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Local Paying Agent, Associate 1

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State Street

Nov 13, 2024

  • Job
    Full-time
    Junior & Mid Level
  • Business, Operations & Strategy
    Banking & Finance
  • Milan
  • Quick Apply

AI generated summary

  • You need 1-3 years in financial services, analytical skills, attention to detail, strong communication, teamwork, and autonomy. A degree in finance is a plus; fluency in English is essential.
  • You will monitor operations, liaise with third parties, assist distributors, ensure oversight, maintain relationships, update procedures, and focus on personal development.

Requirements

  • Business competencies in the industry, direct experience in local paying agent is a plus;
  • Ability to analyse a situation and obtain information to reach sound conclusions;
  • Organizational skills, with attention to detail and meeting tight deadlines;
  • Good communication skills;
  • Service-oriented and results-focused;
  • Ability to work autonomously;
  • Good team player;
  • English (fluent, spoken and in writing).
  • Degree in economy or finance is a plus;
  • Minimum of 1 to 3 years professional experience in financial service.
  • High attention to details;
  • Taking ownership and initiative;
  • Ensuring accuracy and quality;
  • Fostering collaboration and teamwork;
  • Ability to perform effectively within strict client deadlines;
  • Ability to learn quickly and work in a team environment.

Responsibilities

  • Perform and monitor day-to-day operations;
  • Following up with third parties, including TA, distributors and fund managers;
  • Assisting distributors’ requests on a daily basis;
  • Perform oversight duties;
  • Establish and maintain good working relationships with internal clients and colleagues;
  • Keep up to date procedures and job aid;
  • Take responsibility for personal development and training.

FAQs

What is the primary role of the Local Paying Agent team?

The Local Paying Agent team is responsible for performing all activities related to the end-to-end process of orders related to foreign funds, which includes day-to-day operations, project activities, and oversight of corporate actions.

What qualifications are preferred for this position?

A degree in economy or finance is preferred, along with a minimum of 1 to 3 years of professional experience in financial services.

Is experience in a local paying agent role necessary?

Direct experience in a local paying agent role is a plus, but it is not strictly necessary.

What skills are essential for this role?

Essential skills include strong organizational abilities, attention to detail, good communication skills, a service-oriented mindset, and the ability to work both autonomously and as part of a team.

Will I work closely with other departments?

Yes, the candidate will work closely with managers, colleagues from the global delivery department, and other State Street offices.

Is fluency in English required?

Yes, fluency in English, both spoken and written, is required for this position.

What are the daily responsibilities of this role?

Daily responsibilities include performing and monitoring operational tasks, following up with third parties, assisting distributor requests, and maintaining good working relationships with internal clients and colleagues.

How does State Street support employee development?

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

What is the work culture like at State Street?

State Street promotes a positive work environment with a focus on inclusion, diversity, and social responsibility, encouraging employees from diverse backgrounds to thrive.

Are there benefits for employees?

Yes, there are competitive and comprehensive benefits packages, including generous medical care, insurance, savings plans, and flexible work programs.

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
10,001+
Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.