Middle Office, Senior Associate

STATE STREET CORPORATION; Hinoba-an; On-site; PHP 600,000 - 1,200,000; Full time

Benefits offered by this job

Flexible work-life support

Paid volunteer days

Employee networks

Job summary

State Street Corporation seeks a Senior Associate to run daily reconciliation, accounting, and TMV oversight across multi-asset portfolios. You will manage breaks, liaise with custodians and internal teams, and uphold accounting standards in a middle office setup.

You will also monitor exceptions, support risk controls, audits, and contribute to process improvements and automation initiatives using platforms like TLM, DUCO and IntelliMatch.

Qualifications

• Bachelor’s degree in Finance, Accounting, or related field.
• Experience in middle office, fund accounting, or reconciliation roles.
• Knowledge of financial instruments (equities, fixed income, derivatives).

Responsibilities

• Execute daily accounting and reconciliation activities across portfolios.
• Manage reconciliation breaks and liaise with custodians and teams.
• Support IBOR accounting, trial balances, and TMV validation.
• Monitor exceptions, ensure risk controls, participate in audits.
• Identify improvements and support automation initiatives.

Skills

Strong analytical & problem solving

Attention to detail & accuracy

Understanding of financial markets

Communication & stakeholder mgmt

Ability to work under tight deadlines

Education

Bachelor’s degree in Finance/Accounting

CA/CFA/CPA (plus)

Tools

TLM

DUCO

IntelliMatch

Alteryx

Python

RPA

Job description

Key Responsibilities

The Senior Associate will be responsible for executing and overseeing daily accounting and reconciliation activities across investment portfolios, ensuring accuracy, completeness, and timely delivery. The role requires strong analytical capability, operational rigor, and the ability to manage exceptions, risks, and stakeholder expectations within a middle office environment.

1. Reconciliation & Break Management

• Perform daily cash, position, and transaction reconciliations across multiple asset classes

• Investigate and resolve reconciliation breaks within defined SLAs

• Identify root causes and drive permanent resolution of recurring discrepancies

• Liaise with custodians, fund administrators, and internal teams to resolve issues

2. Accounting &TMV Oversight

• Support IBOR accounting activities including journal entries, accruals, and valuation checks

• Review trial balances and assist in TMV validation processes

• Ensure adherence to accounting standards and internal control frameworks

3. Exception Handling & Risk Control

• Monitor exceptions and elevate high-risk items in a timely manner

• Ensure compliance with operational risk and control procedures

• Participate in audits and provide required documentation and explanations

4. Process Improvement & Automation

• Identify opportunities to enhance efficiency and reduce manual intervention

• Support automation initiatives and system enhancements

• Contribute to standardization and documentation of processes

5. Stakeholder Management

• Act as a point of contact for internal stakeholders, clients, and external partners

• Provide clear and concise reporting on reconciliation status and key issues

• Collaborate with front office, fund accounting, and technology teams

6. Team Contribution

• Mentor junior team members and support knowledge sharing

• Assist in workload management and ensure timely deliverables

Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, or related field (CA/CFA/CPA is a plus)

• 3 to 10 years of experience in middle office, fund accounting, or reconciliation roles

• Strong understanding of financial instruments (equities, fixed income, derivatives preferred)

• Experience with reconciliation tools and accounting systems

Key Skills

• Strong analytical and problem-solving skills

• High attention to detail and accuracy

• Good understanding of financial markets and investment operations

• Effective communication and stakeholder management

• Ability to work under tight deadlines in a dynamic environment

Preferred Competencies

• Knowledge of reconciliation platforms (e.g., TLM, DUCO, IntelliMatch)

• Exposure to automation tools (e.g., Alteryx, Python, RPA)

• Understanding of regulatory and audit requirements

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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