Alternative Investment Services Core Operations Associate 2

State Street•Quincy, MA

About The Position

We are looking for a Senior Associate Position for our Quincy location to service Private Equity Clients for our Custody division of our Alterative Investment Solutions Group. They will partner with both clients and colleagues to establish the workflow and ensure client reporting is updated daily. They will be responsible for delivering reporting and day-to-day support for our clients. Why this role is important to us The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration, Custody, and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements. Join us if making your mark in the alternative investment industry from day one is a challenge you are up for. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Requirements

Strong critical thinking, problem solving, and decision making skills
Excellent administrative and organizational skills
Ability to multi task and work efficiently to meet client deliverables.
Bachelor’s degree or equal job experience
0-3 years of custody experience
Working knowledge of financial products
Excellent computer skills
Superior communication skills
Ability to work in a fast paced, demanding environment
Exceptional interpersonal & communication skills
Experience with Custody Cash
The ideal candidate will be a well-organized detailed oriented, analytical individual with exceptional interpersonal and communication skills.
Candidates must demonstrate the ability to simultaneously handle multiple assignments and pressure while working efficiently to meet client deliverables

Responsibilities

Manage daily process for all applicable clients
Review aged failing trades and expedite resolution
Interact with client counterparties on material issues
Interact with client to evaluate services
Implement system requirements for new products and processes
Assess and implement improvements in process
Review end of day management reports
During the course of normal day to day operation, 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

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.

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