Who we are looking for Hedge Fund Administration Managers, Officers interact with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. Hedge Fund Administration Managers are responsible to direct the day-to-day accounting and administration for several client sponsored investment funds.
What you will be responsible for
Account for the day-to-day management of team members and the maintenance of assigned activities, allocate and coordinate resources and handle personnel related issues
Supervision of all subordinate staff levels including Associate 1, Associate 2 and Senior Associates
Deliver the highest quality of client service and ensure appropriate KPIs are in place and understood
Produce KPIs for functional team and perform first level review
Act as the escalation point for operational issues, providing technical expertise as needed
Track outstanding queries and issues; be detail oriented and prioritize effectively
Ensure queries are being managed in a timely and positive manner
Ensure all activities are completed in line with internal standards and review as required; ensure appropriate policies and procedures are in place and adhered to by the functional team
Create continuous improvement forums enabling teams and peer groups to identify and recommend opportunities
Support the onboarding of new clients
Promote a collaborative environment across businesses and jurisdictions fostering change and innovation; always demonstrate a positive attitude to all instructed business related changes
Deliver key messages and communication effectively to ensure understanding and staff engagement
Develop, engage and retain an industry leading workforce using all available resources
Ensure cross training is completed across the functional team and provide specific SME training as required
Assist with interviewing and hiring staff and make recommendations in relation to staff promotions and disciplinary issues
Actively participate in local management forums
Prepare and assist with internal reporting activities (risk/compliance, etc.)
Exercise discretion and judgment with regard to matters of significance such as identifying and implementing process improvements and driving project work to achieve efficiencies
Review and coordinate onboarding, conversion, and client change activities as needed and liaise between parties to ensure successful implementation and manage expectations
Additional requirements
Provide coaching and development opportunities to staff and responsible for completing and delivering PPRs on time
Make effective recommendations to hire, discipline, control work, determine promotions, salary increases, bonuses and terminate employment
Ensure self and team anticipates, monitors, actively manages and reports all risk and compliance issues, breaches and suspicious activities
Act in accordance with Risk Excellence and role model Ethical behavior and decision making as part of our Way Ahead foundation
Perform other duties as required
Share responsibility with: ??? Individuals on the team and other internal/external teams as needed to resolve issues/discrepancies and ensure client satisfaction ??? Local, regional or global working groups to advance and assist projects or committees as required
Collaborate with appropriate teams globally to ensure consistent service delivery, client solutions and client satisfaction
Education and Experience
Degree in Finance or Business-related area
At least 3 years of middle office/operations experience preferred
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 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. Discover more at StateStreet.com/careers
Salary Range: $65,000 - $102,500 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.