.g., Rule 2a-5.
- Experience of regulatory and audit focus from a control & governance perspective, and able to provide detailed practical guidance on implementing appropriate controls.
- Adaptability to changing circumstances is crucial, as the prioritization of responsibilities will need to evolve with changing circumstances.
- Strong communication skills, both written and oral, and proven influencing and negotiation skills.
- Proficient with Microsoft Office (Excel, Word and PowerPoint); Skilled in the use of Bloomberg and other market data sources
Education & Preferred Qualifications
- Equivalent to bachelor's degree in accounting, Finance, Business or relevant field
- Minimum 12-15 years of experience preparing and/or auditing various types of security valuations required
- Relevant certifications (e.g., CPA, CFA) a plus
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
About State Street Global Advisors
What We Do. As the asset management arm of State Street Corporation, State Street Global Advisors has served the world’s governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world’s largest asset managers with trillions of dollars under our care.
Our Mission. At State Street Global Advisors our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.
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.
Company: State Street Global Advisors
Salary Range
$160,000 - $250,000 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
State Street's Speak Up Line
Job ID: R-770268
