Apprentice

About the Role

State Street is offering Graduate Opportunities for Finance Graduates to start their careers in financial services. These roles are designed to develop graduates technically and professionally, aiming to shape future leaders and Finance experts.

Key Responsibilities

• Fund Accountant:
• Calculate net asset values of funds.
• Process daily accounting functions.
• Act as a central point of contact for accounting support.
• Analyze information and resolve discrepancies.
• Financial Reporting Specialist:
• Prepare financial statements for annual and interim cycles.
• Complete first drafts of audited annual and un-audited interim financial statements from trial balance, including:
• Profit and Loss Account
• Balance Sheet
• Cash Flow
• Schedule of Investments
• Notes to financial statements
• Derivatives Specialist:
• Process complex futures and options for European exchange traded derivatives.
• Serve as a central point of contact for clearing banks and client service teams.
• Handle cash instructions.
• Improve processes for recording derivative instruments.
• Financial Accountant:
• Process accounting documents.
• Process journals.
• Prepare payments.
• Prepare account reconciliations.
• Verify reports.
• Perform other projects as assigned.
• Treasury Accountant:
• Process treasury transactions (money market, stock market).
• Prepare/approve payments.
• Manage collateral/margins.
• Monitor minimum required reserves.
• Reconcile bank accounts (cash positions, balance sheet) reports.
• Perform other projects as assigned.
• Transfer Agency Administrator:
• Process trades.
• Maintain investor accounts.
• Report and resolve issues.
• Review documentation for anti-money laundering compliance.
• Enter subscriptions on ISS and save documentation on DMS.
• Middle Office Administrator:
• Process daily trade files from the Fund.
• Confirm trades (electronic, telephonic, or hard copy).
• Monitor trade fails with prime brokers, counterparties, and the Fund.
• Review prime broker/custodian fails or report mismatches.
• Pricing Administrator:
• Assist in accurate and efficient pricing of securities held by investment funds.
• Price exchange-traded securities.
• Validate pricing against sources such as Bloomberg, Reuters, and FTID.
• Risk Analyst:
• Assist the Enterprise Risk Management (ERM) division.
• Maintain risk management policies, guidelines, and limits.
• Assist management in minimizing operational, credit, legal, regulatory, and reputational 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.
• Complete research, analysis, and reporting to ensure portfolio compliance with investment restrictions.
• Data Management Analyst:
• Work with IT and 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.
• Anti-Money Laundering Specialist:
• Review investor Anti-Money Laundering documentation.
• Liaise with Transfer Agency teams to obtain required data from investors and/or clients.

Requirements & Tech Stack

• Majoring in Finance, Accounting, or Economics preferred. Other majors are also valid.
• Basic experience with MS Office.
• Good written and spoken English.

Qualifications

• Well-rounded student with a combination of academic aptitude, analytical capabilities, and excellent communication skills.
• Desire to develop a career in the finance industry.
• Involvement with student organizations is an added advantage.
• Display a culture of individual ownership and accountability.
• Ensure the highest level of the Code of Conduct is displayed in behavior.
• Provide appropriate management information to support business unit decision-making.
• Support the ‘Risk Excellence’ culture.
• Adhere to limits of delegation and escalation procedures.