Apprentice

Job Description

Grow your career at State Street

From technology and product innovation to corporate responsibility and community development were making our mark on the financial services industry. Were a global company with diverse people and varied experiences with a network of over 35000 employees spanning more than 100 markets. For us success comes from the impact our employees have on our clients our communities and each other.

Were committed to provide an inclusive environment where all employees feel valued and supported. Join us and make your mark at State Street.

Open Positions for Finance Graduates

The global financial services industry is undergoing rapid change. Now more than ever the industry is looking for the talent and vision of the next generation of business leaders. State Street sits at the very center of the global financial system. Our role is to provide the financial infrastructure and services that make it possible for the worlds largest investors to make the most efficient use of the worlds capital.

Seeking exceptional Graduates! Are you looking to start your career with an internationally recognized brand Do you have the drive and ambition to achieve the very best Then our Graduate Opportunity jobs are just what you are looking for.

Our graduate jobs are designed to develop graduates both technically and professionally towards becoming our future leaders and Finance experts. Youll learn from some of the most respected highly-qualified people in the industry and be supported by individual mentors and development programs.

We recruit graduates on a year-round basis into the following areas:

• Fund Accountant
• Financial Reporting Specialist
• Derivatives Specialist
• Financial Accountant
• Treasury Accountant
• Transfer Agency Administrator
• Middle Office Administrator
• Pricing Administrator
• Risk Analyst
• Compliance Analyst
• Data Management Analyst
• Anti-Money Laundering Specialist

These fantastic jobs are ideal for motivated graduates looking to start careers within financial services. The real focus will be on personal and professional development with structured career progression. If you are a graduate or already have some professional experience and would like to start a career in financial services you are welcome.

Please find below some of the popular jobs.

Fund Accountant

The Fund Accountant is responsible for calculating the net asset values of funds by processing daily accounting related functions to ensure funds prices are accurate and delivered to the client in a timely fashion. The Fund Accountant is the central point of contact for all accounting support functions and analyzes the information received thereby ensuring any discrepancy is monitored and resolved professionally.

Financial Reporting Specialist

The Financial Reporting Accountant is responsible for preparing financial statements for annual and interim cycle. They also prepare and complete first draft of audited annual and un-audited interim financial statements from trial balance including Profit and Loss Account Balance Sheet Cash Flow Schedule of Investments notes to financial statements.

Derivatives Specialist

The team deals with the complex futures and options processing for the entire European exchange traded derivatives Centre of Excellence book of business and supplementary business offshored from other State Street sites. The Derivatives Group is the central point of contact for the clearing banks and client service teams on all sites.

Other services include some cash instructions and the improvement of processes for recording derivative instruments accurately and efficiently.

Financial Accountant

Financial Accountant performs the accounting processes that may include but is not limited to: accounting documents processing journal processing payments preparation account reconciliation preparation and verification of the reports performing other projects as assigned etc.

Treasury Accountant

Treasury Accountant performs the treasury processes that may include but is not limited to: treasury transactions processing (money market stock market) prepare/approve payments collateral management/margins monitor minimum required reserve in national central bank reconciliation bank accounts (cash positions balance sheet) reports performing other projects as assigned etc.

Transfer Agency Administrator

Transfer Agency Administrator is responsible for trade processing investor account maintenance issue reporting and resolution. You will be responsible for processing investor transaction: review documentation to ensure anti-money laundering documentation has been received and enter subscription on ISS and save documentation on to DMS.

Middle Office Administrator

Middle Office Administrator is responsible for processing trade file submitted by the Fund daily on trade-date trade-date confirmation (electronic telephonic or hard copy) based upon the trade file transmitted by the Fund and trade details provided by the Funds approved counter parties and monitor trade fails with prime brokers counter parties and the Fund including review of prime broker/custodian fail or mismatch of reports.

Pricing Administrator

Pricing Administrators role is to assist in the accurate and efficient pricing of a range of securities held by investment funds. The principal tasks of this role is to price exchange traded securities and validation to sources such as Bloomberg Reuters and FTID.

Risk Analyst

The Enterprise Risk Management (ERM) division within State Street Corporation establishes and maintains appropriate risk management policies guidelines and limits and assists executive and business-level management with minimizing operational credit legal regulatory reputation and other risks to the company.

Compliance Analyst

Investment Compliance Analyst will be responsible for monitoring compliance results on client portfolios related to Regulatory and Investment Manager (IM) mandates. Utilizing State Streets Investment Compliance & Reporting platform the qualified candidate will complete the research analysis and reporting to ensure portfolios are in compliance with their investment restrictions.

Data Management Analyst

The Data Analyst(s) will be responsible to work comprehensively with both IT and the Investment Compliance/Market Conformity Business Units to procure data necessary for daily compliance and conformity checks. Furthermore the Data Analyst will be responsible for the update and maintenance of market data static data and holdings data that is not otherwise fed to the core application MIG 21 via automated data feeds.

