Core Operations, Senior Associate
About The Position
We seek a Senior Associate to join the Investable Cash - Cash Sweep Support team. The primary responsibilities include onboarding new accounts and products to the Cash Sweep Application, conducting daily control reviews of sweep investment packages, and ensuring accurate processing of omnibus transactions with money market fund managers. The role requires maintaining and verifying daily transaction postings in our shareholder system and trade portal, Fund Connect. The Senior Associate will also provide coverage for sweep investment processing and act as backup for the daily manager as needed. Strong reconciliation skills, proficiency in custody, accounting, and effective communication are essential. The ability to operate in a time-sensitive environment and assess risk on high-value transactions is critical. This team is part of State Street Global Delivery, which provides asset owners and managers with essential financial tools for effective investment solutions. Our services span custody, accounting, fund administration, shareholder recordkeeping, and operations for alternative assets. Joining this team offers the opportunity to make an immediate impact in the financial services industry.
Requirements
- Excellent verbal and written communication skills
- Strong custody, cash, and reconciliation expertise
- Proficiency in MCH custody functions, and wire systems
- Ability to work effectively in a time-critical environment
- Experience with Cash Projector and Cash Sweep Applications
- Minimum 3 years in custody/cash-related roles
- Knowledge of Cash Sweep, Hogan, VMW, MCH custody functionality, ETD, Fund Connect
- Bachelor's degree in Business Management or equivalent preferred
Responsibilities
- Support client service and operational teams in onboarding new client cash sweep applications
- Perform daily control reviews to ensure accuracy and timeliness of sweep investment packages
- Assist both onshore and offshore teams in daily sweep investment coverage and shareholder system maintenance
- Resolve inquiries from internal customers and operational support teams
- Reconcile and resolve daily cash and share position breaks
- Assist management with month-end processing and audit deliverables
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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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
