State Street

Intern

Recruiter
State Street
Location
Hangzhou
Salary
Not disclosed
Posted
26 Feb 2024
Closes
14 Mar 2024
Ref
R-745634
Approved employers
Approved employer
Contract type
Interim
Hours
Full time
Experience level
Entry level, Internship

Who we are looking for:

We are looking for 2024 graduates to join our internship program. The team you will be joining is a part of State Street Global Delivery, this team will help our clients make better investment choices and act on growth opportunities.

What you will be responsible for:

You will have the opportunity to be distributed to the following teams:

  • Middle Office: Responsible for ensuring the Investment book of records is accurately maintained and ensuring accurate client portfolios are reflected on State Street platforms. 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 an issue as well as managing that a suitable resolution is found and communicated to the Client.
  • Fund Accounting: Net Asset Value Specialist will be responsible for preparing accurate and timely reconciliations integral to the completion of the Net Asset Value (NAV) of a fund that is used for Investor dealing and external publication, plus various other client specific reports distributed on a regular basis.
  • Financial Reporting: Set up and maintain reporting binders for each fund during a reporting cycle, prepare periodic (quarterly, semi-annual and annual) financial statements in accordance with Investment Company IFRS/GAAP requirements, coordinate distribution of financial statements.

What we value:

These skills will help you succeed in this role:

  • Strong critical thinking, problem solving, and decision making skills.
  • Extensive asset management experience, including investment operations.
  • Solid knowledge in financial market and instruments, including equity, fixed income, swap, OTC derivatives, etc.
  • Strong English communication (especially written) and presentation skills to audiences of different sizes and levels of seniority.
  • Exposure to large multi-class, multi-manager, multi-currency portfolios that invest in a variety of instruments including derivatives and as a result, the pricing of these positions, portfolio valuations reconciliations/Investigations experience will be acquired.

Education & Preferred Qualifications:

  • Bachelor degree or above, graduate in 2024.
  • Degree in Accounting, Finance, Economy or related field is an asset.
  • Effective communication skills (oral and written) in English.
  • Excellent PC skills (Microsoft Office, especially Excel and Word).
  • Organized and Deadline-driven.

Additional requirements:

  • This is a short-term intern program only for 2024 graduates, we do not guarantee to convert to Full Time Employee, interns with excellent performance will be provided priority to be converted to regular employee, if FTE headcount available after graduation.

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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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