At a Glance
- Tasks: Lead client conversion activities and manage cross-team collaboration for smooth transitions.
- Company: Join State Street, a leader in innovative financial solutions.
- Benefits: Flexible work-life support, paid volunteer days, and inclusive development opportunities.
- Other info: Dynamic role with occasional travel and weekend work; telecommuting options available.
- Why this job: Be at the forefront of next-gen tech and make a real impact in finance.
- Qualifications: Experience in migration projects and strong communication skills required.
The predicted salary is between 60000 - 75000 € per year.
Individual will lead the planning and execution of Alpha E2E and middle office recordkeeping conversion activities for their client programs. The Alpha Conversion team manages the execution of the critical migration, conversion & cutover activities necessary to bring new clients on to the State Street Alpha platform. The Alpha Conversion team works with clients to facilitate data extraction & migration process, organizing and supporting recordkeeping conversion events (dry run, DITL/PPVE, dress rehearsal, go live) and ensuring a smooth transition to BAU working across the different business units. The Alpha Conversion Analyst manages ongoing client relationships, cross workstream collaboration and conversion team oversight.
Responsibilities will range from resourcing and cost estimation, scoping requirements, engaging with client and internal product teams to define the conversion approach and timeline, organizing and leading conversion events (dry run, DITL/PPVE, dress rehearsal, go live) and ensuring a smooth transition to BAU working across the different business units. The individual will be expected to coordinate the activities of those involved in the conversion which could be up to 10-15 individuals located in different time zones.
The team you will be joining is a part of State Street Alpha Professional Services, launched in 2019. Alpha is the growth strategy for State Street and we’re investing in and delivering on innovative next generation solutions. Join us if delivering next generation infrastructure, using emerging technologies like public cloud, microservices, snowflake and AI are what you are up for.
What you will be responsible for:
- Serves as client facing lead for all conversation related activity with client and internal business units.
- Conversion workstream project management, client executive updates and presentations.
- Coordinates and drives the deliverables of conversion planning and testing in order to meet the milestones.
- Drives the data conversion development lifecycle and methodology including requirements analysis, solution design, client acceptance, timeline creation, implementation, unit testing, deployment tools, and maintenance.
- Leads issue resolution and gap closure in terms of data provided or discrepancies in data between legacy presentation and the future state model based on the feedback provided.
- Supports Conversion Manager in leading all conversion events which includes some weekend activity and off hours.
- Serves as a subject matter expert speaking to details as required while managing multiple processes.
- Resource planning and vendor relationship management.
- Weekend work required occasionally.
- Occasional travel required for client or global team onsite visits.
- Telecommuting permitted pursuant to Company policy.
What we value:
- Proven experience in Migration, Cutover/Conversion discipline as part of large scale transformation projects – ideally within a context of migrating from Clients legacy architecture on to a vendor or service providers systems.
- Demonstrated capacity in challenging & optimising cutover approaches & runbooks and management thereof for the benefit of High Value transformation projects.
- 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 Mgmt. System knowledge of RKS, CRIMS, Eagle, Eagle Star, PAM, Portia, WSO or other is preferred.
- Demonstrated excellent Communication Skills with ability to effectively run meetings and collaborate across teams and functions.
- Demonstrated high level of skill in team management, employee development and mentoring.
- 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.
Education & Preferred Qualifications:
- Bachelor’s Degree in Finance, Accounting, Business Administration/Management or related field; plus 10 years of relevant financial industry experience.
- Alternative Education & Preferred Qualifications: Master’s Degree in Finance, Accounting, Business Administration/Management or related field; plus 3 years of relevant pre- or post-Master’s financial industry experience.
About State Street:
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Alpha Conversion Analyst, Officer employer: State Street Corporation
At State Street, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. As an Alpha Conversion Analyst, you will have the opportunity to lead critical client projects while benefiting from our commitment to employee development, flexible work arrangements, and a supportive environment that values diversity and inclusion. Join us in a role that not only challenges you but also empowers you to make a meaningful impact in the financial industry.
StudySmarter Expert Advice🤫
We think this is how you could land Alpha Conversion Analyst, Officer
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. The more people know you’re on the hunt, the better your chances of landing that Alpha Conversion Analyst role.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Familiarise yourself with State Street’s Alpha platform and think about how your experience aligns with their needs. Show them you’re not just another candidate; you’re the one they’ve been looking for!
✨Tip Number 3
Practice your communication skills! As a client-facing lead, you’ll need to convey complex ideas clearly. Grab a friend or use a mirror to rehearse your responses to common interview questions, focusing on your ability to manage relationships and lead teams.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the State Street team. Let’s get you that job!
We think you need these skills to ace Alpha Conversion Analyst, Officer
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Alpha Conversion Analyst role. Highlight your experience in migration and conversion projects, and show how your skills align with what we’re looking for.
Showcase Your Communication Skills:Since this role involves client-facing activities, it’s crucial to demonstrate your excellent communication skills. Use clear and concise language in your application to reflect your ability to convey complex information effectively.
Highlight Relevant Experience:Don’t forget to mention any relevant experience you have in capital markets or middle office operations. This will help us see how you can contribute to our team right from the start.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at State Street Corporation
✨Know Your Stuff
Make sure you brush up on your knowledge of migration and conversion processes, especially in the context of financial services. Familiarise yourself with terms like 'cutover', 'data extraction', and 'BAU' so you can speak confidently about them during the interview.
✨Showcase Your Project Management Skills
Be ready to discuss your experience with project management tools like JIRA or Microsoft Project. Prepare examples of how you've successfully managed teams and delivered projects on time, especially in high-pressure environments.
✨Communicate Effectively
Since this role involves client-facing responsibilities, practice articulating your thoughts clearly. Think of scenarios where you've had to present updates or resolve issues, and be prepared to share these experiences to demonstrate your communication skills.
✨Demonstrate Flexibility and Problem-Solving
Expect questions about how you handle tight deadlines and unexpected challenges. Have specific examples ready that showcase your ability to adapt and find solutions, particularly in complex conversion scenarios.
