Full-Time

Core Operations Associate 2

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

$41.6k - $60.3kAnnually

Entry

Company Historically Provides H1B Sponsorship

Quincy, MA, USA

Category
Quality Control & Compliance
Supply Chain Management
Operations & Logistics
Required Skills
Word/Pages/Docs
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree with business related coursework or B.S. degree in Accounting or Finance preferred.
  • 0-1 years of related custody and/ or fund accounting experience, accounting, finance, mutual fund operation, loan operations or related careers preferred.
  • Strong computer competence (Microsoft Applications: Word, Excel)
  • Aptitude for math
  • Strong interpersonal skills
  • Strong oral communication skills
  • Ability to multi-task
  • Ability to work under pressure, and within a deadline oriented environment.
Responsibilities
  • Reviews and validates all daily activity in an accurate and timely manner, and maintains all required controls to ensure overall accuracy
  • Performs the necessary due diligence to ensure all pricing sources are reviewed, analyzed and compared/contrasted before relevant information is released to Fund Accounting and the client.
  • Works in conjunction with individuals on the team as well as other shared services/COEs and Client Operations to ensure seamless pricing valuations according to the fund’s policies
  • Supports the research and resolution process for exceptions and inquiries
  • Monitors and identifies halted/suspended domestic and international securities and notifies the Senior Specialists, Fund Accounting and the client appropriately with detailed information
  • Provides information needed to prepare financial statements and reports for client, shareholder, director and management reports, in an accurate and timely manner
  • Reviews corporate actions
  • Performs in depth research and analytics on security price movements and fluctuations in foreign currency outside established tolerance levels. Research includes, but is not limited to, analyzing index movements, accessing relevant news items that may pertain to a specific market, region, sector and/or issuer, and/or contacting the broker/dealer community and or client for additional insight
  • Supports and assists supervisors with special projects and fielding questions and requests from Fund Accounting, auditors and the client.
  • Reviews specialist work/output to ensure the necessary due diligence is performed.
  • Remains familiar with back-up procedures when system applications and/or transmission problems arise
  • Maintains records in support of audits
  • May perform other duties as requested
  • Retrieves and monitors availability of prices for designated portfolios
  • Gathers appropriate backup, maintain spreadsheets, contact brokers, and print various exception reports to support the pricing process
  • Interacts with third parties as necessary
  • Interacts with clients in a limited capacity for time critical issues during the pricing window as agreed to with Client Operations

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, and utilizes its global network and expertise to deliver customized financial solutions. State Street generates revenue from management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Additionally, it is recognized for its commitment to leadership and diversity, promoting a culture that supports employee growth and inclusion.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1792

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for ESG investing aligns with State Street's diversity commitment.
  • Digital assets offer new growth opportunities for State Street's custody services.
  • Expansion of passive investing boosts market share for State Street Global Advisors.

What critics are saying

  • Intense competition from BlackRock and Vanguard may impact State Street's growth.
  • Regulatory scrutiny on ESG practices could affect State Street's operations.
  • Geopolitical tensions in expansion regions may disrupt State Street's strategic plans.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to diversity and inclusion in financial services.
  • State Street leverages advanced data analytics to enhance investment management services.

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