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Valuations Manager, Assistant Vice President

State Street Corporation
London, United Kingdom
Closing date
Jun 2, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
The primary function of the Valuations Team is to support State Street's valuation activities by ensuring all Funds are valued, reviewed and validated within the required deadlines, in accordance with regulatory requirements and the Valuations and Unit Pricing Framework. To support State Street's growth and internationalization strategies, the Valuations Team will need to evolve as a centre of excellence, delivering outstanding value, contributing to the development of innovative solutions, implementation of new processes and strategies designed to increase the effectiveness and efficiency of service delivery, against clients varying investment objectives and demands.

The role of the Valuations Manager is to drive the strategic vision into an effective operating model, ensuring the infrastructure in Investment Operations provides effect support for the growth of the global markets business. This is a high profile position with a strong focus on development of the team and function. Role combines high levels of technical expertise with substantial line management accountability, and ultimate accountability for a substantial part of the operational process.

Why this role is important to us
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS' tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for
As a Valuations Manager you will

  • Drive and proactively manage the Valuations Team and Function Company wide.
  • Contribute to the development of the global operations strategy, deploy and embed the strategy as necessary through direct reports/staff.
  • Evolve the team structure and service provision to support a global operating model.
  • Ensure the system infrastructure supports the global business strategy and enables an efficient and secure operational service delivery in compliance with all internal and regulatory requirements.
  • Deliver outstanding value by leading transformational activities and developing innovative solutions and strategies designed to increase productivity with own and across other departments, internally and externally, using effective communication and leadership.
  • Constantly challenge the established methods and look to drive new ideas through the buy in and enthusiasm from your team.
  • Continuous review of team procedures, policies, systems and issues. Oversee the implementation of agreed changes.
  • Work closely with senior manager/peers fostering credibility and influence towards developing a reputation of operational excellence across the firm.
  • Ensure superlative service levels are maintained to both internal and external parties.
  • Ensure key stakeholders are receiving a service which meets their expectations.
  • Co-ordination and production of management information. Ability to handle and interpret data to enhance the decision marking process, through effective use of IT where appropriate.
  • Draw on industry initiatives to improve State Street's processes.
  • Responsible for sharing market information to relevant internal departments. Identify issues/changes which impact teams across Global Operations, initiating projects/working parties where applicable.
  • Influence service providers to continuously raise service standards in order to meet our expectations.
  • Manage short to medium term resource and succession plans for the department; and equip Supervisors with sufficient knowledge to effectively recruit and develop team members when required.
  • Recruit, manage, train and motivate team members on a cost effective basis, seeking continuous improvement in both quality standards and productivity.
  • Ensure team proficiency by means of pro-active and robust staff performance. Proactively identify training and development needs of staff/team which provide a focus for delivery in line with strategy/organisational requirements. Setting and cascading strategic business and departmental objectives to Supervisors to enable them to set realistic business-focused team targets.
  • Maintain technical capability for job, keeping abreast of market and industry developments.
  • Reporting weekly and monthly department progress to manager with an action plan for proposed resolution when targets are not being achieved.
  • Robust sponsorship of projects/initiatives. Provide leadership and planning for the future infrastructure, proposing new directions and technologies, driving analysis of said technologies to determine feasibility of adoption.
  • Lead disaster recovery efforts from an infrastructure standpoint, ensuring redundancy of key hardware and data to mitigate major business losses in the event of a disaster.

What we value
These skills will help you succeed in this role
  • A self-starter, collaborative approach to work and willingness to hold self and others to account
  • Risk and issue ownership; working with enthusiasm and urgency
  • Ability to prioritise effectively and work to tight deadlines
  • Highly numerate/ mathematical demonstrating good analytical skills
  • Ability to influence change in a positive manner.
  • Excellent interpersonal and communication skills with the ability to relay information clearly and concisely in both written and verbal communications.
  • Flexible and adaptable; able to work in ambiguous situations.

Education & Preferred Qualifications

  • Thorough understanding and in depth experience of all aspects of Investment Management.
  • Demonstrable excellent leadership and people management skills. Ability to inspire, lead and engage with people at all levels to bring about change.
  • Demonstrable background in the delivery of change.
  • Proven track record of dealing with and influencing across an organisation and at all levels of management.
  • Strategic and focused approach to delivery and continuous improvement.
  • Collaborative and personalised approach to service commitment.
  • Confident liaising across, Front Office, Global Operations environments.
  • Evidence of effective working relationships with internal and external stakeholders.
  • Flexible, adaptable and able to multi-task in a fast paced and changeable environment.
  • Ability to grasp issues, find creative and innovative solutions to problems.
  • Proven experience successfully managing multiple projects and producing quality deliverables on time and within budget.
  • Ability to successfully debate and subsequently influence internally & externally
  • Excellent in communication skills are essential in order to optimise cohesiveness and efficiency with the department.
  • Good analytical and written skills
  • Ability to present to senior management.

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.
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