Alternative Investment Services Bank Loans Operations , Officer

State Street•Quincy, MA

About The Position

This role is important to the organization's overall success, as institutional investors globally rely on State Street to help them manage risk, respond to challenges, and drive performance and profitability. The team contributes to navigating employees and the organization, striving for cutting-edge, straightforward, and scalable solutions to build resilience and execute day-to-day deliverables at their best. This is an opportunity to make a mark in the financial services industry from day one.

Requirements

Knowledge of securities language and legal requirements.
Good interpersonal, organizational and management skills.
Solid understanding of operational functions within Custody and/or Fund Accounting.
Ability to provide technical expertise to resolve daily problems.
Demonstrated computer proficiency and working knowledge of various software applications.
Ability to develop and enhance client relationships.
Equivalent to a BS degree in Finance, Business or related field.
At least 5 years of related Custody and/or Fund Accounting experience, part of which must have been in a management or supervisory capacity.

Responsibilities

Account for the day-to-day management of a functional team(s) and manage daily service delivery and production activities performed by staff
Primary contact and key escalation point for operational issues, provide technical expertise to resolve daily problems
Manage and escalate issues related CoE’s and other Shared Services
Manage production activities of Shared Service Associate I, II and Senior Associate
Coordinate the implementation of new funds, systems and processes.
Assist with client conversions and other client projects
Organize Shared Service internal meetings, as needed, and compiles related documentation, assisting with the coordination and development of the agenda and may attend meetings to record notes and action items
Identify and implement consistent operational best practices
Assist with compliance/fiduciary reviews and audits
Train, develop and motivate new staff, complete performance appraisals
Provide coaching and development opportunities to staff, participate in individual on-going training and development
Serve on committees. Help define and implement new company initiatives
During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
Other duties as assigned

Benefits

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
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks