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Mutual Funds Operations Analyst - State Street Global Advisors, Off

State Street Corporation
Boston, USA
Closing date
Jun 20, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
State Street Global Advisors manages and is a promoter of around 400 funds. The Global Funds Management team provides a centralized oversight program for various SSGA products and services by implementing, managing and/or overseeing the administration, tax, treasury, fund governance and regulatory reporting requirements for SSGA funds; including transfer agency and regulatory report distribution using both internal and external service providers.

The strategic objective of the role is to ensure services provided to our funds are overseen and administered by our vendors pursuant to our agreements and service levels and that payments to our intermediary partners are made timely and accurately.

This role primarily focuses on supporting our Distributor in making payments to intermediary partners under various agreements and payments to others under fund distribution and shareholder servicing plans. Regular summarizing of information and reporting for our fund boards is a critical function of the role. The successful candidate will also be involved in the intermediary oversight and due diligence process as well as taking part in ongoing regulatory mailing of reports to shareholders and overseeing several transfer agents and other external vendors services who service our funds.

The successful candidate will work within a team of individuals engaged in similar and related activities which will provide for continued learning and cross training to support a high performing group.

As Mutual Funds Operations, you will:
  • Update and maintain procedures detailing the intermediary payment process and reporting
  • Prepare monthly/quarterly Intermediary payments for 12(b)-1 and Shareholder Servicing fees
  • Prepare Quarterly Board reports for Intermediary fee payments
  • Prepare and send monthly/quarterly fee payments statements to Intermediary's
  • Ensure fee payments are set up in fee management system as new intermediaries are onboarded.
  • Assist with annual intermediary oversight activity and participate in our cross-functional working group
  • Assist with shareholder mailings i.e., regulatory, year-end tax reporting, statement messaging, etc.
  • Monitor Funds for disruptive trading
  • Assist with large trade notifications
  • Assist in monitoring daily redemption facility process
  • Maintain systems connectivity with transfer agents
  • Ensure timely execution of all business as usual (BAU) processes with a focus on minimizing enterprise risk
  • Assist with ad hoc initiatives pertaining to services overseen or department or firm activities
  • Client Service - Assist as a point of contact/liaison with internal teams and transfer agents for day to day operations
  • Support related business units such as Cash Investments and SSGA Fund Distributors, Inc

These skills will help you succeed in this role
  • Must be proficient in Excel and MS office products
  • Understanding of registered investment companies (mutual funds and exchange traded funds)
  • Experience with fund expenses is desirable
  • Detail oriented, strong organizational skills
  • High level of initiative and ownership
  • Strong verbal communication skills
  • Quality and Risk Excellence focused

Education & Preferred Qualifications
  • Good numerical and analytical abilities
  • Ability to work in a deadline oriented environment
  • Excellent attention to detail
  • Good communication skills - both verbal and written
  • Team player
  • Enthusiastic and Self-reliant
  • Bachelor's degree
  • 3-5 years relevant experience in areas such as transfer agency operations or participant recordkeeping, fund accounting, fulfilment, or related finance functions
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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program 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 perspective 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 the 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 program 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.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Salary Range:
$60,000 - $90,000 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

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