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.
Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.
Purpose of Role:
State Street’s (STT) Middle Office service is a rapidly growing business globally and in the APAC region. As a result of a new client win, STT is looking to bring on a talented operations business professional to be part of their Portfolio Services Team, responsible for the control and overall health of the data within portfolios that go out to clients.
Be part of a global team on a market leading product that interacts with multiple internal STT parties globally in identifying issues and managing to completion.
Responsible to produce results of daily account review to confirm health of portfolios for trading, billing, client reporting and performance. Under the direction of the Officer/AVP/VP, monitor assigned accounts for issues associated with cash, settlements, ad-hoc processing by performing pre/post cycle reviews. Expected to work independently to identify exceptions and escalate issues once appropriate research has been completed.
The Focus of the job is to monitor daily transactions in assigned accounts and responsibilities. Process clients’ ad-hoc requests. Resolved basic issues and research the more complex problems to consult with manager where clarification or exception to policy/procedures may be required.
Builds cooperative and professional internal/external relationships achieving group and client consensus.
Run automated control checks for allocated book of clients and resolve exceptions to completion
Develop whole portfolio knowledge that will enable efficient issue resolution, working with other teams to achieve the same
Using provided tools, review assigned accounts for issues associated with cash (Overdrafts, reconciliation), positions (trades, other) and transactions. Escalate issues for resolution after research is performed
For assigned accounts process month end close functions (validate and sign-off on balances, review for non-base balances).
Identify data or accounts trends for discussion in group meetings.
Interact with all IMS teams (Accounting, Corporate Actions, Trading, Performance)
Remains familiar with back-up procedures when system applications and/or transmission problems arise.
Covers various functions and desk coverage when necessary.
Provide oversight reports for Audit
Level of Education:
Degree in finance, business, technology or equivalent or relevant industry experience
Previous Level of Experience:
Equivalent to a Bachelor’s degree with business related coursework. B.S. degree in Accounting or Finance preferred.
Minimum 2 year of related operations, custody or fund accounting experience.
Knowledge of security types
Good interpersonal and organizational skills
Good written and verbal communications.
Must be deadline oriented with the ability to provide technical expertise to resolve daily problems
Skills - interpersonal, numerical, problem-solving, analytical, etc.
Good writing and communication
Must be self-motivated, adaptable and show initiative in different circumstances and under pressure
Ability to work well in a team
Flexibility in working outside of your responsibilities and areas of expertise
Excellent analytical skills and ability to analyze
PC literate – Strong Word and Excel skills necessary
Job Opening ID
State Street Job ID: 146206
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