Middle Office Transitions (Alpha Portfolio Services), Senior Associate at State Street in Sacramento, California

Job Description:

Who we are looking for

The position will support and maintain the production processing of multiple client’s

New Accounts, Transfers, Terminations, Maintenance setup and or changes. The position will interface daily with the client’s front office management and act as a subject matter expert and escalation point. Position has daily Client SLA’s (Service Level Agreements) and must ensure the team meets internal deadlines in order for the client to trade on time.

Position will interact and provide support to numerous teams and departments within the organization, including Portfolio Services, Trade Settlement, Performance, Reconciliation and others, and act as a subject matter expert for T3. The position will also liaise with external custodians. Builds cooperative and professional internal/external relationships and utilizes all available resources throughout the organization to achieve company, team, and client goals.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. 

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 Alpha Account Services Specialist - Officer you will be responsible for the following:

• Oversee the day to day responsibilities of the team by developing a strong risk management and controlled environment. Eliminate risk incidents and inadvertent data disclosures. Take a lead role in any internal or external audits.




• Confirm the completion of the review and verification of the staff's work on a daily basis, enforcing stringent procedures and controls. Assist in the review and verification process as needed. Ensure documentation protocols are followed.




• Act as instructed by client. Conduct high-level analysis in specific areas of expertise, identify and resolve work-processing issues, make suggestions to streamline operations and implement.




• Perform a team lead function. Act as a subject matter expert and provide guidance to other employees; including training for new team members, and cross training for existing team members.




• Take active role in new employee onboarding. Ensure adequate access is set up for new employees and assist in the development of a training schedule.




• Research complex issues and inquiries.




• Resolve discrepancies and take action on complex and escalated matters from external clients and internal departments.




• Approve documented workflow, procedures and controls. Ensure documented procedures and checklists are maintained and up to date.




• Determine impact of activity to other areas.




• Make proactive recommendations and solutions for problem resolution.




• Interface with senior level internal and external clients and other departments on complex matters and inquiries.




• Ad-hoc reporting, including daily, weekly and monthly metrics.




• Engage in complex special projects and assignments including new client onboardings.

What we value

These skills will help you succeed in this role

• Critical thinking, problem solving, and decision making skills.




• Ability to work an extremely flexible work schedule.




• Working on projects in multiple locations.




• Knowledge of financial instruments (e.g. equities, options, swaps).

Education & Preferred Qualifications

• Bachelor's degree with emphasis in finance, accounting, or economics or equivalent work experience in finance or accounting.
• 3-4 plus years related industry experience including 2 years of operational experience.

• Working knowledge of Domestic and International financial and all related instruments.

• Detailed understanding of operations.
• Strong leadership and attention to detail.

• Ability to develop business relationships within and outside the organization.

• Excellent interpersonal, communication, organizational and problems solving skills. 
• Ability to multi-task, balance workload and work in a deadline oriented position.

• Ability to meet aggressive SLA (Service Level Agreement) Deadlines and work extremely flexible hours with late evenings. The team has a second location in California and requires late evening coordination on East Coast Time. This Late Evening work can be done in a WFH capacity.

• Computer proficient including spreadsheet and database applications, namely Microsoft Excel/Access with ability to read/write VBA, Macros, & utilize V Lookup.

Additional requirements

No overnight travel required. WFH/Local Office Split.

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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: