Core Operations, Associate 2

State Street; Quincy (MA); On-site; USD 42,000 - 67,000; Full time

Benefits offered by this job

401K with company match

Insurance coverage including medical,

Paid time off

Job summary

State Street in Massachusetts is seeking an Associate II to oversee mutual fund trading operations across multiple business lines and contribute to developing a new mutual fund trading platform.

You will assist with client conversions, work in a fast-moving technical environment, and collaborate across teams to implement new functionality and improve processes. A Bachelor’s degree and 1+ years in financial services are expected.

Qualifications

• Bachelor’s degree or equivalent required.
• 1+ years’ experience in financial services industry.

Responsibilities

• Develop a deep understanding of existing mutual fund trading infrastructure and business processes.
• Assist with client conversions/start-ups of new client relationships.
• Work autonomously with confidence in a fast-moving, complex technical environment.
• Build relationships with colleagues across multiple functional groups.
• Assist with business requirements, testing, and implementing new functionality on our trading application in coordination with management team, clients, IT, and the vendor.
• Research and resolve inquiries for clients, trading partners, and internal stakeholders.
• Ensure all team deliverables are met within assigned deadlines on a daily basis, document and update procedures and team checklists, ensure adherence to standard operating procedures.
• Manage the day-to-day activities of a functional team by monitoring, reviewing, and validating all daily activity to ensure accuracy and adherence to controls within tight deadlines.
• Assist with client reporting and client projects.
• Analyze internal processes and look to automate, reduce risk, and streamline workflows.

Skills

Analytical

Critical thinking

Problem solving

Decision making

Clear communicator

Integrity

Requirements understanding

Education

Bachelor’s degree or equivalent

Tools

Trading application

Job description

Who We Are Looking For

This is an exciting opportunity to be part of a growing team, and the incumbent will contribute to key strategic projects in addition to delivering services for our clients. This Associate II position plays a key role within our mutual fund trading team, overseeing mutual fund trading operations in a fast-paced environment across a several business lines. The role will be responsible for assisting with the development of our new mutual fund trading platform, contribute to building our future state model, and migrating clients onto the future state workflow.

Why this role is important to us

The team you will be joining plays an important 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 like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting‑edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.

What You Will Be Responsible For

As Unit Dealing Associate II you will

• Develop a deep understanding of existing mutual fund trading infrastructure and business processes
• Assist with client conversions/start‑ups of new client relationships
• Work autonomously with confidence in a fast‑moving, complex technical environment
• Build relationships with colleagues across multiple functional groups
• Assist with business requirements, testing, and implementing new functionality on our trading application in coordination with management team, clients, IT, and the vendor
• Research and resolve inquiries for clients, trading partners, and internal stakeholders
• Ensure all team deliverables are met within assigned deadlines on a daily basis, document and update procedures and team checklists, ensure adherence to standard operating procedures
• Manage the day‑to‑day activities of a functional team by monitoring, reviewing, and validating all daily activity to ensure accuracy and adherence to controls within tight deadlines
• Assist with client reporting and client projects
• Analyze internal processes and look to automate, reduce risk, and streamline workflows

What We Value

These skills will help you succeed in this role

• Analytical mindset and strong critical thinking
• Problem solving and decision making skills
• Confident & clear communicator with ability to articulate complex concepts to any audience
• Highly motivated with exceptional integrity
• Ability to understand and contribute to documented business and technical system requirements

Education & Preferred Qualifications

• Bachelor’s degree or equivalent
• 1+ years’ experience in financial services industry

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.

Salary Range:

$41,600 - $66,560 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.

Employee Benefits

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes:

• 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.

Read our CEO Statement

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-799111