Job Description

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development, and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

State Street is an Affirmative Action/ Equal Opportunity Employer/Vet/Disability.

Global Cash Operation Associate

As a Global Cash Operation Associate, you will interact internally with global Centres of Excellence, Client Operations teams, business unit Shared Service teams, and Joint Venture operations teams to complete applicable day-to-day activities, relating to the overall processing for assigned clients and portfolios.

Key Responsibilities

- Understand the settlement process and analyze the activities of clearing houses (DTC, DTCC, CREST, Euroclear) to ensure pre & post settlements were properly followed.

- Analyze fax and electronic instructions received from sales and trading desks and validate with the static data.

- Understand Reconciliation and enrichment processes.

- Work in conjunction with team members and other shared services and Client Operations to ensure seamless processing according to the fund’s policies.

- Be familiar with back-up procedures when system applications and/or transmission problems arise.

- Support individual and team efforts regarding research and resolution processes for exceptions and inquiries.

- Create Prime Broker relationships and liaise as necessary for exception resolution.

- Identify unusual or potentially suspicious transaction activity and report or escalate according to corporate policy and guidelines.

- Work with internal settlements and reconciliation teams to analyze trade booking, trade capturing, validation, and enrichment activities.

- Be familiar with Trade Life cycle and different guidelines (ISITC, IFSA, TMPG, and GBP guidelines) and understand Claims flow.

- Understand NOSTRO and other payment systems (MT202, Fed wire, CREST). Familiar with different types of Swift messages (MT299, 300, 199, 399, 546, etc.) and their usage.

- Initiate client/Counterparty/third-party calls and participate in process improvement projects.

Experience / Qualification / Key Skills / Attributes

- Bachelor’s degree with business related coursework or B.S. degree in Accounting or Finance preferred.

- Minimum of 4 years of related custody and/or fund accounting experience.

- Strong computer competence (Microsoft Applications: Word, Excel).

- Accuracy and detail-oriented.

- Strong interpersonal skills.

- Strong communication (verbal and written) skills.

- Ability to multi-task.

- Ability to work under pressure, and within a deadline-oriented environment.

Key Competencies

- Technical Knowledge & Commercial Acumen

- Quality & Risk Control

- Decision Making

- Client Service

- Communication

- Teamwork

- Coaching

- Drive for Results

- Adaptability

For further information, and to apply, please visit our website via the “Apply” button below.