VP – Alpha Conversion Executive

📌 Core Information

🔹 Job Title: VP – Alpha Conversion Executive

🔹 Company: State Street

🔹 Location: Boston, Massachusetts, United States

🔹 Job Type: Full-Time

🔹 Category: Financial Services

🔹 Date Posted: April 15, 2025

🔹 Experience Level: 10+ years

🔹 Remote Status: Remote OK

🚀 Job Overview

Key aspects of this role include:

• Leading Alpha E2E and middle office recordkeeping conversion activities
• Managing client relationships and cross workstream collaboration
• Planning and executing conversion events (dry run, DITL/PPVE, dress rehearsal, go live)
• Ensuring smooth transitions to business-as-usual operations
• Working with clients to facilitate data extraction and migration processes

ASSUMPTION: This role requires a high level of project management, stakeholder communication, and technical proficiency in data conversion and migration processes.

📋 Key Responsibilities

✅ Lead the planning and execution of Alpha E2E and middle office recordkeeping conversion activities for client programs

✅ Manage ongoing client relationships, cross workstream collaboration, and conversion team oversight

✅ Organize and lead conversion events (dry run, DITL/PPVE, dress rehearsal, go live)

✅ Ensure a smooth transition to business-as-usual operations

✅ Coordinate the activities of those involved in the conversion process

✅ Serve as the client-facing lead for all conversation-related activity with clients and internal business units

✅ Drive the data conversion development lifecycle and methodology

✅ Lead issue resolution and gap closure in terms of data provided or discrepancies in data between legacy presentation and the future state model

✅ Support the Conversion Manager in leading all conversion events, including some weekend activity and off-hours

✅ Serve as a subject matter expert speaking to details as required while managing multiple processes

✅ Plan resource requirements and manage vendor relationships

✅ Occasional travel required for client or global team onsite visits

ASSUMPTION: This role involves a high level of responsibility and requires strong leadership, communication, and project management skills.

🎯 Required Qualifications

Education: Bachelor’s Degree in Finance, Accounting, Business Administration/Management, or a related field

Experience: 10 years of relevant financial industry experience

Required Skills:

• Proven experience in migration, cutover/conversion discipline
• Executive presence and ability to effectively communicate status, strategy, path to green at steering and sponsor levels
• Demonstrated high-level knowledge or experience in capital markets, including middle office, securities, bank loans, IBOR/ABOR, transaction management
• Excellent communication skills with the ability to run meetings and collaborate across teams and functions
• Proven ability to work in a high-paced environment, be flexible, follow tight deadlines, organize, and prioritize work
• Working knowledge of data quality measures across referential, completeness, tolerance, index, and business-driven data qualitative and quantitative measures
• Solid ability to proactively identify potential issues and drive resolution
• Experience owning initiatives/projects related to middle office client onboarding
• Proven intermediate Microsoft Word, Excel, Visio, PowerPoint, SharePoint, and Access skills, as well as Microsoft Project, JIRA, or other project management software experience
• Solid understanding of data warehouses and databases, including SQL

Preferred Skills:

• Experience with RKS, CRIMS, Eagle, Eagle Star, PAM, Portia, WSO, or other relevant systems

ASSUMPTION: Candidates with a Master’s Degree in Finance, Accounting, Business Administration/Management, or a related field, along with 3 years of relevant pre- or post-Master’s financial industry experience, may also be considered.

💰 Compensation & Benefits

Salary Range: $140,000 - $222,500 Annual

Benefits:

• Competitive benefits package
• 401(k) with company match
• Health, dental, and vision insurance
• Life and disability insurance
• Paid time off and holidays
• Employee assistance program
• Tuition reimbursement
• Employee discounts and perks

Working Hours: 40 hours per week, with occasional weekend work and off-hours required

ASSUMPTION: The salary range provided is an estimate based on industry standards for this role, experience level, and location. Actual compensation may vary based on the candidate's qualifications and the company's internal compensation structure.

📌 Applicant Insights

🔍 Company Context

Industry: State Street is a leading provider of financial services to institutional investors around the world, offering investment management, investment research and trading, and investment servicing.

Company Size: 10,000+ employees

Founded: 1792 (as a bank), 1924 (as an investment management firm)

Company Description:

• State Street partners with institutional investors to provide comprehensive financial services
• The company is committed to helping clients perform better, now and in the future
• State Street offers a wide range of services, including investment management, investment research and trading, and investment servicing

Company Specialties:

• Investment Management
• Custodian
• ETF
• Financial Products
• Fund Accounting
• Relationship Management
• Research
• Trading
• Investment Servicing

Company Website: http://www.statestreet.com

ASSUMPTION: State Street's extensive experience and global presence make it a stable and reputable employer in the financial services industry.

📊 Role Analysis

Career Level: Executive

Reporting Structure: This role reports directly to the Conversion Manager and works closely with various business units and clients

Work Arrangement: Remote OK, with occasional travel required for client or global team onsite visits

Growth Opportunities:

• Potential career progression within the conversion team or related areas
• Opportunities to gain experience working with diverse clients and business units
• Possibility to develop leadership and project management skills

ASSUMPTION: This role offers opportunities for professional growth and development within a large, established organization.

