Who we are looking for
International Fund Services (IFS) provides fund accounting, administration, tax, compliance and middle office trade support services to hedge fund managers. IFS 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 responsibility of the Treasury Operations group is to provide clients with support for managing OTC and Repo collateral margin and to coordinate the payment processing of collateral, trade related activity, expenses, and all other settlements.
Why this role is important to us
The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.
Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.
What you will be responsible for
As the Middle Office Officer you will:
- Demonstrate full understanding of settlements for generic equities, fixed income, futures, foreign exchange and the related derivative products
- Hire and train new associates
- Review associate performance
- Manage daily process of all applicable clients
- Review collateral confirmation process of associates
- Review and release client wire and security settlements
- Interact with prime brokers on material cash and settlement issues and processes
- Interact with client counterparties on material issues
- Interact with clients to evaluate service and offerings
- Participate in investor's due diligence meetings and audit reporting
- Launch new clients and funds in Treasury system applications
- Contribute procedural requirements for new products and market regulations
- Implement system enhancements and perform business unit acceptance testing for Treasury and Collateral management user applications
- Ensure self and team complies with risk, regulation and compliance programs and applicable laws and regulatory requirements
- Review end of day management reports and resolve outstanding issues
- Sign off on end of day process and check lists
- 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.
- Implement system enhancements and perform business unit acceptance testing for Treasury and Collateral management user applications
- Ensure self and team complies with risk, regulation and compliance programs and applicable laws and regulatory requirements
- Review end of day management reports and resolve outstanding issues
- Sign off on end of day process and check lists
- 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.
Education & Preferred Qualifications
- Bachelor's degree required; degree in Accounting or Finance preferred
- Minimum 5 years industry experience
- Experience with alternative investment asset classes, complex fund structures and fee calculations desired
- Strong communication, critical thinking, problem solving and decision making skills.
- Excellent administrative and organizational skills with the proven ability to multi-task and to work efficiently to meet client deliverables.
- Candidates must demonstrate initiative be able to perform well under pressure and simultaneously handle multiple assignments
- Experience working on a virtual/distributed team preferred but not required
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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program 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 perspective 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 the 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 program 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
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