Middle Office Rotation - Associate 2 APS, TM & FA

Your role at a glance

Are you looking for an entry level role that is technically challenging? Do you want a future that allows you to develop commercial acumen alongside your technical skills? Are you keen to have the opportunity to progress in a breadth of roles – technical or business?

We are looking for entry level who can answer “yes” to the above for our 2024 State Street Global Delivery Middle Office (GDMO) Rotation programme. If you are successful, you will join a team which plays a pivotal role in the success of the State Street and its clients.

What you will be doing

The key thing to know is that your role will be broad and diverse, giving you the chance to experience first-hand several distinct roles within the GDMO business area.

The rotation programme is all about giving you the fundamental experience and skill set to excel in the world of fund services and investment management. Your first 2 years with State Street will see you rotate through 3 different business functions, developing your professional network and expanding on your quantitative and qualitative skills.

You will gain professional accreditation through completion of IMC and IOC qualifications and by the time you reach the end of the programme, we hope that you will have built a clearer picture of where your interests and experience can take you within both State Street and the industry more generally.

As part of the GDMO capabilities supporting State Street’s business, you could be developing expertise within:

• Portfolio Services: Front Office Support, Data Control, Middle Office Support, Client Management Support

• Trade Management: Processing & Settlement

• Account Services:  Fund Transitions

• Fund Accounting

 Don’t worry if some of this sounds new to you – this is what you’ll be here to learn!

Within these business areas, we’ll look to you to provide support in several areas, which could include: administration, processing, research & analysis and helping with client queries. 

Some of the day-to-day activities could include:

• Supporting global post trade flow, confirmation, settlement for securities, FX and cash products.

• Being aware of market and industry developments.

• IBOR & platform accuracy.

• Middle office oversight (reconciliation, corporate actions, change events).

• Account Services, fund launches, closures, market opening.

• Net Asset Value reporting.

• Benchmark and reasonability checking.

• Client & third party communications.

We are looking for a diverse population for the new cohort and preference will be given to those that meet the State Street profile. We are open to graduates, career changers and returners

Desired skills and experience will include:

• 2.1 Degree in any subject (must have for recent graduates).

• 1-2 Years’ experience in any finance related field

• Analytical mind-set, with attention to detail and ability to work to tight timelines.

• Great communication skills

• Flexible and a team-player

• High levels of energy, dynamism and commitment

• Highly organised with the ability to prioritise effectively.

If you have any of the following, please tell us:

• Strong Excel skills

• An understanding of investment markets and their drivers

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