Who we are looking for:
The Vice President oversees the management of teams that provide centralized price validation, statement tracking, performance reporting, data collection, reconciliation and data validation services to clients. The VP acts as the secondary escalation point for our stakeholders/homesite partners, who are responsible for overall deliverables for some of the largest institutional investors in Alternative Investments in the world. They will lead efforts on new client conversions, systems updates, and special projects, as well as providing direct oversight and mentorship to the Assistant Vice Presidents (AVP) and Officers on the team. The VP will also work closely with our homesite partners / stakeholders to provide data support and reporting solutions, participate in new client discussions, and lead training sessions, as needed The Vice President will be responsible for helping to drive on the design, implementation, and execution of the strategic vision of the Private Markets team in State Street’s Asset Owners group (formerly known as AOPM/AFAST & now named as AIAS – Alternative Investment Administrator Services
Why this role is important to us:
The AOPM/AIAS group assists institutional investors in managing the administrative aspects of investing in Alternative Investments, while also providing investors with the decision support tools and information they need to help find the alpha they are seeking from their managers. The Private Markets service is built on a set of integrated technologies, which allows us to process information from investor’s financial statements in a quick and efficient manner, and a dedicated client service team who is experienced in working with Alternative Investments and focused on delivering timely and accurate information
What you will be responsible for:
Managerial Responsibilities:
• Ensure their teams are delivering timely and accurate data updates and reports to our
stakeholders/homesite partners and their constituents
• Work closely with stakeholders/homesite to provide solutions for India related Process challenges,
People challenges, Training Requirements, Risk Issues and Client needs as needed.
• Provide direct oversight and mentorship to Managers/Officers & the team
• Ensure that all team members are following Standard Operating Procedures, and that quality
control checks are in place for all client deliverables
• Help and create robust support system for Process Managers in their secondary review of every
deliverables & ensure 100% accuracy, timeliness & completeness.
• Reassess, Refine and suggest optimization of existing AOPM operating process/model to ensure
that resources are being properly deployed by collaborating with our global partners
• Engage with State Street Client Service teams along with global partners & ensure client service
levels are met and discuss new solutions for streamlining process to meet client expectations or
require any changes at client end.
• Work with our IT partners to ensure support for development, implementation, and maintenance
of new technology solutions for AOPM clients and the AOPM team
• Support Homesite partners for any business growth initiatives by preparing data, responses,
participating in prospective client presentations, and reviewing opportunities with the Client
Service team
• Manage and help drive implementation efforts for special projects, as needed
• Perform & have governance of process, people, Risk & client related controls
Information Classification: General
• Drive innovation, transformation and productivity, not only in India but globally across the
delivery organization
• Identify and implement consistent operational best practices.
Individual Contributor
• Display a culture of individual ownership of tasks to embed a clear individual sense of
accountability in performing the role
• Ensure that the highest level of the Code of Conduct is displayed in your behavior
• Provide appropriate management information as required to support business unit decision
making
• Support the ‘Risk Excellence’ culture within the business
• Adhere to limits of delegation and escalation procedures required by your manager so that you
comply with internal policies and external regulation
Level of Education/ Specific Qualifications
Bachelor’s Degree in Commerce / Economics with a specialization in Business, Accounting,
Finance or equivalent experience preferred
Skills and Experience
This is a key position and requires senior leadership and advanced skills-
• Overall 16-18 years or relevant experience, part of which must have been in a management or
supervisory capacity
• Proficient in the working knowledge of Equity, Fixed Income Securities, Bank Loans, CFDs and
other derivative products
• Understanding of operational functions within Alternative Fund Accounting. Ability to provide
technical expertise to resolve daily problems
• Should have worked directly with clients and counterparties in a global context
• Should have experience of end to end ownership of operations, with direct accountability on
business, client and risk metrics (including losses)
• Demonstrated leadership beyond operations, working with Risk, Technology, Automation and
Change groups to drive BAU and transformation
• Proven leadership skills as well as managing and developing a high performing operations
teams
• Proven ability to generate innovation ideas, manage project pipeline and ultimately transform
businesses
• Demonstrated ability to manage, coach and influence colleagues and virtual team members
• Should be open to work in North American shift hours as needed by the business
Required Competencies
• Client Focus & Consultation - Provide excellent service and build strategic client partnerships
based on knowledge of their needs and by exceeding mutual expectations
• Manage Execution & Effective Communication - Deliver flawless execution of work products
through effective plans, clear priorities and developed process management methods to ensure
all resources function at optimal levels.
• Strong Product Knowledge - Strong knowledge of alternative asset classes, valuation
methodologies, and market trends. Hand-on experience of managing different Asset classes like
Private Equity, Hedge Funds, Fund of Hedge funds, Real Estate, Commodities & Derivatives.
• Leverage Talent Globally - Actively commit to developing yourself and others to drive the
competitive advantage achieved through a diverse, engaged and mobile workforce while
understanding different perspectives and cultures to align management practices to fulfill
business strategy
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.
Discover more at StateStreet.com/careers
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