Graduate Opportunity 2018
State Street Corporation
31d ago

Job Description :

The global financial services industry is undergoing rapid change. Now more than ever the industry is looking for the talent and vision of the next generation of business leaders.

State Street sits at the very center of the global financial system. Our role is to provide the financial infrastructure and services that make it possible for the world’s largest investors to make the most efficient use of the world’s capital.

We are looking for motivated individuals who share our ambition to improve the efficiency of the world’s financial system and who will do so in an environment that emphasizes teamwork integrity and citizenship.

In turn we will provide you with development opportunities and the training you need to further your career.

If like us you look at uncertainty and see possibility look at inefficiency and see a better way then please contact us.

Graduate Career Opportunities

We offer graduates the opportunity to develop their careers in a unique financial services organization. We aim to recruit individuals of the highest calibre who enjoy being part of a committed and enthusiastic team.

Graduates will work in a fast-paced stimulating environment and will have access to a variety of work / life offerings that encourages employees to fulfil both their professional and personal goals.

State Street operates in a dynamic setting and offers challenging career paths for employees at all levels. We seek to recruit bright graduates with energy and commitment to join our Kilkenny office.

Training and Development

At State Street training and development is a cornerstone of the organization. We are committed to the continued development of our professionals throughout their career with us.

All successful applicants benefit from :

  • Industry and departmental specific training
  • Information technology training
  • Personal development and soft skills training
  • Ongoing training and development forms a key element of your career at State Street as we recognize that the continued professional development of our employees is critical to the success of the company.

    Furthermore we encourage and support professional development through our educational sponsorship programme. This is available to those employees who embark on further professional and academic qualifications providing for them tuition reimbursement and study and exam leave.

    We recruit graduates on a year-round basis into the following areas :

  • Fund Accounting
  • Custody - Portfolio Administrator
  • Fund Accountant
  • The Fund Accountant is responsible for performing a range of accounting responsibilities completed in order to maintain and report on a series of fund accounts as required by regulations and our service level agreements with our clients.

    Responsibilities include a wide range of accounting calculations (Net Asset Valuations reconciliations market pricing) together with report generation as well as interaction with clients and other internal departments to ensure the accuracy of the fund accounts.

    Custody - Portfolio Administrator

    As the world’s 2nd largest custodian State Street continually looks to strengthen the services our Custody teams provide.

    State Street provides fully integrated trade settlement and safekeeping services that help our customers execute and monitor complicated global investment strategies.

    Our innovation is based on delivery of information captured by multiple systems that our customers can download to perform analysis on their own strategies.

    Custody provides cash management cash reconciliation and cash distribution services in addition to monitoring the trading of all funds in every country in our Custody Network.

    Financial Reporting

    The Financial Reporting Team is responsible for preparing and reviewing financial reports on behalf of our clients. Responsibilities of the Financial Reporting Team include filing annual reports / interim reports to the Central Bank of Ireland The Irish Stock Exchange National Futures Association and the relevant GAAP (Irish UK and IAS) preparing quarterly financial returns to the Central Statistical Office and dealing with clients and auditors queries.

    Transfer Agency

    Transfer Agency provides back-office support to our clients through processing financial and non-financial transactions as well as quality client service and communication.

    Responsibilities include administration of clients’ trades and maintenance of register processing of cash movements and reconciliation as well as administration of Clients / Investors correspondence.

    Tax Administration

    The team is collectively responsible for the provision of services in relation to the mitigation and / or elimination of withholding taxes on investments in the global markets through either domestic and / or double tax treaty mechanisms.

    It is responsible for assisting with daily periodic and annual investor tax reporting for our client’s European (Germany Austria Italy Switzerland UK Belgium France) and US investor base preparation and submission of local tax returns (Investment Undertaking Tax).

    The role will involve working with the tax team in Ireland and the wider European tax services team in Luxembourg / Poland to maintain and develop a quality tax service offering for funds investing and distributing globally.


    This team has an opportunity to work within the Derivatives Department to gain extensive knowledge in the valuation of OTC Derivatives and Money Market Instruments.

    Job responsibilities includes Daily pricing of OTC Derivatives Ensuring the accuracy of the derivative prices used for NAV Calculations Modelling OTC instruments on various pricing systems.

    Investigation of discrepancies between Broker and modelled prices Researching / modelling new non-vanilla OTC instruments Project work

    Pricing and Reporting

    The key responsibilities will include monthly and quarterly board reports communicate with internal / external clients in collating / coordinating the data for the reports.

    The publication of NAVs in various newspapers and on-line systems. Ensure the relevant publications are notified in a timely manner and the correct distribution lists are set up.

    Preparation and gathering of report information.

    Trustee Administrator

    The team is responsible to work in a dynamic and flexible environment to assist in the implementation of trustee policy and procedures.

    The key role will be to assist with review of fund documentation and completing of review programme in order to ensure appropriate monitoring of funds.

    Supporting with review of the operational departments to confirm funds are being administered in accordance with fund documentation / regulations.

    Skills and Experience

    We are keen to meet energetic and motivated people who have the following attributes :

  • Honours degree (2.2 minimum) in Accounting Business Economics Finance or a related discipline preferred.
  • Numeracy and strong analytical skills.
  • Good communication skills - verbal and written.
  • Good organizational and time management skills.
  • Strong administrative skills and an ability to meet deadlines.
  • Ambition and an ability to work on own initiative to accomplish tasks
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