State Street

Alternative Investment Services Officer – Bank Loans Operations

State Street

full-time

Posted on:

Location Type: Office

Location: Quincy • Massachusetts • New Jersey • United States

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Salary

💰 $70,000 - $122,500 per year

About the role

  • 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
  • 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.

Requirements

  • 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
  • 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.
Benefits
  • insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
  • 401K with company match
  • paid-time off including vacation, sick leave, short term disability, and family care responsibilities
  • access to Employee Assistance Program
  • incentive compensation including eligibility for annual performance-based awards
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
Custody experienceFund Accounting experienceSecurities language knowledgeOperational functions understandingTechnical expertiseClient conversion assistanceCompliance reviewsFiduciary reviewsPerformance appraisalsCoaching and development
Soft Skills
Interpersonal skillsOrganizational skillsManagement skillsProblem-solvingTeam developmentCommunicationMeeting coordinationDocumentationBest practices implementationInitiative definition
Certifications
BS degree in FinanceBS degree in Business