Background:
State Street has established a Global Billing Function under Controllership, which is responsible for client billing set up and invoicing across all business lines and geographies globally at State Street. Organizationally, it combines all groups performing these activities globally, and also includes centers residing in State Street Shared Service locations in Poland, India and China. Billing Organization owns aspects of business-as-usual activities within billing areas and also drives process improvements and automation. For the successful implementation of all these activites the controls function is extremely essential and hence the Controls Hub AVP role has been introduced.
Basic Purpose of Job:
Global Billing Operations (“GBO”) within the Controllers Organization is introducing an Out of Pocket (“OOP”) lead which will be focused on developing, implementing and managing the OOP inventory and certification process. The individual will also be heavily involved in the OOP remediation Program to validate the current approved out of pocket charges and sub-processes at the vendor level. This entails the documentation of procedures and key control points through interviews and deep dives with the business owners. The validation of pass though charges vs allocation methodologies currently used.
The team’s scope of responsibility includes GBO reporting and governance.
Business As Usual (BAU) Activities:
State Street's Speak Up Line