Account Opening Oversight Analyst, Officer - State Street Investment Management

State Street • Boston, MA

8d • $60,000 - $101,250

About The Position

State Street Investment Management’s (“State Street IM”) Global Funds Management (“GFM”) team drives sound fund oversight programs across the firm’s funds and services. GFM’s Account Opening & Maintenance Team (“AOM”) needs an AOM Oversight Analyst who will be responsible for managing the account opening, maintenance, and renewals processes for State Street IM’s funds in various country markets for trading. Key responsibilities include, though not limited to: Complete country-specific requirements to open sub-accounts in foreign markets while adhering to each market’s regulatory requirements. Awareness and understanding of State Street IM’s fund launches and initiatives that drive the need for new or updates to existing sub-accounts. Be the “sub-account” expert to internal business partners by communicating various market requirements and sub-account opening timelines in support of SSIM’s global strategy. Manage ad-hoc sub-account maintenance tasks such as renewals, fund name changes, etc. Respond to foreign regulator requests, questions and on-going changes to requirements, including beneficial ownership validation, reporting, and account reviews. Collaborate with State Street IM’s custodian on all account opening and maintenance requests and monitor that service levels meet expectations. Create and maintain procedures making sure there’s alignment with internal governance, business controls and risk tolerance, including regular procedure reviews to identify gaps, opportunities for improvement and/or automation.

Requirements

• Bachelor’s degree and 5-7 years of experience in the securities, financial services industry, or investment operations.
• Knowledge of 40 Act ETFs and Mutual Funds, Collective Investment Trusts and Common Trust Funds.
• Self-starter with exemplary time management skills, extreme attention to detail and ability to manage multiple priorities and deadlines on a regular basis.
• High level of personal and professional integrity and sound judgment, with a keen focus on creating and following procedures, documentation, and internal governance.
• Strong written and verbal communication skills and ability to effectively communicate across all levels.
• Working knowledge of Excel and Word.

Nice To Haves

• SICAV and UCITs experience is helpful.

Responsibilities

• Complete country-specific requirements to open sub-accounts in foreign markets while adhering to each market’s regulatory requirements.
• Awareness and understanding of State Street IM’s fund launches and initiatives that drive the need for new or updates to existing sub-accounts.
• Be the “sub-account” expert to internal business partners by communicating various market requirements and sub-account opening timelines in support of SSIM’s global strategy.
• Manage ad-hoc sub-account maintenance tasks such as renewals, fund name changes, etc.
• Respond to foreign regulator requests, questions and on-going changes to requirements, including beneficial ownership validation, reporting, and account reviews.
• Collaborate with State Street IM’s custodian on all account opening and maintenance requests and monitor that service levels meet expectations.
• Create and maintain procedures making sure there’s alignment with internal governance, business controls and risk tolerance, including regular procedure reviews to identify gaps, opportunities for improvement and/or automation.

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
• For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
• As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees