Fund Administration Legal: Department Head (MD, Managing Counsel) - Hybrid

State Street Corporation
Boston, USA
15 May 2023
27 May 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
Fund Administration Legal: Department Head (Managing Director and Managing Counsel)

The department head will generally have at least twenty-five years of experience in the financial services industry, and be expert in Investment Company Act of 1940 issues. The department head bears ultimate responsibility for the delivery and client satisfaction of quality legal administration services to State Street's clients.

The following are specific responsibilities of the department head:

  • Communicate to staff regularly through staff meetings, attorney meetings and/or one-on-one meetings
  • Complete performance review and total compensation and other human resources processes in a timely manner
  • Participate in department budget process
  • Respond to clients or client service personnel when issues arise
  • Define and evolve the service model
  • Drive department standard operating procedures, checklists and matrices
  • Assist with RFPs and attend sales presentations

In addition, the department head must possess a highly developed understanding of not only the legal issues but also the business, distribution, marketing and structural issues facing mutual fund clients.

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.

Why this role is important to us
You will be joining the Institutional Services function that allows us to deliver a comprehensive, holistic approach to each client relationship - for asset managers and asset owners, insurance companies, and official institutions globally. It means our client-facing functions work together to bring the very best solutions and services the firm has to offer - across all of our locations, products, and capabilities.

Join us if making your mark on the long-lasting client relationships we build is a challenge you are up for.

What you will be responsible for

  • Keeping current with legal developments, coordinating communication of such developments to staff and clients and proactively applying such developments to clients' situations
  • Serving as a mentor or developer of less experienced colleagues
  • Leading resolution of complex client or internal legal issues; issues with potential liability to State Street and "sticky" client service issues; brings such issues to the attention of senior management; and resolving such issues with input from more senior management
  • Providing support to sales professionals, financial administration personnel, making presentations to potential clients, researching and preparing memoranda on general industry issues not related to specific clients and/or participating in seminars and conferences on industry-related topics
  • Providing effective legal support to other fund administration teams on contractual, operational, compliance and other issues
  • Managing responsibility for other attorneys

The following are specific attributes:

  • Demonstrates high level of integrity and professionalism
  • Excellent communication skills, both written and verbal
  • Works collegially with other department members and treats other department members with respect
  • Possesses strong time management skills
  • Independently handles complex projects and multiple priorities
  • Establishes close working relationships with clients and provides excellent service to clients
  • Has a mastery of relevant statutes and rules
  • Demonstrates keenly developed issue spotting and diagnostic problem solving skills
  • Exercises considerable sound business and legal judgment
  • Demonstrates strong organizational skills and independent follow-through on issues and tasks
  • Demonstrates ability to adapt and manage new, changing and often conflicting situations
  • Ability to delegate assignments effectively and efficiently
  • Utilizes resources efficiently

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.

Salary Range:
$200,000 - $275,000 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.
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