State Street India | Data Acquisition and Reconciliation Operations, Assistant Vice President

Responsibilities

• In this role, you will work with State Street teams from around the globe to lead Reconciliation team supporting State street Middle Office and back office services.
• You will have responsibility to oversee and deliver all day-to-day deliverables of the Reconciliation management team in a fast-paced, flexible and exciting environment.
• The role will need to initiate and develop good communication and interpersonal relationship with business operations teams and IT and to maintain the high level of service that is currently being provided to all the clients.
• This Reconciliation Officer/Assistant Vice President acts as a Primary contact point for all internal/external clients.
• The team is responsible performing Cash, Position and Non-Core reconciliation and support various functional teams to resolve the exception within SLA.
• Oversee and provide day to day management of Reconciliation Management team for responsible Reconciliation unit/client
• Drive Reconciliation process excellence though proactive management of the exception lifecycle
• Responsible for service delivery and client sentiment, including direct client contact
• Support a strong risk management and control environment
• Conduct high-level analysis in specific areas of expertise, identify and resolve work-processing issues, make suggestions to streamline operations and implement.
• Liaise with colleagues in region or divisions globally where required for client issue resolution
• Perform an review function of Reconciliation process to identifying operational trends, issues and areas for improvement.
• Perform work independently within scope of established guidelines and according to specific procedures.
• Support and proactive manage on Client Change Request items impacting the Enterprise processes and Operating Models
• Communicate effectively on issues / problems to the Client and to SSC management and ensure a proper and timely follow-up to ensure resolution.
• Provide guidance, support and development opportunities to the members of your team

Qualifications

• Proven experience in client communication and interaction at all levels.
• In depth understanding of Middle or Back Office operations, end-to-end processes of Mutual Funds, Hedge Funds, ETFs, and other investment vehicles.
• Should be proficient in multiple asset classes including derivatives, bank loans, fixed income, OTC products, etc., and have a deep understanding of their life cycles.
• Understanding of key technology within the support of investment management operations, TLM/TLP and Intellimatch.
• Experience of driving organizational change, with an understanding of change management principles, techniques & tools.
• Experience in leveraging technology solutions including low-code tools, SQL, Python or similar is advantageous.
• Strong MS Excel, Access, Word, PowerPoint skills necessary.
• Excellent analytical skills and ability to analyze on the spot.
• Strong critical thinking, problem solving, and decision making skills
• Hands-on experience with reconciliation tools like TLP/IntelliMatch and proficiency in manual reconciliation processes.
• Strong communication and presentation skills to audiences of different sizes and levels of seniority
• Must be self-motivated, adaptable and show initiative in different circumstances and under pressure
• Good team working skills.

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)