Payment and Settlements Operations, Associate 2 at State Street in Quincy, Massachusetts

Job Description:

The RMCoE Credit Monitoring team performs a centralized first line of defense function. The team evaluates Payment and Settlements which suspend in queue due to insufficient funding or other Risk flags. Risk Monitors identify and escalate transactions to the Business Lines and Enterprise Risk Management (ERM) to obtain details of covering funds and appropriate approvals for release to market.

What you will be responsible for

Analyze and review transactions on a case by case basis, and resolve or escalate as needed

• Ensure all transactions are actioned by market and currency deadlines


• Ensure a full understanding and adherence to Corporate Risk Policy and Standard Operating Procedures


• Participate in self-testing and other related audit requirements


• Support team initiatives, by learning and completing job related functions, thus meeting departmental goals and objectives


• Respond promptly to client queries, and ensure a timely resolution


• Meet accuracy and productivity targets as established by management


• Performs all duties in accordance with prescribed regulatory compliance guidelines


• Identify, escalate and/or report any unusual or potentially suspicious transaction activity in accordance with corporate policy and guidelines

These skills will help you succeed in this role

Bachelor's degree or equivalent business experience

• 1-2 years of experience in the financial industry


• Excellent attention to detail


• Strong analytical skills and risk- oriented mindset


• Ability to work in a fast paced, deadline oriented team environment


• Advanced PC skills


• Excel Visual Basic Application skills (preferred but not required)


• Payment and Settlement experience preferable


• Strong written and verbal communication skills


• Ability to multitask, ensure accuracy and execute against pre-determined deadlines

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.