This is a key management role within the SSGA Strategic Partner Oversight team, which is part of the Chief Operating Officer’s organization, that is responsible for ensuring quality of service providers that directly support SSGA investment processes. Candidates should have a strong understanding of “front to back” investment management and servicing processes, with specific experience focusing on fund accounting and administration requirements for registered investment products. Candidates should also have the ability to oversee governance program requirements for services provided by strategic partners of SSGA.
The role can be located at SSGA’s headquarters in Boston, MA or in the Stamford, CT office, and will collaborate with investment professionals across global investment centers. This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.
As the Fund Oversight & Governance Lead, you will:
- Establish a comprehensive understanding of the investment services provided to SSGA by strategic service providers.
- Act as the primary point for SSGA funds for: 1) Evaluation of the quality of custody and administration service provision; and 2) Escalation for resolution of issues in coordination with strategic providers.
- Be responsible for coordination of board and committee reporting regarding outsourced services supporting the investment management process.
- Present and discuss results of service provision with legal entity boards and management committees on the results.
- Work closely with SSGA professionals within Investment Management, Funds Management, and corporate functions. Interact directly with investment management professions to assess the SSGA client experience.
- Represent the Strategic Partner Oversight management team on program committees.
- Assess and drive change management processes with service provider.
- Become a member of the Strategic Partner Oversight management team.
- Participate in routine due diligence discussions.
- Coordinate and supervise ad hoc analyses and initiatives.
- Explore alternatives to current processes by seeing to find ways to be more effective and efficient.
These skills will help you succeed in this role
- Mature understanding of custody, accounting, and administration servicing needs across multiple asset classes and strategies
- The ability to motivate teams to drive change and improve processes
- Challenging the status quo and provide feedback regarding required change
- Collaborating with multiple stakeholders to drive accountability and results
- Ability to analyze and break-down processes and determine root causes of issues
- Bring a controls-focused mindset to resolving issues and recommending process improvements
Education & Preferred Qualifications
- Minimum of bachelors degree and 10-15 years of asset management industry experience
- Deep understanding of interconnectivity of aspects of the investment lifecycle, including portfolio construction, trading, data management, middle office, and custody
- Experience with management reporting and presentations to senior level governance committees
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
About State Street Global Advisors
What We Do. As the asset management arm of State Street Corporation, State Street Global Advisors has served the world’s governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world’s largest asset managers with trillions of dollars under our care.
Our Mission. At State Street Global Advisors our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to Flexible Work Programs 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 perspectives 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 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 programs 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.
Company: State Street Global Advisors
Salary Range:
$110,000 - $177,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
