Network Assistant, SrAssc.

Job Description

Why this role is important to us:

As part of a geographically diverse team, the Subcustodian Assistant role is responsible for maintaining relationships with local market infrastructure entities, regulators, contractual subcustodians and the correspondent banks servicing State Street along with strengthening and monitoring all relationships to ensure the highest level of service is provided.

Who we are looking for:

Key responsibilities include, but are not limited to:

·         identifying and assessing risk,

·         resolving conflicts,

·         developing firsthand detailed knowledge of each market’s structure,

·         settlement practices,

·         safekeeping systems,

·         addressing regulatory elements of our business and managing specific market and client requests.

·         The Subcustodian Network Assistant role also works with operational units and the agent banks to further develop product and operational efficiencies for State Street and foreign investors.

What we value:

·         This position requires that the candidate monitors, evaluates and communicates market developments including their impact and risk, as well as develops expert knowledge about the assigned markets’ operating models, infrastructure and regulatory framework.

·         The candidate is expected to develop an understanding of international best practices for the industry and to advocate for the implementation of those practices and other operational efficiencies with the market infrastructure representatives and agent banks in the assigned markets in the Americas Region

·         The candidate will also manage projects and coordinate efforts of other teams and business units. Examples include agent bank RFPs and operating requirements revise, client matrices and topical market information inquiries.

·         The position requires ongoing familiarity with the industry’s evolving regulator and compliance framework, as well as monitoring and implementation of resulting changes to the operating model at State Street and agent banks. It also requires particular focus on the identification and monitoring of risk across functions and process and cooperation with the operational areas and with agent banks to mitigate this risk and resolve crisis and financial exposure situations.

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