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State Street · 1 week ago

Alternative Investment Solutions (AIS) Onboarding, Senior Associate

Quincy, MA

Full-time

Onsite

Mid, Senior Level

$52K/yr - $94K/yr

1+ years exp

State Street is a global leader in investment management, and they are seeking a Senior Associate to support their Alternative Investment Solutions Division. The role involves facilitating the onboarding of new funds onto State Street’s platforms, managing communications, and ensuring compliance with onboarding policies and procedures.

BankingFinanceFinancial Services

Responsibilities

Collects and processes all related information and documentation required to onboard a new customer (fund/entity) onto State Street’s platforms

Works closely with the client and the business/deal initiator as related to the launch of new funds

Review entity constitutive documents (formation/incorporation documents; Offering Memorandum; Partnership Agreements, Admin/Fee Agreements, etc.) to obtain all relevant information for establishment of entities on the respective systems

Coordinates the overall onboarding communications, risks, and issues resolution

Assists in coordinating communication with applicable parties; Client, Relationship Manager, Deal Team and business leads concerning the onboarding status and issues

Clearly communicates status both verbally and in written format

Escalates to all stakeholders as necessary to ensure timely onboarding of new entities

Demonstrates an understanding of the impact of problems across the organization and facilitates a collaborative solution

Qualification

AML/KYC knowledgeFinancial services experienceAnalytical skillsInterpersonal skillsOrganizational skillsProblem resolutionMotivatedCommunication skillsDetail oriented

Required

Equivalent to a degree in Business, Accounting, Legal or related field

Knowledge of AML/KYC policies a plus and/or 1-3 years financial services experience

Excellent interpersonal, organizational and communication skills

Ability to develop relationships within and outside of the organization

Strong problem resolution and analytical skills

Organized, highly motivated, and detail oriented

Meet all requirements for performance planning process including goal setting and self-evaluations

Participate in required and optional training

Benefits

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: 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); and, eligibility for certain tax advantaged savings plans.