Managing Director- Middle Office

1 month ago

Bangalore, India State Street Full time

Who we are looking for:

In this role, you will work with State Street teams from around the globe to lead multiple teams supporting some of State Streetâs key clients. You will have leadership and strategy responsibility to oversee and deliver all day-to-day responsibilities of your teams 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.

Why this role is important to us:

This is a senior operational and managerial position with significant run the bank/change the bank responsibility within Middle Office Services. In addition to operational and team responsibilities, this role is client facing with senior client leadership, and acts as a primary escalation point for all internal/external clients. The candidate is should be a hands on leader who is required to ensure the teams under their responsibility undertake delivery to both internal and external clients, ensure timely response to client initiated queries, and escalation of any unresolve matters to manager for best resolution solution.

What you will be responsible for

you will

  • Report to the India COO and ensuring middle office services are meeting or exceeding State Street Standards globally.
  • Ensure timeliness and accuracy across all Product functions including but not limited to Alpha services or Middle Office
  • Directly accountable for the production of work, deliverables and resulting client sentiment undertaken by State Street India
  • Work within the India Middle Office leadership team, aligning to the global heads to develop, monitor and action the business plan and budgets for those business activities performed at State Street India in line with corporate and division goals.
  • Ensure that the business has the right resources, including staff, training, oversight and control functions, IT and financial, to operate effectively.
  • Ensure teams are in compliance with internal and external regulations and follow escalation procedures.
  • Ensure that all procedures are reviewed regularly, and that proposed changes are vetted with the global heads prior to implementation in order to maintain global alignment.
  • Conduct periodic business reviews ensuring associated risks are identified and managed and remedial action is taken where appropriate. Ensure that appropriate management information is produced and reviewed at regular intervals.
  • Communicate effectively on issues / problems to the Client and to SSC management and ensure a proper and timely follow-up to ensure resolution.
  • Develop members of your leadership team, providing relevant guidance, support and opportunities

What we value

These skills will help you succeed in this role:

  • Deep and extensive asset management experience, including investment operations, fund accounting and portfolio valuation.
  • Focus on client outcomes, problem solving, cooperating and communicating with rest of organization to achieve shared success.
  • Maintain the highest standards of conduct and integrity within the business.
  • Support a culture of effective challenge to ensure appropriate governance, and one that supports the core values of State Street
  • Collaborative leadership and work style
  • Strong critical thinking, problem solving, and decision-making skills.
  • Client centric attitude in managing, prioritizing and delivering operations and services.
  • Strong communication and presentation skills to audiences of different sizes and levels of seniority including c-suite.
  • Must be self-motivated, adaptable and show initiative in different circumstances and under pressure.

Education & Preferred Qualifications

  • 18 years + experience in financial services, presently in a leadership role managing large Investment Management operations.
  • Navigate a large, global organization. Build meaningful relationships and develop an effective network.
  • Work successfully in a matrixed environment. Effectively manage multiple stakeholders, determine highest priorities for the organization, identify and resolve contention between directives.
  • 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 with change management programs in sponsorship, leadership roles. Demonstrated ability to execute under challenging circumstances and deliver targeted outcomes.
  • Demonstrated ability to manage, coach and influence colleagues and virtual team members. 
  • Cross-cultural awareness and the ability to connect with colleagues globally in a collaborative, open work environment. To serve as a role model of acceptance and flexibility in dealing with colleagues with varying backgrounds.
  • Willingness for business travel where required.

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