Depositary Operations Specialist, Senior Associate

Who we are looking for

Under supervision of Depositary Manager, the Operations Specialist will engage in various projects, special analysis and initiatives relating to technical aspects of the business. The role holder acts as a process SME and provides technical support to Depositary Team Manager and the UK PERE team to ensure all deliverables are produced and dispatched on time in accordance with client service level agreements and agreed quality standards.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Depositary Operations Specialist you will

• Actively review and prepare UK PERE Depositary tasks (Cash Monitoring, Oversight, Safekeeping) within Alternative Investment Funds scope (Private Equity, Real Estate, Hedge Funds, Debt etc.)
• Liaise with clients (internal & external) and support departments for the purpose of obtaining key inputs to service delivery, resolving errors and discrepancies.
• Assist Team Manager in the organization of the Team and in ensuring that departmental procedures and controls are adhered to.
• Identify issues and problems in service delivery and carry out necessary corrective action. Ensure the Issues log is updated and track progress.
• Support Team Manager to ensure that accurate KPI are created and disseminated to the Donor site on a regular Service Review Meetings
• Take responsibility for analysis and planning of Depositary Functional Operating Model within UK PERE scope with the aim of standardizing processes and establishing best practice.
• Take a leading role in the review of corporate documentation of processes, procedures and controls across client groups.
• Participate as technical SME in the development, testing and implementation of new systems and products relating to the ongoing business transformation process.
• Act as central point of contact for technical issues encountered in the daily business.
• Provide technical and planning support for new business transitions to Poland.
• Provide timely and professional responses to all enquiries.
• Establish and maintain good working relationships with internal clients and colleagues.
• Demonstrate good time organizational skills in order to meet deadlines relating to projects and daily work.

What we value

These skills will help you succeed in this role

• Numeracy / Literacy skills
• Project management skills
• Extensive knowledge of Excel
• Power Query, VBA, SQL, Xceptor experience would be an advantage
• A thorough understanding of fund administration is required, Alternative Investments/Funds specifics is highly desirable
• Excellent English
• Takes Ownership and Initiative
• Developed communicating skills

Education & Preferred Qualifications

• Accountancy or Business-related degree (preferred)
• 2+ years’ experience in fund administration/ project management/ IT

We offer

• Flexible working hours (subject to the existing business needs)
• Interesting, non-repetitive process
• Possibility to Work From Home (subject to existing business needs)
• Employee savings plan
• Premium life insurance package
• VIP medical package
• International operating environment
• Language classes
• Soft skills trainings
• Technical workshops

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.