Alternative Operations Clearance, Settlement Trading Operations, Senior Associate

Overview

State Street AIS provides fund accounting, administration, tax, compliance and middle office trade support services to hedge fund managers. AIS combines experienced teams with software development to create a trade support infrastructure that features Straight-Through-Processing (STP) and real-time information. The operations group supports clients by providing trade capture, portfolio pricing, trade confirmation and settlement services. We are looking for a qualified candidate to join our team to grow their acumen for complex financial products and the security settlement lifecycle while supporting large alternative investment managers trading across diverse strategies.

• Intermediate understanding of settlements for equities, fixed income, futures and foreign exchange and derivatives
• Process trades
• Confirmation of client trades by phone, email or matching platform
• Interact on a daily basis with prime brokers and client counter parties
• Resolution of trade breaks with client and counter parties
• Resolve fails with prime broker and counter parties
• Liaise with clients regarding ad hoc issues and establish/maintain relationships with clients and other external parties (e.g., Counter parties, Prime Brokers)
• Coordinate system enhancements or new requirements on behalf of the team; responsible for coordinating system testing and sign-off

These skills will help you succeed in this role.

• In-depth knowledge of some or all of the following products:
  Equity, Futures, Options, Fixed Income, FX, Derivatives (IRS, CDS, TRS, etc.)
• Experience interfacing with security valuation agents like Markit PV, BVAL, ICE Data, JPM Pricing Direct
• Knowledge of trade order flow, security life-cycle events (settlements, corporate actions), SWIFT messaging and cash wire processing
• Strong verbal, analytical and written communication skills
• Experience with Advent Geneva Platform advantageous

• Bachelor’s degree
• 3-4 years of experience

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential, with inclusive development opportunities and flexible work-life support.

Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect medical, insurance and savings plans, as well as flexible Work Programs and development opportunities to help you reach your full potential.

We believe diverse backgrounds, experiences and perspectives contribute to an inclusive environment. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. We offer paid volunteer days, matching gift programs and access to employee networks. State Street is an equal opportunity and affirmative action employer.

Discover more at

Salary Range: $52,000 - $94,120 Annual. The range quoted applies to the role in the primary location specified. If the candidate works outside the primary location, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, including retirement savings plan, insurance coverage, paid time off, and other benefits. For a full overview, visit

Job : R-792342