Middle Office, Transition Manager - Managing Director
- Recruiter
- State Street
- Location
- Bangalore, India
- Salary
- Not disclosed
- Posted
- 01 Nov 2024
- Closes
- 19 Nov 2024
- Ref
- R-761202
- Approved employers
- Approved employer
- Contract type
- Permanent
- Hours
- Full time
- Experience level
- Director
Who we are looking for
In this role, you will work with State Street teams from around the globe to lead multiple teams supporting some of State Street’s key clients. You will have leadership and strategy responsibility to oversee and deliver all day-to-day responsibilities of your teams in a fast-paced, flexible and exciting environment. The role will need to initiate and develop good communication and interpersonal relationship with business operations teams and IT and to maintain the high level of service that is currently being provided to all the clients.
Why this role is important to us
This is a senior operational and managerial position with significant run the bank/change the bank responsibility within Middle Office Services. In addition to operational and team responsibilities, this role is client facing with senior client leadership, and acts as a primary escalation point for all internal/external clients. The candidate should be a hands-on leader who is required to ensure the teams under their responsibility undertake delivery to both internal and external clients, ensure timely response to client-initiated queries, and escalation of any unresolve matters to manager for best resolution solution.
What you will be responsible for
you will
- Report to the India Head of Middle Office, and be based in an existing State Street India location, and available to attend the office per existing working structures
- Lead a team performing operational investigation and due diligence in Middle Office business prospects, reviewing functional processes, standards, and controls
- Develop implementation plans for the take-or of new business, and manage the implementation though client onboarding
- Directly accountable for the production of work, deliverables and resulting client sentiment undertaken by State Street India
- Evaluate incoming work against existing State Street risk frameworks, create action plans to resolve deficiencies and achieve successful audit evaluations
- Create and manage project plans for transition of work between locations including each required component e.g. operations, technology, facilities, risk, documentation
- Work within the India Middle Office leadership team, aligning to the global heads to develop, monitor and action the business plan and budgets for those business activities performed at State Street India in line with corporate and division goals.
- Ensure that the business has the right resources, including staff, training, oversight and control functions, IT and financial, to operate effectively.
- Ensure teams are in compliance with internal and external regulations and follow escalation procedures.
- Communicate effectively on issues / problems to the Client and to SSC management and ensure a proper and timely follow-up to ensure resolution.
- Develop members of your leadership team, providing relevant guidance, support and opportunities
What we value
These skills will help you succeed in this role
- Deep and extensive asset management experience, including investment operations, fund accounting and portfolio valuation
- Focus on client outcomes, problem solving, cooperating and communicating with rest of organization to achieve shared success
- Maintain the highest standards of conduct and integrity within the business
- Support a culture of effective challenge to ensure appropriate governance, and one that supports the core values of State Street
- Collaborative leadership and work style
- Strong critical thinking, problem solving, and decision-making skills
- Client centric attitude in managing, prioritizing and delivering operations and services
- Strong communication and presentation skills to audiences of different sizes and levels of seniority including c-suite
- Must be self-motivated, adaptable and show initiative in different circumstances and under pressure
Education & Preferred Qualifications
- 18 years + experience in financial services, presently in a leadership role managing large Investment Management operations
- Navigate a large, global organization. Build meaningful relationships and develop an effective network
- Work successfully in a functionalized, matrixed environment. Effectively manage multiple stakeholders, determine highest priorities for the organization, identify and resolve contention between directives
- Proven leadership skills as well as managing and developing a high performing operations team
- Track record of achieving/exceeding financial goals through expense discipline and headcount management
- Experience in driving change management programs, sponsorship and leadership roles. Demonstrated ability to execute under challenging circumstances and deliver targeted outcomes
- Demonstrated ability to manage, coach and influence colleagues and virtual team members
- Cross-cultural awareness and the ability to connect with colleagues globally in a collaborative, open work environment. To serve as a role model of acceptance and flexibility in dealing with colleagues with varying backgrounds.
- Willingness for business travel where required
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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.
End Date: November 16, 2024For further information, and to apply, please visit our website via the “Apply” button below.