Alternative Operations - Fund Accounting, Vice President
About the job
- At least 10 years of Private Markets or complex operations experience.
- Deep expertise across Private Equity, Private Credit, and Real Estate.
- Proven experience making enterprise-level staffing, organizational, and risk ownership decisions.
- Demonstrated leadership of managers and large organizations.
- A degree in Accounting, Finance, or a related field.
- Act as the organizational decision-maker for Alternatives NAV operations.
- Define and approve staffing strategies and hiring initiatives.
- Set and approve the target operating model and organizational structure within the firm’s risk appetite.
- Own First Line of Defense risk accountability for Alternatives NAV.
- Establish and reinforce a strong Risk Excellence culture.
- Provide senior oversight of audit, regulatory, and risk outcomes.
- Chair governance forums for delivery, resourcing, performance, and risk management.
- Engage with Enterprise Risk Management, Compliance, and Audit as a senior business representative.
- Drive strategic transformation initiatives with appropriate risk governance.
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
Get referred to State Street
See people who can refer or advise you
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.
Help us improve and share your feedback! Did you find this helpful?
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
-8%1 year growth
-8%2 year growth
-8%State Street shares fell about 7% at market open on October 14, 2026, after the company reported third-quarter revenue of $4.00 billion, below the roughly $4.03 billion analysts expected. Shares opened at about $161.90, down roughly $12.20 from the previous close. Fee revenue of about $3.14 billion also missed the estimated $3.18 billion. Law firm Levi & Korsinsky, through its SueWallSt service, has opened an investigation into whether State Street adequately disclosed fee-revenue trends before the report. It is also examining whether shareholders may have claims for potential securities law violations.
State Street (NYSE:STT) reports third-quarter earnings on Wednesday before the bell. Analysts expect revenue to grow 13.9% year on year, up from 8.8% in the same quarter last year. Last quarter, the financial services company posted revenue of $4.05 billion, up 16.7% and above analyst estimates. It also beat expectations for assets under management and earnings per share. Analysts have largely held their estimates over the past 30 days. Peers Jefferies and FactSet have already reported, with revenue up 8.5% and 6.3% respectively, both ahead of forecasts. State Street shares are down 7% over the past month, trading at $175.05. The average analyst price target is $199.03.
Bloomberg announces 11th Annual ETFs in Depth event for November 19. 2026-10-12 05:54:08 Key takeaways. * Bloomberg announced its 11th Annual ETFs in Depth event for November 19 in New York City. * Vanguard, BlackRock, and State Street will participate in discussions on artificial intelligence and tokenization. * The event venue changed to the Conrad hotel to accommodate increased space requirements. Bloomberg announced its 11th Annual ETFs in Depth event scheduled for November 19 in New York City. The event will take place at the Conrad hotel due to increased space requirements. Major financial firms including Vanguard, BlackRock, and State Street will participate, with discussions covering artificial intelligence, tokenization, and new ETF products. Bloomberg event features major financial firms and innovation topics. The 11th Annual ETFs in Depth event will host executives from Vanguard, BlackRock, and State Street. The agenda includes discussions on artificial intelligence, tokenization, and novel ETF products. Eric Balchunas will present a 2027 ETF outlook at the event. The venue changed to the Conrad hotel in New York City to accommodate increased space requirements. Faq. When is Bloomberg's 11th Annual ETFs in Depth event? Bloomberg's 11th Annual ETFs in Depth event is scheduled for November 19 in New York City at the Conrad hotel. Which firms will participate in Bloomberg's ETF event? Major financial firms including Vanguard, BlackRock, and State Street will participate in the event, with discussions covering artificial intelligence, tokenization, and new ETF products. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
State Street Bank and Trust Company and its State Street Corporation subsidiaries have acquired a 5.15% stake in SRG Global Limited, becoming substantial shareholders. The disclosure, filed on 8 October 2026, shows the group holds relevant interest in 32,640,420 ordinary shares. The relevant interests span multiple State Street entities, including State Street Global Advisors units in Australia, Europe and the US. These interests derive from investment management roles, securities lending arrangements and collateral securities rights under the Corporations Act 2001. Registered holders identified in the filing include Citibank NA, Northern Trust Company, JPMorgan AG, BNP Paribas and Bank of New York Mellon. Security parcels range from 28,583 to 21,684,348 ordinary shares.
Capitolis, a fintech developing technology for banks and financial institutions, has raised $220 million in new financing, comprising a $120 million Series E equity round and debt financing. The equity round values the company at $1.9 billion, up from $1.6 billion in 2022. The round was led by existing investor Citi and included new strategic investors Bank of America, Nomura, and Tradeweb Markets. Existing investors Barclays, BNP Paribas, J.P. Morgan, State Street, and UBS also participated. Founder and CEO Gil Mandelzis said most funds will support Capitolis' recent acquisition of eSecLending, which expands the company into securities lending. Capitolis operates across Capital Marketplace and Portfolio Optimization businesses, helping financial institutions optimise resources and improve market efficiency.