Fund Accounting - Quality Risk Controls, Managing Director

State Street•Kansas City, MO

1d•$170,000 - $252,500•Onsite

About The Position

The Managing Director will define and lead a program to proactively review the end-to-end processes and controls for a strategic State Street client. The role focuses on identifying ways to reduce risk, improve quality and automation, and ensure the operating model is fit for purpose. The position owns program governance, including review schedules, completeness of reviews, and oversight of resulting action plans. It leads client engagements and demonstrates the value of reviews in the context of end-to-end processes involving the client and third parties. This is a senior operational and managerial role with significant client and control responsibilities. The Managing Director is the primary escalation point for risk events and quality defects affecting the client, and is expected to lead hands-on efforts to improve outcomes. The role assesses Fund Accounting and back-office operational and technology controls, with particular emphasis on activities that have the greatest impact on fund Net Asset Value. It also leads workshops and review sessions, assesses processes against market standards, coordinates with global teams and functional leaders, and develops the wider team. The position is based in an existing State Street location, with office attendance according to existing working structures. Business travel may be required. The stated annual salary range is $170,000–$252,500 for the primary location; the range may differ if the employee works elsewhere. Employees are eligible for State Street’s benefits program, including retirement savings, insurance coverage, paid time off, employee assistance, incentive compensation, and certain tax-advantaged savings plans.

Requirements

Financial services experience, currently in a leadership role engaging senior leaders throughout the organization.
Experience navigating a large, global organization, building meaningful relationships, and developing an effective network.
Ability to work successfully in a functionalized, matrixed environment, manage multiple stakeholders, prioritize organizational needs, and resolve competing directives.
Ability to work with global teams to understand planned change events and evaluate their impact on related processes.
Ability to organize and analyze large, disparate data sets to identify trends, emerging risks, and enhancement opportunities.
Proven leadership skills, including managing and developing a high-performing operations team.
Experience driving global management programs in sponsorship and leadership roles, with the ability to execute under challenging circumstances and deliver targeted outcomes.
Ability to manage, coach, and influence colleagues and virtual team members.
Cross-cultural awareness and ability to collaborate with colleagues globally and work effectively with people from varied backgrounds.
Willingness to travel for business when required.
Deep and extensive experience in risk, quality, governance, and controls.
Asset management experience, including investment operations, fund accounting, and portfolio valuation.
Strong client-outcome focus, problem-solving, cooperation, and communication skills.
Client-centric approach to managing, prioritizing, and delivering operations and services.
Collaborative leadership and work style.
Strong critical-thinking, problem-solving, and decision-making skills.
Strong communication and presentation skills for audiences of different sizes and seniority levels, including C-suite.
Self-motivation, adaptability, initiative, and the ability to work under pressure.

Responsibilities

Continuously assess the effectiveness of the client’s operating model, focusing on Fund Accounting and back-office operational and technology controls, especially activities with the greatest impact on fund Net Asset Value.
Identify, recommend, and implement approved control enhancements.
Perform root-cause assessments and trend analysis, and monitor remedial actions for persistent or recurring issues.
Deploy a distributed model embedding the role’s protocols across global functions.
Project-manage operational risk mitigation initiatives as needed.
Define the schedule of risk reviews and coordinate engagement with the client and operational teams.
Demonstrate the impact and effectiveness of the Quality Control function.
Manage workshops and review sessions to analyze end-to-end process and control-framework effectiveness.
Be directly accountable for work production, deliverables, and client sentiment associated with the function.
Evaluate processes against market standards and benchmarks to identify opportunities and assess suitability.
Participate in the Fund Accounting Management Team and align review outcomes with global functional leads.
Ensure teams comply with internal and external regulations and follow escalation procedures.
Develop the wider team by providing guidance, support, and opportunities.
Own program governance, including review schedules, review completeness, and governance of subsequent action plans.
Lead the client engagement, including communicating the value of each review and alignment with end-to-end processes involving the client and third parties.
Build effective relationships and communication with client stakeholders, business operations teams, and IT.
Serve as the primary escalation point for risk events and quality defects affecting the client.

Benefits

Retirement savings plan (401(k)) with company match.
Insurance coverage including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family-care responsibilities.
Access to an Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, subject to stated exclusions.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.