State Street · 3 months ago
Functional Compliance, Officer - State Street Investment Management
Boston, Massachusetts
Full-time
Onsite
Entry, Mid Level
$65K/yr - $114K/yr
1+ years expState Street is a global investment management company that provides investment oversight support for its investment management functions. The Officer will be responsible for performing compliance monitoring, analyzing compliance trends, developing automated rules, and managing the onboarding process for new accounts.
BankingFinanceFinancial Services
Responsibilities
Performing pre and post trade compliance monitoring for all asset classes on commingled funds, separately managed accounts, and registered funds
Analyze compliance breach trends, identify root causes, and resolve potential systemic issues, including recommending process design improvements and operational efficiencies
Developing, testing, and implementing automated rules within the monitoring systems and manual monitoring procedures for non-automated rules
Reading governing documents such as Fund Regulatory governing documents and Investment Management Agreements; identifying and resolving interpretive issues, and reviewing investment restrictions
Extracting compliance restrictions from governing documents for new accounts and amendments, and coding those restrictions into the compliance systems
Completing required new account/amendment documentation, including obtaining all necessary signatures, prior to effective date
Manage and provide support to completion of new account/amendment onboarding process to ensure that appropriate reviews and sign-offs are timely obtained
Tracking new account and amendment onboarding status, providing reporting and updates to management
Developing or enhancing policies and procedures related to compliance processes, with a focus on establishing globally consistent best practices
Lead projects with IT, Data, and system vendors to identify ways to further enhance automation in the compliance system
Lead reviews with internal and external auditors to facilitate controls reviews
Lead in Project work (reviewing regulatory fund docs, compliance system coding/testing, etc..)
Conduct client/local regulator meetings
Qualification
Required
Sound understanding of Financial instruments - equity, fixed income, derivatives, bank loans, private credit is required
Sound understanding of portfolio management lifecycle is required
1-3 years' experience in the investment management field including experience in investment portfolio compliance or other areas of compliance
Proficiency in Microsoft Office is required
Ability to work under pressure
Ability to read and comprehend governing compliance documents such as IMAs and Prospectus/SAI
Demonstrated communication and interpersonal skills
Strong analytical skills and organizational skills
Attention to detail
Ability to work independently and collaboratively with various levels of the organization
Preferred
Bachelor's degree in Finance, Accounting or Economics is preferred
Prior experience with Charles River (CRD) / Sentinel/ Bloomberg/Aladdin is preferable but not required
Prior knowledge in operating Bloomberg terminal is preferred but not required
Knowledge of local regulations as it pertains to rule coding and monitoring of accounts
Benefits
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
Company
State Street
State Street offers a range of financial services, including investment management, research and trading, as well as asset management.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$12.05B2025-10-23Post Ipo Debt· $1B
2025-04-24Post Ipo Debt· $2B
2025-02-06Post Ipo Equity· $750M
Leadership Team
Ronald O'Hanley
Chairman and Chief Executive Officer
R
Renee LaRoche-Morris
Senior Vice President, Chief of Staff to the COO; Head of CAO Services
Recent News
legacy.thefly.com
2026-01-22
Company data provided by crunchbase