About State Street
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. In Ireland, State Street is the largest provider of fund administration and custody services with $1.7tn in assets serviced across all asset classes
About State Street
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $42.6 trillion in assets under custody and/or administration and $3.9 trillion* in assets under management as of June 30, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 finance and technology experts worldwide*.
In Ireland, State Street is the largest provider of fund administration and custody services with $1.7tn in assets serviced across all asset classes. The Irish group also manages $317bn within its investment management division SSGA. In 2021 we celebrated 25 years in Ireland and 20 years in Kilkenny and currently employ approximately 2,000 staff in Ireland across Dublin, Drogheda, Naas and Kilkenny.
We are to establish a new specialist team in Ireland to provide technology infrastructure and cyber security services to support group operations globally. The new unit will employ up to 400 high value, experienced and graduate level roles, across: programming, Cybersecurity Operations Analysts, Cybersecurity Instrumentation Engineers, Data Scientists, Cybersecurity Architects (Network, Identity Access Management and BlockChain), Cybersecurity Forensics/Investigations, Pen Testers and Governance as well as Risk and Compliance experts. The new roles will be filled on a phased basis over the next 2 years. For more information, visit State Street’s website at www.statestreet.com .
About Inclusion and Diversity
Our employees come from many backgrounds and have a wide variety of life experiences.
By recognizing the value of different perspectives and encouraging employees to be their true selves, we’re working toward full organizational equality.
Reaching Higher with Our Diversity Goals
Our inclusive and diverse culture defines who we are. With employees around the world, we know that our differences are what make us a stronger company. We are committed to developing an environment that offers equal opportunities to individuals with distinctive backgrounds and unique perspectives. There is belongingness in inclusion, growth in diversity and fairness in equity.
What’s Working and Where We Can Improve
Maintaining transparency about where we are and where we have more work to do is an important part of holding ourselves accountable.
In 2021, we made progress in six out of the eight goals year over year. In particular, we made progress on all four goals regarding US employees of color and have nearly achieved our five-year goal for vice presidents (VP) and assistant vice presidents (AVP) in that demographic.
We also saw year-over-year improvement for representation of women globally at the senior vice president and AVP levels, but results were disappointing at the managing director (MD) and VP levels. Our analysis shows this was caused by disappointing hiring results at the VP and MD levels, although our retention and promotion rates remain strong.
We have a heightened awareness of the importance of a diverse talent pipeline and have implemented plans to improve our efforts. Additionally, we recognize the need to deepen diversity requirements and increase managers’ accountability at all levels of the organization.
We are committed to meeting our five-year 2022 diversity goals, leaning into our 10 Actions Against Racism and Inequality. We developed these 10 Actions to confront inequalities and build equity into our workplace and business, paying specific attention to our talent pipeline of Black and Latinx employees and candidates. We are also refining our talent development strategy to align with growing parts of the business
At State Street, inclusion and diversity are embedded in our values and culture. We know that an inclusive culture and a diverse workforce make us stronger and more successful. In a fast-paced and evolving world, we make it a priority to ensure that all of our employees across the globe feel their identities and experiences are represented, embraced, and celebrated.
Fostering an environment that encourages the authenticity of our employees is essential to our business. By educating, inspiring, and empowering our employees at every level, we cultivate a global force of leaders that reflects the diverse markets we serve. That’s why we focus on attracting, hiring, developing, and advancing talent of all kinds.
How We Work
We strive to maintain an environment where every employee feels valued, supported and able to meet their full potential. That goal is at the heart of our commitment to inclusion, development and engagement, and corporate social responsibility. As a State Street employee, you’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you.
Medical Care and Insurance
The health and welfare of our employees is important to us. We provide a range of medical plans that cover you and your dependents.
You can also take advantage of our employee and family life insurance, accidental death and dismemberment coverage.
State Street's BeWell helps employees proactively manage their well-being: from physical, emotional and financial perspectives.
Our Employee Assistance Program (EAP) provides personal and confidential assistance for a broad range of issues including marital, legal or health problems among others.
Depending on where you work, you will be eligible for regionally specific savings and/or retirement plans.
We also provide resources and host local events to educate employees on achieving financial well-being.
Holidays and Time Off
We provide our employees with a highly competitive holiday and paid vacation allowance, with considerations for local requirements. We also offer our employees two paid days off to volunteer their time to company-driven initiatives or organizations of their choice.
We are committed to supporting all employees and the ones they care about. That is why we provide solutions that help with parenting and managing family life. Details may vary by location, but some of our programs include paid parental leaves, back-to-work support, adoption assistance or flex work arrangements.
Among others benefits, you may have access to group savings, discounts at sport clubs and cinemas, and our new employee referral bonus program.