Currency Management Product Specialist, Officer

at  State Street

Who we are looking for
The Currency Management team currently services in excess $300 Billion in assets under management for approx. 90 clients globally with significant global presence The currency management product team services a distinct group of clients, predominately the large mutual / managed fund segment. As such, we are expanding the reach of our client and account servicing efforts. The role will have a very marked operational and account servicing connotation but will also allow for ample exposure to clients, portfolio management techniques, product design and strategy design in general.
Why this role is important to us
The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.
Join us if making your mark in the capital markets industry from day one is a challenge you are up for.
What you will be responsible for
As a Currency Management Product Specialist, Officer you will
Major Responsibilities:

Role specifics

• Servicing existing clients on a day to day basis, managing share class and portfolio launches, onboarding new accounts, completing operational set ups and managing ad hoc projects.
• Carefully managing an accounts launch queue
• Providing day to day support to our global client base, addressing queries and resolving time critical issues.
• Interacting with operations teams including SSGM Trade support , SSGM Onboarding , Custody, Fund accounting and Transfer agents, both internal and external.
• Interacting with management locally and globally
• The role will entail some project management and coordination across multiple teams within Global Markets but also within the administrative arm of State Street.
• The role will also encompass supporting activities carried out by the EMEA hubs and will have exposure to Business Risk Management functions.
• The Product Specialist will work closely with other functional groups of the Portfolio Solutions team and will be required to:
• Establish themselves as the operational product expert and handle the operational set up of mandates for new and existing clients Globally
• Develop a strong knowledge of the full suite of products including a detailed understanding of the operational process and the fundamental principles of fund accounting and performance measurement as they relate to currency hedging
• Interact on a regular basis with existing clients and support their needs

• Lead onboarding projects with the operations team in Boston to ensure smooth new business installation. Interface with Onboarding/KYC/AML teams as required

  Education & Preferred Qualifications

• Undergraduate degree in finance or related field

• Graduate Degree in related field a plus.

Skills and Experience -

• The successful candidate should have 2 years’ experience in a similar organization (or prime broker) within an operations/product role
• Solid understanding of Fund Accounts /Custody/ Transfer agent operations and how they integrate with an outsourced FX provider.
• Solid knowledge of the lifecycle of a currency hedging mandate
• Strong operational background.
• Coding Skills a plus

Required Competencies -

• Attention to detail and time management are a must.
• Ability to work under pressure
• Good time management skills
• Motivated and self-starter

Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
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.
Salary Range:
$65,000 - $102,500 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

• Servicing existing clients on a day to day basis, managing share class and portfolio launches, onboarding new accounts, completing operational set ups and managing ad hoc projects.
• Carefully managing an accounts launch queue
• Providing day to day support to our global client base, addressing queries and resolving time critical issues.
• Interacting with operations teams including SSGM Trade support , SSGM Onboarding , Custody, Fund accounting and Transfer agents, both internal and external.
• Interacting with management locally and globally
• The role will entail some project management and coordination across multiple teams within Global Markets but also within the administrative arm of State Street.
• The role will also encompass supporting activities carried out by the EMEA hubs and will have exposure to Business Risk Management functions.
• The Product Specialist will work closely with other functional groups of the Portfolio Solutions team and will be required to:
• Establish themselves as the operational product expert and handle the operational set up of mandates for new and existing clients Globally
• Develop a strong knowledge of the full suite of products including a detailed understanding of the operational process and the fundamental principles of fund accounting and performance measurement as they relate to currency hedging
• Interact on a regular basis with existing clients and support their needs
• Lead onboarding projects with the operations team in Boston to ensure smooth new business installation. Interface with Onboarding/KYC/AML teams as require