Who we are looking for

From technology and product innovation to corporate responsibility and community development, we’re making our mark on the financial services industry. We’re a global company with diverse people and experiences, and a network of over 50,000 employees spanning more than 100 markets. For us, success comes from the impact our employees have – on our clients, our communities and each other.

We’re committed to providing an inclusive environment where all employees feel valued and supported. Join us and make your mark at State Street.
 

What you will be responsible for
An Alternative Operations Settlement Specialist, Senior Associate is responsible for:

• Accurately posting trade requests, including (but not limited to) loans, real estate, equity, credit and collateral transactions to our custody, accounting and other systems.
• Resolving data quality issues through interaction with accounting and client service groups.
• Process transactions in accordance to established procedures.
• Reviews work for accuracy and serves as a support resource for offshore teams.
• Resolving trade and settlement discrepancies in a timely and accurate manner.
• Responds to all client, bank, counterparty and service provider inquiries timely and accurately.
• Provides recommendations for improving in processing or procedures.
• Works with other internal business units to resolve complex or non-routine process in related questions/issues.
• Researches complex issues and proposes tactical and strategic solutions.
• Familiar with bank loans, alternative assets – both settlement and lifecycle events.
• Identifies and takes ownership of issues.
• Assists with other related duties as required.
• Performs ad-hoc tasks to support team supervisor and the overall business unit as needed.
  
  In the role of Alternative Settlements Operations Specialist, Senior Associate you will be responsible for:
  
  Job Duties And Responsibilities
• Manages the day-to-day settlements of alternative assets, bank loans and whole loans via SWIFT, DTC and/or physical settlement.
• Manages data trackers and inquires timely and accurately.
• Supports individual and team efforts with regard to research and resolution process for exceptions and inquiries.
• Supports Client Operations and Joint Venture team in providing appropriate information for preparation and research of proofs as needed.
• Remains familiar with back-up procedures when system applications and/or transmission problems arise.
• Develop an understanding of settlement processes and types, processing requirements, processing timelines, how those actions may affect fund asset values, and be able to practically apply this knowledge to processing environment.
• During normal day to day operation, be 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
• May perform other duties as requested.

Education and preferred qualifications

• Bachelor’s degree with business related coursework or B.S. degree in Accounting or Finance preferred.
• SWIFT settlement experience is preferred.
• Bank Loans and Whole Loans experience preferred.
• Strong computer competence (Microsoft Applications: Word, Excel, Visio).
• Accuracy and detail oriented.
• Strong interpersonal skills.
• Strong communication (verbal and written) skills.
• Ability to multi-task.
• Ability to work under pressure and within a deadline-oriented team.

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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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 StateStreet.com/careers

Read our CEO Statement

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.