Anti-Money Laundering Specialist

Anti-Money Laundering Specialist will be involved in reviewing investor Anti Money Laundering documentation in line with the AML policies and liaising with the Transfer Agency teams in order to request and obtain the required data from the investors and/or clients

What we value:

These skills will help you succeed in this role:

• You are a well-rounded student with a combination of academic aptitude analytical capabilities and excellent communication skills
• Majoring in Finance Accounting or Economics preferred. Any other major is also valid.
• Desire to develop Your career in finance industry
• Involvement with student organizations would be an added advantage
• Good written and spoken English
• Basic experience with MS Office
• Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role
• Ensure that the highest level of the Code of Conduct is displayed in your behavior
• Provide appropriate management information as required to support business unit decision making
• Support the Risk Excellence culture within the business
• Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulations

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 were making our mark on the financial services industry. For more than two centuries weve 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. Youll 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.

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Job Description

Who we are looking for

Derivative SMEs are primarily responsible for the timely and accurate execution and reporting of derivative processing that impacts net asset valuations (NAVs) for our clients accounts (funds).

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 a derivative SME you are primarily responsible for the timely and accurate execution and reporting derivative activities that impact to net asset valuations (NAVs) for our clients accounts (funds). The derivative SME identifies analyzes and substantiates impacts of derivatives to the NAV. Critical functions performed include the processing of and verification of all derivative activities and reflecting the same in system to be captured by downstream teams assisting in addressing derivative queries and participating in various programs with derivatives requirement. This could extend to assist in data analysis test performing and various new products onboarding etc.

What we value. The derivative SME possess strong risk awareness to verify potential NAV impacts issue including MTM movement position checking and accrual verifications. This could extend to engage with various parties to deal with potential queries and verification of trades and cash items to ensure the integrity of the NAV. Sprits of self-determination and investigation are required.

Roles and Responsibilities:

• Validate and review all daily operational activities related to the CFD Reconciliation process while maintaining all required controls.
• Investigate Position Dividend Gain and Loss breaks identify the root cause and resolve the breaks.
• Support the review and validation of data as needed e.g. fund Net Asset Values Positions MTM calculations etc. as well as distribute information to Shared Services and Client Operations teams.
• Research and resolve exceptions reconciliations incorrect transactions and issues.
• Receive and resolve inquiries in a timely and accurate manner and communicate effectively with clients when necessary.
• Escalate unresolved issues to management as required.
• Maintain appropriate records of daily and monthly activities.
• Support the production of financial performance and/or quality reports for clients shareholders directors and management as needed.
• Maintain knowledge of current alternative procedures and processes.
• Document any updates or changes to formal procedures databases etc.
• Prepare and verify information for various projects or special requests as directed.

What we value:

These skills will help you succeed in this role:

• Strong analytical and problem-solving skills.
• Excellent communication and collaboration abilities.
• Proficiency in Microsoft Office suite
• Basic understanding of regulatory frameworks.
• Strong working knowledge of Bloomberg and any other market Vendor.
• Must have considerable domain knowledge preferably in areas of Fund accounting with good product knowledge across Equity Fixed Income and Derivatives.
• Team player who is diligent Attention to detail-oriented organized.
• Candidate must exhibit high degree of accuracy and the ability to meet deadlines

Education & Preferred Qualifications:

• Degree in Commerce Finance or MBA with relevant specialization
• Any Certification in Financial Markets will be considered a plus

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 were making our mark on the financial services industry. For more than two centuries weve 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. Youll 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 Description

Who we are looking for:

The Associate 200 Level (Corporate Actions) is responsible for independently processing and accounting for corporate action events across assigned markets and funds.

Why this role is important to us:

The team you will be joining is a part Custody Corporate Action team. The role requires a strong understanding of voluntary and mandatory corporate actions accurate interpretation of announcements timely processing and strict adherence to risk and control standards.

What you will be responsible for:

As Associate you will:

• Independently process mandatory and voluntary corporate actions such as dividends splits mergers rights tenders and redemptions in line with market practices and internal guidelines.
• Interpret corporate action announcements received from vendors custodians and issuers and determine the correct processing and accounting treatment.
• Ensure timely and accurate posting of corporate action events in accounting and Gold Copy systems.
• Reconcile positions cash and entitlements and investigate and resolve breaks within agreed SLAs.
• Monitor the complete lifecycle of events from announcement through payment and closure.
• Coordinate with Custody Fund Accounting Client Service and Technology teams to resolve event-related issues.
• Respond to client and internal queries related to corporate action processing and financial impacts.

What we value:

These skills will help you succeed in this role:

• Strong analytical and problem-solving skills
• High attention to detail with strong risk awareness
• Ability to work independently with minimal supervision
• Clear and professional written and verbal communication skills
• Proficiency in MS Excel and corporate action processing systems

Education & Preferred Qualifications:

• Bachelors degree in Commerce Finance Accounting or a related discipline
• Two to four years of hands-on experience in Corporate Actions or investment operations
• Strong understanding of end-to-end corporate action processing and global market practices

Additional requirements:

• Demonstrates ownership and accountability for assigned events and deliverables
• Proactively escalates issues and collaborates effectively with stakeholders
• Adapts to changing volumes priorities and market practices

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 were making our mark on the financial services industry. For more than two centuries weve 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. Youll 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 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 youll 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.

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