Head of Fund Accounting Asset Managers (AM’s) (North America), Managing Director

State Street•Boston, MA

22d

About The Position

North America Head of Fund Accounting, AM’s is a key leadership position within the Global Fund Accounting Team in Global Delivery. North America Head of Fund Accounting, AM’s is responsible for organization, management and delivery of the entire suite of accounting services to asset manager clients in North America. The accounting team is responsible for delivering core services to State Street end customers. The North America Head of Fund Accounting, AM’s function is directly accountable for positive and consistent service delivery and client outcomes. This role requires significant leadership across North America. Reporting to the North America Head of Fund Accounting and ensuring services are meeting or exceeding State Street Standards globally. The North America Head of Fund Accounting, AM’s is responsible for leading and developing a team in North America people focused on the following core activities: Multi-jurisdictional accounting including daily share class net asset value calculation Maintaining client books and records in accordance with agreed accounting standards This role will involve active engagement and oversight of the asset manager funds India services delivered to the North America clients. As a North America Head of Fund Accounting, AM’s, Managing Director you will ensure Accounting activities are performed, and services are delivered to clients in accordance with all contractual and client service level agreements. Focus on client outcomes, problem solving, cooperating and communicating with rest of organization to achieve shared success High standards of accuracy and timeliness, delivering services in an efficient and controlled manner with a continuous focus on improving quality and productivity. Ensure timeliness and accuracy of NAV calculations. Does not include AIS accounting services. Operating policies, procedures and controls are documented, adhered to and are compliant with relevant SOC/ISAE controls and regulatory requirements. Key metrics, performance and risk indicators are in place to track volumes, manage growth, service delivery quality, cost, productivity, efficiency and risk. Identify and develop opportunities for transformation and capacity creation. Drive productivity and operational effectiveness Financial performance to operating plan, forecasts are accurate, headcount and expenses are actively managed and agreed efficiency targets are achieved Fund Accounting are appropriately represented, prepare for and actively participate at client meetings, presentations and due diligence reviews. Business continuity planning and execution. Development of a scalable, robust operating model that delivers resiliency. Strategic interactions with key stakeholders and partners to ensure continued operations. Develop and lead a large team, fostering high performance and creating a destination for top talent. Develop effective modes of communication, delegation, talent development, employee engagement, and succession planning. Control, risk, compliance/ethics and internal audit reviews or inspections are fully supported and there are no open or overdue actions for accounting.

Requirements

A proven track record at a senior global level in asset servicing or asset management.
Over 15 years' leadership experience within operations and or technology
Navigate a large, global organization.
Build meaningful relationships and develop an effective network
Able to process feedback and develop meaningful actions to resolve identified challenges along reasonable timescales
Solid technical knowledge of accounting and fund services.
Deep experience interfacing at a senior level with clients across product segments, market trends, third party managers and regulators
Proven leadership skills as well as managing and developing a high performing operations team
Exceptional communication and relationship management skills, with an ability to think strategically, manage complexity, significant change and multiple key priorities.
Excellent time management, presentation skills and communication to multiple levels (clients, other 3rd parties, executives, peers, subordinates).
Flexibility across multiple communication formats
Proven track record of achieving/exceeding financial goals through expense discipline and headcount management
Cross-cultural awareness and the ability to connect with colleagues globally in a collaborative, open work environment.
To serve as a role model of acceptance and flexibility in dealing with colleagues with varying backgrounds.
Willingness for regular business travel
15 years + experience in financial services, presently in a leadership role managing large operations
Technical knowledge of fund accounting activities and associated regulations
Experience interfacing at a senior level with Clients, service providers and Regulators

Responsibilities

Ensure Accounting activities are performed, and services are delivered to clients in accordance with all contractual and client service level agreements.
Focus on client outcomes, problem solving, cooperating and communicating with rest of organization to achieve shared success
High standards of accuracy and timeliness, delivering services in an efficient and controlled manner with a continuous focus on improving quality and productivity.
Ensure timeliness and accuracy of NAV calculations.
Operating policies, procedures and controls are documented, adhered to and are compliant with relevant SOC/ISAE controls and regulatory requirements.
Key metrics, performance and risk indicators are in place to track volumes, manage growth, service delivery quality, cost, productivity, efficiency and risk.
Identify and develop opportunities for transformation and capacity creation.
Drive productivity and operational effectiveness
Financial performance to operating plan, forecasts are accurate, headcount and expenses are actively managed and agreed efficiency targets are achieved
Fund Accounting are appropriately represented, prepare for and actively participate at client meetings, presentations and due diligence reviews.
Business continuity planning and execution.
Development of a scalable, robust operating model that delivers resiliency.
Strategic interactions with key stakeholders and partners to ensure continued operations.
Develop and lead a large team, fostering high performance and creating a destination for top talent.
Develop effective modes of communication, delegation, talent development, employee engagement, and succession planning.
Control, risk, compliance/ethics and internal audit reviews or inspections are fully supported and there are no open or overdue actions for accounting.

Benefits

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

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