Alternative Investments Business Strategy and Planning, Senior Associate

Job Description

Who we are looking for

The successful candidate will work within the Alternatives Hedge Strategic Solutions team. The role involves application process and output analysis, liaising with stakeholders to drive solutions to eliminate operational defects, strengthen our risk excellence and improve our client service as part of the wider Geneva conversion initiative.

Candidates should demonstrate a strong understanding of Alternatives’ systems flow, great communication skills, initiative and be capable of working on multiple assignments.

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 Senior Associate you will be primarily responsible for developing and executing an improved approach to analyzing and remediating upstream and Geneva applications’ output and loading failures, in addition to performing Geneva upgrade analysis and testing.

• Ability to work with business stakeholders and application Product Owners in a collaborative, cross functional team environment to deliver key strategic deliverables in a timely manner

• Preparation of Zurich UI metrics to enable identification and sharing of Middle Office and Geneva priority issues with application Product Owners to improve operational efficiency and service quality.

• Assist the business to increase resiliency and reduce operational risk via the investigation and remediation of Geneva loading failures, cross application root cause analysis, and liaising with application Product Owners to improve controls.

• Contribute to simplifying the end-to-end operating model and increase productivity, via assisting application Product Owners with upstream and Geneva core application processes such as enhancements and upgrade tracking and testing.

What we value

These skills will help you succeed in this role

• Excellent communication skills

• Creative problem-solving skills and analysis skills to help build solutions.

• Initiative, self-motivation and the ability to work independently

• Be a team player yet display a culture of individual ownership of tasks

Education & Preferred Qualifications

• Bachelor’s degree or equivalent accounting qualification and work experience with a focus in a related field is preferred

• 2+ years of fund accounting or hedge middle office experience

• Excellent interpersonal, organizational and communication skills

• PC Skills – Microsoft products (Word, Excel, Powerpoint, etc), Jira and Confluence

• Proven track record in applying company internal controls and policies

• Proven ability to work efficiently and effectively within a team

• Geneva experience is 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 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:

$52,000 - $84,760 Annual

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

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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.