Who we are looking for
Role is working within a team based in London in the UK. The team provides Fund of Fund deal placement services & related services for SSC contracted clients ensuring accuracy and timeliness at all times. The Unit Dealing team support 'Direct' deal placement on a non-discretionary basis where specific orders are instructed and executed. The team interacts with external clients and transfer agents, internal fund accounting, custody and client service teams.
The UK Fund Order Services team form part of a wider Global FOS department within Global Delivery within State Street.
Why this role is important to us
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS' tools help our clients make better investment choices and act on growth opportunities.
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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 a Senior Associate within the Fund Order Services team you will
- Assist in the daily execution of Fund Manager Unit Dealing for collective investment schemes and provide approval for the daily executing of Unit Dealing ensuring that all relevant checks have been completed for accuracy and timeliness, to meet the stringent internal and external deadlines - 40%
- Provide secondary approval for the daily executing of Unit Dealing ensuring that all relevant checks have been made for accuracy and timeliness, to meet the stringent internal and external deadlines - 20%
- Provide approval in the daily confirmation and loading of deals into State Street systems following strict procedures to ensure accurate capture of nominal, prices and shares in a timely manner - 20%
- Ensure effective logging and resolution of enquiries and liaise with appropriate parties to resolve/escalate queries/problems within agreed timescales - 15%
- Assist in holding reconciliations insuring client funds match to fund manager holdings statements. Any differences are fully explained, documented and corrected in a timely manner - 5%
- Establish and maintain good working relationships with clients, third parties and colleagues, communicating effectively through formalised reporting and ad hoc liaison
- Ensure adherence to all departmental and company wide procedural guidelines (e.g. timekeeping, dress, work persona, and holiday cover)
- Participate in client driven change requests and inhouse process enhancements relevant to service
- Participate in periodic business reviews ensuring associated risks are identified and managed and appropriate remedial action is taken as necessary
What we value
These skills will help you succeed in this role
- Ability to work under tight timescales for daily, weekly and monthly deadlines
- Able to learn / adapt to new concepts quickly
- Takes ownership and initiative (ability to work independently)
- Ensure high level of accuracy and quality
- Professionalism and good communication skills
- Excellent Customer Services skills (essential)
- Proficient reconciliation and problem solving skills
- Excellent written and verbal communication
- Good Excel skills (advanced preferential)
Education & Preferred Qualifications
- Fund accounting and/or pricing experience and/or dealing gained within Unit Linked, Pension or Retail Funds' environment. ( desirable)
- Knowledge and understanding of the investment regulations
- Ideally to degree standard although previous industry experience will also be considered
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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs 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 perspectives 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 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 programs 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