Manager, Alpha Middle Office, Corp Actions

Recruiter
State Street.
Location
Hyderabad, India
Salary
Not disclosed
Posted
11 Jan 2022
Closes
31 Jan 2022
Ref
R-683339
Contract type
Permanent
Hours
Full time
Experience level
Manager

Alpha Middle Office team

The role of Middle Office in the organization is to handle critical and time sensitive controls, executions and decisions within investment operations. MO teams are responsible for position management, trade confirmation and settlements, corporate action processing, collateral management, cash and position reconciliation. Many teams have direct contact with clients and act on their behalf while interacting with internal and external parties.

Operations:

  • Own and Deliver Operating Model development & Execution
  • Enable all engagement between Delivery teams & client facing teams to improve services
  • Own Quality of Deliverables – KPIs, KRIs, management of exceptions
  • Identify and implement consistent operational best practices.
  • Actively manage executive global stakeholders across Global HUBS, Global Delivery and Global Services

Aladdin platform experience is required

Track accurate and timely completion of activities covered by team including but not limited to

  • Manage mandatory and voluntary corporate action processes
  • Receive notifications from all Custodians,
  • Collecting responses from Customer
  • Processing transactions within the Operating Platform Investment Book of Record,
  • Providing documentation and reporting on past Corporate Actions processed
  • Manage all income events within the Operating Platform Investment Book of Record
  • Monitoring of the Accrual process for Equities and Fixed Income Ensuring Income distributions are released correctly,
  • Reconciliation of events and investigation of root cause. Management of Custodian initiated FX process and posting of dummy FX to the Operating Platform Investment Book of Record.
  • Manage all tax events within the Operating Platform Investment Book of Records
  • Drive innovation, transformation and productivity, not only in India but globally across the delivery organization
  • Promote Risk excellence

Managerial Responsibilities

Lead one or more of the MO functions, manage client experience and operational delivery including change and transformation. The role is based in India and responsible for managing delivery.

Managing new business onboarding and allied responsibilities

Shoulder new business onboarding responsibilities for various MO functions for clients using different technology platforms. This requires through understanding of MO controlled environment, associated risks and safeguards for such risks

Bachelor’s/Master’s Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent. Professional qualification like CA, CMA, CPA is a plus

This is a key position and requires senior leadership and advanced skills

  • Overall 12-18 years and substantial relevant experience in middle office operations, part of which must have been in a management or supervisory capacity
  • Proficient in the middle office functions like trade life cycle, treasury ops, derivatives, income, corp actions, reference data is required
  • Aladdin platform experience (hands on) is required
  • Understanding of operational functions within middle office operations. Ability to provide technical expertise to resolve daily problems
  • Should have worked directly with clients and counterparties in a global context
  • Should have led operations at a global level, across countries & regions
  • Should have experience of end to end ownership of operations, with direct accountability on business, client and risk metrics (including losses)
  • Demonstrated leadership beyond operations, working with Risk, Technology, Automation and Change groups to drive BAU and transformation at scale
  • Being comfortable with ambiguity and the ability to work with well with teams, particularly ones that span different reporting lines, cut across multiple functions and geographies
  • Proven leadership skills as well as managing and developing a high performing operations teams
  • Proven track record of achieving/exceeding financial goals through expense discipline and headcount management, experience on investment decisions is desired
  • Proven ability to generate innovation ideas, manage project pipeline and ultimately transform businesses
  • Demonstrated ability to manage, coach and influence colleagues and virtual team members
  • Ability to work within a collaborative environment to achieve results
  • Should be open to work in EMEA and/or North American shift hours as needed by the business

For further information, and to apply, please visit our website via the “Apply” button below.

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