Full-Time

Operational Readiness Lead

VP, Front-Office / Middle-Office Trading

Posted on 9/20/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$125k - $207.5kAnnually

Senior

Company Historically Provides H1B Sponsorship

Berwyn, PA, USA

Category
Procurement & Sourcing
Supply Chain Management
Operations & Logistics
Required Skills
Management
SQL
Word/Pages/Docs
JIRA
PowerPoint/Keynote/Slides
Requirements
  • 10+ years of relevant Financial Industry Experience required, preferably Investment Management, Asset Management
  • Experience in implementation of large client onboardings with complex architecture, multiple teams and functionalities.
  • Experience in Migration of data into Front office and middle office systems.
  • Experience working across teams using Jira and Confluence
  • Intermediate to advanced Microsoft Word, Excel, Visio, PowerPoint, SharePoint and Access skills, as well as Microsoft Project or other project management software experience
  • Solid understanding of Data Warehouses and Databases including SQL
  • High Level knowledge or experience in Capital markets including Middle & Back Office, Securities, Bank Loans, IBOR / ABOR, Transaction Management
  • Experience owning initiatives / projects related to Middle & Back Office Client On boarding
Responsibilities
  • Serve as client facing lead for all operational readiness related activity with client and internal business units
  • Manage staff and lead virtual teams to achieve and execute on stated priorities and goals
  • Coordinate and drive the operational readiness framework ensuring people, processes, and technology across all stakeholders are ready for Day 1 of Go-Live
  • Oversight of third-party reach-out activities (on-boarding of external parties such as custodians, brokers, transfer agents, and clearers) to establish third party connections and obtain data required for relevant workstreams to ensure readiness
  • Serves as an SME speaking to details as required while managing multiple processes
  • Coordinate & Lead Ops Readiness events like Day in the Life and Production Parallel that lead up to the Go-Live event including the warranty period post conversion (defining governance structure, issue management, scope, entry & exit criteria)
  • Work as a member of a global team – provide status, communicate issues, share ideas, and follow process for analysis, development and support protocols
  • Ensure program activities adhere to legal guidelines and internal policies. Apply change, risk and resource management principles when needed.
  • Partner with all relevant corporate functions, businesses and stakeholder to ensure effectiveness of the activities and expectations management.
  • Raise risks and issues effectively within the program, drive solutions and effectively communicate options.
  • Review completed conversions for lessons learnt to apply to future implementations for process improvement

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 leadership and diversity, promoting a culture that supports employee growth and inclusion.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1792

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street benefits from the growing demand for ESG-integrated investment strategies.
  • The rise of digital assets offers new growth opportunities for State Street's custody services.
  • Expansion in passive investing and ETFs provides market share opportunities for State Street.

What critics are saying

  • Increased competition from firms like BlackRock and Vanguard may impact State Street's growth.
  • Geopolitical tensions in expansion regions could affect State Street's operations and profitability.
  • The rise of fintech companies poses a threat to State Street's traditional business model.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to diversity and inclusion in its operations and leadership.
  • State Street leverages advanced technologies for data analytics and investment management.

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