Why this role is important to us

The team you will be joining is a part of our State Street Alternatives operation. We are a recognized industry-leading provider of fund accounting, fund administration and risk services to alternative investment fund managers. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

We're focused on hiring and developing the most talented people in the industry. We look for employees with diverse backgrounds and perspectives who will thrive in an entrepreneurial culture and contribute to our long-term success.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Registration Services Senior Associate, you will:

Responsible for managing fund of funds trade document management process, audit support and client service. Participate in various projects both client facing and internal.

Account for the day-to-day management of team members and the maintenance of assigned activities, allocate and coordinate resources and handle personnel related issues. Deliver the highest quality of client service and ensure appropriate KPIs are in place and understood.

Review and assist staff with month-end fund of funds trading, review trade packages and assist in resolving trade package related queries, audits and other ad hoc financial reports as required.

Assist in management and development of strong client relationships relative to Registration Services component. Manage client inquiries and act as escalation point for clients. Review and lead onboarding, conversions, and client change activities, ensure successful implementation and manages expectations. Participate in client meetings, presentations and conferences.

Produce KPIs for functional team and perform first level review. Act as the escalation point for operational issues, providing technical expertise as needed. Track outstanding queries and issues; be detail oriented and prioritize effectively. Ensure queries are being managed in a timely and positive manner.

Ensure all activities are completed in line with internal standards and review as required; ensure appropriate policies and procedures are in place and adhered to by the functional team. Create continuous improvement forums enabling teams and peer groups to identify and recommend opportunities.

Deliver key messages and communication effectively to ensure understanding and staff engagement. Develop, engage and retain an industry leading workforce using all available resources. Promote a collaborative environment across businesses and jurisdictions fostering change and innovation; always demonstrate a positive attitude to all instructed business related changes.

Build and maintain positive working relationships with colleagues in all locations

Prepare and assist with internal reporting activities( risk\compliance, etc).Exercise discretion and judgment with regard to matters of significance such as identifying and implementing process improvements and driving project work to achieve efficiencies.

Ensure self and team anticipates, monitors, actively manages and reports all risk and compliance issues, breaches and suspicious activities.

Act in accordance with Risk Excellence and role model Ethical behavior and decision making as part of our Way Ahead foundation.

Perform other duties as required.

Education & Preferred Qualifications

Proficient with a Bachelor’s degree with a focus in related field preferred
3-5 years of related experience in transfer agency, fund of funds or fund accounting.
Proficient in email management and Knowledge of Private Equity funds would be an asset

Additional requirements

Knowledge of Hedge Fund Products including Fund of Hedge Funds
Exposure to hedge fund audits, Fund of Funds trading process, pricing, corporate action, cash/position reconciliations ,side-pockets, and fee calculation
Fund of Funds trading documents such as subscription document, redemption document and transfers forms knowledge is an advantage
Knowledge of Private Equity funds would be an asset
Strong fund of funds trading documents knowledge a plus especially subscription, redemptions, transfers, proxy, corporate action
Strong understanding of Transfer Agency, Custody and Regulatory background to Funds Industry.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:

$51,000 - $84,000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

About State Street

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.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

About the company

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.

Company Size

10,001+

Company Stage

IPO

Headquarters

Boston, Massachusetts

Founded

1792

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Simplify's Take

What believers are saying

Fees, not lending, drive results: fees were 79% of revenue and grew 17% in the June 2026 quarter.
Equity has gained value: shares rose 36% from January to October 2026, beating custody rival Northern Trust's 23%.
Tech roles lead hiring: 477 of State Street's 1,133 open jobs in October 2026 were in information technology.

What critics are saying

Cuts continue despite record revenue: State Street booked $190 million in layoff charges from October 2025 to March 2026.
Its closest rival is more profitable: BNY kept 40% of mid-2026 revenue as pre-tax profit, versus State Street's 34%.
Legal risk lingers: Vanguard paid $29.5 million in March 2026 to exit an 11-state coal antitrust suit State Street fights.

What makes State Street unique

It doubles as a fund giant: it managed $6.3 trillion in June 2026, nearly triple custody rival BNY's $2.2 trillion.
Rival fund firms run on its back office: it services over 3,000 ETFs, about 39% of global ETF assets.
Fund managers trade through its software: it bought trading-system maker Charles River for $2.6 billion in 2018.

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Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Flexible Work Hours
Remote Work Options
Professional Development Budget
Tuition Reimbursement
Paid Holidays
Employee Referral Bonus

Growth & Insights and Company News

6 month growth

1 year growth

2 year growth

The Business Journals

Oct 27th, 2026

State Street backs Texas Stock Exchange as capital tops $440M

State Street has invested in the Texas Stock Exchange (TXSE), lifting the exchange's total capital to $440 million. The financial giant joins a list of big-name backers. TXSE is stepping up listing activity as it challenges the New York Stock Exchange and Nasdaq.

Kalkine Media

Oct 27th, 2026

State Street takes 5.15% voting stake in Mesoblast, holding 66,995,252 shares

State Street Corporation and its subsidiaries became a substantial shareholder in Mesoblast Limited on October 23, 2026. They hold a relevant interest in 66,995,252 ordinary shares, equal to 5.15% of voting power. The Form 603 initial substantial holding notice was filed on October 27, 2026, under Section 671B of the Corporations Act 2001. The interests are spread across several State Street entities, including State Street Global Advisors Australia Limited and State Street Bank and Trust Company. Most arise from investment manager and trustee powers over voting and disposal of shares. The bank's interest stems from securities lending arrangements. Registered holders named in the filing include Citibank NA, CalSTRS, and the Teacher Retirement System of Texas.

