Core Operations, Associate 2

Who we are looking for

As an Operation Specialist, Associate 2, you will interact internally with Global Delivery teams, Client Operations teams, business unit Shared Service teams and Joint Venture operations teams to complete applicable day-to-day activities, relating to the overall processing for assigned clients and portfolios.

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 Operation Specialist, Associate 2 you will

• Reviews and validates all daily activity in an accurate and timely manner, and maintains all required controls to ensure overall accuracy.

• Performs the necessary due diligence to ensure all pricing sources are reviewed, analyzed and compared/contrasted before relevant information is released to Fund Accounting and the client.

• Works in conjunction with individuals on the team as well as other shared services/COEs and Client Operations to ensure seamless pricing valuations according to the fund’s policies.

• Supports the research and resolution process for exceptions and inquiries.

• Monitors and identifies halted/suspended domestic and international securities and notifies the Senior Specialists, Fund Accounting and the client appropriately with detailed information.

• Provides information needed to prepare financial statements and reports for client, shareholder, director and management reports, in an accurate and timely manner.

• Reviews corporate actions.

• Performs in depth research and analytics on security price movements and fluctuations in foreign currency outside established tolerance levels.  Research includes, but is not limited to, analyzing index movements, accessing relevant news items that may pertain to a specific market, region, sector and/or issuer, and/or contacting the broker/dealer community and or client for additional insight

• Supports and assists supervisors with special projects and fielding questions and requests from Fund Accounting, auditors and the client.

• Reviews specialist work/output to ensure the necessary due diligence is performed.

• Remains familiar with back-up procedures when system applications and/or transmission problems arise.

• Maintains records in support of audits.

• May perform other duties as requested.

Security Valuation Specific Responsibilities

• Retrieves and monitors availability of prices for designated portfolios.

• Gathers appropriate backup, maintain spreadsheets, contact brokers, and print various exception reports to support the pricing process.

• Interacts with third parties as necessary.

• Interacts with clients in a limited capacity for time critical issues during the pricing window as agreed to with Client Operations.

What we value

These skills will help you succeed in this role

• Strong computer competence (Microsoft Applications: Word, Excel).

• Aptitude for math.

• Strong interpersonal skills.

• Strong oral communication skills.

• Ability to multi-task.

• Ability to work under pressure, and within a deadline-oriented environment.

Education & Preferred Qualifications

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

• 0-1 years of related custody and/ or fund accounting experience, accounting, finance, mutual fund operation, loan operations or related careers preferred.

• Strong computer competence (Microsoft Applications: Word, Excel).

• Aptitude for math.

• Strong interpersonal skills.

• Strong oral communication skills.

• Ability to multi-task.

• Ability to work under pressure, and within a deadline-oriented environment.

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 finan