Independent Non-Executive Director, Custodial Services Ireland ltd

Job Title: Independent Non-Executive Director

Employing Entity: State Street Custodial Services (Ireland) Ltd

Division: Institutional Services

Location: Dublin, Ireland

Regulated Role: PCF-2A

State Street Custodial Services (Ireland) Ltd ("the Company") is regulated by the Central Bank of Ireland as an Investment Business Firm.

This role requires you to bring sound judgement, scrutiny and perspective to matters under the care of the Company's Board of Directors ("theBoard ") and its committees.

Description of Role:

As an Independent Non-Executive Director ('INED') for the Company, your responsibilities will include (but are not limited to):

• attending Board/Committee meetings (including sufficient preparation and review of papers in advance) and actively participating in collaborative decisions and consultation, providing constructive challenge and reporting to the Company's Board as a Committee Chair, where relevant;
• ensuring that all decisions are properly informed, which will involve reviewing relevant management information, consulting with senior management and if appropriate, obtaining advice from experts either through internal or external channels in a timely manner;
• ensuring that you are satisfied with the integrity of financial (or other relevant) information presented to the Board, or a relevant committee, and that the Company's financial controls and systems of risk management are robust, appropriate, effective and defensible;
• consulting and participating in the appointment and dismissal of Board members, together with succession planning
• ensuring that you are appropriately acquainted with the Company's business, material risks, impacts and opportunities, strategy, operational and outsourcing frameworks.
• You will also need to understand the regulatory regime and obligations within which the company operates.
• continually seeking to develop and refresh your knowledge and skills to ensure that your contributions to the Board remains informed and relevant; and
• meeting with representatives of the regulator/s of the Company, as and when required.

Directors' duties and Conduct Standards:

As a INED, you will be required to discharge your fiduciary duties to the Company in accordance with the Companies Act 2014. Such duties include but are not limited to:

• acting in good faith in the interests of the Company;
• acting honestly and responsibly in relation to the conduct of the affairs of the Company;
• exercising the care, skill and diligence that would be reasonably expected of a person in the same position with similar knowledge and experience as a director; and
• ensuring that you are not conflicted in your duties and responsibilities to the Company and in the event such a situation arises, disclosing the conflict to the Company in a timely manner.

In addition, as an INED, you will be required to comply with the Common and Additional Conduct Standards as prescribed in the Central Bank of Ireland's Individual Accountability Framework.

Commitment:

As an INED, you will be required to allocate sufficient time to the Company to discharge your duties effectively. You may also be required to undertake limited tasks between meetings, from time to time. Your commitments will include:

• attending and actively contributing to quarterly Board meetings in person and any ad-hoc meetings remotely, unless prevented by exceptional circumstances;
• reviewing meeting papers in advance of attendance at meetings;
• acting as a member of such committees of the Board as the Board shall decide;
• ensuring that your personal skills and knowledge relevant to your role is kept up-to-date, including your knowledge of the relevant regulatory regimes applicable to the Company;
• meeting with Board members and other senior management of the Company outside of formal meetings to maintain and develop your knowledge of the Company and its activities, as required; and
• undertaking relevant training as required by State Street.

Other Requirements

The preferred candidate will need to satisfy any relevant background checks such as regulatory reference and criminal checks including fitness and probity requirements of the Central Bank of Ireland, as necessary.

Skills, Experience, and Competencies:

As an INED, you will be expected to have core expertise in some or all of the following:

• Proven track-record as an INED with strong asset management or asset services experience and established knowledge of the relevant European and Irish regulations together with an Institutional Risk Background (BtB).
• Former executive with a large financial services institution, preferably having worked in international organisations assisting the firm/subsidiary in developing and executing on their local strategy in a broader global strategic and governance context.
• Deep oversight/control experience on themes such as risk, outsourcing and technology is a requirement.
• Assessment of regulatory risk and experience in working for regulators or in roles requiring regulatory interactions.
• Suitable background in one or more of the following areas:
  • Depositary
  • Environmental Social and Governance (ESG)
  • Governance
  • Information Technology/Cyber Security
  • Risk Management
  • Audit/Accountancy
  • Client Management
  • Human Capital Management
  • Outsourcing Governance
• It is expected that the selected INED will chair the Risk or Audit Committee, hence a suitable background in such disciplines, previous experience in a large organization and INED experience of Chairing of either a Risk or Audit Committee would be an advantage.

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.

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