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Middle Office, Vice President

State Street

State Street

Quincy, MA, USA
Posted on Tuesday, May 14, 2024

Who we are looking for

Looking for a hands-on manager who will be able to support middle office / post-trade functions for a major asset manager client. Expertise is required in one of the following functional areas: trade management / settlements, corporate actions, accounting, reconciliation, performance, dynamic and static reference data. Product expertise is expected in securities [equities / fixed income], derivatives and FX. The ideal candidate will address both daily production issues as well as internal/external escalated items in a time sensitive manner, interface daily with various client teams inclusive of the trade floor, and lead IT and Business projects which cultivate new/existing workflows and operations infrastructure. The candidate will also provide leadership of a diverse group of professionals across multiple locations.

Why this role is important to us

The team you will be joining is a part of State Street Global Delivery (SSGD). SSGD gives asset managers access to the essential financial tools they need to deliver effective investment solutions. Along with Middle Office Services, State Street provides core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGD’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Unit Manager, Vice-President you will

  • Subject matter expertise in at least one functional area: trade management / settlements, corporate actions, accounting, reconciliation, performance, dynamic and static reference data

  • Manage the specific functions within your particular area of expertise including transaction processing, exception resolution and query management

  • Monitor work queues and ensure critical deliverables are met on time and with quality

  • Lead/Manage multiple business teams across multiple locations

  • Cultivate and develop both associates and the direct management team

  • Lead IT projects associated with enhancing existing workflows and creating new workflows supporting new financial products

  • Client facing escalation contact

  • Leverage market relationships, interfacing with counterparties to prevent and resolve issues

  • Use a metrics-based performance review process to manage service levels

  • Report directly to Sr. Management and collaborate daily on items and projects impacting the broader firm

What we value

These skills will help you succeed in this role

  • Existing industry broker and custodian relationships

  • Industry knowledge of end to end middle office services / asset manager servicing

  • Expertise in understanding critical components of a middle office technology stack – reference data, transaction engine, asset servicing, reconciliation, accounting, performance

  • Strong Critical Thinking and ability to multi-task effectively

  • Technical aptitude with a desire to become a subject matter expert on products under management

  • Ability to manage both large and smaller scale initiatives with minimal oversight

  • Strong leader and proven ability to professionally develop all members of their reporting line

  • Microsoft Office proficiency

Education & Preferred Qualifications

  • Bachelor’s Degree requested

  • 7-10 years of relevant industry experience required

Additional Information

  • Required to be in office 4 days a week

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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs 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 perspectives 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 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 programs 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

Salary Range:

$110,000 - $177,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.