State Street Corporation

Funds Transfer Business Support, Officer

State Street Corporation$65K — $113K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of financial services experience, particularly in fund transfer operations and payment processing.
  • Subject Matter Expert (SME) level knowledge of fund transfer activities.
  • Familiarity with applications supporting funds transfer and ISRMP process.
  • Experience with large scale operational transformation initiatives.
  • Strong reporting skills for metrics and discussion topics.
  • Excellent communication abilities.
  • High proficiency with Microsoft Office.

Responsibilities

  • Assist with enterprise-wide fund transfer risk reduction and remediation.
  • Recommend and execute changes to FTTOP Policy and Standards.
  • Engage with teams on strategic initiatives related to funds transfer.
  • Support change management initiatives for funds transfers.
  • Compile metrics and automate reporting and risk analysis.
  • Participate in technology initiatives for effective funds transfer risk management.
  • Contribute to the implementation of a central repository for fund transfer documentation.

Benefits

  • 401K retirement savings plan with company match.
  • Comprehensive insurance coverage (medical, dental, vision, life, and disability).
  • Generous paid-time off policies including vacation and sick leave.
  • Access to Employee Assistance Program.
  • Incentive compensation based on performance awards.
Full Job Description
Funds Transfer Business Support Specialist The successful candidate will be responsible for working directly with the Funds Transfer Central Team to help govern Funds Transfer across the enterprise. The candidate will have a reporting line in to the Funds Central Team Lead. The role will include providing SME guidance on the implementation of key fund transfer related initiatives enterprise wide as well as oversight of funds transfer risk and assisting with implementing risk reduction initiatives consistently across the enterprise. The role will also include assisting on projects/efforts within the team on specific initiatives aligned to improving the tracking of and reporting of risk related to Funds Transfer activity. What you will be responsible for: Enterprise-wide Fund Transfer risk reduction, including: • Assisting with Funds Transfer related risk reduction, remediation, and reporting. • Recommendation & execution of changes to FTTOP Policy and Standards. • Engagement with teams of other strategic initiatives and policies aligned to Funds Transfer. • Assist with change management initiatives for funds transfer. • Metrics compilations and automation of reporting and risk analysis. • Participate in implementation of technology or IT related initiatives to support effective and efficient management of funds transfer risk. • Participate in the implementation of central repository for all fund transfer documentation. • Identify opportunities to use of AI and robotics to optimize automation. • Day to Day support to BAU teams in interpreting Funds Transfer guidelines and policy. Provide education around FTTOP and Funds Transfer policy. What we value: These skills will help you succeed in this role: • Experience in financial services operations of fund transfer activities/payment processing - SME level knowledge • Knowledge of applications supporting Funds Transfer activity and the ISRMP process • Experience on large scale operational transformation initiatives • Experience in preparing reports for discussion topics, metrics sharing. • Excellent communication skills • High level of proficiency with Microsoft Office Education & Preferred Qualifications • A minimum of a bachelor's degree in information technology/management or business. • A minimum of 5 years Financial Services experience. Salary Range: $65,000 - $113,750 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 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.

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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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