Global Delivery Middle Office, Assistant Vice President

Who We Are Looking For

The member of the Global Delivery Middle Office team will focus will mainly be around middle office trade management, derivatives and asset valuations. Ideal candidate has varied experience across middle office functions. The individual will review reconciliations to flag issues and high fluctuations in accounts, using existing checks and implementing new checks when needed. Will need to manage high risk processes that span international markets. Ideal candidate has varied experience across middle office functions. The individual is expected to work with little to no oversight, identify and resolve trends, and educate and train staff on new issues once appropriate research has been completed. This is a client-facing role.

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 an Associate Vice President

• Using provided tools, review assigned accounts for issues associated with cash (Overdrafts, reconciliation), positions (trades, other), portfolio pricing, trade allocation, confirmation, correction and settlement, prime broker interfaces, and cash management.
• 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.
• Identify data or accounts trends for discussion in group meetings.
• Interact with all middle office teams (Accounting, Corporate Actions, Trading, Performance)
• Monitor reconciliation reports and explore overlap in checks to streamline processes.
• Discern high priority items throughout the day and action accordingly; implement additional checks where needed & provide training to the team.
• Monitor KPIs and provide solutions for improvement.
• Remain familiar with back-up procedures when system applications and/or transmission problems arise. Assist with trouble-shooting.
• Build cooperative and professional internal/external relationships achieving group and client goals. Utilize all available resources throughout SSC.
• Succeed in a global & dynamic environment, including interacting with clients.
• Take ownership of issues to resolution, engage teams as needed to gain consensus.
• Track work effort and goals. 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 8-12 years of Middle Office and/or Front Office support experience.
• Previous experience with TLM/ RKS/ ESP a plus.
• Knowledge of securities language preferred.
• Strong interpersonal, organizational and attention to details skills.
• Strong written and verbal communications.
• Must be deadline oriented with the ability to provide technical expertise to resolve daily problems.
  
  
  

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.

Discover more at StateStreet.com/careers

Salary Range

$70,000 - $115,000 Annual

The 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.

State Street's Speak Up Line

Job ID: R-757523