Fund Order Services, VP

Who we are looking for

• This managerial position is within the Fund Order Services Global Delivery (GD) Business unit located in Hangzhou servicing clients in APAC with primary functions being Order routing, unlisted asset valuation in accounting.

What you will be responsible for

• The main function of the role is: Account for the day-to-day management of a functional/oversight team(s) and manage daily service delivery and production activities performed by staff.
• Work in conjunction with individuals on the team as well as other Shared Service teams/COE’s, outsource locations, Client Operations and other business units to ensure seamless processing according to the fund’s policies, to ensure all SLAs are met. As well as Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.
• Act as the primary contact and key escalation point for operational issues in HZ, as well as provide technical expertise to resolve daily problems
• Manage and escalate issues related to BU Shared Services and COE’s.
• Ensure appropriate records of daily and monthly activities are kept.
• Assist with compliance/fiduciary reviews, controls, and audits as needed.
• Assess impacts of regulatory changes.
• Identify and implement consistent operational best practices.
• Coordinate the implementation of systems and processes as well as assists with client conversions and other client projects.
• Proactively look for solutions to client problems to improve the process and simplify the Operating model
• Train, develop and motivate new staff, as well as complete performance appraisals.
• Provide staffing recommendations by interviewing new personnel and making effective hiring decisions.
• Provide coaching and development opportunities to staff, participate in individual on-going training and development.
• Make effective recommendations to hire, discipline, control work and terminate employment.
• Make effective recommendations for promotions, salary increases and bonuses.
• During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.

What we value

These skills will help you succeed in this role:

· Overall experience of 12+ years and at least 5+ years of related Custody and/or Fund Accounting experience, part of which must have been in a management or supervisory capacity.
· Knowledge of securities language, Corporate Actions, Income & Expense accruals, SEC
· Yields, Distributions, NAV calculations etc.

· Should have prior Mutual Fund accounting experience including General Ledger analysis and reconciliation
· Good interpersonal, organizational and management skills.

Education & Preferred Qualifications

· Bachelor’s degree in commerce / economics with a specialization in Business, Accounting, Finance or equivalent experience preferred
 

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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