Vice President - Fund Accounting & Administration
State Street Corporation (NYSE: STT) is the
world's leading provider of financial services to institutional investors
including investment servicing, investment management and investment research
and trading. With $28.40 trillion in assets under custody and administration
and $2.48 trillion in assets under management as of June 30, 2014, State Street
operates globally in more than 100 geographic markets and employs 29,420
worldwide. For more information, visit State Street's website.
Promoting a culture of excellence With more than 29,420
employees across 29 countries, at State Street, our people are our greatest
asset. We recognize that highly skilled, engaged and productive employees are
essential to our success. Our company values reflect our commitment to employee
engagement, Global Inclusion and corporate social responsibility - to help you
build a fulfilling career. Around the world, we aim to be an employer of choice
by offering competitive compensation and benefits, personal and professional
development opportunities, and a work environment that promotes a diverse array
of people, ideas and skills. We're a company that insists on, and rewards,
performance excellence. We know our success hinges on attracting the best
people to join us - people like you. State Street supports flexible work
arrangements where determined feasible, consistent with business and
operational needs. Subject to an individualized assessment of these
considerations, roles may be identified as potentially suited for a flexible
work arrangement. Requests for a flexible work arrangement can be made upon
hire. All employees at State Street have the ability to request flexible work
arrangements, with the final decision based solely on business discretion and
subject to management approval. More information is available here. We
encourage you to explore the possibilities that a career at State Street can
offer you. State Street is an Equal Opportunity Employer, and prohibits
discrimination against applicants or employees on the basis of any legally
Purpose of the Job (list the primary job duties and
- The main function of the role is: Account for the
day-to-day management of a functional/oversight team(s) and manage daily
service delivery and production activities performed by staff. Work in
conjunction with individuals on the team as well as other Shared Service
teams/COE’s, outsource locations, Client Operations and other business units to
ensure seamless processing according to the fund’s policies, to ensure
NAV/yield accuracy and that all SLAs are met. As well as, Work collaboratively
with teams and management across the organization on various projects,
oversight, committees, KPIs, etc.
- Act as the primary contact and key
escalation point for operational issues, as well as provide technical expertise
to resolve daily problems.
- Manage and escalate issues related to BU Shared
Services and COE’s.
- Manage departments overtime budget effectively,
indirectly responsible for other department budget matters.
appropriate records of daily and monthly activities are kept.
- Assist with
compliance/fiduciary reviews, controls, and audits as needed.
- Establish and maintain files, including highly confidential and sensitive information, which pertains to clients and division/corporate operations, as well as short/long-term strategies, budgets, etc.
- Assess impacts of regulatory
- Identify and implement consistent operational best practices.
Information Classification: Limited Access
- Organize Shared Service internal
meetings and compiles related documentation, assisting with the coordination
and development of the agenda and may attend meetings to record notes and
- Coordinate the implementation of new funds, systems and
processes as well as assists with client conversions and other client projects.
- Train, develop and motivate new staff, as well as complete performance
- Provide staffing recommendations by interviewing new personnel
and making effective hiring decisions.
- Serve on committees and help define
and implement new company initiatives.
- Provide coaching and development
opportunities to staff, participate in individual on-going training and
- Has accountability and responsibility for completing and
delivering PPRs on time.
- Make effective recommendations to hire, discipline,
control work and terminate employment.
- Make effective recommendations for
promotions, salary increases and bonuses.
- During the course of normal day to
day operations, responsible for identifying any unusual or potentially
suspicious transaction activity and must report and/or escalate in accordance
with corporate policy and guidelines detailed in relevant operating procedures.
- Perform other duties as assigned.
- Bachelor’s Degree
in Commerce / Economics with a specialization in Business, Accounting, Finance
or equivalent experience preferred Experience Requirements:
- At least 5+ years
of related Custody and/or Fund Accounting experience, part of which must have
been in a management or supervisory capacity. (Overall experience of 12+ years)
- Knowledge of securities language and legal requirements.
- Good interpersonal, organizational and management skills.
- Solid understanding of
operational functions within Custody and/or Fund Accounting. Ability to provide
technical expertise to resolve daily problems.
- Demonstrated computer proficiency and working knowledge of various software applications.
For further information, and to apply, please visit our website via the “Apply” button below.