Alternative Investments Business Transformation Specialist, Senior Associate

State Street; Boston (MA); On-site; USD 52,000 - 94,000; Full time

Benefits offered by this job

401K match

Comprehensive insurance

Paid time off

Employee Assistance Program

Performance-based incentives

Tax-advantaged savings plans

Job summary

State Street is seeking a Senior Associate for the Alternative Investments Transformation team in Boston. The role requires strong initiative, the ability to handle multiple assignments, and delivery of projects on time.

You will work with Alternative Investments technology and stakeholders, ensuring effective governance and timely implementation. Ideal candidates have a Bachelor’s in accounting/finance/economics, 2+ years in an investment firm tech role, and proficient communication skills.

Qualifications

• Bachelor’s degree required, preferably in accounting, finance, or economics.
• 2+ years of experience in an investment firm in a technology, front office or software role.
• Strong written, communication, and presentation skills with senior SMEs.
• Excellent organizational skills and accountability for work.
• Ability to multitask and meet tight deadlines.
• Collaborative with strong teamwork and relationship-building.
• Strong interpersonal, quantitative and analytical skills; proficient in MS Excel, Word, PowerPoint, JIRA, Confluence.
• Preferred experience in Alternative Investments.

Responsibilities

• Assist in writing business requirements and executing test scripts.
• Perform data analysis and reconciliation for testing and validation of new functionality.
• Assist in governance framework execution over transformation globally.
• Monitor the implementation of new functionality and track issues to resolution.
• Track and communicate changes affecting operational teams and report instructions.
• Coordinate and liaise in creation of training materials.
• Prepare process flowcharts and document workflows.
• Analyze performance metrics of new initiatives.
• Prepare materials for senior management on new functionality.
• Build strong, long-term relationships across State Street.

Skills

Excellent communication

Creative problem solving

Influencing skills

Initiative

Relationship building

Sense of urgency

Education

Bachelor’s degree in accounting, finance, or economics

Tools

MS Excel

MS Word

PowerPoint

JIRA

Confluence

Job description

Who We Are Looking For

Senior Associate needed for the Alternative Investments Transformation team. This role will work closely with Alternative Investments technology, various internal and external stakeholders in a varied and challenging role. Additionally, candidates must be well-organized and able to deliver projects in a timely manner. Candidates must demonstrate strong initiative, be able to perform well under pressure and be capable of working on multiple, diverse assignments.

Main Responsibilities Will Include

• Assist in writing business requirements and executing test scripts
• Perform data analysis and reconciliation required for testing and validation of new functionality
• Assist in the execution of the governance framework over transformation globally
• Monitor the implementation of new functionality to ensure effectiveness and track issues and bugs to resolution
• Track and communicate changes that impact operational teams, including report instructions, new products, enhancements, etc.
• Coordinate and liaise in creation of training materials
• Preparation/documentation of process flowcharts
• Compile and analyze performance metrics of newly implemented initiatives
• Assist preparation of materials to be presented for new functionality to senior management and the organization
• Build strong, long-term relationships throughout State Street organization

What We Value

• These skills will help you succeed in this role
• Excellent communication skills
• Creative problem-solving skills and analysis skills to help build solutions for the investment teams.
• Outstanding influencing skills to unify and collaborate with varied teams
• Initiative, self-motivation and the ability to work independently
• Strong relationship-building skills
• Sense of urgency when performing tasks and projects; ability to respond to shifting priorities
• Effectively communicate progress and escalations
• Be a team player yet display a culture of individual ownership of tasks.

Education & Preferred Qualifications

• Bachelor's degree required, preferably in accounting, finance, or economics
• 2+ years of experience working within an investment firm in a technology, front office or software related role
• Strong written, communication, and presentation skills, including the ability to liaise with and influence senior subject matter experts
• Must have strong organizational skills
• Must demonstrate sense of ownership and accountability for work
• Ability to multiple task and work within tight deadlines
• Works collaboratively, and builds effective working relationships & promotes teamwork
• Strong interpersonal, quantitative and analytical skills and a high proficiency with MS Excel, Word, PowerPoint, JIRA, confluence.
• Preferred experience in Alternative Investments.

Salary Range

$52,000 - $94,120 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.

Benefits

• our retirement savings plan (401K) with company match
• insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
• paid-time off including vacation, sick leave, short term disability, and family care responsibilities
• access to our Employee Assistance Program
• incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
• eligibility for certain tax advantaged savings plans

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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 Application Disclosure

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Job ID: R-777670