Alternative Investment Solutions (AIS) Onboarding, Senior Associate at State Street Corporation - United States

Quincy, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

20 Mar, 26

Salary

94120.0

Posted On

20 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

AML/KYC, Risk Management, Communication Skills, Interpersonal Skills, Organizational Skills, Problem Resolution, Analytical Skills, Detail Oriented, Relationship Management

Industry

Financial Services

Description

This position supports State Street’s Alternative Investment Solutions Division (AIS) through the participation in new business onboarding which is related to the advancement of the risk and compliance agenda for AIS. Working with the AIS Business, the incumbent is responsible for supporting client teams in all locations servicing private equity, hedge and real estate funds. Responsibilities: As a member of the AIS Business Integration team, the Business Integration Senior Associate (SR) assists in facilitating the implementation of new funds onto the STT or AIS platforms. This role has overall responsibility for leading customer (i.e., fund/entity) launches through the onboarding process. This process includes but is not limited to AML/KYC, Risk Ratings and overseeing the client level contractual agreement process. The SR will be accountable for the completion of the tasks related to new business onboarding policies and procedures in accordance to established deadlines. They will liaise with internal sub-service organizations (i.e., CaRRS, risk, legal, relationship management, etc.). This role is responsible for satisfying business needs, identifying key issues with processes and taking a broad perspective to problem resolution. As part of the AIS team the incumbent has specific responsibilities in critical business functions. Business Integration Team Collects and processes all related information and documentation required to onboard a new customer (fund/entity) onto State Street’s platforms. Works closely with the client and the business/deal initiator as related to the launch of new funds Review entity constitutive documents (formation/incorporation documents; Offering Memorandum; Partnership Agreements, Admin/Fee Agreements, etc.) to obtain all relevant information for establishment of entities on the respective systems. Coordinates the overall onboarding communications, risks, and issues resolution. Assists in coordinating communication with applicable parties; Client, Relationship Manager, Deal Team and business leads concerning the onboarding status and issues. Clearly communicates status both verbally and in written format. Escalates to all stakeholders as necessary to ensure timely onboarding of new entities. Demonstrates an understanding of the impact of problems across the organization and facilitates a collaborative solution Scope The optimal candidate should be diligent, meticulous, process-oriented, and well-spoken with the ability to talk to multiple levels within both the State Street organization and the client organization. Requirements/Experience: Equivalent to a degree in Business, Accounting, Legal or related field Knowledge of AML/KYC policies a plus and/or 1-3 years financial services experience Excellent interpersonal, organizational and communication skills Ability to develop relationships within and outside of the organization Strong problem resolution and analytical skills Organized, highly motivated, and detail oriented Meet all requirements for performance planning process including goal setting and self-evaluations Participate in required and optional training Salary Range: $52,000 - $94,120 Annual The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ. Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans. For a full overview, visit https://hrportal.ehr.com/statestreet/Home. About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. 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. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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Responsibilities

The Senior Associate will lead the onboarding process for new funds, ensuring compliance with AML/KYC and risk ratings. They will coordinate communications and resolve issues related to the onboarding of clients.