State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $33.99 trillion in assets under custody and administration and $2.81 trillion* in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.
*This figure is presented as of September 30, 2018 and includes approximately $28 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
Charles River provides an end-to-end solution to automate front and middle office investment management functions across asset classes on a single platform. Delivered as a hosted service, the solution improves data quality and investment professional productivity, controls risk and lowers technology costs. Charles River serves more than 350 investment firms in over 40 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking, and pension markets. Charles River were acquired by State Street in October 2018
About Process
The focus of this role is primarily to support the conversion of investment compliance rules from legacy compliance system (MIG) to Charles River Investment Management (CRIMS), by performing user acceptance testing of the rules, identifying the issues in rule coding and getting those addressed to ensure the client migration from MIG to CRD is seamless.
Key Responsibilities & Experience Range
- In depth knowledge of regulatory requirements including Investment Company Act of 1940, Internal Revenue Code, UCITS, 2a-7, etc.
- Preferred experience with and understanding of one or many regulatory body requirements not limited to SEC, IRS, Commodity Futures Trading Commission (CFTC), Undertakings for Collective Investment in Transferable Securities (UCITS), Committee of European Securities Regulators (CESR)
- Ability to understand and decipher Prospectus, Statement of Additional Information (SAI), Investment Policies, Practices and Procedures, and other client restrictions and translate all requirements
- Experience required with Rule Coding into post trade investment compliance systems defining logic-based rules and workflow processes
- Knowledge of all type of investments, including domestic and international securities, equities, fixed income, derivatives, securities holding other constituents or others such as mutual funds, index securities, and other complex securities
- Advanced Excel skills is a plus (formulas, pivot tables)
- A background in compliance / regulatory monitoring or financial technology preferred
- Project management skills (organized, self-motivated and deadline oriented)
- Ability to build and maintain positive relationships with all levels of management internally within the organization
Skills & Knowledge
Qualification & Certifications
- University degree in Business majoring in Accounting, Finance, or other Financial-related programs
- Minimum of 5 years in Investment Company compliance experience or related-industry compliance with an emphasis on logic-based rule coding. (Pre or post-trade investment compliance)
- Certifications: Candidates pursuing FRM (Financial Risk Manager by GARP) / CFA (Chartered Financial Analyst) / CISI (Chartered Institute for Securities & Investment) are preferred, but certification is not a must for the role
Primary Skills (Must Have)
- Good knowledge of U.S. Investment Companies Act of 194 act or UCITS
- Experience required with Rule Coding into post trade investment compliance systems
- Ability to understand and decipher Prospectus, Statement of Additional Information (SAI), Investment Policies, Practices and Procedures
- Excellent communication, organization, interpersonal planning, and analytical skills
- Deadline and detail oriented
- Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skills
Secondary Skills (Good to Have)
- Exposure to Charles River Development (CRD)
- Coding in Visual Basic Applications (VBA)
State Street's Speak Up Line
