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State Street

Holds assets for institutions and runs index funds

Alternative Ops Fund Accounting - Assistant Vice President

Financial AccountingConfirmed live in the last 24 hours
Full-timeNo salary listedIn-person

About the Job

Requirements

  • Seven to ten years of alternatives or complex fund operations experience.
  • Demonstrated ownership of end-to-end processes and operational risk management.
  • Proven experience managing large teams, including multiple Officers.
  • Strong organizational management capability.

Responsibilities

  • Own business-as-usual delivery across multiple funds, teams, and processes.
  • Manage operational risk, service quality, and control effectiveness.
  • Act as First Line of Defense owner, ensuring risks arising from processes, people, and systems are identified and mitigated.
  • Embed Risk Excellence principles into daily operations, decisions, and escalation practices.
  • Lead and develop large teams, including multiple Officers and senior staff.
  • Drive workforce planning, capacity management, and succession planning.
  • Establish operating rhythms, escalation models, and governance forums.
  • Ensure consistent application of policies, procedures, and controls.
  • Partner with Risk, Compliance, and Audit teams to remediate issues and findings.
  • Support transformation and operating-model improvements with appropriate risk assessment.

Desired Qualifications

  • Preferred experience and strong working knowledge of Geneva and Investran.

About the Company

State Street

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.

Company size
10,001+
Company stage
IPO
Headquarters
Boston, MA
Founded
1792

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