Securities Valuation, Associate

Why this role is important to us

Securities Valuation is a centralized unit supporting several business units and is broken out into two distinct areas;
Fund Level Pricing and Asset Pricing. The Associate 2, Securities Valuation is responsible for ensuring accurate and timely execution of daily market valuations for various clients in accordance with each clients’ Price Source Authorization (“PSA”) agreement, standing instructions, and market best practices.

Are you the right candidate? Yes! We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

• Assist in the oversight of preparation and delivery of valuation reports to internal and external clients and/or their agents in a timely manner.
• Ensure that procedures are in place, up to date, and adhered to regarding the review and approval of portfolio market values.
• Propose changes to procedures to management with a focus of reducing risk, manual inputs, and increasing efficiencies.
• Ensure the receipt of all pricing feeds, broker quotes, back‑up pricing sources and other relevant data on a daily basis.
• Identify, research, and resolve prices breaking set tolerance levels.
• Function as a “team-player”.
• Work with peers and achieve group/client/unit goals.
• Review and sign‑off on daily group packages with a focus on accuracy, detail, audit trail, and timeliness.
• Identify, communicate, and resolve fair value situations.
• Escalate issues to manager and/or clients as required.
• Support global pricing tasks in a continuous operations environment.
• Ensure that the group is adequately trained and cross‑trained.
• Coach, mentor, and motivate staff.
• Continuously expand and improve knowledge of financial instruments, corporate actions, and best valuation practices.
• Demonstrates thorough knowledge of the various fund groups, client requirements and other market related anomalies.
• Maintain proper documentation and back‑up for audit purposes.
• Participate in and contribute to unit project initiatives.
• Provide outstanding client service to both internal and external clients.

College or university designation preferably with a concentration in finance or accounting.

1+ years experience in securities pricing, fund accounting, or custody operations / securities administration is preferable.

Knowledge of capital markets and complex securities.

Demonstrate the ability to analyze a problem, obtain and evaluate information and reach sound conclusions.

Must demonstrate the ability to work as a team player.

Excellent computer knowledge of Word, Excel, and PC databases.

Excellent communication and interpersonal skills.

Solid administration, organizational and time management skills.

Completion of the Canadian Securities Course and/or Derivatives Fundamentals Course is an asset.

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…