Yahoo Finance

Oct 18th, 2026

State Street Q3 profit per share jumps 33% to $3.69 as revenue hits $4B

State Street reported a 33% year-over-year rise in third-quarter per-share earnings to $3.69. Total revenue grew 13% to $4 billion, the company said on its October 14, 2026 earnings call. Net interest income rose 21% to $864 million, driven by a wider net interest margin and higher average interest-earning assets. State Street expects over 500 basis points of positive operating leverage in 2026. The bank won a servicing mandate from one of the largest US registered investment advisors, pairing its front-office software with custody services. Alternative asset servicing fees grew at a double-digit rate. Assets under custody and administration reached a record $59.2 trillion.

SaasRise

Oct 17th, 2026

AI cloud-spending split deepens divide between funded SaaS leaders and cash-strapped players.

AI cloud-spending split deepens divide between funded SaaS leaders and cash-strapped players. SaasRise - Oct 17, 2026 New data shows a widening gap as large SaaS providers pour record dollars into AI-driven features, while indie hackers and mid-market firms scramble with limited cash and risky infrastructure choices. The split threatens expansion revenue for the stretched and accelerates moats for the funded. Why it matters. The AI cloud-spending divide creates a two-tier SaaS market. Funded players can accelerate AI-driven product development, lock in expansion revenue, and build defensible moats that attract premium valuations. Meanwhile, cash-strapped firms risk stagnation, higher churn, and reduced competitive relevance. For operators, the split forces a strategic choice: double-down on AI spend and secure financing, or double-down on lean, product-led growth and avoid costly infrastructure missteps. Investors must recalibrate risk models, weighting AI spend efficiency and cash runway more heavily than ever. Long-term, the split could catalyze consolidation. Larger SaaS platforms may acquire niche AI-focused startups to fill feature gaps, while smaller firms might spin out AI-lite modules to remain viable. The pressure on mid-market SaaS to either secure deep funding or adopt ultra-efficient cloud stacks will shape the next wave of category creation and competitive moats in the industry. Key points. * State Street's SaaS platform revenue rose 5% YoY to $175 M; software ARR grew 8% to $442 M. * Indie hackers: only 8-10% clear $10K MRR; median lifetime earnings near zero. * Phillip Merrick (pgEdge) warned that mis-chosen databases can force costly re-engineering for AI workloads. * John Turner Jr. (Regions Financial) noted slowing activity due to rising costs and economics challenges. * AI-focused sessions at TechCrunch Disrupt 2026 signal strong enterprise demand for AI-native infrastructure. Analysis. The emerging AI spend bifurcation mirrors past technology cycles where early adopters reap outsized returns while laggards fall behind. In the early 2010s, cloud-first firms that secured large credit lines could lock in discounted compute, creating cost advantages that persisted for years. Today, AI-native infrastructure is the new commodity, and the capital intensity is even higher. Companies like State Street, with $4 B in total revenue, can absorb the premium on GPU instances and still post double-digit ARR growth. Their ability to bundle AI features into existing SaaS contracts translates into higher net-retention and cross-sell opportunities, reinforcing a virtuous cycle of growth and valuation uplift. For the stretched cohort, the challenge is twofold. First, the cost curve for AI services is steep; without deep pockets, a modest increase in cloud spend can erode margins dramatically. Second, the technical debt of choosing the wrong database or monitoring stack compounds the problem, as Merrick and Ramachandran both highlight. The result is a higher likelihood of performance incidents, customer churn, and ultimately, a weaker competitive moat. Some mid-market firms may attempt to mitigate this by leveraging outsourced finance platforms - K-38 Consulting's guide shows a growing market for fractional CFOs that can help align spend with revenue forecasts. However, such services are a stop-gap, not a substitute for the scale needed to fund AI-heavy roadmaps. Strategically, the split creates a clear incentive for consolidation. Larger SaaS players will likely target niche AI-focused startups that have built specialized models but lack the infrastructure budget to scale. Acquisitions can instantly bolt AI capabilities onto robust, well-funded platforms, preserving the latter's growth trajectory while giving the acquired startup a runway. Conversely, cash-strapped firms may spin off AI-lite modules or pursue partnership models that share infrastructure costs. The net effect will be a more polarized SaaS ecosystem, where capital intensity becomes a primary determinant of market leadership. In the near term, operators should audit their AI spend against unit economics, prioritize telemetry that can surface intermittent performance issues, and consider fractional finance partners to keep runway intact. Investors, meanwhile, will need to sharpen diligence around AI cost structures, looking beyond headline ARR growth to the underlying cloud spend efficiency. The AI cloud-spending split is not just a budgeting issue - it is reshaping the competitive architecture of SaaS for the next decade.

Kalkine

Oct 15th, 2026

State Street prices $750M senior notes due 2037 with 5.963% fixed coupon

State Street Corporation priced a $750 million offering of fixed-to-floating rate senior notes due 2037, according to a filing on October 15, 2026. Settlement is expected on October 20, 2026. The notes pay a fixed 5.963% coupon, semi-annually, until October 20, 2036. After that, the rate becomes daily compounded SOFR plus 122 basis points. The issue price is 100% of principal, 88 basis points above the benchmark Treasury. State Street may redeem the notes in whole on October 20, 2036. Expected ratings are Aa3 from Moody's, A from S&P, and AA- from Fitch. Goldman Sachs, Morgan Stanley, Scotia Capital, and TD Securities are the joint book-running managers.

State Street

Registration Services Senior Associate

About the job