State Street India | Fund Accounting, Vice President

Responsibilities

• The role is based in India and responsible for implementing strategy and managing delivery.
• Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role.
• Lead accounting function, manage client experience and operational delivery.
• Ensure timeliness and accuracy across business.
• Act as command and control across Team to drive operational effectiveness, establishing a core competency for conversions across sectors and regions.
• Drive innovation, transformation and productivity, not only in India but globally across the delivery organization.
• Develop and lead a large team, fostering high performance and creating a destination for top talent.
• Assess impacts of regulatory changes.
• Identify and implement consistent operational best practices.
• Coordinate the implementation of new funds, systems and processes as well as assists with client conversions and other client projects.
• Serve on committees and help define and implement new company initiatives.
• 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.
• Lead by example and hold team accountable to culture traits.
• Work in conjunction with individuals on the team as well as other Shared Service teams/COE’s, outsource locations, Client Operations and other business units to ensure seamless processing according to the fund’s policies, to ensure NAV/yield accuracy and that all SLAs are met.
• During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.
• Drive pays for performance and culture of performance differentiation.
• Taking accountability of end-to-end outcomes as an enterprise, collaborating across functions/business and locations
• Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulation.

Requirements

• Working with the COO and Executive team to explore, create, direct, manage and achieve agreed business objectives, including driving revenue and profit growth.
• Understanding of cost/budgets Lead/drive the same.
• Candidates must have a college degree (accounting degree strongly preferred; business, finance or economics degree required) and 15 or more years of previous accounting and/or financial service operations experience.
• Candidates must possess solid business unit management experience on complex clients requiring a high level of client interaction.
• Knowledge of Fund structures, designs & hierarchies, standalone funds, master-feeder funds, and the role of each entity in the fund structure.
• Knowledge of / experience with fund accounting technology, such as Invest One, Geneva, etc.
• Knowledge of upstream and downstream technology solutions to drive more automation levels in servicing complex fund structures is a plus.
• Ability to lead large teams across multiple locations/+managing teams virtually.
• Strong problem solving and analytical skills.
• Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills.
• Ability to communicate with various internal teams to resolve inquiries and understanding when to escalate.
• Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments and to work efficiently to meet client deliverables.
• Ability to identify and present cross-sell opportunities, excellent influencing skills.
• Ability to lead, influence & drive solutions & outcomes on Client calls.
• Ability to work with cross functional teams and Technology to influence & drive business outcomes.
• Ability to understand costs/budgets and manage too.
• Proficient in the working knowledge of Equity and Fixed Income Securities and derivative products.
• Understanding of operational functions within custody and / or 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 led operations at a global level, across countries & regions.
• 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 operation team.
• Proven track record of achieving/exceeding financial goals through expense discipline and headcount management, experience on investment decisions is desired.

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)