Corporate Insurance Specialist, VP

Who we are looking for

The Corporate Insurance department is responsible for securing a global insurance program and providing insurance expertise for State Street Corporation. The department is looking for a motivated insurance expert to oversee State Street’s global insurance needs and insurance Captive duties. The Corporate Insurance Specialist will be responsible for securing and monitoring all lines of insurance in coordination with State Street’s global footprint and assist with the supervision of an insurance Captive.

The Corporate Insurance department is comprised of highly experienced individuals with Management and Professional Liability and Property and Casualty backgrounds. This cohesive team works closely together to cross-train and provide support on all insurance coverages. In addition to placing a global insurance program and supporting the insurance Captive, the Corporate Insurance Specialist will be responsible for reviewing contracts, recommending vendor insurance requirements, acting as an insurance subject matter expert for all business units globally and managing relationships with the insurance brokerage and underwriting community.

What you will be responsible for

• Design, secure and monitor a global insurance program encompassing all lines of insurance coverage
• Insurance Captive supervision and related third-party vendor management responsibilities
• Ensure global compliance with all regulatory and insurance requirements
• Effectively negotiate insurance terms and conditions and review insurance policies and endorsements for accuracy
• Serve as an insurance expert for contracting, including client and third-party vendor contracts, RFP and Due Diligence questionnaires
• Manage and grow insurance brokerage and carrier relationships
• Manage the internal network of global colleagues in order to execute insurance needs
• Manage the certificate of insurance process for all global business functions
• Facilitate the reporting and management of insurance claims, while acting as the liaison between State Street, the insurance community and outside counsel
• Monitor the insurance program expenses in compliance with budget strategies
• Assist with various insurance risk management initiatives or projects as necessary

MINIMUM QUALIFICATIONS, SKILLS AND EXPERIENCE:

• 7 plus years of relevant global insurance/risk management experience required
• Expertise in Professional and Management Liability and Property and Casualty insurance
• Experience with insurance Captives and the reinsurance market
• High degree of attention to detail
• Strong multitasking skills while delivering high standards of quality
• Excellent written and verbal communication skills, including the ability to work across all levels of management
• Proven team-building and collaborative skills
• Bachelor’s degree

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

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.

Discover more at StateStreet.com/careers

Salary Range:

$110,000 - $181,250 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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our 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); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit .

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

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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.