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Transfer Agent - Dealing, Settlements & Reconciliation, Associate

State Street Corporation
Luxembourg, Luxembourg
Closing date
Jul 1, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time

IFDS, established in 2007, is a market leader in Transfer Agency Services committed to providing high quality services and technology to our clients, with European offices in Dublin and Luxembourg. IFDSL is owned equally by SS&C Technologies Holdings, Inc. and State Street Bank Corporation.
IFDSL services and supports a diverse range of products across multiple fund domicile on behalf global Asset Managers. Our unique set up provides the expertise, scale, technology and strategic support and partnership to our clients. We are deeply involved, with the support of our Shareholders, in the evolution of our Industry, towards more Innovation and Digital transformation.
IFDS Luxembourg currently services a total of €1,100 billion AUM for some of the most sophisticated and demanding asset managers in the industry. Our footprint in Luxembourg is about 320 people and we have more than 700 people globally supporting our Luxembourg businesses.

Our Mission and Values:
Our mission is to 'build great experiences for our clients, their customers and our employees'.
This is achieved through our values of 'PACE & L': Professional, Accountable, Client Focused, Excellence and Leadership.

Who we are looking for
We are looking for a Transfer Agent, Settlements & Reconciliation, Associate 2, to join our Settlements & Reconciliation team. You will be the focal point for the day-to-day administration of the daily S&R operations with the responsibility of performing account reconciliations efficiently, timely and accurately. Furthermore, additional tasks such as Source of Fund verification, internal and external reporting, investigations, cap stock payment and claim management.

Your Team
You'll be working within the Dealing S&R department and working closely together with the Settlements & Reconciliation Manager and under his/her supervision.

What we value
  • Ensure that procedures and controls are in place and are fully understood.
  • Monitor and ensures the accuracy and quality of the daily reconciliations and investigations on the different collection account reconciliations. Review aged exceptions on a daily basis. Effectively analyses root cause and responsible parties involved to consider appropriate actions to be taken for a timely resolution.
  • Respond to enquiries from different counterparties (e.g. internal departments, external client enquiries, and corresponding banks). Ensures that all enquiries are followed and resolved accurately in a timely manner.
  • Ensure that payments are processed in a timely fashion.
  • Ensure that claims investigations/follow up are performed accurately and that claims are sent as per defined timelines.

Additional Requirements
  • Degree in Finance or Economics.
  • A 3-4 years' relevant working experience in Transfer Agency or Financial Services.
  • Background in Settlement & Reconciliation, with acumen in Payment SWIFT, Currency cutoff, cash reconciliation and AML.
  • Experience in quality check and project.
  • Advanced computer skills (MS Office: Excel, Word, PowerPoint, Access and Outlook).
  • Good organizational skills in order to meet deadlines.
  • Ability to work under pressure while maintaining high accuracy and quality standards, analytical and process thinking skills.
  • Excellent communication skills - Fluent in English (written & oral).
  • Other European Languages (German / French / Italian) considered advantageous.

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program 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 perspective 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 the 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 program 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.

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