Alpha Service Delivery – Portfolio Services, State Street Alpha, Officer

State Street.
Sydney, Australia
Not disclosed
10 Aug 2022
30 Aug 2022
Contract type
Full time
Experience level
Qualified accountant

Who we are looking for

The Alpha Portfolio Services & Transitions teams are dedicated global business teams working with Clients, Custodians, SSC IT, client service, internal business operations teams and other interested parties to ensure accurate end-to-end oversight of Information Delivery to our clients. The Alpha Portfolio Services team is responsible for ensuring the Investment book of records is accurately maintained and ensuring accurate client portfolios are reflected on State Street platforms. The Alpha Portfolio Services Transitions team is responsible for maintaining portfolio level static data and the co-ordination of Transition events ensuring data elements gathered are maintained and communicated in an accurate and timely manner to help support the clients trading activities in addition to supporting numerous departments within the organization

The role will interact with the Clients (predominantly Front Office) and being a key liaison with various portfolio managers and internal SSC parties in identifying issues as well as managing that a suitable resolution is found and communicated to the Client. The role will need to initiate and develop good communication and interpersonal relationship with Front Office/Portfolio Managers’ teams and to maintain the high level of service that is currently being provided to all the clients. As on Officer, the role will also oversee the functionality of our underlying global teams from a management stand point

Why this role is important to us

The team you will be joining is a part of a global, cross-divisional group supporting State Street AlphaSM.

State Street AlphaSM redefines the common definition of ‘alpha’ to mean powering better performance and outcomes at every point on the investment lifecycle and is the first open platform from a single provider that connects the front, middle and back office. It harmonizes data, technology and services across trusted providers to help our clients better manage their businesses.

Join us if making your mark in an ever-changing, increasingly complex and competitive industry is a challenge you are up for.

What you will be responsible for

As Alpha Service Delivery – SSGA Port Admin you will

  • Liaise directly with front office
  • Assist Portfolio Manager on all queries
  • Liaise with multiple external and internal parties
  • Oversee the timelyness, accuracy and functionality of Associates/Sr Associates within our underlying teams, and work towards resolution from a management point of view.
  • Review of various control reports e.g. reconciliation, material breaks and others to ensure the health of client’s portfolios are maintained.
  • Complete Month End processing cycle which include full portfolio reconciliations, performance calculation and client reporting
  • Complete client specific reporting requirements
  • Managing relationships with all interested parties
  • Perform work independently within scope of established guidelines and according to specific procedures.
  • Coordinate, handle and resolve issues involving all operational and various IT areas (e.g. Asset servicing, Trade Operations, Client Reporting)
  • Work independently to research and resolve problems considering multiple avenues for resolution.
  • Communicate effectively on issues / problems to the Client and to SSC management and ensure a proper and timely follow-up to ensure resolution.
  • Provide guidance, support, act as resource and assist team members from multiple operational areas

What we value

These skills will help you succeed in this role

  • Proven track record of working within financial services operations environment
  • Attested track record of successfully working to deadlines, strong attention to detail, with accountability and responsibility for independent workload
  • Excellent problem solving skills to identify, understand and address operational and technical issues
  • Aibility to be flexible, follow and meet tight deadlines, organize and prioritize work and meet the clients expectations

Education & Preferred Qualifications

  • Graduate level or above
  • Preferred industry experience of 3+ years with Minimum 12 months of Portfolio Administration/IBOR experience from either an Investment Manager or Global Custodian
  • Knowledge of investment accounting and NAV calculation across various asset classes

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.

State Street is an equal opportunity and affirmative action employer.

For further information, and to apply, please visit our website via the “Apply” button below.

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