Core Operations, Associate 2 at State Street in Boston, Massachusetts

Job Description:

Who we are looking for

Responsible for Middle Office operations. Will need to manage high risk processes that span international markets. Focus will mainly be around middle office trade management, derivatives and asset valuations. Ideal candidate has varied experience across middle office functions.

Why this role is important to us

The team you will be joining is a part of State Street Global Delivery (SSGD). SSGD 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, SSGD' 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 an Associate

• Join the middle office operations group team and assist in providing clients with portfolio pricing, trade allocation, confirmation, correction and settlement, prime broker interfaces, repo processing and cash management.


• Perform middle office activities for a range of products including domestic and international (including emerging markets) equity, FX, fixed income, and derivative products.


• Provide daily support for client investment accounts by processing daily subscriptions/redemptions, identifying transaction cost associated, and ensuring that statements accurately reflect capital activity.


• Contribute to on-going process improvement initiatives to add further control and organization around the trade life-cycle.


• Assist in developing the operations team through cross-training.


• Provide periodic control summaries for management review.


• Meeting of Corporate Obligations


• Project work, inclusive of Robotics/Automation


• Daily escalation resolution

These skills will help you succeed in this role

• strong critical thinking, problem solving, and decision-making skills


• ability to manage team members across multiple sites


• prioritize potential issues and escalate


• subject matter expert within the corporate action space

• B.S. degree in accounting or Finance preferred


• Minimum 2 years of Middle Office, Back office and/or Front Office support experience.


• Trade lifecycle mechanics understanding preferred


• Knowledge of securities language preferred


• Experience around custody/accounting systems preferred


• Strong written and verbal communication ability

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 Range:
$41,600 - $60,320 Annual

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.