State Street US | Fund Accounting - Quality Risk Controls, Managing Director

Responsibilities

• In this role, you will define a strategy to proactively review end to end process and controls, identifying opportunities to reduce risk, improve quality / automation and confirm ‘fit for purpose’ design across the operating model for a strategic client of State Street .
• You will work with State Street teams from around the globe and own the overall governance of this program – schedule of reviews, completeness of reviews and governance of subsequent action plans.
• You will interact with the client and lead the engagement, including demonstrating value added from each review and alignment with the end-to-end process including the client and other third parties.
• You will initiate and develop good communication and interpersonal relationship with key client stakeholders, business operations teams and IT to improve the overall operating environment.
• The role is the primary escalation point for all risk events and quality defects impacting the client.
• Perform a continuous assessment of effectiveness of operating model for the client with a focus on Fund Accounting/Back Office operational and technology controls, with emphasis on activities with highest impact on the Net Asset Value of the Funds
• Identify, recommend and implement approved control enhancement opportunities
• Perform root cause assessment, trend analysis, and monitoring of remedial actions for persistent and/or recurring issue trends
• Deploy a distributed model in which protocols of this role are embedded across global functions
• Define schedule of risk reviews and engagement with the client and operational teams
• Manage workshops and review sessions to perform an analysis of the effectiveness of the end-to-end process and control framework
• Evaluate current process against market standards and benchmarks to identify opportunities and confirm suitability of process
• Participate in the Fund Accounting Management Team and align with global functional leads on the outcomes of each review
• Ensure teams are compliant with internal and external regulations and follow escalation procedures
• Develop the wider team, providing relevant guidance, support and opportunities
• Support a culture of effective challenge and review to ensure appropriate governance and outcomes
• Build meaningful relationships and develop an effective network
• Work successfully in a functionalized, matrixed environment.
• Work with global teams to understand planned change management events (e.g. technology changes, process enhancements, general ledger changes, etc.) and evaluate impact on related processesAbility to organize and analyze large sets of disparate data to identify trends, emerging risks, and opportunities for enhancement

Education & preferred qualifications

• Experience in financial services, presently in a leadership role engaging senior leaders throughout the organization.
• 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.
• Experience in driving global 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.
• Deep and extensive risk, quality, governance, control experience
• Strong critical thinking, problem solving, and decision-making skills
• 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

State Street US

State Street US is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "For us, success comes in the mark we make as an organization– for the industry, our clients, our communities and each other."

Its finance, accounts, audit and tax openings in India are mostly in Boston, Quincy, Clifton and Kansas City.

• Industry: BFSI / Investments / Insurance