About the role
We are hiring an Assistant Vice President (AVP) to support the end-to-end business design, deployment and operational transition of the Direct Custody model for Italy, France, Belgium, the Netherlands & Germany and other T2S markets. The role will translate complex client, market and infrastructure requirements into scalable target operating models, technology solutions, controls and implementation plans across securities settlement, cash and FX support, corporate actions, income, reconciliation and client/account setup.
The successful candidate will operate as a senior business-design lead within the Direct Custody Business Design & Deployment team, partnering with Product, Operations, Technology, Vendors, Market Infrastructures and Control Functions. Following implementation, the role may support subsequent market launches or transition into the relevant BAU Direct Custody operations.
Why this role is significant to us
State Street is progressing a strategic transformation from sub-custodian arrangements to direct market participation across key markets.



Project requires a coordinated operating model across T2S direct markets, non-direct and sub-custodian routes, multiple client archetypes, account structures and market-specific exception mechanisms.
This role is critical to:
- Delivering controlled direct-market implementation through robust business analysis, requirements definition, solution design, testing and operational readiness.
- Creating a scalable and integrated service model across settlement and market-facing activities, while aligning upstream processing with the existing operating model.
- Managing client and market-specific complexity by distinguishing standard custody processing from exceptions requiring operating-model, technology and control closure.
- Building sustainable internal capability through documented processes, training, knowledge transfer and reduced dependency on temporary project structures.

Key responsibilities (Dire

📌 Core Operations (Mumbai)
🏢 State Street
📍 Mumbai