Job description
Job Description
Make Tomorrow Happen. Advance your career at State Street.
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Job Description
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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Who we are looking for
In this role, you will work with State Street teams from around the globe to support premier investment management clients. You will have immediate responsibility to oversee all day-to-day transactional responsibilities in a fast-paced, flexible and exciting environment.
Why this role is important to us
This is a varied position within the Transaction Management Exchange Traded Derivatives Team, within Middle Office Services. This Transaction Management ETD Sr. Associate acts as a Primary contact point for all internal/external clients. The team is responsible for trade confirmation, trade processing, reconciliations with prime brokers, margin validation & processing and reporting to clients as agreed within service level agreements. The team is also responsible to maintain client Recordkeeping data updated, process wire transfers, and work with prime brokers to resolve exceptions. The candidate is required to ensure service delivery to both internal and external clients, ensure timely response to client initiated queries and escalate appropriately to reporting manager.
What you will be responsible for
As Senior Associate, you will
• Involve in day to day operations of Transaction Management Exchange Traded Derivatives team in location for responsible client
• Drive transaction management, settlement and excellence though proactive management of the trade lifecycle
• Be a subject matter expert in service delivery and ensure client deliverable are reviewed and actioned timely
• Build a strong risk management and control environment
• Communicate effectively on issues / problems with the Clients and with STT management and ensure a proper and timely follow-up to ensure resolutions
• Embrace State Street’s “core values” and support a work environment reflective of these values
• Effectively communicate with clients, custodians, brokers, managers, and peers within State Street
• Be a strong team player and demonstrate dedication to group and company goals
• Demonstrate professional maturity and effective time management
• Demonstrate the ability to analyze a problem, obtain and evaluate information, and reach sound conclusions
• Ensure all internal/external clients inquiries are logged and resolved in a timely and satisfactory manner
• Ensure all daily and monthly services are delivered in accordance with relevant client SLA’s
• Assist with compliance reviews, controls and audits
• Work effectively with peers locally and across the region to achieve common goals
What we value
These skills will help you succeed in this role
• Excellent attention to detail
• Must be responsible and take ownership to the job which is allocated
• Organized and able to multi-task often working with tight deadlines
• Demonstrate the ability to handle multiple activities and to prioritize work effectively
• Must be pro-active and be a problem solutioner
• Carries work ethics and professionalism within the organization’s principal and beyond
• Must be flexible often dealing with ad-hoc queries from clients
• Understanding of the risks involved in the processes and bring it to the attention of management
Education & Preferred Qualifications
• Degree in finance/business or equivalent along with relevant industry experience
• Understanding of Middle Office operations, with strong knowledge of Exchange Traded Derivatives trade confirmation, processing, reconciliation and trade life cycle
• Proven experience with client communication/interaction at multiple levels
• Understanding of key technology within the support of investment management operations
• Experience of being part of organizational change, with an understanding of change management principles, techniques & tools
• Experience in leveraging technology solutions including low-code tools, SQL, Python or similar is advantageous
• Strong MS Excel, Access, Word, PowerPoint skills necessary
• Strong English written and spoken ability
Additional Locations
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.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
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.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement