Fund Order Services, Senior Associate

State Street; Greater London; On-site; GBP 65,000 - 85,000; Full time

Job summary

State Street is seeking a Senior Associate in the UK Fund Order Services team to support daily Unit Dealing, CAAR calculations, and reconciliations for collective investment schemes. You will ensure accuracy, maintain client relationships, and contribute to process improvements while adhering to internal controls and deadlines.

You will engage with multiple stakeholders, oversee daily deal execution, and participate in periodic business reviews to identify risks and drive timely resolutions.

Qualifications

• Fund accounting experience or pricing within Unit Linked, Pension or Retail Funds environment (desirable).
• Knowledge of investment regulations is preferred.
• Ideally degree level, though industry experience will be considered.

Responsibilities

• Execute daily Fund Manager Unit Dealing for collective investment schemes with checks for accuracy and timeliness.
• Prepare CAAR calculations and daily Unit Dealing execution.
• Provide secondary approval for daily Unit Dealing with accurate and timely checks.
• Approve daily confirmation and loading of deals into State Street systems following procedures.
• Log and resolve enquiries and liaise with parties to resolve issues within agreed timescales.
• Assist in reconciliations to ensure client funds match fund manager holdings; explain and resolve discrepancies.

Skills

Unit Dealing

CAAR calculations

Cash Allocation

Rebalance

Client relations

Excel (advanced)

Education

Fund accounting experience

Degree (desirable)

Tools

State Street systems

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).

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

As a Senior Associate within the Fund Order Services team you will:

• 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.

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.

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Job ID: R-796880