The role of a performance measurement team serving a financial services firm has changed dramatically over the past 10 years, and so have the opportunities for advancement for team members.
So says Mike Beck, performance measurement analyst (CAIA, CFP & CIPM), and vice president for Glenmede Trust Co., based in Philadelphia.
FTF News spoke to Beck during a break at FTF’s Performance Measurement Americas conference in New York City this past March. Beck served as a panelist for the 2020 GIPS Standard Workshop and for the Keeping the Team Happy session.
“The demands [for the performance team] over the last 10 years have definitely gotten greater,” Beck says. “Historically, data would be provided on a monthly basis. But, now, in the last two to three years, most things are on a daily basis. So, that’s created more work for the team as well as increased the systems’ capabilities needed for that team.”
Responding to those increasing the demands has bolstered the typical paths for performance team members who then become managers or senior managers, Beck says. In addition, team members could move into roles as investment analysts and then portfolio managers. They could even become project managers, he adds.
“I think the changing dynamics in financial services — in that it’s constantly changing and new positions are opening up … I think people are more willing to accept those roles and move into them within the firm,” Beck says.
Click on the image above to watch the entire interview.
Video Production: Janene Knox and William J. Poznanski, Jr.
Interview conducted by Eugene Grygo, chief content officer, FTF News
Co-Producers: Sarah Hathaway, vice president, Financial Technologies Forum (FTF) and Eugene Grygo