Alternative Investments Data Solutions, Managing Director

State Street; Boston (MA); On-site; USD 170,000 - 253,000; Full time

Benefits offered by this job

401K with matching

Comprehensive benefits

Paid time off

Job summary

State Street is seeking a Managing Director, Alternatives Data Solutions, to lead a data-centric transformation for the Alternatives Investment unit in Boston. You will shape data design, governance and analytics for client delivery and operations, partnering across finance, product and technology teams to drive efficiencies and strategic outcomes.

The role emphasizes running a bank program for data collection, establishing authoritative data sets, and defining future operating models with clear

Qualifications

• 15+ years of experience in Data Design and Management within the finance industry.
• Core competency in Process Re-engineering with hands-on execution of redesigns.
• Strong team leadership and strategy delivery in large delivery teams.
• Proven project management leadership to drive large programs in fast-paced environments.
• Exceptional communication skills with the ability to influence senior partners.
• Collaborative, able to work across organizations to achieve bank-wide goals.
• Advanced analytical skills, qualitative and quantitative.

Responsibilities

• Lead the transformation of data-centric solutions for Alternatives Investment.
• Partner with Accounting Operations, BU CFO, FP&A, Product, Global Delivery and Technology to improve data management and governance across product types.
• Drive a run-the-bank program to improve production data controls and new releases.
• Lead Change the Bank efforts to publish new authoritative data sets on alternatives products.
• Establish operating models and controls along the data supply chain; develop KPIs to measure impact.

Skills

Data design

Data governance

Process reengineering

Team leadership

Project management

Executive presence

Cross-functional collaboration

Analytical skills

Job description

Who we are looking for The Managing Director, Alternatives Data Solutions, will lead a transformative effort to define, change, and implement data-centric solutions for the Alternatives Investment business unit, aiming to drive operational efficiencies through improved data design and management. This role will significantly contribute to shaping the future of Alternatives Data Solutions for our clients and operation through analytics and data delivery through strategic data management and innovative solutions.

What you will be responsible for
Alternatives Data Strategy: Partner and collaborate with the functional heads across Accounting Operations, Business Unit CFO, Financial Planning and Analysis, Product, Global Delivery and Technology teams to adapt and improve the operations, controls and management of data across alternatives product types.
Global Data Strategy and Collaboration: Continuous partnership and collaboration with key functional teams across Private Markets, Hedge, Custody, Middle Office and the registered product operations to better utilize the data to address client requests/obligations, drive operational efficiencies and management insights.
Alternatives Data Solutions and Functional Support
Responsible for a run-the-bank program while leading the execution of a transformative program on the collection of data to develop new capabilities to drive business outcomes for State Street’s core business.

Run the Bank responsibilities will include: Own and improve the existing controls and governance of the production data and deliverables as part of the day to day operations. This will also include leading the effort to drive the deployment and adoption of new releases.

Change the Bank responsibilities will include supporting the program to establish, publish and distribute a new authoritative data sets on Alternatives products. Support the establishment of the future state operating models to ensure clear roles and responsibilities along the data supply chain and implementation of the necessary controls and exceptions handling processes

Additional Responsibilities:

• Continuously champion the Data Strategy for Alternatives and align with the enterprise data strategy.

• Foster a collaborative culture promoting data-driven decision-making

• Establish KPIs to measure the effectiveness of implemented solutions. Continuously monitor and optimize data processes for efficiency gains

• Development of internal talent and resources

Education & Preferred Qualifications

• 15+ years’ experience in Data Design and Management – demonstrated experience in data architecture design and governance within the finance industry.

• Core competency in Process Re-engineering – Hands on experience in capturing, communicating, redesigning and execution of business processes.

• Team Leadership and Strategy Delivery – strong experience in directly managing a solution delivery team, demonstrating leadership, management, organizational, analytical and problem solving skills using a change and solution delivery mindset.

• Project Management Leadership – Project management experience to deliver a wide program of activities. Ability to drive outcomes in a fast paced environment while collaborating with other large programs and business priorities to deliver desired outcomes

• Communication – strong communication skills and executive presence with the ability to influence business and corporate function partners to execute against planned strategies and timeline. Ability to translate complex data and process concepts into strategic terms fundamental to getting senior management buy-in.

• Collaboration - ability to work across organizations, and influence other groups in driving to achieve common goals bank-wide

• Analytical skills - require both qualitative and quantitative analytical skills

Salary Range:

$170,000 - $252,500 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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

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It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.