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JobsState Street

Securities Settlement Section, Senior Associate

State Street

Securities Settlement Section, Senior Associate

State Street

Munsbach, Luxembourg

·

On-site

·

Full-time

·

2w ago

Required Skills

Swift

Who we are looking for

We are looking for a Senior Associate reporting directly to Section Head of Settlement Section You will be in charge to take care all tasks dedicated to the function, in accordance with the policies and procedures in place.

Why this role is important to us

The team you will be joining is a part of Securities Service Department / Settlement Section, a function that is vital to the company as they are in charge to monitor client’s instructions, to supervise the settlement of trade instructions on several markets.

What you will be responsible for

  • Ensure the proper execution of the tasks dedicated to the function, in accordance with the policies and procedures in place. Drive the accurate and timely completion of all settlement-related activities, ensuring strict adherence to internal controls, regulatory requirements, and established operational procedures. Proactively identify discrepancies or risks, escalate issues when needed, and contribute to maintaining a high‑quality, compliant settlement environment.

  • Participate to improve market practices knowledge among the team. Actively contribute to the team’s expertise by sharing insights on evolving market standards, regulatory changes, and operational best practices. Support continuous learning initiatives, provide guidance to colleagues, and help strengthen the team’s overall understanding of industry developments that may affect settlement processes.

  • Endorsing the role of Section Head back-up in case of absences. Serve as a reliable back‑up to the Section Head, ensuring continuity of daily operations during absences. Take responsibility for overseeing task allocation, monitoring team workflow, supporting decision‑making, and maintaining effective communication with internal and external stakeholders to guarantee seamless service delivery.

What we value

These skills will help you succeed in this role

  • Pro-active, Analytical, communication and problem-solving mind

  • Constant focus on quality and client service

  • Team spirit, flexibility, accuracy

Capable of dealing with facts and figures

Education & Preferred Qualifications

  • Bachelor in Accounting

  • Banking or Economics experience min 3 years

  • Knowledge of financial instruments

  • Excellent overall banking knowledge

  • Proficiency in both written and spoken English

  • Knowledge of different settlement messages (MT54X)

  • Knowledge of Crest, Fedwire, DTC, Euroclear markets

Additional requirements

  • MICROSOFT SUITE (VBA proficiency is an asset)

  • Proficiency in Custody and Banking Systems

  • SWIFT Alliance

Work Requirement

  • Late Shift until 07.00PM

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 State Street.com/careers

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About State Street

State Street

State Street Investment Management — formerly State Street Global Advisors (SSGA) — is an American investment management division of State Street Corporation founded in 1978 and the world's fourth largest asset manager, with nearly US$4.1 trillion in assets under management as of December 31, 2023.

10,001+

Employees

Boston

Headquarters

Reviews

3.5

6 reviews

Work Life Balance

2.5

Compensation

3.0

Culture

2.5

Career

3.2

Management

2.8

35%

Recommend to a Friend

Pros

More opportunity than other banks

Career advancement potential

Financial services experience

Cons

Slow hiring process

Poor Glassdoor reviews

Variance in firm quality opinions

Salary Ranges

76 data points

Junior/L3

Mid/L4

Junior/L3 · Business Operational Audit

7 reports

$96,876

total / year

Base

$84,240

Stock

-

Bonus

-

$77,769

$275,112

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