Vice President - Alpha Middle Office

State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $38.80 trillion in assets under custody and administration and $3.50 trillion in assets under management as of September 30, 2020, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com .

Business Line Information Alpha Middle Office team - Aladdin
The role of Middle Office in the organization is to handle critical and time sensitive controls, executions and decisions within investment operations. MO teams are responsible for position management, trade confirmation and settlements, corporate action processing, collateral management, cash and position reconciliation. Many teams have direct contact with clients and act on their behalf while interacting with internal and external parties.
Purpose of Role:
(Summaries the job’s intent and why it exists, in one or two sentences)
Confirm department/teams the role will interact with on a day to day basis
Overall ownership – Strategy, Operations Management, Change Management, Transformation, People Management, financials for a functional team. Work at global level with global function heads, Hub, Shared Service teams/COE’s, JVs, Client Operations and other business units to ensure seamless processing according to the clients fund policies, to ensure that all SLAs are met. Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.
Drive the execution of global as well as India hub specific initiatives at State Street. This role will require the individual to lead a team of qualified professionals, each working in their individual capacity on parallel workstreams, and partner with the different business units and corporate stakeholders within India and across the globe, to carry out operating model changes, process optimization and technology enablement activities, and to drive adequate baselining of metrics and measurement of impact.
Major Responsibilities:
(Identify 5-8 major responsibilities performed by the job. Include the approximate percentage of time performing each responsibility during a typical week/month. If the percentage of time performing a function is less than 5%, that function should not be listed)

Role specifics
Managerial Responsibilities
Lead one or more of the MO functions, manage client experience and operational delivery including change and transformation. The role is based in India and responsible for managing delivery.

Managing new business onboarding and allied responsibilities
Shoulder new business onboarding responsibilities for various MO functions for clients using different technology platforms. This requires through understanding of MO controlled environment, associated risks and safeguards for such risks

Operations:
Own and Deliver Operating Model development & Execution
Enable all engagement between Delivery teams & client facing teams to improve services
Own Quality of Deliverables – KPIs, KRIs, management of exceptions
Identify and implement consistent operational best practices.
Actively manage executive global stakeholders across Global HUBS, Global Delivery and Global Services
Drive innovation, transformation and productivity, not only in India but globally across the delivery organization
Promote Risk excellence