State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management, and investment research and trading. With $33.99 trillion in assets under custody and administration and $2.81 trillion in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East, and Asia.

Job Description:

The main function of the role is to 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. Additionally, work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.

Role specifics:

- Oversees the activities of staff by working closely with direct reports.

- Manages the day-to-day activities and controls to ensure consistency of policies and adherence to procedures.

- Manages and facilitates the timely resolution of issues.

- 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.

- Identifies and analyzes operations risks related to current and potential business and recommends procedural changes and controls as needed.

- Creates and uses quality service measurement tools to ensure compliance with operational standards with SLAs and SOPs and create management reporting as needed.

- Coordinates and manages projects within the department and/or with BU Shared Services, COEs, and Client Operations teams.

- During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures.

- Conducts periodic performance reviews; provides ongoing counsel, training, development, and motivation of staff.

- Participates in the hiring, salary, promotional, and termination recommendation process.

Education Requirements:

- Bachelor’s Degree in Commerce / Economics with a specialization in Business, Accounting, Finance, or equivalent experience preferred.

- Highly proficient with Microsoft Office Products (Excel, Word).

- Demonstrated managerial, leadership, and decision-making abilities.

- Excellent communication, organization, interpersonal planning, and analytical skills.

- Ability to effectively bring individuals from multiple areas together to resolve identified issues.

- Should have exposure to trading instruments like Equities, Options, Bonds, Futures, Spots and Forwards, Bank Debts, and Credit Default Swaps (CDS).

- Should have knowledge of Corporate Actions, Income & Expense accruals, SEC Yields, Distributions, NAV calculations, etc.

- Should have prior Mutual Fund accounting experience, including General Ledger analysis and reconciliation.

Experience Requirements:

- At least 5 (3-6 for Officer) years of related Custody and/or Fund Accounting experience, part of which must have been in a management or supervisory capacity.

- Prior relevant work experience of 8+ 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.

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