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Global Delivery Middle Office, Senior Associate
$52,000 - $75,400/Yr
2006 SSB&T CO - CANADA - Quincy, MA
posted about 2 months ago
Full-time - Mid Level
Quincy, MA
About the position
The Senior Associate position in Middle Office operations at State Street involves managing high-risk processes across international markets, focusing on trade management, derivatives, and asset valuations. The role is crucial for providing clients with essential financial tools and services, ensuring effective investment solutions and operational efficiency.
Responsibilities
- Join the middle office operations group team and assist in providing clients with portfolio pricing, trade allocation, confirmation, correction and settlement, prime broker interfaces, repo processing and cash management.
- Perform middle office activities for a range of products including domestic and international (including emerging markets) equity, FX, fixed income, and derivative products.
- Provide daily support for client investment accounts by processing daily subscriptions/redemptions, identifying transaction costs associated, and ensuring that statements accurately reflect capital activity.
- Contribute to ongoing process improvement initiatives to add further control and organization around the trade life-cycle.
- Assist in developing the operations team through cross-training.
- Provide periodic control summaries for management review.
- Engage in project work, including Robotics/Automation.
- Resolve daily escalations.
Requirements
- B.S. degree in accounting or Finance preferred.
- Minimum 2 years of Middle Office, Back office and/or Front Office support experience.
- Understanding of trade lifecycle mechanics preferred.
- Knowledge of securities language preferred.
- Experience around custody/accounting systems preferred.
- Strong written and verbal communication ability.
Nice-to-haves
- Strong critical thinking, problem solving, and decision-making skills.
- Ability to manage team members across multiple sites.
- Prioritize potential issues and escalate as necessary.
- Subject matter expert within the corporate action space.
Benefits
- Generous medical care and insurance plans.
- Savings plans.
- Flexible Work Programs.
- Development programs and educational support.
- Paid volunteer days.
- Matching gift programs.
