Middle Office, Operations - Assistant Vice President

Alpha Middle Office team

The role of Middle Office in the organization is to handle critical and time sensitive controls, executions and decisions within investment operations. MO teams are responsible for position management, trade confirmation and settlements, corporate action processing, collateral management, cash and position reconciliation. Many teams have direct contact with clients and act on their behalf while interacting with internal and external parties.

Purpose of Role :

Overall ownership - Strategy, Operations mgmt, Change mgmt, Transformation, People mgmt, financials for a functional team. Work at global level with global function heads, as also Hub, Shared Service teams / COE's, JVs, Client Operations and other business units to ensure seamless processing according to the fund's policies, to ensure that all SLAs are met. As well as, Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.

Drive the execution of global as well as India hub specific initiatives at State Street. This role will require the individual to lead a team of qualified professionals, each working in their individual capacity on parallel workstreams, and partner with the different business units and corporate stakeholders within India and across the globe, to carry out operating model changes, process optimization and technology enablement activities, and to drive adequate baselining of metrics and measurement of impact.

Major Responsibilities :

Role specifics

Operations :

Own and Deliver Operating Model development & Execution

Enable all engagement between Delivery teams & client facing teams to improve services

Own Quality of Deliverables - KPIs, KRIs, management of exceptions

Identify and implement consistent operational best practices.

Actively manage executive global stakeholders across Global HUBS, Global Delivery and Global Services

Track accurate and timely completion of activities covered by team including but not limited to

Be responsible for the full post trade and life cycle management of all bilaterally traded OTC derivatives. Receipt of bilateral OTS trades executed on an electronic trading venue or voice traded Trade Confirmation / affirmation of trades and submission to clearing Collateral Management Cash break resolution Lifecycle Management Management for the full cycle management of all cleared OTC Derivatives Receipt of Cleared OTC trades executed on the electronic trading venue of voice traded. Trade Confirmation / affirmation of trades, including clearing status monitoring Pre & Post trade margin management

Drive innovation, transformation and productivity, not only in India but globally across the delivery organization

Promote Risk excellence

Managerial Responsibilities

Lead one or more of the MO functions, manage client experience and operational delivery including change and transformation. The role is based in India and responsible for managing delivery.

Managing new business onboarding and allied responsibilities

Shoulder new business onboarding responsibilities for various MO functions for clients using different technology platforms. This requires through understanding of MO controlled environment, associated risks and safeguards for such risks

Change Management

Partner with the business leads to deliver efficiency and effectiveness of the business processes and operating model.

• Collaborate with business SMEs to ensure execution of the changes at the business operating model and process level
• Act as a liaison between the business and IT to scope out, assess feasibility and drive the digital transformation strategy, to include aspects of automation, AI and ML.
• Conduct baselining of key metrics corresponding to all the changes, by identifying the key parameters to be measured for each implementation and partnering with business to gather adequate data.
• Manage, track and report on the progress of each initiative across functions to drive successful execution
• Assess, identify and mitigate the risk areas for each initiative and actively work on activities to report the risk to appropriate forums, escalate to management where required and drive actions for mitigation
• Coordinate the implementation of new funds, systems and processes as well as assists with client conversions and other client projects.

PERSON SPECIFICATION

Level of Education / Specific Qualifications :

Bachelor's / Master's Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent. Professional qualification like CA, CMA, CPA is a plus

Skills and Experience - interpersonal, numerical, problem-solving, analytical, etc.

This is a key position and requires senior leadership and advanced skills-

Required Competencies - motivation, team skills, ability to work under pressure, etc.

List the top 3 competencies that is required for this role

Client Focus & Consultation - Provide excellent service and build strategic client partnerships based on knowledge of their needs and by exceeding mutual expectations

Manage Execution & Effective Communication - Deliver flawless execution of work products through effective plans, clear priorities and developed process management methods to ensure all resources function at optimal levels

Leverage Talent Globally - Actively commit to developing yourself and others to drive the competitive advantage achieved through a diverse, engaged and mobile workforce while understanding different perspectives and cultures to align management practices to fulfill business strategy

Ability and willingness to support middle office operations for clients / markets spread across different global regions.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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