Full-Time

Alpha Conversion Executive

Vice President

Posted on 11/28/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Consulting
Financial Services

Senior

Company Historically Provides H1B Sponsorship

London, UK

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
SQL
Word/Pages/Docs
JIRA
Excel/Numbers/Sheets
Requirements
  • Bachelor’s Degree in Finance, Accounting, Business Administration/Management or related field; plus
  • 10 years of relevant financial industry experience
  • Master’s Degree in Finance, Accounting, Business Administration/Management or related field; plus
  • 3 years of relevant pre- or post-Master’s financial industry experience
  • Demonstrated high Level knowledge or experience in Capital markets including Middle Office, Securities, Bank Loans, IBOR / ABOR, Transaction Mgmt or system knowledge of RKS, CRIMS, Eagle, Eagle Star, PAM, Portia, WSO or other is expected;
  • Demonstrated excellent Communication Skills with ability to effectively run meetings and collaborate across teams and functions;
  • Demonstrated high level of skill in team management, employee development and mentoring
  • Proven ability to work in a high paced environment, be flexible, follow tight deadlines, organize, and prioritize work;
  • Working knowledge of data quality measures across referential, completeness, tolerance, index and business driven data qualitative and quantitative measures
  • Solid ability to proactively identify potential issues and drive resolution;
  • Experience owning initiatives / projects related to Middle Office Client Onboarding;
  • Proven intermediate Microsoft Word, Excel, Visio, PowerPoint, SharePoint and Access skills, as well as Microsoft Project, JIRA or other project management software experience; and
  • Solid understanding of Data Warehouses and Databases including SQL.
Responsibilities
  • Individual will lead and coordinate Alpha E2E and middle office conversion activities.
  • This will range from cost estimation, scoping requirements and engaging with client to facilitating data extract set up process, organizing and leading conversion events (dry run, dress rehearsal, go live) and ensuring a smooth transition to BAU working across the different business units.
  • The individual will be expected to coordinate the activities of those involved in the conversion which could be up to 10-15 individuals located in different time zones.
  • Coordinates and drives the deliverables of conversion planning and testing in order to meet the milestones;
  • Creates data maps to show the flow from legacy systems to the in-house system using existing functionality and processes;
  • Drives the data conversion development lifecycle and methodology including requirements analysis, solution design, client acceptance, timeline creation, implementation, unit testing, deployment tools, and maintenance;
  • Leads issue resolution and gap closure in terms of data provided or discrepancies in data between legacy presentation and the future state model based on the feedback provided;
  • Heads all conversion events which includes some weekend activity and off hours;
  • Serves as client facing lead for all conversation related activity with client and internal business units; and
  • Serves as a subject matter expert speaking to details as required while managing multiple processes.
  • Weekend work required occasionally.
  • Lead a global conversion team responsible for executing on implementation activities.
  • Occasional travel required for client or global team onsite visits.

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, and utilizes its global network and expertise to deliver customized financial solutions. State Street generates revenue from management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Additionally, it is recognized for its commitment to innovation and leadership, particularly in promoting gender diversity and inclusion within the workplace. The goal of State Street is to provide high-quality financial services while fostering an inclusive environment for its employees.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

N/A

Growth & Insights
Headcount

6 month growth

-10%

1 year growth

-10%

2 year growth

-10%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street's strategic acquisitions, such as stakes in BWP Trust and Australian Clinical Labs, indicate robust growth and expansion opportunities.
  • The company's exploration of blockchain-based payment solutions, including stablecoin and token launches, positions it at the forefront of financial technology innovation.
  • State Street's strong leadership team, with recent high-profile appointments, underscores its commitment to maintaining a competitive edge in the industry.

What critics are saying

  • The competitive nature of the financial services industry requires State Street to continuously innovate to maintain its market position.
  • Regulatory challenges and compliance issues, especially with new ventures like stablecoin and token launches, could pose significant risks.

What makes State Street unique

  • State Street's focus on institutional investors, including mutual funds and pension funds, sets it apart from competitors who may target a broader audience.
  • The company's commitment to innovation, such as exploring stablecoin and token launches, demonstrates its forward-thinking approach in the financial services industry.
  • State Street's emphasis on diversity and inclusion, highlighted by initiatives like WomenInFinance, distinguishes it as a leader in fostering a supportive and inclusive workplace.

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