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State Street · 3 weeks ago

Account Opening Oversight Analyst, Officer - State Street Investment Management

Boston, Massachusetts

Full-time

Onsite

Senior Level

$60K/yr - $101K/yr

5+ years exp

State Street is a global investment management firm that helps institutional investors manage risk and drive performance. They are seeking an Account Opening Oversight Analyst to manage account opening, maintenance, and renewals processes for their funds across various markets.

BankingFinanceFinancial Services

Responsibilities

Complete country-specific requirements to open sub-accounts in foreign markets while adhering to each market’s regulatory requirements

Awareness and understanding of State Street IM’s fund launches and initiatives that drive the need for new or updates to existing sub-accounts

Be the “sub-account” expert to internal business partners by communicating various market requirements and sub-account opening timelines in support of SSIM’s global strategy

Manage ad-hoc sub-account maintenance tasks such as renewals, fund name changes, etc

Respond to foreign regulator requests, questions and on-going changes to requirements, including beneficial ownership validation, reporting, and account reviews

Collaborate with State Street IM’s custodian on all account opening and maintenance requests and monitor that service levels meet expectations

Create and maintain procedures making sure there’s alignment with internal governance, business controls and risk tolerance, including regular procedure reviews to identify gaps, opportunities for improvement and/or automation

Qualification

Securities experience40 Act ETFsInvestment operations experienceExcel proficiencyWord proficiencyJudgmentTime managementAttention to detailCommunication skillsIntegrity

Required

Bachelor's degree and 5-7 years of experience in the securities, financial services industry, or investment operations

Knowledge of 40 Act ETFs and Mutual Funds, Collective Investment Trusts and Common Trust Funds

Self-starter with exemplary time management skills, extreme attention to detail and ability to manage multiple priorities and deadlines on a regular basis

High level of personal and professional integrity and sound judgment, with a keen focus on creating and following procedures, documentation, and internal governance

Strong written and verbal communication skills and ability to effectively communicate across all levels

Working knowledge of Excel and Word