Associate 2, Securities Valuation

State Street; Montreal (administrative region); On-site; CAD 45,000 - 68,000; Full time

Job summary

State Street in Montreal, QC seeks an Associate 2, Securities Valuation to ensure timely market valuations for clients in accordance with PSA agreements and market best practices.

The role requires a finance/accounting background and 1+ years in securities pricing or related operations, with strong analytical and communication skills. English is required for international clients; Canadian market context provided.

Qualifications

• 1+ years experience in securities pricing, fund accounting, or custody operations.
• Knowledge of capital markets and complex securities.
• Ability to analyze problems, gather information and reach sound conclusions.
• Strong teamwork and interpersonal communication skills.
• Excellent administration, organizational and time-management skills.

Responsibilities

• Assist in oversight of preparation and delivery of valuation reports to clients and their agents.
• Ensure procedures for review and approval of portfolio market values are up to date.
• Propose changes to reduce risk, manual inputs, and improve efficiencies.
• Ensure receipt of pricing feeds, broker quotes, and data daily; resolve out-of-tolerance prices.
• Sign-off on daily group packages with focus on accuracy and audit trail.
• Identify, communicate, and resolve fair value situations.
• Support global pricing tasks in a 24/7 operations environment.
• Coach, mentor and motivate staff; cross-train as needed.
• Expand knowledge of financial instruments and valuation practices.

Skills

Team player

Analytical thinking

Communication skills

Excel proficiency

Problem solving

Education

Finance or accounting degree

Canadian Securities Course or Derivatives Fundamentals Course (asset)

Tools

Word

Excel

Job description

Who are we looking for

Securities Valuation is a centralized unit supporting several business units and is broken out into two distinct areas; Fund Level Pricing and Asset Pricing. The Associate 2, Securities Valuation is responsible for ensuring accurate and timely execution of daily market valuations for various clients in accordance with each clients’ Price Source Authorization (“PSA”) agreement, standing instructions, and market best practices.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

What you will be responsible for

As Associate 2, Securities Valuation you will:

• Assist in the oversight of preparation and delivery of valuation reports to internal and external clients and/or their agents in a timely manner.
• Ensure that procedures are in place, up to date, and adhered to regarding the review and approval of portfolio market values.
• Propose changes to procedures to management with a focus of reducing risk, manual inputs, and increasing efficiencies.
• Ensure the receipt of all pricing feeds, broker quotes, back-up pricing sources and other relevant data on a daily basis. Identify, research, and resolve prices breaking set tolerance levels.
• Function as a “team-player”.
• Work with peers and achieve group/client/unit goals.
• Review and sign-off on daily group packages with a focus on accuracy, detail, audit trail, and timeliness.
• Identify, communicate, and resolve fair value situations.
• Escalate issues to manager and/or clients as required.
• Support global pricing tasks in a continuous operations environment.
• Ensure that the group is adequately trained and cross-trained.
• Coach, mentor, and motivate staff.
• Continuously expand and improve knowledge of financial instruments, corporate actions, and best valuation practices.
• Demonstrates thorough knowledge of the various fund groups, client requirements and other market related anomalies.
• Maintain proper documentation and back-up for audit purposes.
• Participate in and contribute to unit project initiatives.
• Provide outstanding client service to both internal and external clients.

Education and Preferred qualifications

• College or university designation preferably with a concentration in finance or accounting.
• 1+ years experience in securities pricing, fund accounting, or custody operations / securities administration.
• Knowledge of capital markets and complex securities.
• Demonstrate the ability to analyze a problem, obtain and evaluate information and reach sound conclusions.
• Must demonstrate the ability to work as a team player.
• Excellent computer knowledge of Word, Excel, and PC databases.
• Excellent communication and interpersonal skills.
• Solid administration, organizational and time management skills.
• Completion of the Canadian Securities Course and/or Derivatives Fundamentals Course is an asset.
• English is a must since it is required to cover international clients.

Salary Range:

• $45,000 - $67,500 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.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

End Date: October 26, 2026