Operations Early Career Entry Program

About the Role

The Operations Early Career Entry Program is designed to develop graduates technically and professionally to become future leaders. Participants will learn from respected, highly qualified professionals and receive support from individual mentors and development programs. Interns will explore a collaborative and dynamic company culture and receive:

• A structured learning and development program, including job-specific trainings, professional development, and soft skills trainings.
• A buddy for experience, knowledge, and guidance.
• Dedicated networking events for interns.
• Leadership and business-related sessions with Senior Management.
• Opportunities to grow professional networks by joining Employee Committees (e.g., Professional PWN, Families Network, Disability & Inclusion Network, Pride & Friends Network, Environmental Sustainability Network).

Internship dates: January 2027 – July 2027.

Availability to participate in person for the full duration, working from the office 5 days a week, is required.

Why this role is important to us

The Global Delivery Function serves as the foundation of the organization, helping clients achieve better investment outcomes. It performs all operational functions for back and middle office products and services, including custody, accounting, fund administration, transfer agency, middle office, and cash processing services for asset managers, asset owners, alternative investors, and insurance companies across all asset classes.

Key Responsibilities

As an Intern, you will be part of one of the following departments:

• Fund Accountant:

• Calculate net asset values of funds by processing daily accounting functions to ensure accurate and timely fund prices.

• Act as the central point of contact for accounting support functions.

• Analyze information received, monitoring and resolving discrepancies professionally.

• Financial Reporting Specialist:

• Prepare financial statements for annual and interim cycles.

• Prepare and complete the first draft of audited annual and unaudited interim financial statements from trial balance, including Profit and Loss Account, Balance Sheet, Cash Flow, Schedule of Investments, and notes to financial statements.

• Derivatives Specialist:

• Process complex futures and options for European exchange-traded derivatives, Centre of Excellence book of business, and supplementary business offshored from other State Street sites.

• Act as the central point of contact for clearing banks and client service teams across all sites.

• Handle cash instructions and improve processes for accurate and efficient recording of derivative instruments.

• Financial Accountant:

• Perform accounting processes including, but not limited to: accounting document processing, journal processing, payment preparation, account reconciliation preparation, verification of reports, and other assigned projects.

• Treasury Accountant:

• Perform treasury processes including, but not limited to: treasury transactions processing (money market, stock market), payment preparation/approval, collateral management/margins, monitoring minimum required reserves in national central banks, bank account reconciliation (cash positions, balance sheet) reports, and other assigned projects.

• Transfer Agency Administrator:

• Process trades and maintain investor accounts, issue reporting, and resolution.

• Process investor transactions, review documentation for anti-money laundering compliance, and save documentation.

• Middle Office Administrator:

• Process trade files submitted by the Fund daily on trade-date.

• Confirm trades (electronic, telephonic, or hard copy) based on trade files and counterparty details.

• Monitor trade fails with prime brokers, counterparties, and the Fund, including reviewing prime broker/custodian fail or mismatch reports.

• Pricing Administrator:

• Assist in the accurate and efficient pricing of a range of securities held by investment funds.

• Price exchange-traded securities and validate against sources such as Bloomberg, Reuters, and FTID.

• Risk Analyst:

• Assist the Enterprise Risk Management (ERM) division in establishing and maintaining risk management policies, guidelines, and limits.

• Support executive and business-level management in minimizing operational, credit, legal, regulatory, reputational, and other risks.

• Compliance Analyst:

• Monitor compliance results on client portfolios related to regulatory and Investment Manager (IM) mandates.

• Utilize the Investment Compliance & Reporting platform to research, analyze, and report on portfolio compliance with investment restrictions.

• Data Management Analyst:

• Work with IT and Investment Compliance/Market Conformity Business Units to procure data for daily compliance and conformity checks.

• Update and maintain market data, static data, and holdings data not automatically fed to the core application via automated feeds.

• Anti-Money Laundering Specialist:

• Review investor Anti-Money Laundering documentation in line with AML policies.

• Liaise with Transfer Agency teams to request and obtain required data from investors and/or clients.

Requirements & Tech Stack

• Basic knowledge in MS Office.
• Good written and spoken English.

Qualifications

• Final Year Students enrolled in full-time undergraduate studies in the penultimate year of a degree in Finance, Accounting, or Economics are preferred. Applicants from other disciplines may also apply.
• Enthusiastic about building a long-term career in a dynamic organization.
• Effective communicators with the ability to collaborate in a team-oriented environment.
• Open to feedback and committed to continuous learning and improvement.
• Motivated by real-world problem solving and eager to contribute innovative ideas.

What We Value

• Combination of academic aptitude, analytical capabilities, and excellent communication.
• Strong critical thinking, problem-solving, and decision-making skills.
• Display a culture of individual ownership of tasks and a clear sense of accountability.
• Display the highest level of the Code of Conduct in your behavior.
• Support the ‘Risk Excellence’ culture within the business.
• Adhere to limits of delegation and escalation procedures.
• Desire to develop your career in the finance industry.