Driven by the State Street Beacon initiative, functionalization of corporate functions and re-alignment of the Finance operating model, State Street has established Global Accounting Operations (GAO) in 2017. GAO is a process-driven function responsible for all Record-to-Report (R2R) processes within Controllers including:

Each global process above is managed by a Global Process Owner (GPO) who owns all aspects of BAU production work, process re-engineering, and automation.

Majority of GAO capacity (circa 80%) is concentrated in 2 Global and 2 Regional GAO GFC (...