Transaction Management, Associate

Who we are looking for
In this role, you will work with State Street teams from around the globe to support premier investment management clients. You will have immediate responsibility to oversee all day-to-day transactional responsibilities in a fast-paced, flexible and exciting environment.
You will be the first line of defense in surfacing any potentially risky activity and will work collaboratively with your team members to ensure data accuracy. Join this growing high-visibility team focused on building innovative solutions to revolutionize how State Street services our customers.

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 Transaction Management Associate 2 you will

• Be responsible for Trade Settlement Resolution/ Fail monitoring
• Confirming with brokers the Daily Variation Margin for TBA activity
• Instruct the Daily Variation Margin activity to downstream platforms and teams
• Acts as a resource within the assigned business unit to problem-solve for complex issues with clients, counterparties and other internal teams
• Respond to inquiries from clients, custodians and brokers to ensure timely effective processing of request
• Prepares, completes, and reviews standard client reporting
• Identify and resolve the root cause of all issues
• Continually seek best practice for current processes and procedures

What we value
These skills will help you succeed in this role

• Strong critical thinking skills
• Good problem solving skills
• Strong accuracy aptitude and detail orientation

• Education & Preferred Qualifications
• Bachelor's degree with a Business-related major, Accounting or Finance preferred
• 1+ yr. of Equity or Fixed Income Trade settlement resolution and fail monitoring or custody side trade processing/ trade monitoring or 1+ yr. collateral processing
• Preferred System experience: GTM, CSM, ALERT, CTM, SWIFT and Bloomberg.
• Working knowledge of Excel and other Microsoft Office applications
• Strong verbal written and interpersonal communication skills

Additional requirements
Exceptionally technology-oriented with the ability to learn applications quickly; will consider candidates with programming backgrounds as that would be a plus.

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

COVID-19 Protocols: Complying with State Street's COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc.