Securities Valuation, Associate 2

STATE STREET CORPORATION; Toronto; On-site; CAD 45,000 - 68,000; Full time

Job summary

STATE STREET CORPORATION in Toronto is seeking a securities valuation professional to ensure accurate daily market valuations for multiple clients, following PSA agreements and market best practices. The role emphasizes timely reporting and continuous process improvements within a collaborative team environment.

The successful candidate will have finance or accounting training, 1+ years in securities pricing or related fields, and strong Excel/Word skills, with a focus on teamwork and client

Qualifications

• College or university designation with a finance or accounting focus.
• 1+ years experience in securities pricing, fund accounting, or custody operations is preferable.
• Knowledge of capital markets and complex securities.
• Ability to analyze problems, gather information and draw sound conclusions.
• Ability to work effectively as part of a team.
• Excellent Word, Excel and PC database skills.
• Strong communication and interpersonal skills.
• Completion of the Canadian Securities Course and/or Derivatives Fundamentals Course is an asset.

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 current and followed.
• Propose procedural changes to reduce risk, reduce manual input, and increase efficiency.
• Ensure daily receipt of pricing feeds, broker quotes and data sources.
• Identify, research, and resolve prices breaking set tolerance levels.
• Collaborate with peers to achieve group and client goals.
• Review and sign off on daily group packages with accuracy and audit trail.
• Identify and resolve fair value situations and escalate issues as needed.
• Support global pricing tasks in a 24/7 style operating environment.
• Ensure team training and cross-training, mentoring staff, and knowledge expansion.

Skills

Securities pricing

Fund accounting

Custody operations

Capital markets

Team collaboration

Education

Finance or accounting degree

Tools

Excel

Word

PC databases

Job description

Why this role is important to us

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

• 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 & 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 is preferable.

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.

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

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.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

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.

Discover more information on jobs at StateStreet.com/careers