State Street

Head of Accounting & Fund Administration, EVP

State Street
London, UK; Krakow, Poland; Luxembourg, Luxembourg; Dublin 18, Ireland; Milan, Italy
Not disclosed
24 Apr 2024
30 Apr 2024
Approved employers
Approved employer
Contract type
Full time
Experience level

London, England; Krakow, Poland; Luxembourg, Luxembourg; Dublin 18, Ireland; Milan, Italy; Zurich, Switzerland; Frankfurt, Germany; Dublin 2, Ireland; Munich, Germany; Gdansk, Poland

This business critical role is based in Europe. We are open to considering qualified candidates based in significant locations where we operate in Europe which includes the UK, Ireland, Germany, Poland. Switzerland, Italy or Luxembourg.

State Street is a global provider with $44 trillion in assets under custody and/or administration and $3.7 trillion under management.* Our investment servicing business provides solutions to some of the worlds most sophisticated institutional investors through our enterprise outsourcing capabilities, underpinned by our integrated front-to-back State Street Alpha SM platform.

Global Delivery manages our custody, accounting, fund administration, alternatives, middle office, transfer agency and on-boarding operations. Our team of close to 23,000 employees operate across 22 countries around the world delivering integrated solutions to support our clients as they grow and innovate creating better outcomes for the people they serve.

* Figures as of Q3 2023

The Head of Accounting & Fund Administration is responsible for organization, management and delivery of the entire suite of accounting and related services to clients.

The Head of Accounting & Fund Administration is a member of the Global Delivery Leadership team and Investment Services Extended Management Team. They have accountability for operations, service delivery to clients as well as driving strategy to ensure we deliver on financial, control and other priorities. The Head of Accounting & Fund Administration is responsible for leading, and developing a global team of over 7,500 people focused on the following core activities;

  • Multi-jurisdictional accounting including daily share class net asset value calculation
  • Maintaining client books and records in accordance with agreed accounting standards
  • Asset valuation and securities pricing including portfolio valuation and fund fair valuation
  • Production of financial statements, regulatory reports and provision of fund tax services
  • Statutory reporting to clients, regulatory authorities and other agreed third parties

The Head of Accounting & Fund Administration is responsible and accountable for ensuring:

  • Accounting and fund administration activities are performed, and services are delivered to clients in accordance with all contractual and client service level agreements.
  • High standards of accuracy and timeliness, delivering services in an efficient and controlled manner with a continuous focus on improving quality and productivity
  • Operating policies, procedures and controls are documented, adhered to and are compliant with relevant SOC/ISAE controls and regulatory requirements.
  • Key metrics, performance and risk indicators are in place to track volumes, manage growth, service delivery quality, cost, productivity, efficiency and risk
  • Financial performance to operating plan, forecasts are accurate, headcount and expenses are actively managed and agreed efficiency targets are achieved.
  • Client relationships are actively developed and managed on a professional basis, regular operational service reviews are conducted, actions are documented and completed.
  • Accounting and fund administration are appropriately represented, prepare for and actively participate at client meetings, presentations and due diligence reviews.
  • Thorough review of new business and service requests including operating model design, resource and technology requirements and risk assessments
  • Operating models are best in class, scalable, leverage global process standards where possible and clients are serviced on strategic technology platforms.
  • Optimal organization, resources are available and advance planning occurs to cater for growth, on-boarding, conversions, regulatory and other major projects
  • Engagement with global technology and vendors on the functional specification, testing and successful on-time delivery of new applications and/or software upgrades.
  • Effective team building, training, development, talent and succession planning with a focus on setting challenging but realistic performance and stretch goals.
  • Executive Committee, legal entity boards, second and third lines of defense are informed of relevant operational and service issues, risks and risk events in a timely manner.
  • Awareness of relevant industry and product developments, market trends and regulatory changes impacting operations, our clients and market participants
  • Development and execution of agreed business plans providing input into the formulation of Global Delivery and operations global strategy
  • Control, risk, compliance/ethics and internal audit reviews or inspections are fully supported and there are no open or overdue actions for Accounting.
  • Conflicts of interest (potential, actual, personal and business) are managed in accordance with corporate policy, and we operate with the highest standards of integrity
  • Compliance with all corporate and local policies and procedures with particular focus on health and safety, operational and third party risk, resiliency and business continuity

The candidate for this role will possess and/or be able to demonstrate,

  • A proven track record at a senior global level in asset servicing or asset management. Over 15 years' leadership experience within operations and or technology
  • Solid technical knowledge of accounting and fund services. Deep experience interfacing at a senior level with clients across product segments, third party managers and regulators
  • Strong team leadership, coaching, mentoring, communication and presentation skills with s focus on talent management, optimizing technology and managing operational risk
  • Excellent leadership skills influencing global cross-functional teams with a focus on pro-active communication and managing multiple stakeholders across the enterprise.
  • Exceptional communication and relationship management skills, with an ability to think strategically, manage complexity, significant change and multiple key priorities.
  • Commercially astute with an ability to manage during periods of uncertainty with extensive experience in managing client service delivery and business growth.
  • Demonstrated resiliency and track record of driving operational improvement; Energy, enthusiasm and an obsession with service quality and delivering to clients/stakeholders.
  • A relevant graduate degree or master’s qualification that can be leveraged in this role.

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

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