🌍 Location & Work Environment

Office Type: Hybrid (remote work with occasional on-site requirements)

Office Location(s): Boston, Massachusetts, United States

Geographic Context:

• Boston is a major hub for the financial services industry
• The city offers a high cost of living but also provides numerous cultural, educational, and professional opportunities
• Boston has a diverse population and a vibrant job market

Work Schedule: 40 hours per week, with occasional weekend work and off-hours required

ASSUMPTION: The hybrid work arrangement allows for flexibility while ensuring the team remains connected and collaborative.

💼 Interview & Application Insights

Typical Process:

• Online application submission
• Phone or video screen with the hiring manager
• On-site or virtual interview with the conversion team and other stakeholders
• Final round interview with senior leadership
• Background check and reference check
• Job offer

Key Assessment Areas:

• Technical skills in data conversion and migration processes
• Project management and leadership abilities
• Communication and stakeholder management skills
• Problem-solving and issue resolution capabilities
• Understanding of capital markets and relevant systems

Application Tips:

• Tailor your resume and cover letter to highlight relevant skills and experiences
• Be prepared to discuss your experience with data conversion, migration, and project management
• Demonstrate your ability to work in a high-paced environment and manage multiple processes
• Showcase your understanding of capital markets and relevant systems
• Prepare questions to ask the interviewer about the role, team, and company

ATS Keywords: Alpha Conversion, E2E, Middle Office, Recordkeeping, Migration, Cutover, Project Management, Data Conversion, Issue Resolution, Stakeholder Management, Capital Markets, Securities, Bank Loans, IBOR/ABOR, Transaction Management, RKS, CRIMS, Eagle, Eagle Star, PAM, Portia, WSO, SQL, Microsoft Project, JIRA

ASSUMPTION: The interview process will focus on assessing the candidate's technical skills, leadership abilities, and cultural fit within the conversion team and State Street.

🛠️ Tools & Technologies

• Microsoft Office Suite (Word, Excel, PowerPoint, Visio, Access)
• Microsoft Project or JIRA (or other project management software)
• SQL databases and data warehouses
• Relevant financial systems (RKS, CRIMS, Eagle, Eagle Star, PAM, Portia, WSO, etc.)

ASSUMPTION: Proficiency in the listed tools and technologies is essential for success in this role.

👔 Cultural Fit Considerations

Company Values:

• Integrity
• Commitment to Clients
• Wisdom
• Innovation
• One State Street

Work Style:

• Collaborative
• Results-driven
• Adaptable
• Client-focused
• Inclusive

Self-Assessment Questions:

• How do you align with State Street's core values, particularly 'Integrity' and 'Commitment to Clients'?
• How do you handle working in a high-paced, dynamic environment with multiple stakeholders?
• How do you approach learning and adapting to new tools, technologies, and processes?

ASSUMPTION: State Street values candidates who demonstrate strong cultural fit, adaptability, and a commitment to client success.

⚠️ Potential Challenges

• Managing multiple projects and deadlines simultaneously
• Working with diverse stakeholders, including clients and internal business units
• Occasional weekend work and off-hours
• Keeping up with industry trends and technological advancements in data conversion and migration processes
• Navigating a large, complex organization with multiple teams and reporting structures

ASSUMPTION: These challenges require strong project management, communication, and adaptability skills.

📈 Similar Roles Comparison

• This role differs from related positions in its focus on Alpha Conversion and middle office recordkeeping conversion activities
• It requires a unique blend of technical expertise in data conversion and migration processes, along with strong leadership and project management skills
• Career progression may involve moving into senior leadership roles within the conversion team or related areas

ASSUMPTION: This role offers a unique opportunity to gain experience in a specialized area of the financial services industry.

📝 Sample Projects

• Leading a successful Alpha E2E conversion project for a major client
• Managing a complex middle office recordkeeping conversion event, including dry run, DITL/PPVE, dress rehearsal, and go-live phases
• Implementing process improvements to enhance data quality and efficiency in conversion activities

ASSUMPTION: These sample projects demonstrate the candidate's ability to manage complex conversion projects and drive continuous improvement.

❓ Key Questions to Ask During Interview

• Can you describe the team structure and dynamics within the conversion team?
• How does the conversion team collaborate with other business units and clients?
• What are the most challenging aspects of this role, and how can I best prepare for them?
• How does State Street support the professional development and growth of its employees?
• What are the key priorities for this role in the first 30, 60, and 90 days?

ASSUMPTION: Asking thoughtful questions demonstrates the candidate's interest in the role and commitment to success.

📌 Next Steps for Applicants

To apply for this position:

• Submit your application through this link
• Tailor your resume and cover letter to highlight relevant skills and experiences, particularly in data conversion, migration, and project management
• Prepare for interview questions related to your technical skills, leadership abilities, and cultural fit
• Research State Street and the financial services industry to demonstrate your knowledge and enthusiasm for the role
• Follow up with the hiring manager one week after submitting your application, if you haven't heard back

⚠️ This job description contains AI-assisted information. Details should be verified directly with the employer before making decisions.