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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

Mid, Senior

Berwyn, PA, USA

Category
Asset Management
Finance & Banking
Required Skills
Communications
Management
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 provides asset management and custody banking services to institutional investors, including mutual funds and pension funds. Its division, State Street Global Advisors, manages investment portfolios and offers advisory services tailored to clients' financial goals. The company distinguishes itself through its commitment to innovation and promoting diversity and inclusion within its workforce. State Street aims to deliver high-quality financial services while fostering a supportive and inclusive culture.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

N/A

Growth & Insights
Headcount

6 month growth

-8%

1 year growth

-8%

2 year growth

-8%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street's strategic acquisitions, such as stakes in BWP Trust and Australian Clinical Labs, indicate robust growth and expansion opportunities.
  • The company's exploration of blockchain-based payment solutions, including stablecoin and token launches, positions it at the forefront of financial technology innovation.
  • State Street's strong leadership team, with recent high-profile appointments, underscores its commitment to maintaining a competitive edge in the industry.

What critics are saying

  • The competitive nature of the financial services industry requires State Street to continuously innovate to maintain its market position.
  • Regulatory challenges and compliance issues, especially with new ventures like stablecoin and token launches, could pose significant risks.

What makes State Street unique

  • State Street's focus on institutional investors, including mutual funds and pension funds, sets it apart from competitors who may target a broader audience.
  • The company's commitment to innovation, such as exploring stablecoin and token launches, demonstrates its forward-thinking approach in the financial services industry.
  • State Street's emphasis on diversity and inclusion, highlighted by initiatives like WomenInFinance, distinguishes it as a leader in fostering a supportive and inclusive workplace.