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Who we are looking for The candidate will be expected to support the day to day running of the team, with responsibility for the provision of a premier service standard to the State Street IMS client base.
Why this role is important to us The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS' tools help our clients make better investment choices and act on growth opportunities. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for As Trade Management Middle Office Oversight Analyst you will
Ensure that our ETC team are managing the trade confirmation process sufficiently throughout the working day and clearing all exceptions from the relevant system queues prior to EOD and in conjunction with custodian, market and client deadlines. Sensitivity to be applied to high risk markets and currencies.
Monitor reporting from our JV Settlements teams in relation to unmatched and failed trades. Demonstrate an awareness of market / settlement risk for any exceptions listed. Provide guidance to the team and escalate as appropriate to internal management and broker / custodian relationship managers / clients.
Work closely with our Trade Investigation team on stock and cash reconciliation breaks that pertain to trade related activity. Observe client SLA levels for break clearance assist JV partners navigate the various areas of State Street to achieve closure.
Ensure close monitoring of team responsible for manual input of transaction into IMS IBOR offering, RKS. Encourage timely and accurate input to minimise errors on client book of records.
Assist the centralised ALERT maintenance team with system knowledge and accesses to ensure client SSI records are loaded in a timely and accurate manner. Observe upcoming market event that may result in peaks of SSI change activity.
Assist team leads & management to create a high standard of Governance & Control with regards to offshored processes. This includes, but is not limited to, review of daily email inboxes, monitoring of system queues and team reporting, logging and recording of errors in relevant IMS platforms, weekly touch point discussions with offshore partners and involvement of the monthly governance process.
Work collaboratively to build trusted working relationships via close liaison with internal cross functional global teams including Database Management, Corporate Actions, Reconciliation and IT, as well as London based Business Control team and client facing Business Management team. Also critical to build effective direct working relationships with client Middle and Front Office teams.
Observe SSC wide and IMS led Business Control procedures and policies regarding manual instruction authentication, storage of SSI / BDI, usage of key controls performed by macros.
What we value These skills will help you succeed in this role
The role holder will also be responsible for the support of timely and accurate KPI, KRI and general MIS, as well as input into the process of broker performance management, supporting regular review meetings where required.
Candidates for this position will ideally have gained at least three years of direct experience processing domestic and international Equity, Fixed Income, FX and cash deposit transactions within a similar Investment Management organisation, Broker-Dealer or Global Custodian, or will have been educated to a comparable level.
Previous Oversight experience is also desirable.
The individual must display the capability to be highly detail-oriented and motivated, be able to adopt an analytical approach to data output and display a high standard of accuracy and professionalism at all times. First class written and verbal communication skills are essential to managing both internal and external stakeholder expectations as well as maintaining client relationships.
The candidate will be expected to display the ability to work well individually within our fast paced deadline driven environment and to collaborate effectively amongst the wider group.
Prior knowledge of trade confirmation / settlement / STP is highly beneficial, as is experience using Omgeo CTM, GTSS (for Foreign Exchange) and local middleware matching products. Intermediate Excel, Word and Power Point skills preferred.
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