Subcustodian Network Assistant, Senior Associate

State Street Corporation
Edinburgh, United Kingdom
19 May 2022
18 Jun 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for

As part of a geographically diverse group, the Subcustodian Network Assistant role is responsible for supporting a team of Subcustodian Network Managers and the Subcustodian and correspondent banks they cover.

Key responsibilities include, but are not limited to, coordination and assisting in the setup of meetings and calls, assisting with risk assessment, participating in Subcustodian visits, development of detailed knowledge of applicable market structures, settlement practices, safekeeping systems, supporting Network Managers in the completion of regulatory elements of our business and coordination of specific market and client requests.

This position requires that the candidate assists with the monitoring, evaluating and communication of market developments including their impact and risk, as well as developing knowledge about operating models, infrastructure, and regulatory framework for the assigned regions. The candidate will assist in the communication of this information to internal and external clients verbally, in writing and through formal presentations, as appropriate.

The candidate will also assist with the management of projects and coordination of efforts with other teams and business units. Examples of projects the Subcustodian Network Assistant may be involved with include agent bank RFPs, operating requirements reviews and preparation of client matrices.

This role requires effective verbal and written communication, with the potential for frequent interaction with senior management, internal and external clients and industry colleagues, as well as market regulators and industry groups.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS' tools help our clients make better investment choices and act on growth opportunities.

What you will be responsible for

As Subcustodian Network Assistant you will
  • Requires reading comprehension, presentation and listening skills.
  • Requires a global strategic mindset with the ability to prioritize issues and collaborate with the broader team and business areas across the organization.
  • Must be able to work independently and as part of a team providing solutions and recommendations to management.

What we value

These skills will help you succeed in this role
  • Must be able to work with individuals at all levels from entry level to executive management both internally and externally.

Education & Preferred Qualifications
  • Bachelor's degree preferred. 2+ years of global custody operations and client service or related experience.

Additional requirements
  • Must be willing to work with geographically and culturally diverse colleagues across different business units, as well as with external clients.
  • Must have an understanding of financial markets and the functions and processes associated with transaction settlement and asset servicing.

About State Street

What we do

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility

We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

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