State Street

Alternative Investment Services Middle Office, Senior Associate

CLIFTON, NJPosted 20 days ago

Job summary

  • Job post source

    This job is directly from State Street

  • Job overview

    The Senior Associate in Alternative Investment Services Middle Office at State Street supports hedge fund managers by managing trade support services and the security settlement lifecycle for complex financial products.

  • Responsibilities and impact

    The role involves processing trades, confirming client trades, resolving trade breaks and fails, liaising with clients and counterparties, coordinating system enhancements, and participating in new client onboarding and fund initialization.

  • Compensation and benefits

    The salary range is $60,320 to $86,840 annually, with competitive and comprehensive benefits including medical care, insurance, savings plans, flexible work programs, development programs, and educational support.

  • Experience and skills

    Candidates should have a bachelor's degree and 3-4 years of relevant experience with knowledge of equities, fixed income, futures, FX, derivatives, trade order flow, SWIFT messaging, and cash wire processing; experience with Advent Geneva Platform is advantageous.

  • Career development

    State Street offers a wealth of development programs and educational support to help employees reach their full potential.

  • Work environment and culture

    State Street values diversity, inclusion, and social responsibility, providing a supportive work environment with flexible work programs, paid volunteer days, and employee networks.

  • Company information

    State Street is a leading custodian bank and asset manager with over two centuries of experience, providing investment servicing, data analytics, research, trading, and management to institutional clients.

  • Unique job features

    The role offers exposure to sophisticated trade support infrastructure with Straight-Through-Processing and real-time information, supporting large alternative investment managers trading across diverse strategies.

Company overview

State Street Corporation is a leading financial services and bank holding company headquartered in Boston, Massachusetts. Specializing in investment management, research, and trading, the company generates revenue through asset servicing, investment management, and advisory services. Founded in 1792, State Street has a rich history of innovation in financial services, including the development of the first U.S. mutual fund in 1924. Today, it is known for its robust technology platforms and global presence, managing over $4 trillion in assets.

How to land this job

  • Tailor your resume to highlight your experience with trade settlements, focusing on equities, fixed income, futures, foreign exchange, and derivatives, as these are core to the role at State Street.

  • Emphasize your skills in client communication and trade confirmation processes, including resolving trade breaks and fails, as well as your ability to liaise with prime brokers and counterparties.

  • Apply through multiple channels such as State Street's official careers page and LinkedIn to maximize your application visibility for the Alternative Investment Services Middle Office, Senior Associate position.

  • Connect with professionals in State Street's Alternative Investment Services division on LinkedIn, using ice breakers like commenting on recent industry trends, asking about their experience with trade support infrastructure, or inquiring about the team culture and onboarding process.

  • Optimize your resume for ATS by incorporating keywords from the job description such as 'trade capture,' 'settlement lifecycle,' 'corporate actions,' 'SWIFT messaging,' and 'Advent Geneva Platform' to ensure it passes initial screenings.

  • Use Jennie Johnson's Power Apply feature to automate applying across multiple platforms, tailor your resume with relevant keywords, and identify LinkedIn contacts for networking, allowing you to focus your energy on interview preparation and skill enhancement.

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