Alternative Ops Fund Accounting
State Street
Alternative Ops Fund Accounting
State Street
Holds assets for institutions and runs index funds
Who we are looking for
We are seeking an experienced Vice President to lead our Private Markets Operations team. The team delivers high-quality, scalable administration, valuation, accounting and performance services to AO and AM clients across global markets.
The successful candidate will bring strong people leadership, operational and risk judgment, client management and transformation capabilities. You will lead a large, multi-layer operations organization. You will also partner closely with global Product, Client Service, Technology and Operations teams to strengthen service delivery, drive transformation and build a sustainable future operating model.
Why This Role Is Important to Us
Our institutional clients depend on us for accurate, timely and transparent data across their private equity, private credit, real estate and infrastructure portfolios. This data feeds accounting, custody, performance, risk and client reporting, so its accuracy directly affects client decisions and trust. In this role, you will balance operational excellence day to day with long-term transformation.
Key Responsabilities
Operations & Client Leadership
Provide overall leadership and governance for private markets service delivery across multiple regions and service models. This includes document management, cash flow processing, valuation, commitment monitoring, look-through and performance reporting.
Ensure consistent delivery against client SLAs, KPIs, risk and quality standards.
Act as a senior escalation point for complex client and operational matters.
Partner with Client Service and global stakeholders to resolve cross-functional issues and set clear accountability.
Risk & Governance
Maintain a strong operational risk and control environment, including procedures, reconciliations, exception management and root-cause remediation.
Oversee service issues, incidents, controls, operational resilience, audit and compliance.
Ensure transformation and operating-model changes keep appropriate controls and clearly defined ownership.
Transformation & Operating Model
Lead strategic transformation initiatives, including process redesign, automation, system migrations and operating-model changes.
Drive standardization, automation and scalable solutions while balancing client needs, operational risk and efficiency.
New Business & Growth
Provide operational leadership for new client onboarding, due diligence, RFPs, client transitions and significant service expansions.
Partner with Product, Client Service, Technology and Transition teams to deliver effective implementation and stabilization after go-live.
Support the development of scalable service models aligned with long-term business growth.
People & Organizational Leadership
Lead and develop a multi-layer management organization, including AVPs and team leads, and build a strong leadership and succession pipeline.
Build capabilities across private markets operations, data, technology, transformation and risk.
Foster a culture of accountability, collaboration, continuous improvement and constructive challenge.
Qualifications & Experience Required
Bachelor's degree or above in Finance, Accounting, Economics, Business or a related discipline.
12+ years of relevant financial services experience, preferably in asset servicing, investment operations or fund administration.
5+ years of senior people-management experience, including leading managers and large operational teams.
Strong understanding of operational risk, controls, governance and service management.
Demonstrated experience in transformation, technology implementation, migration or operating-model redesign.
Proven ability to manage senior clients and global stakeholders across functions and regions.
Excellent communication, influencing, problem-solving and decision-making skills.
Fluent in English and Mandarin.
Preferred
Knowledge of private equity, private credit, infrastructure, real assets and other alternative investments.
Experience supporting institutional investors such as pension funds, sovereign wealth funds or other large institutional investors.
Professional qualifications such as CFA, CAIA, CPA or ACCA are preferred but not required.
The successful candidate will:
Think enterprise-wide and take ownership beyond organizational boundaries.
Create clarity and accountability in complex or ambiguous situations.
Balance client needs, operational risk, cost and scalability.
Influence Product, Technology and senior stakeholders through strong operational judgment.
Build leaders and sustainable organizational capabilities.
Stay close enough to operations to spot emerging risks, while focusing leadership attention on structural solutions and long-term outcomes.
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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Read our CEO Statement
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.
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