Core Operations - Senior Associate
State Street · Posted Oct 22
Investment servicing, custody, asset management, and trading solutions for institutional investors
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About the role
State Street's Global Cash Operations team handles day-to-day processing for assigned clients and portfolios, working with global Centres of Excellence, Client Operations and business unit Shared Service teams. The work spans cash reconciliation, settlement and accounting, payments and SWIFT message processing. As a Senior Associate, the role involves executing and overseeing daily operational deliverables, resolving breaks, and escalating unusual or suspicious transaction activity per corporate policy.
What you will do
- Works in conjunction with individuals on the team as well as other shared services and Client Operations to ensure seamless processing according to the fund’s policies
- Should be able to interpret relation between payment and receipts and be able to resolve breaks timely and accurately
- Achieve all assigned operational deliverables adhering to Standard Operating Procedures
- During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
Skills used in this role
What the employer is looking for
- Should have good understanding of cash reconciliation process
- Should have good understand of the settlement process and accounting (Statements and Ledgers)
- Good to have FX settlement knowledge
- Ability to communicate with different teams/fund groups/agent banks via email/phone calls in accordance to the strict market cut-off
- Should be familiar with Trade Life cycle and have a fair understanding of different guidelines
- Good understanding of NOSTRO and other payment systems (MT202, Fed wire). Should carry knowledge of SWIFT messages (MT202, MT103, MT910, MT940)
- Good if already have working knowledge of reconciliation tools such as Intellimatch
- Graduate with experience in investment banking/cash operations/settlements
- Good communication
- Ability to work under pressure
- Focused Approach
- Risk Mitigation
- Good logical/reasoning skills
- Escalation Management
Preferred qualifications
- Good logical/reasoning skillls
Benefits and support
- flexible work-life support
- paid volunteer days
- employee networks
- inclusive development opportunities
About State Street
State Street Corporation is a leading global financial services holding company providing institutional investors with investment servicing, investment management, and investment research and trading. Operating in more than 100 geographic markets worldwide, the company manages and administers trillions of dollars in assets through its core divisions like State Street Global Advisors and State Street Alpha. Headquartered in Boston, Massachusetts, it traces its origins back to 1792.
- Industry
- Financial Services
- Company size
- 51000+ employees
- Founded
- 1792-06-25
- Location
- Boston, Massachusetts, USA
- Funding stage
- Public Company
Leadership
Chairman and Chief Executive Officer
John Woods
Chief Financial Officer
Mostapha Tahiri
President of State Street Alpha & Chairman of Asia Pacific
Ann Fogarty
Enterprise Chief Operating Officer
President and Chief Executive Officer of State Street Investment Management
Recent coverage
State Street Corporation
State Street Corporation Reports Third-Quarter 2026 Financial Results2026-10-14
Boston Business Journal
State Street returns to wealth advisory sector, targets digital assets2026-10-14
Seeking Alpha
State Street expects 2026 fee revenue growth of 13%-14% and NII growth of 15%-16%2026-10-14
Business Wire
State Street Elects Alexander Vollert to Its Board of Directors2026-10-14