IMS-OPS First Line Manager, Officer

Recruiter
State Street.
Location
Berwyn, Pennsylvania; Newport Beach, California; Los Angeles, California; Irvine, California
Salary
Not disclosed
Posted
05 Sep 2022
Closes
03 Oct 2022
Ref
R-709483
Contract type
Permanent
Hours
Full time
Experience level
Manager

Berwyn, Pennsylvania; Newport Beach, California; Los Angeles, California; Irvine, California; Alameda, California; Austin, Texas; Aliquippa, Pennsylvania; Burlington Massachusetts; Charlotte, North Carolina; Detroit, Michigan; Princeton, New Jersey; Clifton, New Jersey; Durham, North Carolina; Jacksonville, Florida; Hadley, Massachusetts; Jersey City, New Jersey; Grafton, Massachusetts; Cambridge, Massachusetts; Boston, Massachusetts; San Francisco, California; Sacramento, California; Westboro, Massacusetts; Redwood City, California

Who we are looking for

Job Description

In this role, you will work with State Street teams from around the globe to support premier investment management clients. You will have immediate responsibility to oversee all day-to-day transactional responsibilities in a fast-paced, flexible and exciting environment.

You will be the first line of defense in surfacing any potentially risky activity and will work collaboratively with your team members to ensure data accuracy. Join this growing high-visibility team focused on building innovative solutions to revolutionize how State Street services our customers.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Officer you will

  • Trade Settlement Resolution/ Fail monitoring
  • Serves as lead for operations in client presentations or for projects that impact operations.
  • Proposes and works to implement workflow changes and supporting technical solutions leading to improved productivity and profitability.
  • Keeps abreast of regulatory compliance and developments for the assigned area and apprises staff as necessary. Recommends procedural changes as needed to support prescribed requirements and risk mitigation.
  • Represent the corporation by serving on the internal and external committees and industry associations.
  • Ensure that a robust control environment is created and maintained for all groups.
  • Evaluate current operational and technical infrastructure and define strategic direction for development and change; including opportunities for efficiency and quality improvements.
  • Understand current service offering related to market requirements and define and recommend service changes as appropriate
  • Drive execution of internal projects and divisional goals related to the operations & client service departments
  • Execute overall business plan in assigned areas.
  • Set and monitor departmental productivity, efficiency and quality measures.
  • Assess measure and manage risk exposure as part of standardized business practices; immediately address and escalate issues, as appropriate, to sustain strong financial performance.
  • Creates and manages relationships with key contacts in departments that interact with the operations assuring they are satisfied with their level of service

Core Competencies:

All of the competencies listed are important and should be used to define the evidence that would be required for the selection process:

  • Managing the Business: The ability to take a broad perspective, seeking and identifying opportunities for new initiatives and the ability to evaluate and improve processes in order to add value to the business. Goal driven with a desire to succeed.
  • Analytical Thinking: The ability to gather information, test propositions and connect related and unrelated matters in preparation for decision-making.  The ability to clearly present the rationale for decisions and question/challenge feedback received if not clear.
  • Decision-Making: The ability to use sound judgement to provide recommendations and make decisions that add value to the business.
  • Initiative: Display pro-activeness and the ability to organize work effectively, plan ahead and consider alternative options or strategies
  • Technical Ability: The ability to apply well developed technical skills to meet all the needs of the role
  • Communication: The confidence to present information effectively and to provide written reports and communicate effectively at all levels of the business. 
  • Team Work: The ability to work effectively as part of a team, but also the ability to lead and motivate.  Ability to resolve conflicts. Generates enthusiasm among team members and challenges others to develop as leaders.
  • Organization & Administration: The ability to organize, work effectively, plan ahead and consider alternative options or strategies.

Personal Characteristics:

The characteristics which underpin competent performance:

  • Flexibility: The ability to accept and adapt to change handling new and/or unfamiliar situations
  • Independence: The ability to adjust ones views in the light of changing circumstances. Self-motivated, self-assured.
  • Resilience: The ability to withstand pressure, willingly working extended hours as and when necessary and work within critical deadline situations.
  • Assertive: direct discussion assertively but with understanding of how others need to receive information and without aggression
  • Integrity:  Maintain a professional and trustworthy approach to all role requirements

Education & Preferred Qualifications

  • Bachelor’s Degree or its equivalent in Finance, Accounting, Business or related field
  • Two or more years of management experience, preferably in a financial services organization much of which must have been in a management or supervisory capacity
  • Demonstrated managerial, leadership and decision making abilities.
  • Knowledge of all products services and processes.
  • Working knowledge of financial securities markets, language and products as well as legal and regulatory requirements
  • Detailed knowledge of Investment Instruments such as: Equity, Fixed Income, Foreign Exchange, Exchange Traded Derivatives, Liquidity
  • Excellent communications, organization, interpersonal planning, and analytical skills

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.

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

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