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State Street

Holds assets for institutions and runs index funds

Middle Office Reconciliation Onboarding Senior Associate

Project ManagementConfirmed live in the last 24 hours
Full-timeNo salary listed

About the Job

Requirements

  • A bachelor's degree in Finance, Accounting, Business, Technology, or a related discipline is required.
  • Approximately 3–5 years of relevant experience in middle office, reconciliation, investment operations, client onboarding, system implementation, or a related function is required.
  • Practical experience using TLM/TLP or another recognized reconciliation platform is required.
  • A strong understanding of middle office reconciliation and the investment-management lifecycle is required.
  • Hands-on experience with cash, position, transaction, and market-value reconciliation is required.
  • Working knowledge of TLM/TLP reconciliation platforms, including static setup, reconciliation configuration, matching rules, tolerances, and exception workflows is required.
  • Experience in external custody data acquisition, SWIFT-message validation, file analysis, and ETL data mapping is required.
  • The candidate must be able to analyse complex data issues, identify root causes, and coordinate practical solutions.
  • The candidate must be able to interact with global business, operations, technology, client, and custodian teams.
  • Strong written and verbal communication skills are required, including the ability to provide concise status updates and escalate issues clearly.
  • The candidate must demonstrate high attention to detail and a consistent focus on quality.
  • The candidate must be able to work independently while contributing effectively within a global team.
  • Proficiency in Microsoft Office applications, particularly Excel, PowerPoint, Word, and Outlook, is required.
  • Familiarity with project-tracking, workflow, and process-documentation tools is required.

Responsibilities

  • Support assigned onboarding projects from requirements gathering through configuration, testing, production deployment, stabilization, and operational handover.
  • Participate in discussions with clients, custodians, fund administrators, operations, and technology teams to understand reconciliation requirements and document the agreed scope.
  • Review fund matrices, account structures, reconciliation types, data sources, frequencies, tolerances, matching criteria, and reporting requirements.
  • Analyse cash, position, transaction, and market-value data received through SWIFT messages, flat files, and custodian portals.
  • Support validation of SWIFT MT940, MT950, and MT535 messages and identify data-quality, routing, and mapping gaps.
  • Perform data analysis and mapping for non-SWIFT files and coordinate with ETL and deployment teams to establish appropriate file-processing solutions.
  • Support account, reconciliation shell, lead-account, match-rule, workflow, and static-data setup in BUAT and production environments.
  • Validate feed connectivity, system configuration, data completeness, and reconciliation results before implementation.
  • Coordinate and execute functional testing, BUAT, DITL, conversion rehearsals, production parallel testing, and go-live readiness checks.
  • Document test scenarios, expected results, defects, evidence, approvals, and sign-offs in line with project and control requirements.
  • Investigate reconciliation exceptions and configuration issues, identify root causes, and coordinate corrective actions with the appropriate teams.
  • Maintain project plans, open-item logs, Jira tickets, risk and dependency trackers, meeting notes, status reports, and implementation documentation.
  • Monitor milestones, dependencies, and outstanding actions, and escalate delivery risks or control concerns in a timely manner.
  • Communicate conversion, rollout, and stabilization plans clearly to internal and external stakeholders.
  • Prepare standard operating procedures, reconciliation playbooks, configuration records, and handover documentation for business-as-usual teams.
  • Support post-production stabilization and ensure outstanding issues are tracked through closure.
  • Maintain appropriate evidence and audit trails in accordance with operational-risk, information-security, and control requirements.
  • Assist in identifying opportunities to standardize processes, improve controls, and reduce manual effort through automation.
  • Provide guidance and knowledge support to junior colleagues and contribute to team training and knowledge-sharing activities.
  • Participate in special projects, system enhancements, process-improvement initiatives, and management reporting as required.

Desired Qualifications

  • Experience working with custodians, investment managers, fund administrators, or global operations teams is preferred.
  • Understanding of financial instruments, trade lifecycle, IBOR data, and custody operations is advantageous.
  • Exposure to PLM, RKS, CRD, or other investment-servicing platforms is preferred.
  • Experience with Jira, SharePoint, Power BI, Power Query, or workflow-automation tools is preferred.
  • Knowledge of Agile or Waterfall project methodologies is preferred.
  • Familiarity with root-cause analysis, operational-risk controls, audit requirements, and incident remediation is preferred.
  • Experience supporting automation, system enhancements, or process-transformation initiatives is preferred.

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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