At a Glance
- Tasks: Manage daily fund operations and ensure compliance with regulations.
- Company: Join State Street, a global leader in financial services with an inclusive culture.
- Benefits: Flexible work-life support, paid volunteer days, and vibrant employee networks.
- Other info: Be part of a supportive team that values innovation and accountability.
- Why this job: Make your mark in finance and drive performance from day one.
- Qualifications: Experience in fund accounting or customer service; degree preferred but not essential.
The predicted salary is between 30000 - 40000 £ per year.
This role is in our UK Fund Order Services operations team. This is an exciting opportunity to be a key part of a growing global team, with exposure to Unit Dealing and Cash Allocation and Rebalance (CAAR).
The team you will be joining plays a vital role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams to help navigate employees and the organisation. In your role you will strive for innovative solutions that are straightforward and scalable. You will help us build resilience and execute day-to-day deliverables at our best.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
- Manage daily execution of Fund Manager Unit Dealing for collective investment schemes.
- Provide secondary approval for Cash Allocation and Rebalance (CAAR) calculations and daily Unit Dealing deal execution.
- Ensure that all relevant checks are performed for accuracy and timeliness, to meet the stringent internal and external deadlines.
- Provide secondary approval in the daily confirmation and loading of deals into State Street systems following strict procedures to ensure accurate capture of nominal, prices, and shares in a timely manner.
- Ensure that the business unit operates in compliance with internal and external regulations and that escalation procedures are followed.
- Ensure that all procedures, systems, and controls are regularly reviewed and in line with the risk profile of the unit.
- Conduct periodic business reviews ensuring associated risks are identified and managed and appropriate remedial action is taken as necessary.
- Provide strategic oversight to business line development through identification of key issues and trends.
Managerial
- Maintain a detailed understanding of the scope of the role's managerial responsibilities.
- Ensure that your team has clear understanding of their reporting lines, authority levels, scope of responsibilities, objectives, training and competency requirements plus progress is reviewed regularly in line with Company policy.
- Develop effective working relationships and communications with staff and ensure that staff are motivated, developed and supported.
- Establish and monitor systems of control, delegated authority, and escalation procedures so that the business complies with internal policies and external regulations.
- Adhere to the delegation and oversight framework in the performance of daily tasks.
- Establish and monitor an effective delegation framework to ensure that tasks are performed by staff members with appropriate capacity and authority level.
- Establish and nurture a culture of 'Risk Excellence' within the team, encourage an environment of openness that welcomes effective challenge and supports open discussion.
- Ensure that you make reasonable decisions by exercising reasonable care when considering information available to you.
- Establish and nurture a culture of individual ownership of tasks to embed a clear individual sense of accountability into staff members' behaviour in performing their roles.
- Ensure that the highest level of the Code of Conduct is displayed in your own and staff behaviour.
What we value
- Fund accounting and/or pricing experience and/or dealing gained within Unit Linked, Pension or Retail Funds' environment.
- Excellent Customer Services skills.
- Good Excel skills.
- Knowledge and understanding of the investment regulations.
Education & Preferred Qualifications
- Ideally to degree standard although previous industry experience will also be considered.
Additional requirements
- Good motivator/leader, providing support but also able to delegate and manage the team.
- Ability to work under tight timescales and under pressure for daily, weekly and monthly deadlines ensuring accountability and ownership.
- Able to show initiative and make sound judgments.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, 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.
Fund Order Services, Officer employer: State Street
State Street is an exceptional employer that prioritises inclusivity and employee empowerment, making it a fantastic place to grow your career in the financial services industry. With a strong commitment to professional development, flexible work-life balance, and vibrant employee networks, you will find ample opportunities to make a meaningful impact while being supported by a culture that values diversity and innovation. Join us in our UK Fund Order Services team and be part of a global organisation that champions resilience and excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Fund Order Services, Officer
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at State Street. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising common questions related to Fund Order Services. Think about how your skills align with their needs, especially around risk management and compliance.
✨Tip Number 3
Showcase your Excel skills! Be ready to discuss how you've used them in past roles. Maybe even bring examples of how you've improved processes or solved problems using data.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're genuinely interested in being part of the State Street team.
We think you need these skills to ace Fund Order Services, Officer
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Fund Order Services Officer role. Highlight your relevant experience in fund accounting or pricing, and show how your skills align with what we’re looking for at State Street.
Showcase Your Skills:Don’t forget to emphasise your customer service skills and Excel proficiency. We want to see how you can contribute to our team’s success, so give us examples of how you've used these skills in previous roles.
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language and avoid jargon. We appreciate a well-structured application that makes it easy for us to see your qualifications.
Apply Through Our Website:Make sure to submit your application through our official website. This helps us keep track of your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at State Street
✨Know Your Numbers
As a Fund Order Services Officer, you'll be dealing with numbers daily. Brush up on your fund accounting and pricing knowledge before the interview. Be ready to discuss how you've handled similar tasks in the past, and don't shy away from showcasing your Excel skills.
✨Showcase Your Leadership Skills
This role requires strong managerial abilities. Prepare examples of how you've motivated and led a team in previous positions. Highlight your experience in delegating tasks and ensuring accountability within your team, as this will resonate well with the interviewers.
✨Understand the Regulatory Landscape
Familiarise yourself with the investment regulations relevant to the role. Be prepared to discuss how you ensure compliance in your work. This shows that you understand the importance of adhering to internal and external regulations, which is crucial for the position.
✨Demonstrate Problem-Solving Skills
The ability to think on your feet is essential in this fast-paced environment. Prepare to share specific examples of challenges you've faced in previous roles and how you approached them. This will demonstrate your initiative and sound judgment, key traits for success in this position.
