Fund Accounting - Assistant Vice President Fund Accounting - Assistant Vice President …

State Street Corporation
in Hyderabad, Andhra Pradesh, India
Permanent, Full time
Be the first to apply
Competitive
State Street Corporation
in Hyderabad, Andhra Pradesh, India
Permanent, Full time
Be the first to apply
Competitive
State Street Corporation
Fund Accounting - Assistant Vice President
Purpose of the Job (list the primary job duties and responsibilities)
  • The main function of the role is: Account for the day-to-day management of a functional/oversight team(s) and manage daily service delivery and production activities performed by staff. 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. As well as, Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.


Roles and Responsibilities (list the primary job duties and responsibilities)
  • Act as the primary contact and key escalation point for operational issues, as well as provide technical expertise to resolve daily problems.
  • Manage and escalate issues related to BU Shared Services and COE's.
  • Manage departments overtime budget effectively, indirectly responsible for other department budget matters.
  • Ensure appropriate records of daily and monthly activities are kept.
  • Assist with compliance/fiduciary reviews, controls, and audits as needed.
  • Establish and maintain files, including highly confidential and sensitive information, which pertains to clients and division/corporate operations, as well as short/long-term strategies, budgets, etc.
  • Assess impacts of regulatory changes.
  • Identify and implement consistent operational best practices.
  • Organize Shared Service internal meetings and compiles related documentation, assisting with the coordination and development of the agenda and may attend meetings to record notes and action items.
  • Coordinate the implementation of new funds, systems and processes as well as assists with client conversions and other client projects.
  • Train, develop and motivate new staff, as well as complete performance appraisals.
  • Provide staffing recommendations by interviewing new personnel and making effective hiring decisions.
  • Serve on committees and help define and implement new company initiatives.
  • Provide coaching and development opportunities to staff, participate in individual on-going training and development.
  • Has accountability and responsibility for completing and delivering PPRs on time.
  • Make effective recommendations to hire, discipline, control work and terminate employment.
  • Make effective recommendations for promotions, salary increases and bonuses.
  • 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.
  • Perform other duties as assigned.
Education Requirements:

  • Bachelor's Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent experience preferred

Experience Requirements:
  • At least 5+ years of related Custody and/or Fund Accounting experience, part of which must have been in a management or supervisory capacity. (Overall experience of 12+ years)
  • Knowledge of securities language and legal requirements.
  • Good interpersonal, organizational and management skills.
  • Solid understanding of operational functions within Custody and/or Fund Accounting. Ability to provide technical expertise to resolve daily problems.
  • Demonstrated computer proficiency and working knowledge of various software applications.
  • Ability to develop and enhance client relationships.

Company Overview

From technology and product innovation to corporate responsibility and community development, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.

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