Business Integration Senior Associate

Who we are looking for

This position supports the Private Equity and Real Estate Fund Services Business Unit (PERE) within State Street’s Alternative Investment Solutions Division (AIS) through the participation in projects related to the advancement of the risk and compliance agenda for AIS. Working with the Chief Administrative Office team (CAO) within PERE the incumbent is responsible for supporting client teams in all locations servicing private equity and real estate funds.

What you will be responsible for

As a member of the PERE Business Integration team, the Business Integration Officer facilitates the implementation of new funds onto the STT or Alts platforms. This role has overall responsibility for leading customer (i.e., fund/entity) launches through the overall onboarding process. This process includes but is not limited to AML/KYC, Risk Ratings, and overseeing the client-level agreement process. The Senior Associate has ultimate accountability for the completion of the tasks related to new business onboarding policies and procedures in accordance to established deadlines. They will liaise with internal sub-service organizations (i.e., CaRRS, risk, legal, relationship management, etc.), and serve as a subject matter expert. Responsible for satisfying business needs, identifying key issues with processes, and taking a broad perspective to problem resolution.

Business Integration Team

• Collects and distribute all related information and documentation required to onboard a new customer (fund/entity) onto State Street’s platforms.
• Works closely with client to obtain required documentation
• Develop strong relationship with specific clients; act as a point of contact for onboarding-related tasks/questions
• Works closely with business/deal initiator and the Business 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 overall project communications, risks, and issues resolution.
• Coordinates communication with applicable parties, Relationship Manager, deal team and Business leads concerning the project status and issues.
• Clearly communicates both verbally and in written format.
• Escalate 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

What we value

These skills will help you succeed in this role

• Working knowledge of financial products
• Excellent computer skills
• Superior communication skills
• Ability to work in a fast-paced, demanding environment.

Education & Preferred Qualifications

• Bachelor’s degree
• 3+ years of financial services experience
• KYC and AML experience preferred

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.

Salary Range:

$52,000 - $75,400 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

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