Network Management, Senior Associate
State Street is seeking a highly motivated Senior Associate to join the Network Management team. The successful candidate will play a key role in supporting the control framework of State Street's global Agent Bank (Subcustodians and Cash Correspondents) network, ensuring compliance and adherence to internal oversight model which satisfies various jurisdictional regulatory requirement and expectations. This role is ideal for an individual interested in Global Custody, Market Infrastructure, Regulatory developments, and Third-Party oversight.
Primary Responsibilities
•Support oversight of State Street's global Agent Bank network, ensuring that oversight and associated deadlines are met.
•Support Forum management governance, control and associated reporting.
•Support the annual Due Diligence review and risk assessment process to ensure monitoring and oversight obligations are met.
•Partner with Legal, Audit, Compliance, Risk, Operations, Product, and Relationship Management teams on Network Management-related initiatives.
•Support external vendor Relationship Management and associated projects.
•Respond to internal and external inquiries regarding Network Management services/tasks.
•Support strategic Network Management initiatives.
•Identify and contribute towards continuous enhancements and efficiencies to Network Management related processes.
Qualifications
•Bachelor's degree or equivalent experience.
•1+ years of experience in custody, securities services, banking, financial markets, risk, compliance, operations, or a related field.
•Strong analytical, organizational, and problem-solving skills.
•Excellent written and verbal communication skills.
•Ability to manage multiple priorities in a fast-paced, global environment.
•Proficiency in Excel, PowerPoint, and Microsoft Office applications.
Preferred Qualifications
•Knowledge of Global Custody, Securities Settlement, and Market Infrastructure.
•Experience with Due Diligence, Third-Party oversight, Audit, Risk, or Compliance activities.
•Familiarity with Agent Banks, Central Depositories, and Regulatory frameworks.
What We Value
•Intellectual curiosity and market awareness.
•Strong Relationship Management and collaboration skills.
•Attention to detail.
•Risk awareness.
•Client focus and commitment to service excellence.
•Ability to work across regions and cultures.
Why This Role
This position offers exposure to global financial markets, regulatory developments, Agent Bank relationships, and strategic initiatives within one of the world's leading providers of custody and asset servicing solutions.
Salary Range
$52,000 - $87,880 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: a 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 an 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.
