Alpha Professional Services, Assistant Vice President - Conversions

State Street Corporation
London, United Kingdom
03 Sep 2022
02 Oct 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
State Street Alpha's Professional Services team is looking for experienced leaders to drive our Data Collection, Configuration and Conversion practice across the Alpha platform. We're looking for experienced professionals across front and middle office operating models, data migration, outsourcing, business architecture and project management disciplines.

The practice will centralize the collection of data from our clients for implementation onto the Alpha Platform.
The Practice Managers will work closely with the implementation work streams to align with client testing needs. This will extend across multiple teams and time zones. The team will also be responsible for end to end Operational Readiness across the front the back model and ensure the testing teams .

Overall collection, configuration and conversion activities convers the life span of the conversion event and is a single point of mastering and distribution for clients. This will range from cost estimation, scoping requirements and engaging with client and internal business partners to facilitating data extract set up process, organizing and leading conversion events (dry run, dress rehearsal, go live) and ensuring a smooth transition to BAU working across the different business units. The individual will be expected to coordinate and manage the activities of those involved in the conversion(s) which could be up to 10-15 individuals located in different time zones.

Why this role is important to us:
The team you will be joining is a part of State Street Alpha. State Street gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, State Street tools help our clients make better investment choices and act on growth opportunities.
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 AVP - Conversion/SMF Manager, you will
  • Create and implement conversion strategies to successfully migrate data from legacy platforms into State Street Alpha/middle office platforms
  • Coordinate and drive the deliverables of conversion planning and testing in order to meet the milestones.
  • Creates data maps to show the flow from legacy systems to the in-house system using existing functionality and processes
  • Drives the data conversion development lifecycle and methodology including requirements analysis, solution design, client acceptance, timeline creation, implementation, unit testing, deployment tools, and maintenance
  • Leads issue resolution and gap closure in terms of data provided or discrepancies in data between legacy presentation and the future state model based on the feedback provided
  • Heads all conversion events which includes some weekend activity and off hours
  • Serves as client facing lead for all conversion related activity with client and internal business units
  • Serves as an SME speaking to details as required while managing multiple processes
  • Manage Conversion events like Damp runs, Dry runs and Dress rehearsals which leads up to the GO live conversion
  • Navigate complex client relationships, build strong business relationships and manage expectations with client stakeholders
  • Manage & Build a Security Master File team which owns the SMF Data set up, AI review, Mapping file production along with issue resolution from the middle to the front office, with full E2E ownership, client relationship and conversion delivery

What we value
These skills will help you succeed in this role
  • Excellent Communication Skills with ability to effectively run meetings and collaborate across teams and functions
  • Ability to work in a high paced environment, be flexible, follow tight deadlines, organize and prioritize work. Weekend work required.
  • Ability to proactively identify potential issues and drive resolution.
  • Leadership and effective management skills

Education & Preferred Qualifications
  • 7-10 years of relevant Financial Industry Experience required, preferably Investment Management, Asset Management
  • Experience in implementation of large client onboardings with complex architecture, multiple teams and functionalities.
  • Experience in Migration of data into Front office and middle office systems.
  • Exposure to Charles river or any other front office systems is preferred
  • Intermediate to advanced Microsoft Word, Excel, Visio, PowerPoint, SharePoint and Access skills, as well as Microsoft Project or other project management software experience
  • Solid understanding of Data Warehouses and Databases including SQL
  • High Level knowledge or experience in Capital markets including Middle & Back Office, Securities, Bank Loans, IBOR / ABOR, Transaction Mgmt or system knowledge of Eagle, Eagle Star, PAM, Portia, WSO or other is expected.
  • Experience owning initiatives / projects related to Middle & Back Office Client On boarding

Additional requirements
This is a leadership position and will be expected to bring the regional and global teams together to collaborate across current and future deals

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.
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