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About the Role

The Associate 2, Securities Valuation is responsible for ensuring accurate and timely execution of daily market valuations for various clients in accordance with each clients’ Price Source Authorization (“PSA”) agreement, standing instructions, and market best practices. This role supports the Fund Level Pricing and Asset Pricing areas within the centralized Securities Valuation unit.

Responsibilities

• Assist in the oversight of preparation and delivery of valuation reports to internal and external clients and/or their agents in a timely manner.
• Ensure procedures are in place, up to date, and adhered to regarding the review and approval of portfolio market values.
• Propose changes to procedures to management with a focus of reducing risk, manual inputs, and increasing efficiencies.
• Ensure the receipt of all pricing feeds, broker quotes, back-up pricing sources and other relevant data on a daily basis.
• Identify, research, and resolve prices breaking set tolerance levels.
• Work with peers and achieve group/client/unit goals.
• Review and sign-off on daily group packages with a focus on accuracy, detail, audit trail, and timeliness.
• Identify, communicate, and resolve fair value situations.
• Escalate issues to manager and/or clients as required.
• Support global pricing tasks in a continuous operations environment.
• Ensure that the group is adequately trained and cross-trained.
• Coach, mentor, and motivate staff.
• Continuously expand and improve knowledge of financial instruments, corporate actions, and best valuation practices.
• Demonstrates thorough knowledge of the various fund groups, client requirements and other market related anomalies.
• Maintain proper documentation and back-up for audit purposes.
• Participate in and contribute to unit project initiatives.
• Provide outstanding client service to both internal and external clients.

Requirements

• 1+ years experience in securities pricing, fund accounting, or custody operations / securities administration is preferable.
• Knowledge of capital markets and complex securities.
• Demonstrate the ability to analyze a problem, obtain and evaluate information and reach sound conclusions.
• Must demonstrate the ability to work as a team player.
• Excellent computer knowledge of Word, Excel, and PC databases.
• Excellent communication and interpersonal skills.
• Solid administration, organizational and time management skills.

Skills

• Finance
• Accounting
• Capital markets
• Complex securities
• Microsoft Word
• Microsoft Excel
• PC databases
• Communication
• Interpersonal skills
• Administration
• Organization
• Time management

Location

• Primary location specified

Work Type

• Full-time

Experience Level

• Associate 2

Education Level

• College or university designation preferably with a concentration in finance or accounting.
• Completion of the Canadian Securities Course and/or Derivatives Fundamentals Course is an asset.

Salary/Compensations

• $45,000 - $67,500 Annual

Benefits

• Competitive and comprehensive benefits packages
• Generous medical care
• Insurance plans
• Savings plans
• Flexible Work Programs
• Development programs
• Educational support
• Paid volunteer days
• Matching gift programs

About the Company

• State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world.
• We are making our mark on the financial services industry through technology and product innovation.
• For more than two centuries, we have been helping 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.
• We make all efforts to create a great work environment.
• 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.

Equal Opportunity

• We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality.
• State Street is an equal opportunity and affirmative action employer.
• 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.