Operations Early Career Entry Program

About the Role

The Operations Early Career Entry Program is designed to develop graduates technically and professionally, with the goal of becoming future leaders. Interns will learn from highly qualified industry professionals, supported by individual mentors and development programs. The program offers a collaborative and dynamic environment where interns will receive:

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

Internship Dates: January 2027 – July 2027

Availability required in person for the full duration, with a 5-day-a-week office presence.

Why This Role Is Important to Us

State Street's Global Delivery Function serves as the foundation of the organization, helping clients achieve better investment outcomes by performing operational functions for back and middle office products and services. These services include custody, accounting, fund administration, transfer agency, middle office, and cash processing for a wide range of clients and 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.

• Ensure accurate fund prices are delivered to clients in a timely manner.

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

• Analyze received information to monitor and resolve discrepancies professionally.

• Financial Reporting Specialist:

• Prepare financial statements for annual and interim cycles.

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

• Derivatives Specialist:

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

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

• Handle some cash instructions.

• Improve processes for accurate and efficient recording of derivative instruments.

• Financial Accountant:

• Process accounting documents.

• Process journals.

• Prepare payments.

• Prepare and verify account reconciliations.

• Verify reports.

• Perform other assigned projects.

• Treasury Accountant:

• Process treasury transactions (money market, stock market).

• Prepare/approve payments.

• Manage collateral and margins.

• Monitor minimum required reserves in national central banks.

• Reconcile bank accounts (cash positions, balance sheet reports).

• Perform other assigned projects.

• Transfer Agency Administrator:

• Process trades.

• Maintain investor accounts.

• Report and resolve issues.

• Process investor transactions, including reviewing documentation for anti-money laundering (AML) compliance.

• Enter subscriptions on ISS and save documentation on DMS.

• Middle Office Administrator:

• Process fund trade files 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.

• Review prime broker/custodian fail or mismatch reports.

• Pricing Administrator:

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

• Price exchange-traded securities.

• Validate prices against sources such as Bloomberg, Reuters, and FTID.

• Risk Analyst:

• Establish and maintain appropriate risk management policies, guidelines, and limits within Enterprise Risk Management (ERM).

• Assist 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 State Street’s Investment Compliance & Reporting platform.

• Conduct research, analysis, and reporting to ensure portfolio compliance with investment restrictions.

• Data Management Analyst:

• Collaborate 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 MIG 21.

• Anti-Money Laundering Specialist:

• Review investor AML documentation in line with AML policies.

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

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 and accountability.
• Uphold the highest level of the Code of Conduct.
• Support a ‘Risk Excellence’ culture.
• Adhere to limits of delegation and escalation procedures.
• Desire to develop your career in the finance industry.
• Good written and spoken English.
• Basic knowledge in MS Office.

Education & Preferred Qualifications

• Final Year Students enrolled in full-time undergraduate degree programs 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.