Middle Office Associate 1 Jobs

Who We Are Looking For

State Street AIS provides fund accounting, administration, tax, compliance and middle office trade support services to hedge fund managers. AIS combines its experienced teams of trained financial service professionals with sophisticated software development talent to create a superior trade support infrastructure that features Straight-Through-Processing (STP) and real-time information. The responsibilities of the operations group is to provide clients with portfolio pricing, trade allocation, confirmation, correction and settlement, prime broker interfaces, repo processing and cash management services. We are looking for a qualified candidate to join our team; growing their acumen for trade processing and security settlements while working in support of large alternative investment managers trading across diverse strategies.

What You Will Be Responsible For

As an Operations Associate you will

• Run end of day management reports
• Review positions and P&L with client
• Resolution of trade breaks with client and counterparties
• Interact on a daily basis with prime brokers and client counterparties
• Confirmation of client trades by phone, fax or electronic mail
• Process trades
• Basic understanding of settlements for generic equities, fixed income, futures and foreign exchange
• Run end of day pricing reports and lock downs
• Resolve fail with prime broker and counterparties
• During the course of normal day to day operation, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.
• Process client trademan files via excel

These skills will help you succeed in this role

• Ability to work in a fast paced, demanding environment.
• Working knowledge of financial products
• Excellent computer skills
• Superior communication skills

Education & Preferred Qualifications

• Bachelor’s degree
• 0-2 years of experience

Additional Requirements

Must be comfortable working in a dispersed and virtual team environment.

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

Salary Range

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job ID: R-738134