Who we are looking for
Responsible for Middle Office operations. Will need to manage high risk processes that span international markets. Focus will mainly be around middle office trade management, derivatives and asset valuations. Ideal candidate has varied experience across middle office functions.
Why this role is important to us
The team you will be joining is a part of State Street Global Delivery (SSGD). SSGD gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGD’ tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As a Senior Associate
Join the middle office operations group team and assist in providing clients with portfolio pricing, trade allocation, confirmation, correction and settlement, prime broker interfaces, repo processing and cash management
Perform middle office activities for a range of products including domestic and international (including emerging markets) equity, FX, fixed income, and derivative products
Provide daily support for client investment accounts by processing daily subscriptions/redemptions, identifying transaction cost associated, and ensuring that statements accurately reflect capital activity
Contribute to on-going process improvement initiatives to add further control and organization around the trade life-cycle
Assist in developing the operations team through cross-training
Provide periodic control summaries for management review
Meeting of Corporate Obligations
Project work, inclusive of Robotics/Automation
Daily escalation resolution
What we value
These skills will help you succeed in this role
strong critical thinking, problem solving, and decision-making skills
ability to manage team members across multiple sites
prioritize potential issues and escalate
subject matter expert within the corporate action space
Education & Preferred Qualifications
B.S. degree in accounting or Finance preferred
Minimum 2 years of Middle Office, Back office and/or Front Office support experience.
Trade lifecycle mechanics understanding preferred
Knowledge of securities language preferred
Experience around custody/accounting systems preferred
Strong written and verbal communication ability
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance, and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Salary Range:
$52,000 - $75,400 AnnualThe range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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