VP, Strategic Change Lead
EClerx
Job Overview
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Job Description
VP, Strategic Change Lead (Asset Servicing Migration) at eClerx
Job Summary
We are seeking a high-caliber VP, Strategic Change Lead to drive the multi-phase migration of our Global Asset Servicing operations from Broadridge to the TCS BaNCS Global Securities Platform. This is the bank’s top operational priority.
You will lead the functional design, data migration strategy, and operational readiness workstreams. The goal is to move away from batch-based processing and manual reconciliations toward a real-time, STP-heavy (Straight Through Processing) environment that supports T+1 settlement and global corporate action standards.
Responsibilities
- Gap Analysis & Target Operating Model (TOM): Deconstruct current Broadridge workflows (announcement scrubbing, entitlement calcs, and instructions) and map them to the TCS BaNCS "Best Practice" model.
- Data Lineage & Migration: Lead the "Gold Copy" data migration. You must ensure that historical corporate action data and complex tax positions in Broadridge are accurately translated into the BaNCS data schema without losing audit trails.
- Functional Configuration: Partner with TCS consultants to configure BaNCS modules for Mandatory, Voluntary, and Choice events, ensuring the system handles complex "Dutch Auctions" and "Rights Issues" better than the legacy setup.
- Interface Management: Oversee the decommissioning of Broadridge downstream feeds and the stand-up of new BaNCS APIs for accounting, sub-custody, and client reporting.
- User Training & Change Management: Own the "Mindset Shift." Move the operations team from the Broadridge "exception-based" manual mindset to the BaNCS "automated workflow" model.
Eligibility Requirements
- Hands-on experience with Broadridge (BPS/Gloss/Impact) and/or TCS BaNCS.
- Expert knowledge of ISO 15022 and ISO 20022 (migration to MX messaging is a core part of this role).
- Deep understanding of the full event lifecycle: Announcement → Position Capture → Instruction → Payment → Tax Reclaim.
- Proven track record of at least one large-scale "Legacy-to-Target" platform migration in a Tier-1 Bank.
Key skills/competency
- Broadridge
- TCS BaNCS
- ISO 15022
- ISO 20022
- Asset Servicing
- Corporate Actions
- Data Migration
- Change Management
- STP (Straight Through Processing)
- Financial Services
How to Get Hired at EClerx
- Research eClerx's culture: Study their mission, values, recent news, and employee testimonials on LinkedIn and Glassdoor.
- Tailor your resume: Customize your resume to highlight experience with Broadridge, TCS BaNCS, ISO messaging, and large-scale platform migrations in financial services.
- Showcase migration expertise: Prepare to discuss your track record in legacy-to-target system transitions, specifically in asset servicing or corporate actions.
- Master technical specifics: Be ready to demonstrate deep understanding of ISO 15022/20022 and the full corporate action event lifecycle.
- Emphasize change leadership: Articulate your experience in driving "mindset shifts" and user training for operational teams adapting to new automated workflows.
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