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. Interns will learn from respected, highly qualified individuals and be supported by mentors and development programs. The program offers a collaborative and dynamic environment, with participants receiving:

• A structured learning and development program, job-specific training, and professional development including soft skills.
• 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 Details

• Dates: January 2027 – July 2027
• Availability: Must be available in person for the full duration, starting day one.
• Work Location: Required to work from the office 5 days a week.

Why This Role Is Important

State Street's Global Delivery Function serves as the foundation of the organization, helping clients achieve better investment outcomes. This function 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 various institutional clients across all asset classes.

Key Responsibilities (Potential Department Placements)

• Fund Accountant:
• Calculate net asset values of funds by processing daily accounting functions.
• Ensure accurate fund prices are delivered to clients timely.
• Act as a central point of contact for accounting support.
• Analyze information to monitor 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, and notes to financial statements.
• Derivatives Specialist:
• Process complex futures and options for European exchange-traded derivatives.
• Handle the Centre of Excellence book of business and supplementary business.
• Serve as a central point of contact for clearing banks and client service teams.
• Process some cash instructions.
• Improve processes for accurate and efficient derivative instrument recording.
• Financial Accountant:
• Process accounting documents.
• Process journals.
• Prepare payments.
• Prepare and verify account reconciliations.
• Perform other assigned projects.
• Treasury Accountant:
• Process treasury transactions (money market, stock market).
• Prepare/approve payments.
• Manage collateral and margins.
• Monitor minimum required reserves.
• Reconcile bank accounts (cash positions, balance sheet reports).
• Perform other assigned projects.
• Transfer Agency Administrator:
• Process investor transactions.
• Review documentation for anti-money laundering compliance.
• Enter subscriptions into ISS and save documentation on DMS.
• Manage investor account maintenance.
• Handle issue reporting and resolution.
• Middle Office Administrator:
• Process trade files submitted by the Fund daily on trade-date.
• Confirm trades (electronic, telephonic, or hard copy).
• Monitor trade fails with prime brokers, counterparties, and the Fund.
• Review prime broker/custodian fail or mismatch reports.
• Pricing Administrator:
• Assist in accurate and efficient pricing 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 management in minimizing operational, credit, legal, regulatory, reputation, and other risks.
• Compliance Analyst:
• Monitor compliance results on client portfolios related to Regulatory and Investment Manager mandates.
• Utilize the Investment Compliance & Reporting platform to research, analyze, and report on portfolio compliance with investment restrictions.
• Data Management Analyst:
• Collaborate 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 in line with AML policies.
• Liaise with Transfer Agency teams to request and obtain required data from investors/clients.

What We Value

• Combination of academic aptitude, analytical capabilities, and excellent communication.
• Strong critical thinking, problem-solving, and decision-making skills.
• Individual ownership of tasks and a clear sense of accountability.
• Adherence to the Code of Conduct.
• Support for a ‘Risk Excellence’ culture.
• Adherence to limits of delegation and escalation procedures.
• Desire to develop a 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 degrees 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.

About State Street

State Street is a leading global financial services company, providing investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. For over two centuries, State Street has been safeguarding and stewarding the investments of millions. The company offers competitive and comprehensive benefits, including medical care, insurance, and savings plans, along with flexible work programs and development opportunities. State Street fosters an inclusive environment where diverse backgrounds and perspectives are valued, and actively engages with communities through paid volunteer days and employee networks.