Business Controls Specialist, Associate 2

at  State Street

INTERNATIONAL FINANCIAL DATA SERVICES (IFDS)

IFDS, established in 2007, is a market leader in Transfer Agency Services committed to providing high quality services and technology to our clients, with European offices in Dublin and Luxembourg. IFDS is owned equally by SS&C Technologies Holdings, Inc. and State Street Bank Corporation.
IFDS Luxembourg services and supports a diverse range of products across multiple fund domicile on behalf global Asset Managers. Our unique set up provides the expertise, scale, technology and strategic support and partnership to our clients. We are deeply involved, with the support of our Shareholders, in the evolution of our Industry, towards more Innovation and Digital transformation.
IFDS Luxembourg currently services a total of €1,100 billion AUM for some of the most sophisticated and demanding asset managers in the industry. Our footprint in Luxembourg is about 320 people and we have more than 700 people globally supporting our Luxembourg businesses.
Our Mission and Values:
Our mission is to ‘build great experiences for our clients, their customers and our employees’.
This is achieved through our values of ‘PACE & L’: Professional, Accountable, Client Focused, Excellence and Leadership.
Your Role
Working closely with Operations, Risk Management and Compliance, the role of the Business Control function is to maintain a robust control governance framework that supports the IFDSL global operating model; ensuring adherence to prescribed controls and procedures, monitoring performance against procedural controls and promoting a partnership approach with IFDSL Operational teams and our outsourcing service providers.
The Business Control Associate 2 is required to demonstrate a comprehensive knowledge of relevant key controls, alongside a broad understanding of related and interfacing Transfer Agency activities.
Effective management of your own day to day responsibilities is expected with an emphasis on department objectives and the implementation of the IFDS Luxembourg Control framework for existing and new relationships.
Your Team
This individual will be part of the Business Controls team dedicated to Transfer Agency specifically.

Your Responsibilities

• Provide support in the wider area of MIS analysis, continuous improvement and quality reviews including our outsourcing service providers who handle Luxembourg domiciled funds.
• Build strong working relationships with management and staff across all functions to achieve operational control objectives.
• Evaluate significant incident escalation forms ensuring root cause has been identified and robust preventative measures are considered and implemented.
• Ensure appropriate internal controls and procedures are in place and adhered to in order to mitigate against operational risks.
• Maintain the incidents monitoring log in a timely and accurate manner.

Your Profile
Experience and Knowledge

Essential

• A minimum of 5 years’ experience within a financial services or banking environment.
• Experience of completing due diligence, audit reports or monitoring & testing reviews.
• Fluency in English, both written & verbal communication.

Desirable

• Procedural, technical and product knowledge of the Transfer Agency.
• Experience in management of incidents.
• Experience in working within Transfer Agency Operations.
• Broad understanding of the wider funds industry.

Core Compentencias

• Excellent administrative, organizational and business support skills, with the ability to multi-task and to work calmly under pressure.
• Effective written and verbal communication skills in English.
• Good attention to detail while appreciating the bigger picture.
• A confident individual and self-starter, able to work independently in a specialist role and as part of a team.
• Enthusiastic with a positive can do attitude.

Qualifications
Third level / university degree in a relevant discipline
or
In the absence of a third level degree, candidates will be considered provided they can clearly demonstrate a strong suitability for the role based on experience and the other requirements set out in the job description
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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.

• Provide support in the wider area of MIS analysis, continuous improvement and quality reviews including our outsourcing service providers who handle Luxembourg domiciled funds.
• Build strong working relationships with management and staff across all functions to achieve operational control objectives.
• Evaluate significant incident escalation forms ensuring root cause has been identified and robust preventative measures are considered and implemented.
• Ensure appropriate internal controls and procedures are in place and adhered to in order to mitigate against operational risks.
• Maintain the incidents monitoring log in a timely and accurate manner