State Street Corporation

Alternative Investment Services Bank Loans Operations, Officer

State Street Corporation$70K — $122K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Business, or related field is required.
  • 5+ years of experience in Custody and/or Fund Accounting, with some management experience.
  • Knowledge of securities language and legal requirements is essential.
  • Strong interpersonal, organizational, and management skills are necessary.
  • Demonstrated proficiency in software applications related to the field is needed.

Responsibilities

  • Manage daily operations and service delivery for functional teams.
  • Serve as the primary contact for escalation of operational issues.
  • Oversee production activities of Shared Service team members.
  • Coordinate implementation of new systems and client conversions.
  • Organize internal meetings and compile agendas and notes.
  • Identify and implement operational best practices.
  • Train and develop staff, including conducting performance appraisals.

Benefits

  • Retirement savings plan (401K) with company match.
  • Comprehensive insurance coverage including life, medical, dental, and vision.
  • Paid time off for vacation, sick leave, and family responsibilities.
  • Access to Employee Assistance Program services.
  • Eligibility for annual performance-based incentives and tax-advantaged savings plans.
Full Job Description

What you will be responsible for

  • Account for the day-to-day management of a functional team(s) and manage daily service delivery and production activities performed by staff

  • Primary contact and key escalation point for operational issues, provide technical expertise to resolve daily problems

  • Act as primary contact and escalation point for operational issues

  • Manage and escalate issues related CoE’s and other Shared Services

  • Manage production activities of Shared Service Associate I, II  and Senior Associate

  • Coordinate the implementation of new funds, systems and processes.   Assist with client conversions and other client projects

  • Organize Shared Service internal meetings, as needed,  and compiles related documentation, assisting with the coordination and development of the agenda and may attend meetings to record notes and action items

  • Identify and implement consistent operational best practices

  • Assist with compliance/fiduciary reviews and audits

  • Train, develop and motivate new staff,  complete performance appraisals

  • Provide coaching and development opportunities to staff, participate in individual on-going training and development

  • Provide technical expertise to resolve daily problems

  • Serve on committees.  Help define and implement new company initiatives

  • During the course of 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

  • Other duties as assigned

What we value

These skills will help you succeed in this role

  • Knowledge of securities language and legal requirements.

  • Good interpersonal, organizational and management skills.

  • Solid understanding of operational functions within Custody and/or Fund Accounting. Ability to provide technical expertise to resolve daily problems.

  • Demonstrated computer proficiency and working knowledge of various software applications.

  • Ability to develop and enhance client relationships.

Education & Preferred Qualifications

  • Equivalent to a BS degree in Finance, Business or related field.

  • At least 5 years of related Custody and/or Fund Accounting experience, part of which must have been in a management or supervisory capacity.

Salary Range:

$70,000 - $122,500 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 .

About State Street Corporation

State Street Corporation Careers

Join the dynamic team at State Street Corporation, a leading financial services provider known for its commitment to innovation, leadership, and professional growth. As a global powerhouse in investment management and servicing, we offer unparalleled job opportunities that propel your career to new heights.

Work You’ll Do

At State Street Corporation, you’ll be part of a culture that values diversity, leadership, and continuous professional development. Engage in work that transforms the financial landscape and helps our clients achieve their investment goals. Our team at State Street is at the forefront of combining industry expertise with cutting-edge technology to deliver exceptional service and results.

Explore Our Job Opportunities

Whether you’re looking for an entry-level position or a senior role, State Street Corporation offers a range of career paths in areas such as asset management, data analytics, finance, and technology. Our hiring process is designed to identify and nurture talent, focusing on your skills and potential. Prepare your resume, ace the interview, and join a team that’s committed to your career growth.

Internship Programs

Kickstart your career with a State Street internship. Our programs provide hands-on experience, networking opportunities, and professional mentoring in a real-world setting. Interns at State Street gain valuable insights and skills that make them competitive candidates for full-time positions within our company.

Benefits and Growth

State Street Corporation is dedicated to the growth and well-being of our employees. We offer a comprehensive benefits package that supports both your professional and personal life. From advanced career training and leadership development programs to health and wellness benefits, we ensure that our team members have the resources they need to succeed.

Inclusive Culture and Diversity

We pride ourselves on fostering an inclusive environment where every employee can thrive. Diversity is not just embraced; it’s celebrated. At State Street, you’ll work alongside a diverse group of professionals who bring a wide range of perspectives and ideas to the table. Our diversity training programs are designed to enhance collaboration and innovation across our global team.

Stay Connected

Join Our Team Discover the career you’ve always wanted by exploring the job opportunities at State Street Corporation. We look for driven, curious, and innovative team players who are ready to make an impact. Search State Street jobs now and find the position that best matches your skills and interests. Keep Up to Date Stay informed with career tips, insider perspectives, and industry-leading insights you can use today—all from the people who work here. Our careers blog provides you with the latest trends, tools, and advice to keep you ahead in your professional journey.

Job Alert Emails

Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at State Street Corporation, where your career development is our priority. Join State Street Corporation and be part of a team that values innovation, leadership, and a commitment to excellence. Your future in the financial services industry starts here.
Learn more about State Street Corporation
Size
39,335 employees
Market Cap
$28.4 billion
Industry
Net Income
$2.4 billion
Founded
1792
5 Year Trend
-4.9%
NASDAQ

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