Who we are looking for

This role is within State Street IMS’ Trade Management department. The candidate will be responsible for researching and resolving complex operational issues while demonstrating problem ownership, teamwork, and the willingness to take on special assignments. The candidate will engage in all operational aspects concerning the front to back office trade flow. The role involves daily interaction with various internal teams, brokers, custodian banks, and clients with the overall goal of providing timely support and resolution of all trade related inquiries.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS 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, SSGS’ 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 you will

•Action Booking, confirmation, and settlement of all trade activities received from the investment manager.

•Ensures that all trades are booked within various middle/back office systems and communicated to custody / third parties.

• Provides timely support and resolution of trade transmission issues and inquiries.

•Offers suggestions for updating, correcting, and improving static data.

•Performs the necessary checks on all automated and manual trades.

•Follows standard operating procedures to ensure timeliness and accuracy of processing.

•Acts as a resource within the assigned business unit to resolve complex or non-routine processing related questions/issues.

•Researches complex issues, and proposes tactical and strategic solutions.

•Identifies and takes ownership of issues. Ensures problem resolution is well-documented and communicated to the appropriate parties.

•Prepares and reviews various standardized reports.

•Interacts with internal and external parties to resolve various trade related issues.

•Performs ad-hoc tasks to support team supervisor and the overall business unit as needed.

•Responds to all inquiries timely and accurately.

•Provides recommendations for improving in processing or procedures.

•Assists team with creating, updating and maintaining standard operating procedures.

•Maintains familiarity with back up procedures; provides guidance when system applications and or trade transmission problems arise.

What we value

These skills will help you succeed in this role

Highly proficient in excel and VBA; formulas; charting; data visualization; 

Highly effective written and verbal communication skills

Detail oriented and ability to act quickly in a fast paced environment.

Education & Preferred Qualifications

Bachelor’s degree with business related coursework or equivalent. B.S. in Finance, Economics, or Accounting preferred.

Knowledge of financial securities markets, language and products, as well as legal and regulatory requirements.

Strong working knowledge of MS Office Suite, including Word, Excel, Outlook and PowerPoint. Knowledge of VBA macros and Business Objects is a plus.

Proven critical thinking, technical, analytical, time management and organizational skills.

Ability to prioritize workloads under tight deadlines in a very fast-paced trading-driven environment.

Strong interpersonal and communication skills in both verbal and written forms.

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:

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.

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