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Middle Office - Associate 2

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State Street

Sep 10, 2024

  • Job
    Full-time
    Junior, Mid & Senior Level
  • Hyderabad
  • Quick Apply

AI generated summary

  • You should have a graduate degree or B.S. in Accounting/Finance, strong communication and organizational skills, attention to detail, and be deadline-oriented with issue escalation ability.
  • You will analyze reports, manage deadlines, validate and approve documents, resolve issues, collaborate with teams, and provide desk support for various clients.

Requirements

  • Graduate or Master degree preferred
  • B.S. degree in Accounting or Finance preferred plus Knowledge of securities language preferred or equivalent work experience
  • Strong interpersonal, organizational and attention to detail skills
  • Strong written and verbal communications
  • Must be deadline oriented with the ability to escalate issues in a timely manner

Responsibilities

  • Build cooperative and professional internal / external relationships achieving group and client goals.
  • Perform analysis of reports to ensure they meet the clients requirements and escalate any potential issues to internal teams.
  • Take ownership of issues to resolution and consult with manager where further clarification is required.
  • Prioritize and manage multiple reporting deadlines, maintain checklist to ensure all requirements have been met prior to the approving of reports.
  • Validate and approve reports as completed and provide updates as reports are completed and sent.
  • Interact with various IMS teams as required (Accounting, Portfolio Control, Fee Billing).
  • Remains familiar with back-up procedures when system applications and/or transmission problems arise.
  • Crossed trained on various clients to be able to provide desk support as needed.

FAQs

What is the primary responsibility of the Middle Office Associate 2?

The primary responsibility is to review, analyze, and approve client reports associated with external asset managers, ensuring that assigned accounts meet client requirements.

What qualifications are preferred for this role?

A graduate or master's degree is preferred, along with a B.S. degree in Accounting or Finance, and knowledge of securities language or equivalent work experience.

Is prior experience in finance or accounting required?

While specific experience is not mandated, knowledge of securities language and relevant work experience in finance or accounting is preferred.

What skills are important for this position?

Strong interpersonal skills, organizational abilities, attention to detail, and effective written and verbal communication skills are important for this position.

What is the team structure within the Middle Office function?

The Middle Office function operates as part of the Front to Back office strategy in asset management, providing integrated solutions that encompass front-, middle-, and back-office services.

Will I have the opportunity to interact with other teams?

Yes, you will interact with various IMS teams, including Accounting, Portfolio Control, and Fee Billing, as required.

What is the importance of meeting reporting deadlines?

Meeting reporting deadlines is crucial to ensure that assigned accounts are reviewed promptly and meet client delivery expectations.

What kind of work environment does State Street offer?

State Street strives to create a great work environment with competitive and comprehensive benefits packages, flexible work programs, and development opportunities.

How does State Street prioritize inclusion and diversity?

State Street values diverse backgrounds, experiences, and perspectives, fostering an inclusive environment where all employees can thrive and giving back to communities globally.

Is this position deadline-oriented?

Yes, the role is deadline-oriented, requiring the ability to prioritize tasks and escalate issues in a timely manner.

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State Street

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.