Middle Office – Emerging Lead
State Street
Middle Office – Emerging Lead
State Street
Holds assets for institutions and runs index funds
The Senior Associate will be responsible for executing and overseeing daily accounting and reconciliation activities across investment portfolios, ensuring accuracy, completeness, and timely delivery. The role requires strong analytical capability, operational rigor, and the ability to manage exceptions, risks, and stakeholder expectations within a middle office environment.
Key Responsibilities
1. Reconciliation & Break Management
Perform daily cash, position, and transaction reconciliations across multiple asset classes
Investigate and resolve reconciliation breaks within defined SLAs
Identify root causes and drive permanent resolution of recurring discrepancies
Liaise with custodians, fund administrators, and internal teams to resolve issues
2. Accounting &TMVOversight
SupportIBORaccounting activities including journal entries, accruals, and valuation checks
Review trial balances and assist inTMVvalidation processes
Ensure adherence to accounting standards and internal control frameworks
3. Exception Handling & Risk Control
Monitor exceptions and escalate high-risk items in a timely manner
Ensure compliance with operational risk and control procedures
Participate in audits and provide required documentation and explanations
4. Process Improvement & Automation
Identify opportunities to enhance efficiency and reduce manual intervention
Support automation initiatives and system enhancements
Contribute to standardization and documentation of processes
5. Stakeholder Management
Act as a point of contact for internal stakeholders, clients, and external partners
Provide clear and concise reporting on reconciliation status and key issues
Collaborate with front office, fund accounting, and technology teams
6. Team Contribution
Mentor junior team members and support knowledge sharing
Assist in workload management and ensure timely deliverables
Qualifications & Experience
Bachelor’s degree in Finance, Accounting, or related field (CA/CFA/CPA is a plus)
3to 10years of experience in middle office, fund accounting, or reconciliation roles
Strong understanding of financial instruments (equities, fixed income, derivatives preferred)
Experience with reconciliation tools and accounting systems
Key Skills
Strong analytical and problem-solving skills
High attention to detail and accuracy
Good understanding of financial markets and investment operations
Effective communication and stakeholder management
Ability to work under tight deadlines in a dynamic environment
Preferred Competencies
Knowledge of reconciliation platforms (e.g., TLM, DUCO, IntelliMatch)
Exposure to automation tools (e.g., Alteryx, Python, RPA)
Understanding of regulatory and audit requirements
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. 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. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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Read our CEO Statement
Holds assets for institutions and runs index funds
State Street holds and services investments for pension funds, insurers, fund companies, and other large institutions, and it also runs index funds through State Street Investment Management. It launched the first US-listed exchange-traded fund, the SPDR S&P 500 ETF Trust, in 1993, and in 1924 it became custodian of the first US mutual fund. As a custody bank, it safekeeps clients' stocks and bonds, completes their trades, calculates what their funds are worth, and lends their securities to other investors. It earns fees on the assets it services and manages, plus income from currency trading and from interest on client cash. State Street traces its roots to a bank chartered in 1792 and is based in Boston, Massachusetts.
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