Full-Time

Middle Office Transaction Management

Officer

Confirmed live in the last 24 hours

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$70k - $107.5kAnnually

Junior, Mid

Company Historically Provides H1B Sponsorship

Berwyn, PA, USA

Category
Asset Management
Finance & Banking
Requirements
  • Bachelor’s Degree or its equivalent in Finance, Accounting, Business or related field
  • Two or more years of management experience, preferably in a financial services organization much of which must have been in a management or supervisory capacity
  • Demonstrated managerial, leadership and decision making abilities
  • Knowledge of all products services and processes
  • Working knowledge of financial securities markets, language and products as well as legal and regulatory requirements
  • Detailed knowledge of Investment Instruments such as: Equity, Fixed Income, Foreign Exchange, Exchange Traded Derivatives, Liquidity
  • Excellent communications, organization, interpersonal planning, and analytical skills
Responsibilities
  • Responsible for the direction and training activities of the staff.
  • Conducts periodic performance reviews; provides ongoing counsel, training, development and motivation.
  • Participates in the hiring, salary, promotional and termination recommendation process.
  • Manages the day-to-day activities and controls and monitors the decisions of the staff to ensure consistency of policies adherence to procedures and compatibility of services to clients.
  • Serves as lead for operations in client presentations or for projects that impact operations.
  • Proposes and works to implement workflow changes and supporting technical solutions leading to improved productivity and profitability.
  • Keeps abreast of regulatory compliance and developments for the assigned area and apprises staff as necessary. Recommends procedural changes as needed to support prescribed requirements and risk mitigation.
  • Represent the corporation by serving on the internal and external committees and industry associations.
  • Ensure that a robust control environment is created and maintained for all groups.
  • Evaluate current operational and technical infrastructure and define strategic direction for development and change; including opportunities for efficiency and quality improvements.
  • Understand current service offering related to market requirements and define and recommend service changes as appropriate
  • Drive execution of internal projects and divisional goals related to the operations & client service departments
  • Execute overall business plan in assigned areas.
  • Set and monitor departmental productivity, efficiency and quality measures.
  • Assess measure and manage risk exposure as part of standardized business practices; immediately address and escalate issues, as appropriate, to sustain strong financial performance.
  • Creates and manages relationships with key contacts in departments that interact with the operations assuring they are satisfied with their level of service

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, and utilizes its global network and expertise to deliver customized financial solutions. State Street generates revenue from management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Additionally, it is recognized for its commitment to leadership and diversity, promoting a culture that supports employee growth and inclusion.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1792

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street benefits from the growing demand for ESG-integrated investment strategies.
  • The rise of digital assets offers new growth opportunities for State Street's custody services.
  • Expansion in passive investing and ETFs provides market share opportunities for State Street.

What critics are saying

  • Increased competition from firms like BlackRock and Vanguard may impact State Street's growth.
  • Geopolitical tensions in expansion regions could affect State Street's operations and profitability.
  • The rise of fintech companies poses a threat to State Street's traditional business model.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to diversity and inclusion in its operations and leadership.
  • State Street leverages advanced technologies for data analytics and investment management.

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