Pricing Specialist, Associate 2

State Street•Toronto, ON

About The Position

Securities Valuation is a centralized unit supporting several business units, broken out into Fund Level Pricing and Asset Pricing. The Pricing Specialist is responsible for administering the execution of daily market valuations for various clients in accordance with each client’s Price Source Authorization (“PSA”) agreement, standing instructions, and market best practices. Accuracy, timeliness, organization and maintenance of documentation are important to this position. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world, making its mark on the financial services industry through technology and product innovation. For over two centuries, State Street has helped clients safeguard and steward investments, providing investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. Institutional investors globally rely on State Street to manage risk, respond to challenges, and drive performance and profitability. The company keeps its clients at the heart of everything it does, recognizing that smart, engaged employees are essential to its continued success. State Street is committed to fostering an environment where every employee feels valued and empowered to reach their full potential.

Requirements

College or university designation preferably with a concentration in finance/business/accounting or equivalent work experience
0- 2 years experience in securities pricing, fund accounting, or custody operations / securities administration
Knowledge of capital markets and complex securities
Demonstrate the ability to analyze a problem, obtain and evaluate information and reach sound conclusions
Must demonstrate the ability to work as a team player
Excellent communication and interpersonal skills
Proficient in spreadsheet and database applications such as EXCEL and ACCESS
Solid administration, organizational and time management skills

Nice To Haves

Completion of the Canadian Securities Course and/or Derivatives Fundamentals Course is an asset
Knowledge of Bloomberg and/or Reuters terminals an asset

Responsibilities

Preparation and delivery of valuation reports to internal and external clients and/or their agents in a timely manner.
Adhere to, promote, and educate others on the use of department procedures with respect to the review and approval of portfolio market values.
Propose changes to procedures to management with a focus of reducing risk, manual inputs, and increasing efficiencies.
Ensure the receipt of all pricing feeds, broker quotes, back-up pricing sources and other relevant data on a daily basis.
Identify, research, and resolve prices breaking set tolerance levels.
Review and approve pricing packages/checklists with a focus on accuracy, detail, audit trail, and timeliness.
Perform and review global pricing tasks in a continuous operations environment.
Identify, communicate, and resolve fair value situations.
Escalate issues to management and/or clients as required.
Function as a “team-player”.
Work with peers and achieve group/client/unit goals.
Train and mentor new investment valuation coordinators.
Continuously expand and improve knowledge of financial instruments, corporate actions, and best valuation practices.
Maintain proper documentation and back-up for audit purposes.
Participate in and contribute to unit project initiatives.
Provide outstanding client service to both internal and external clients.