Work force optimization- Senior Associate

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and calculable.

You will help us build resilience and execute day to day deliverable at our best. 

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Purpose of Role: This role is responsible for supporting the workforce reduction process globally. This role focuses on assisting with process standardization, compliance, efficiency, and business requirements. The Associate will work closely with GHR leadership, GHR COEs, technology teams, and business stakeholders to ensure smooth execution of workforce reductions while minimizing risks

Major Responsibilities:

• Process Support & Governance: Assist in defining and governing the Employee Relations process globally, ensuring compliance with local regulatory and legal variances. Collaborate with GHR COEs, HR Business Partners, and Finance to support the execution and provide assistance to impacted employees

• Standardization & Compliance: Help ensure global consistency in Employee Relations processes while accommodating local regulatory and legal requirements. Assist in designing and delivering global and local Employee Relations policies in adherence to relevant laws

• Ticketing Tool: Engage with Employee Relations when reviewing an employee for termination and provide guidance on managing employee complaints and grievances

• Stakeholder Management: Collaborate with various departments such as GHR COEs, legal, compliance, and finance teams to align Employee Relations policies and practices. This collaboration ensures smooth execution and support for impacted employees

• Operational Excellence: Benchmark against industry best practices and assist in developing key Service Level Agreements (SLAs) and Key Performance Indicators (KPIs) to measure process effectiveness

• Technology & Automation: Collaborate with GHR technology teams to leverage automation and digital tools for efficient execution of Employee Relations processes

PERSON SPECIFICATION                                                        

Level of Education/ Specific Qualifications:

Experience in a similar role, preferably financial services/banking

Skills and Experience

• 6+ years of GHR experience with a strong focus on GHR COE’s, workforce reductions, process transformation, and compliance

• Knowledge of workforce transition strategies, employment laws, and regulatory requirements across geographies

• Experience working with GHR technology platforms and automation tools for process efficiency

• Ability to drive cross-functional partnerships with GHR COEs, Employee Relations, HR Business Partners, finance, and business leaders

Required Competencies:

• Analytical & Data-Driven Decision Making: Expertise in process metrics, SLAs, and KPIs

• Global Mindset: Experience working in a multinational environment, balancing standardization with local legal requirements

• Risk & Compliance Management: Deep understanding of employment regulations related to workforce reductions

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

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.