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Depository & Fiduciary Services (Fixed Term
2 weeks ago
Across the globe, institutional investors rely on State Street to help them manage risk, respond to challenges through solutions, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged professionals are essential to our success.
Our commitment to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.
**Who we are looking for**
SSTL acts as Trustee/Depositary to Undertakings for Collective Investment in Transferable Securities (UCITS) funds and authorised and unauthorised Alternative Investment Funds (AIFs) and is currently one of the largest Depositary/Trustee service providers in the UK. As part of the team, you will play a role in overseeing the activities of our Depositary Support CoE team and our client activities in reference to the regulatory requirements.
**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.
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**
As Depositary/Fiduciary Services, Officer you will
- Support the management of the internal SSTL Operations team and Client Due Diligence team responsible for Service Delivery.
- Play a supporting role in day to day client relationships, conducting regular service reviews and other meetings with Operational and Due Diligence staff and SSTL management as appropriate
- Ensure that the business complies with applicable regulations, including but not limited to COLL, FUND and CASS rulebooks and that systems and controls are sufficiently robust to mitigate any risks to the business whilst providing support to all levels as necessary.
- Support business processes and controls to ensure oversight of custodians who hold client assets on behalf of SSTL are carrying out their duties and controls to safe keep and administer client assets in a manner appropriate to the CASS source book.
- Effective delivery of change ensuring that the business remains as efficient as possible at all times
- Support the continued development a risk based approach operating to meet the fiduciary requirements of SSTL
- Undertake desk-based and on-site due diligence reviews of clients and delegated functions supporting the production of oversight reports in a timeous manner.
- Monitor and evaluate the continuing effectiveness of SSTL processes and procedures
**What we value**
These skills will help you succeed in this role
- Good People Management skills
- Good Communication skills
- Good in Time management and Workload Prioritization
- Good Excel and IT skills
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.
State Street is an equal opportunity and affirmative action employer.
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