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State Street

Holds assets for institutions and runs index funds

Custody Management Services

Business OperationsPosted on Nov 10
Full-timeKilkenny, IrelandNo salary listedIn-person

About the Job

Requirements

  • A proven track record of managing large projects and client relationships in the custody area.
  • Organisation, execution-orientation, and experience as a seasoned manager with a strong risk-management ethic.
  • Sound knowledge of custody operations, including settlements and payments.
  • Ability to influence beyond the direct managerial span of control and work in a highly matrixed environment.
  • Sound understanding of operational and legal-entity perspectives.
  • Clear decision-making and action-orientation.
  • Ability to take ownership and drive cross-functional collaboration.
  • Leadership and communication skills.
  • A proven track record of working with large, complex clients and establishing strong partnerships at all levels.
  • Client skills and ability to engage at all levels.
  • Previous experience in the banking and investment-fund business.
  • Strong understanding of operational processes across all aspects of global custody.

Responsibilities

  • Oversee and manage a large project involving a full legal-entity transition.
  • Oversee and manage multiple clients in accordance with agreed service levels, key performance indicators, and service-level agreement provisions.
  • Lead and manage a consistent review of services and tools.
  • Operate strategically and engage with global and regional organizational stakeholders in delivering the custody transition.
  • Support the delegation and outsourcing oversight model to ensure functional activities are conducted effectively.
  • Drive change in line with overall divisional objectives.
  • Ensure the business unit operates in compliance with internal and external regulations and follows escalation procedures.
  • Ensure procedures, systems, and controls are regularly reviewed and aligned with the unit's risk profile.
  • Support the planning and management of daily processes to use resources effectively, with support from the reporting manager.
  • Manage a large team.
  • Demonstrate the Risk Excellence culture and ensure that the Code of Conduct is upheld in own and staff behaviour.
  • Ensure the team understands reporting lines, authority levels, scope of responsibilities, objectives, and training and competency requirements.
  • Develop effective working relationships and communication with staff, and ensure staff are motivated, developed, and supported.
  • Establish and monitor an effective delegation framework so tasks are performed by staff with appropriate capacity and authority based on their knowledge, skills, and competence.
  • Support and monitor an effective oversight framework to ensure issues are identified, escalated, and resolved appropriately.
  • Establish and nurture a culture of individual ownership and accountability among staff.

About the Company

State Street

Holds assets for institutions and runs index funds

State Street holds and services investments for pension funds, insurers, fund companies, and other large institutions, and it also runs index funds through State Street Investment Management. It launched the first US-listed exchange-traded fund, the SPDR S&P 500 ETF Trust, in 1993, and in 1924 it became custodian of the first US mutual fund. As a custody bank, it safekeeps clients' stocks and bonds, completes their trades, calculates what their funds are worth, and lends their securities to other investors. It earns fees on the assets it services and manages, plus income from currency trading and from interest on client cash. State Street traces its roots to a bank chartered in 1792 and is based in Boston, Massachusetts.

Company size
10,001+
Company stage
IPO
Headquarters
Boston, MA
Founded
1792

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