Senior Vice President - Investment Transition Team
About the role
About Citco:
The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.
About the Team & Business Line:
The Investment Transition function takes the lead in on-boarding new clients onto Citco technology platforms, building the foundation for Accounting, and integrating new client investments into Accounting and BAU. The function also owns the Special Purpose Vehicle (SPV) acquisition pipeline for the Real Assets line of business as well as development of new services for internal and external stakeholders.
The Senior Vice President, Client Integration owns this function end to end. The role sets the strategy and operating model for the Vilnius-based Centre of Excellence and the international ITT teams, leads a management layer of Vice Presidents and Assistant Vice Presidents, and acts as the senior escalation and decision-making point for the global onboarding and transition pipeline. The SVP is accountable for delivery quality, commercial outcomes (resourcing, cost models and capacity planning), the client and internal stakeholder relationship at senior level, and for the development of the leadership bench within the function.
Strategy and function ownership
- Own the long-term strategy, objectives and operating model of the Investment Transition and all its’ new branches, ensuring alignment with the Real Assets and wider Fund Services global objectives; translate line-of-business strategy into a workable plan for the Vilnius and international teams.
- Define and own the service catalogue, SLAs and KPIs for onboarding, SPV acquisition and eventually SPV disposition activity; negotiate and agree these with the business and arrange for execution.
- Own resourcing, capacity planning and utilization analysis for the function;
- Represent the function in senior management forums, SLT discussions and cross-location initiatives;
Delivery and pipeline oversight
- Own the global Real Assets SPV acquisition and eventually disposition pipeline; oversee prioritization, sequencing and delivery across multiple concurrent client onboardings, fund launches, share deal acquisitions and exits.
- Oversee the project management of new business – brand new client launches, organic growth, additional services, major SLA changes and process improvements – delegating execution to VPs while retaining accountability for delivery to plan.
- Act as senior escalation point for complex or at-risk transitions; step into hands-on review of complex acquisitions and eventually dispositions where required (acquisition and disposition memos, reconciliations, IFRS treatment, derecognition and gain/loss calculations).
- Ensure onboarding timelines, milestones and dependencies are tracked, reported and challenged;
- Own the control framework for the function: control procedures that minimize error, a clear escalation matrix, and timely reporting of issues to management and risk stakeholders.
Client and stakeholder relationships
- When required, own senior client relationships across the transition lifecycle; lead escalated and strategic client calls and ensure high-quality communication with clients, sellers, buyers, auditors and other external stakeholders.
- Lead marketing and sales pitches for the transition proposition; demonstrate and communicate Citco’s workflows, best practices and technology to prospective and existing clients.
- Partner with Fund Accounting, Corporate Secretarial, SPV Accounting to ensure internal workflows, data capture and system set-up meet client reporting and calculation requirements from day one.
- Deputise for and support senior management on cross-functional initiatives beyond the core remit of the function.
Systems, process and change
- Own end-to-end Investment Transition process, look for better ways of working by improving process, planning, implementing change and AIl
- Sponsor and prioritize the process improvement and automation agenda; drive measurable efficiency gains and embed a culture of innovation across the teams.
- Direct the function’s contribution to the development and testing of Citco’s technology platforms, ensuring integration requirements are represented in the roadmap.
- Ensure task and operational procedures are drafted, maintained and consistently applied across locations.
People leadership
- Lead the international Investment Transition Team or/and it’s branches such as Disposition teams through a management layer of Vice Presidents and Assistant Vice Presidents; set objectives, review performance and manage the annual appraisal, calibration and promotion cycle.
- Own staffing, hiring, onboarding, training and succession planning for the function; build the leadership bench and cover key-person risk.
- Coach and develop direct reports towards broader ownership of portfolios and firm-wide contribution; ensure workload is fairly distributed and working-time arrangements comply with local labor regulations.
- Champion engagement, wellbeing and inclusion in the Vilnius office and across the virtual teams; lead action planning arising from employee survey feedback.
About You:
- Minimum of a bachelor’s degree in Accounting, Finance, Mathematics, Economics or a related field; ACCA qualification required or strong working IFRS knowledge, including standards relevant to acquisitions and disposals (IFRS 5, IFRS 9, IFRS 10).
- 10+ years of experience in a Shared Service Centre, Centre of Excellence, Big 4 or large mid-size public accounting firm, with a significant part of that experience in fund services or real assets.
- 7+ years of external client-facing experience at senior level, including ownership of escalated client relationships.
- 5+ years of people management experience, including managing managers (VP / AVP level) across multiple locations.
- Deep working knowledge of Real Estate or Private Equity SPV accounting, including acquisition, transition and exit accounting.
- Proven track record of leading complex, multi-workstream integration or transition programmes to deadline; demonstrable project and programme management experience.
- Demonstrated experience in resourcing, capacity planning and cost / scenario modelling for new and existing mandates.
- Proven relationship management experience with both clients and senior internal stakeholders; able to influence at management team level.
- Excellent communication and written skills in English; able to present clearly to executive audiences.
- Able to handle multiple projects and stakeholder groups simultaneously, prioritise against deadlines and delegate effectively across a management layer.
- Advanced Microsoft Office skills (Excel, Word, PowerPoint) as well CoPilot;
- Comfortable working with operational data, workbooks and reporting.
- Strong knowledge of the financial services industry, its products and practices, and a genuine interest in continued development and learning.
Salary
5300 - 8000 EUR GROSS
Our Benefits
Your well being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.