International Insurance Manager, AVP International Insurance Manager, AVP …

State Street Corporation
in Boston, MA, United States
Permanent, Full time
Last application, 25 Mar 20
State Street Corporation
in Boston, MA, United States
Permanent, Full time
Last application, 25 Mar 20
State Street Corporation
International Insurance Manager, AVP
The Corporate Insurance Department, within Enterprise Risk Management, 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 manage State Street's international insurance needs and Insurance Captive duties. The International Insurance Manager will be responsible for securing and monitoring all lines of insurance in coordination with State Street's global footprint and assisting with the management 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 an international insurance program and supporting the Insurance Captive, the International Insurance Manager will be responsible for reviewing contracts, recommending vendor insurance requirements and managing relationships with the insurance brokerage and underwriting community.
  • Design, secure and monitor an international insurance program encompassing all lines of insurance coverage
  • Assist with Insurance Captive 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 and 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 business areas of State Street
  • 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
  • 3-5 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
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $34.36 trillion in assets under custody and administration and $3.12 trillion* in assets under management as of December 31, 2019, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide.
Company Overview

From technology and product innovation to corporate responsibility and community development, 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 - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.