Senior Securities Customer Service Associate, Finance And Insurance Industry
- Recruiter
- State Street Bank
- Location
- Boston, MA, USA
- Salary
- Competitive salary
- Posted
- 12 Nov 2019
- Closes
- 12 Dec 2019
- Ref
- 6791350
- Job role
- Accountant
Securities Finance Client Management Support - Senior Associate Boston, Massachusetts/en-US/Global/job/Boston-Massachusetts/Securities-Finance-Client-Management-Support---Senior-Associate_R-629363-1/apply
State Streets Securities Finance (SF) division is functionally organized into three main areas Client Management, Trading and Business Development in addition to many support and management functions that span the three Securities Finance products: Agency Lending, Enhanced Custody (EC) and Alternative Financing Solutions (AFS). These products allow State Street clients to generate income, facilitate short sales or generate financing through the lending and borrowing of securities. The Agency Lending product is a long-established business and State Street is considered an industry leader in the agency lending space. It is a $3.97 trillion global business that generates liquidity for global financial markets and additional income for clients. Clients lend unutilized securities to a borrower in return for other securities or cash collateral and the borrower pays a basis point fee for the duration of the loan. The EC and AFS products are more recently established and are among the fastest growing products at State Street.
As a Client Management Support Associate, you will have the opportunity to learn the Securities Finance products in a fast-paced environment. You will work with our client managers that service our institutional investor clients as well as different teams on the trading floor including trading, risk, operations, reporting and portfolio management.
Primary Responsibilities:
Qualifications:
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. Its also part of our commitment to inclusion, development and engagement, and corporate social responsibility. Youll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.
As an Affirmative Action/Equal Opportunity Employer, we consider applications for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. For more information, for U.S. jobs only, please read our .
State Streets Securities Finance (SF) division is functionally organized into three main areas Client Management, Trading and Business Development in addition to many support and management functions that span the three Securities Finance products: Agency Lending, Enhanced Custody (EC) and Alternative Financing Solutions (AFS). These products allow State Street clients to generate income, facilitate short sales or generate financing through the lending and borrowing of securities. The Agency Lending product is a long-established business and State Street is considered an industry leader in the agency lending space. It is a $3.97 trillion global business that generates liquidity for global financial markets and additional income for clients. Clients lend unutilized securities to a borrower in return for other securities or cash collateral and the borrower pays a basis point fee for the duration of the loan. The EC and AFS products are more recently established and are among the fastest growing products at State Street.
As a Client Management Support Associate, you will have the opportunity to learn the Securities Finance products in a fast-paced environment. You will work with our client managers that service our institutional investor clients as well as different teams on the trading floor including trading, risk, operations, reporting and portfolio management.
Primary Responsibilities:
- Actively support 10+ client managers in servicing their relationships (e.g., generate reports, resolving operational issues, proactively monitoring account activity & researching problems)
- Prepare presentations, reporting, and benchmarking data for clients
- Research factors impacting clients lending performance
- Process updates to clients program parameters and assist in maintaining correct client lending profiles
- Producing and reviewing revenue estimates with the Algorithmic Trading team in order to grow new from existing business through expansion of program parameters/guidelines
- Work with Global Services and other State Street divisions to address any operational issues, reconcile reports, settle trades, maintain accounts and report accurate data
- Proactively improve and optimize processes across the Client Management Teams daily, monthly and quarterly tasks
- Assist on ad-hoc projects as required
Qualifications:
- Bachelor's Degree required
- 1-3 years financial services experience
- Knowledge of capital markets, banking and the investment industry
- Knowledge of MCH or DML is a plus (State Street internal systems)
- Strong Access, Excel, Word and PowerPoint skills
- Excellent communication & presentation skills
- Experience using Qlik/Python/VBA is an additional benefit but not required
- The candidate should have strong written skills and be able to effectively organize and prioritize a workload
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. Its also part of our commitment to inclusion, development and engagement, and corporate social responsibility. Youll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.
As an Affirmative Action/Equal Opportunity Employer, we consider applications for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. For more information, for U.S. jobs only, please read our .
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