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.

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

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

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

- Understand reconciliation and enrichment processes.

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

- Familiarity with back-up procedures for system application and transmission issues.

- Support research and resolution processes for exceptions and inquiries, creating Prime Broker relationships as necessary for exception resolution.

- Identify unusual or potentially suspicious transaction activity and report/escalate as per corporate policy and guidelines.

- Work with internal settlements and reconciliation teams to analyze trade booking, capturing, validation, and enrichment activities to adhere to Market guidelines and internal cut-offs.

- Familiar with Trade Life cycle and guidelines (ISITC, IFSA, TMPG, GBP).

- Good understanding of NOSTRO and payment systems (MT202, Fed wire, CREST), and different types of Swift messages (MT299, 300, 199, 399, 546).

- Experience initiating client/Counterparty/third-party calls and working on process improvement projects.

Experience / Qualification / Key Skills / Attributes

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

- Minimum 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.