Alternative Investment Administration Services, Vice President

Who We Are Looking ForWe're focused on hiring and developing the most talented people in the industry. We look for employees with diverse backgrounds and perspectives who will thrive in an entrepreneurial culture and contribute to our long-term success.If you’re looking for your next challenge, take a look at us.Why This Role Is Important to UsAlternative Investment SolutionsState Street’s Alternative Investment Solutions group provides a complete suite of services to more than 750 clients, including institutional investors, hedge fund managers, private equity fund managers and real estate fund managers.We offer deep, product-specific expertise in alternative investments and flexible, innovative alternative investment solutions, including fund accounting, fund administration, corporate administration, risk and credit services.Asset Owner – Private MarketsThe Private Market team is focused on providing administrative and analytical solutions to institutional investors in Private Equity and Real Estate. Our team tracks all communications from our clients’ General Partners, processes all cash movements, updates investment valuations, captures underlying portfolio company and property details, and provides online tools for performance and exposure reporting.What You Will Be Responsible ForReview and assist staff with month-end fund of funds trading, review trade packages and assist in resolving trade package related queries, audits and other ad hoc financial reports as required.Oversee the review, validation, approval and monitoring of the process workflowAccount for daily management of functional team(s) and manage daily service delivery and production activities performed by staffOversee offshore teams, performance tracking , participation in monthly/quarterly calls, transitioning new funds/business to offshore teamsPrimary contact and key escalation point for critical operational issues, as well as technical expert to resolve daily problemsManage and escalate issues related to Business Unit Shared Services and COEsManage conversions of new business, plan for and review client specific agreements and internal policiesManage departments overtime budget effectively, indirectly responsible for other department budget mattersEnsure appropriate records of daily and monthly activities are complete and maintainedIdentify and implement consistent operational best practicesDocument and review procedures, recommend controls and risk strategiesCoordinate the implementation of new funds, systems and processes, assist with client conversions and other client projectsDevelop and implement process improvements, effectively manage change to ensure departmental objectives are metPromote a risk awareness culture in staffProvide coaching and development opportunities to staffEnsure self and team anticipates, monitors, actively manages and reports all risk and compliance issues, breaches and suspicious activitiesAct in accordance with Risk Excellence and role model Ethical behavior and decision making as part of our Way Ahead foundationPerform other duties as requiredEducation & Preferred QualificationsCompetent to Expert with a Bachelor’s degree, prefer finance, accounting, economics or business management major 10+ years of related experience in transfer agency, Fund of Funds trading process or fund accountingProficient in email managementAdditional RequirementsFund of Funds trading documents such as subscription document, redemption document and transfers forms knowledge is an advantageStrong problem solving and analytical skills Strong communication, interpersonal, and organizational skillsExcellent time management and presentation skills (communication to multiple levels (clients, other 3rd parties, executives, peers, subordinates). Flexibility across multiple formats (one on one, town hall, virtual meetings, social, etc) Navigate a large, global organization. Build meaningful relationships and develop an effective network Ability to communicate with various internal teams to resolve inquiries and understanding when to escalate Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments About State StreetAcross 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.Discover more information on jobs at StateStreet.com/careersRead our CEO StatementJob ID: R-778828