Core Operations Associate 2

State Street • Quincy, MA

1d

About The Position

As an Operation Specialist, Associate 2, you will interact internally with Global Delivery teams, Client Operations teams, business unit Shared Service teams and Joint Venture operations teams to complete applicable day-to-day activities, relating to the overall processing for assigned clients and portfolios. Overall Responsibilities: Reviews and validates all daily activity in an accurate and timely manner, and maintains all required controls to ensure overall accuracy Performs the necessary due diligence to ensure all pricing sources are reviewed, analyzed and compared/contrasted before relevant information is released to Fund Accounting and the client. Works in conjunction with individuals on the team as well as other shared services/COEs and Client Operations to ensure seamless pricing valuations according to the fund’s policies Supports the research and resolution process for exceptions and inquiries Monitors and identifies halted/suspended domestic and international securities and notifies the Senior Specialists, Fund Accounting and the client appropriately with detailed information Provides information needed to prepare financial statements and reports for client, shareholder, director and management reports, in an accurate and timely manner Reviews corporate actions Performs in depth research and analytics on security price movements and fluctuations in foreign currency outside established tolerance levels. Research includes, but is not limited to, analyzing index movements, accessing relevant news items that may pertain to a specific market, region, sector and/or issuer, and/or contacting the broker/dealer community and or client for additional insight Supports and assists supervisors with special projects and fielding questions and requests from Fund Accounting, auditors and the client. Reviews specialist work/output to ensure the necessary due diligence is performed. Remains familiar with back-up procedures when system applications and/or transmission problems arise Maintains records in support of audits May perform other duties as requested Security Valuation Specific Responsibilities Retrieves and monitors availability of prices for designated portfolios Gathers appropriate backup, maintain spreadsheets, contact brokers, and print various exception reports to support the pricing process Interacts with third parties as necessary Interacts with clients in a limited capacity for time critical issues during the pricing window as agreed to with Client Operations

Requirements

• Bachelor’s degree with business related coursework or B.S. degree in Accounting or Finance preferred.
• 0-1 years of related custody and/ or fund accounting experience, accounting, finance, mutual fund operation, loan operations or related careers preferred.
• Strong computer competence (Microsoft Applications: Word, Excel)
• Aptitude for math
• Strong interpersonal skills
• Strong oral communication skills
• Ability to multi-task
• Ability to work under pressure, and within a deadline oriented environment

Responsibilities

• Reviews and validates all daily activity in an accurate and timely manner, and maintains all required controls to ensure overall accuracy
• Performs the necessary due diligence to ensure all pricing sources are reviewed, analyzed and compared/contrasted before relevant information is released to Fund Accounting and the client.
• Works in conjunction with individuals on the team as well as other shared services/COEs and Client Operations to ensure seamless pricing valuations according to the fund’s policies
• Supports the research and resolution process for exceptions and inquiries
• Monitors and identifies halted/suspended domestic and international securities and notifies the Senior Specialists, Fund Accounting and the client appropriately with detailed information
• Provides information needed to prepare financial statements and reports for client, shareholder, director and management reports, in an accurate and timely manner
• Reviews corporate actions
• Performs in depth research and analytics on security price movements and fluctuations in foreign currency outside established tolerance levels.
• Supports and assists supervisors with special projects and fielding questions and requests from Fund Accounting, auditors and the client.
• Reviews specialist work/output to ensure the necessary due diligence is performed.
• Remains familiar with back-up procedures when system applications and/or transmission problems arise
• Maintains records in support of audits
• May perform other duties as requested
• Retrieves and monitors availability of prices for designated portfolios
• Gathers appropriate backup, maintain spreadsheets, contact brokers, and print various exception reports to support the pricing process
• Interacts with third parties as necessary
• Interacts with clients in a limited capacity for time critical issues during the pricing window as agreed to with Client Operations

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level