Fund Order Services, Senior Associate

STATE STREET CORPORATION; Greater London; On-site; GBP 32,000 - 52,000; Full time

Job summary

STATE STREET CORPORATION is seeking a Fund Order Services professional in the UK to support unit dealing for collective investment schemes and CAAR calculations. You will assist with daily deal execution, approvals, and system loading, ensuring accuracy and timeliness.

You will collaborate with clients and third parties, maintain quality control, and participate in change requests and business reviews to mitigate risks.

Qualifications

• Experience in fund accounting or unit linked funds is advantageous.
• Ability to meet tight daily/weekly/monthly deadlines.
• Strong numerical and analytical skills with attention to detail.
• Excellent written and verbal communication.

Responsibilities

• Execute Fund Manager Unit Dealing with checks for accuracy and timeliness.
• Prepare CAAR calculations and daily Unit Dealing operations.
• Provide secondary approval for daily Unit Dealing procedures.
• Approve daily confirmations and loading of deals into State Street systems.
• Log, resolve and escalate enquiries within agreed timescales.
• Assist reconciliations to ensure client funds match fund holdings; document variances.

Skills

Excel proficiency

Customer service

Reconciliation

Communication skills

Ownership mindset

Tools

Excel

Job description

Who we are looking for

This role is in our UK Fund Order Services operations team. This is an exciting opportunity to be a key part of a growing global team, with exposure to Unit Dealing and Cash Allocation and Rebalance (CAAR).

Why this role is important to us

The team you will be joining plays a vital role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams to help navigate employees and the organisation. In your role you will strive for innovative solutions that are straightforward and scalable. You will help us build resilience and execute day‑to‑day deliverables at our best. 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

• Assist in the daily execution of Fund Manager Unit Dealing for collective investment schemes and provide approval for the daily executing of Unit Dealing ensuring that all relevant checks have been completed for accuracy and timeliness, to meet the stringent internal and external deadlines.
• Prepare Cash Allocation and Rebalance (CAAR) calculations and daily Unit Dealing deal execution.
• Provide secondary approval for the daily executing of Unit Dealing ensuring that all relevant checks have been made for accuracy and timeliness, to meet the stringent internal and external deadlines.
• Provide approval in the daily confirmation and loading of deals into State Street systems following strict procedures to ensure accurate capture of nominal, prices and shares in a timely manner.
• Ensure effective logging and resolution of enquiries and liaise with appropriate parties to resolve/escalate queries/problems within agreed timescales.
• Assist in holding reconciliations insuring client funds match to fund manager holdings statements. Any differences are fully explained, documented and corrected in a timely manner.
• Establish and maintain good working relationships with clients, third parties and colleagues, communicating effectively through formalised reporting and ad hoc liaison.
• Ensure adherence to all departmental and company wide procedural guidelines (e.g. timekeeping, dress, work persona, and holiday cover).
• Participate in client driven change requests and inhouse process enhancements relevant to service.
• Participate in periodic business reviews ensuring associated risks are identified and managed and appropriate remedial action is taken as necessary.

What we value

• Ability to work under tight timescales for daily, weekly and monthly deadlines.
• Able to learn / adapt to new concepts quickly.
• Takes ownership and initiative (ability to work independently).
• Ensure high level of accuracy and quality.
• Professionalism and good communication skills.
• Excellent Customer Services skills (essential).
• Proficient reconciliation and problem-solving skills.
• Excellent written and verbal communication.
• Good Excel skills (advanced preferential).

Education & Preferred Qualifications

• Fund accounting and/or pricing experience and/or dealing gained within Unit Linked, Pension or Retail Funds’ environment. (desirable)
• Knowledge and understanding of the investment regulations Ideally to degree standard although previous industry experience will also be considered.

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.

Equal Opportunity Employer

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