State Street India | Core Operations - Assistant Vice President

Responsibilities

• The Client Service Ops AVP position is a management role responsible for a team of client service ops representatives providing both relationship management and daily operational support to our asset manager or asset owner clients.
• AVP’s are also responsible for their team’s work allocation and oversight, process improvement strategies, training of new staff, problem resolution and serve as an escalation point for external and internal clients.
• The AVP is expected to be hands on and have a good understanding of the day to day operations in the team.
• The AVP will also serve as an escalation point for the Inquiry management function.
• The role will be based out of Bangalore and lead a function of about 40 FTE.
• The AVP role will have front line staff as well as manager level staff reporting into the role and will in turn report to the Client Service Ops VP
• Proactively defines roles for the team in line with service levels and corporate initiatives.
• Responsible for managing multiple external client / investment manager relationships.
• Work with other global service teams to provide the expected level of inquiry resolutions to the asset managers.
• Responsible for the day to day management and successful oversight of the long-term relationships of assigned accounts.
• Responsible for managing the team of client service ops representatives and managers.
• Ensures superior client satisfaction by acting as an advocate for clients and ensuring client issues are satisfactorily resolved.
• Works closely with internal teams and clients to drive execution of initiatives.
• Facilitates communication between Client Service Operations & other business units to ensure an effective operating environment.
• Works with senior management keeping them informed of new developments, service issues, and new business opportunities.
• Provides project management support for client related initiatives.
• Manages internal and client expectations and handles escalations effectively and comprehensively.
• Manages conversion and new client relationships with minimal input/contact from VP or SVP.
• Acts as a liaison between business units to ensure successful implementation of service deliverables are being provided to the clients and the team.

Qualifications

• Knowledge on the Accounting, Custody, Income and Trade Processing workflow.
• Must have a minimum of 12 years of total related experience in the financial services industry.
• Projects/ transition experience preferably in a US centric captive unit of a major financial company in India.
• Strong front end / middle office client services exposure in the past will be a positive.
• Experience in relationship management, strong verbal and written communications skills, and good presentation skills is a must.
• Must possess leadership and management skills.
• Willing to work in US Shift

State Street

State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.

In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.

• Industry: Financial services — custody, fund services and investment management
• Headquarters: Boston, Massachusetts, USA
• In India: Offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City (Gandhinagar)