Securities Finance Enhanced Custody Operations Manager, Vice President
- Employer
- State Street Corporation
- Location
- Boston, USA
- Salary
- Competitive
- Posted
- Feb 03, 2023
- Closes
- Mar 01, 2023
- Ref
- 18662924
- Job Function
- Operations
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
Who we are looking for
We are looking for a driven employee with knowledge of the securities lending and borrowing business to oversee the Securities Finance Principal/Enhanced Custody operations team globally. This position will involve cross-organizational and/or strategic initiatives, always ensuring that business as usual (BAU) production and performance meet client expectations, which may encompass data management, rationalization of applications, data governance/quality, process improvement/re-engineering, and technology implementations. This position will be responsible for managing approximately 10+ personnel, and indirectly managing 30+ staff, as the Global Lead for Securities Finance Principal/EC operations. This position will also be placed in a highly visible role of managing the expectations of the front office and executive leadership team, acting as a key leader for achieving risk excellence and growth for the company. It is also expected that this individual will be a mentor and a leader for SSGM operational staff
Why this role is important to us
The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.
Join us if making your mark in capital markets industry from day one is a challenge you are up for.
What you will be responsible for
As Securities Finance Enhanced Custody Operations Manager, Global Markets, Vice President, you will:
What we value
These skills will help you succeed in this role:
Education & Preferred Qualifications
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:
$110,000 - $177,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
We are looking for a driven employee with knowledge of the securities lending and borrowing business to oversee the Securities Finance Principal/Enhanced Custody operations team globally. This position will involve cross-organizational and/or strategic initiatives, always ensuring that business as usual (BAU) production and performance meet client expectations, which may encompass data management, rationalization of applications, data governance/quality, process improvement/re-engineering, and technology implementations. This position will be responsible for managing approximately 10+ personnel, and indirectly managing 30+ staff, as the Global Lead for Securities Finance Principal/EC operations. This position will also be placed in a highly visible role of managing the expectations of the front office and executive leadership team, acting as a key leader for achieving risk excellence and growth for the company. It is also expected that this individual will be a mentor and a leader for SSGM operational staff
Why this role is important to us
The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.
Join us if making your mark in capital markets industry from day one is a challenge you are up for.
What you will be responsible for
As Securities Finance Enhanced Custody Operations Manager, Global Markets, Vice President, you will:
- Drive planning and execution of for all Enhanced Custody initiatives, while executing strategic/tactical goals and milestones with detailed oversight.
- Manage direct and indirect staff, to account for; cost, resources, risk, dependencies, quality, and effective communications. Ensuring overall execution of division initiatives as the subject matter expert (SME) for enhanced custody.
- Oversee Operational processing, controls, appropriate administration, and documentation, are in place to ensure governance for all Enhanced Custody BAU - ensuring any collateral risk is managed appropriately, including self-financing.
- Provide guidance and support to staff as a SME, in order to develop additional SMEs and the managers of the teams.
- Act as the escalation point for issues, working with teams to resolve and/or escalate as needed to remove road blocks, ensuring transparency.
What we value
These skills will help you succeed in this role:
- Accuracy and attention to detail
- Expertise in large, complex projects and program management
- Capability to initiate, plan, execute, monitor, control and close on multiple cross-organizational initiatives, working with individuals and/or teams for success
- Ability to implement new initiatives into manageable solutions, and structure teams accordingly.
- Ability to manage challenging stakeholders diplomatically.
- Ability to lead and influence global cross-functional teams whose priorities may not always align, with an ability to reach a shared understanding of the move-forward direction.
- Exceptional communication skills and relationship management capabilities; able to communicate with all levels
Education & Preferred Qualifications
- Bachelor Degree is preferable
- 10+ years of relevant experience in staff management, including experience in enhanced custody/prime brokerage, enterprise-wide programs
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:
$110,000 - $177,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.