Who we are looking for
State Street is recruiting for a Senior Associate to work in our Agent Bank and Cash Correspondent Bank Network Management team. State Street’s network consists of over 150 relationships across 103 countries and is an integral part of the operation of the bank with over $42trn in AUCA.
Network management is responsible for establishing and maintaining relationships with local market infrastructure entities, regulators, contractual subcustodian and cash agent banks servicing State Street’s cash and securities services requirements, while strengthening and monitoring all relationships to ensure the highest level of service is provided.
Join us if making your mark in the financial services industry is a challenge you are up for.
What you will be responsible for
As an assistant to Network Manager, you will be responsible to:
maintain relationships with subcustodian and cash agent banks appointed to service State Street’s securities services and cash requirements.
support drafting and publication of market bulletin.
support resolution of issues related to relationship, operational, regulatory, risk and financial matters.
provide support to Network Manager to manage projects and coordinate efforts of other teams and business units. Examples include agent bank due diligences and operating requirements reviews, clients matrices and topical market information inquiries.
coordinate with agent banks and internal teams to complete compliance exercise in a timely manner.
What we value
These skills will help you succeed in this role
This role requires highly effective verbal and written communication skills with frequent interaction with senior management, internal and external clients. The position requires ability to influence and collaborate with the broader team and business areas across the organization.
Candidate must be able to work independently and as part of a team.
Organisation skills to ensure compliance exercises are completed on time by the team.
Must be able to work with individuals at all levels from entry level to senior management both internally and externally around the globe.
Must be willing to work with geographically and culturally diverse colleagues across different business units, as well as with external clients.
Must have an understanding of financial markets and the functions and processes associated with transaction settlement and asset servicing.
Education & Preferred Qualifications
Bachelor’s degree. 5+ years of global custody operations and client service or related experience.
Proficient market knowledge on any APAC markets preferred.
Proficient in English and mandarin (preferable)
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.
Discover more at StateStreet.com/careers
