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State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $33.99 trillion in assets under custody and administration and $2.81 trillion in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.
This figure is presented as of September 30, 2018 and includes approximately $28 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
Purpose of Role:
The main function of the role is: Account for the day-to-day management of a functional/oversight team(s) and manage daily service delivery and production activities performed by staff. Work in conjunction with individuals on the team as well as other Shared Service teams/COE’s, outsource locations, Client Operations and other business units to ensure seamless processing according to the fund’s policies, to ensure NAV/yield accuracy and that all SLAs are met. As well as, Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.
Major Responsibilities: Role specifics:
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•Oversees the activities of staff by working closely with direct reports.
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Manages the day-to-day activities and controls to ensure consistency of policies adherence to procedures.
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Manages and facilitates timely resolution of issues.
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Proposes and works to implement workflow changes and supporting technical solutions leading to improved productivity and profitability.
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Keeps abreast of regulatory compliance and developments for the assigned area and apprises staff as necessary.
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Identifies and analyzes operations risks related to current and potential business and recommends procedural changes and controls as needed
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Creates and uses quality service measurement tools to ensure compliance with operational standards with SLAs and SOPs and create management reporting as needed
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Coordinates and manages projects within the department and/or with BU Shared Services, COEs and Client Operations teams.
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During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures.
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Conducts periodic performance reviews; provides ongoing counsel, training, development and motivation of staff.
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Participates in the hiring, salary, promotional and termination recommendation process
Experience Requirements:
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At least 12 years of related Custody and/or Fund Accounting experience, part of which must have been in a management or supervisory capacity. Prior relevant work experience of 8+ years.
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Knowledge of securities language and legal requirements.
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Good interpersonal, organizational and management skills.
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Solid understanding of operational functions within Custody and/or Fund Accounting. Ability to provide technical expertise to resolve daily problems.
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Demonstrated computer proficiency and working knowledge of various software applications.
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Ability to develop and enhance client relationships
Need to flexible for Night shifts (Post 7pm login)
About State Street
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.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
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About State Street

State Street
PublicState Street Corporation is an American multinational financial services and bank holding company headquartered at One Congress Street in Boston. It is the second-oldest continuously operating U.S. bank, tracing its roots to Union Bank, chartered in 1792.
10,001+
Employees
Boston
Headquarters
$55B
Valuation
Reviews
3.7
10 reviews
Work-life balance
3.2
Compensation
4.0
Culture
3.8
Career
3.4
Management
2.8
68%
Recommend to a friend
Pros
Supportive colleagues and team culture
Good benefits and retirement plans
Learning and advancement opportunities
Cons
Heavy workload and overtime expectations
Poor management direction and support
High stress and fast-paced environment
Salary Ranges
101 data points
Mid/L4
Mid/L4 · BANK LOANS
1 reports
$135,295
total per year
Base
$117,645
Stock
-
Bonus
-
$135,295
$135,295
Interview experience
5 interviews
Difficulty
2.6
/ 5
Duration
21-35 weeks
Offer rate
20%
Experience
Positive 20%
Neutral 60%
Negative 20%
Interview process
1
Application Review
2
Recruiter Screen
3
Phone Interview
4
Technical/Hiring Manager Interview
5
Final Interview/Offer Stage
Common questions
Technical Knowledge
Behavioral/STAR
Past Experience
Culture Fit
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