Reconciliation, Managing Director

The Global Delivery Reconciliation team is dedicated to managing the firms risk via review and remediation of KRI exceptions. managing/eliminating risk by creating, measuring, monitoring and remediation KRI exceptions. Team create daily, weekly, and monthly reports identifying key exceptions and remediation assessments and conducts process and service reviews to identify barriers to performance excellence. Team works with the respective functional units to develop custom improvement plans which enhance service levels and eliminate operational and technical barriers. Who we are looking for We are looking for an experienced professional who has the ability to execute and deliver results. An important component of the work we do is collaborating with others to drive progress. Candidate must have ability to speak up and demonstrate professional challenge and debate to drive toward the best outcome for the firm. Why this role is important to us The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. 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 Reconciliation, Managing Director, you will: Review and assess the operating model, ensuring proper management and workflow from our 3rd party business partner. Drive operational solutions for Reconciliations to mitigate risk and improve performance Identify and understand the root cause of issues and facilitate action plans to enhance the overall client experience Lead improvement efforts and support critical remediation efforts across Red. Identify gaps in existing procedures or controls, and make recommendations and assist in implementation of improvement Reinforce proper procedures, standardization and drive accountability across the teams lients across various reconciliation areas (cash, positions, past due income, tax reclaim, prime broker, pends, bank loan, derivatives, etc.), Conduct meaningful data analysis to inform leadership on trends on root causes and strategic remediation plans Build and monitor remediation plans to ensure accountability within Delivery Drive end to end automated solutions for Recon by liaising with IT and technical partners What we value These skills will help you succeed in this role Strong ability to create the future Strong ability to lead others Committed sense of urgency, accountability and teamwork Ability to efficiently multi-task and work under high pressure deadlines Independent decision making and strong problem-solving skills Ability to effectively communicate with all levels of management Education & Preferred Qualifications 20 years in operations/back office servicing (strong knowledge in investments and reconciliations) Strong technology knowledge and understanding, especially with TLM and EZOPS Strong business analysis and project management Experience working with reconciliations for large global custodians across multiple locations and time zones Strong collaboration and relationship management skills 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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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 COVID-19 Protocols: Complying with State Street’s COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc.