Middle Office, Officer

State Street•Boston, MA

13d

About The Position

State Street AIS provides fund accounting, administration, tax, compliance and middle office trade support services to hedge fund managers. AIS combines its experienced teams of trained financial service professionals with sophisticated software development talent to create a superior trade support infrastructure that features Straight-Through-Processing (STP) and real-time information. The responsibility of the operations group is to support clients by providing trade capture, portfolio pricing, trade confirmation and settlement services. We are looking for a qualified candidate to join our team; growing their acumen for complex financial products and the security settlement lifecyle while working in support of large alternative investment managers trading across diverse strategies.

Requirements

In depth knowledge of some/all of the following products: Equity, Futures, Options, Fixed Income, FX, Derivatives (IRS, CDS, TRS, etc)
Experience interfacing with security valuation agents like Markit PV, BVAL, ICE Data, JPM Pricing Direct
Knowledge of trade order flow, security life-cycle events (settlements, corporate actions), SWIFT messaging and cash wire processing required.
Strong verbal, analytical and written communication skills
Bachelor’s degree
4-6 years of experience

Nice To Haves

Experience with Advent Geneva Platform advantageous

Responsibilities

Intermediate understanding of settlements for equities, fixed income, futures and foreign exchange and derivatives
Process trades
Confirmation of client trades by phone, email or matching platform
Interact on a daily basis with prime brokers and client counterparties
Resolution of trade breaks with client and counterparties
Resolve fails with prime broker and counterparties
Liaise with client regarding ad hoc issues, establish and maintain relationships with client and other external parties: Counterparties, Prime Brokers, etc.
Co-ordinate system enhancements or new requirements on behalf of the team. Responsible for the co-ordination of system testing and sign off
Involved in new client onboarding and initialization of funds.

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.

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