NAV and 3rd Party Oversight Senior Associate, State Street Investment Management (Hybrid).
State Street · Kraków, Poland · 1mo ago
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Job Description
Who we are looking for
State Street Investment Management (SSIM) is the fourth largest asset management firm globally. Global Funds Management is responsible for all treasury, fund administration, and reporting for our EMEA and US Fund Ranges. This includes valuation, board liaison and reporting, assisting in financial and regulatory reporting, taxation, NAV oversight, expense accruals, service provider oversight, new products.
The candidate will support their team for all governance activities, to ensure that these are being carried out in accordance with standard operating control policy, and that all market, internal, and client escalation queries are handled in an accurate and timely manner.
The candidate is also expected to provide analytical support in any change request onboarding as it pertains to our BAU operating model. The candidate will also have to make sure that all aspects of the Team’s activities are considered as part of the onboarding process and participate in UAT (User Acceptance Testing), and all other specific tasks that need to be completed ahead of a new conversion.
As such we are looking to fill a NAV and 3rd Party Oversight Senior Associate role responsible for oversight of our EMEA and US net asset value (NAV) calculations and results performed by affiliated and external service providers. Candidates must evidence experience in the financial service industry with an expertise in a wide variety of accounting structures and asset classes, of the EMEA and US financial products. Demonstrated experience with EMEA regulatory reporting is a plus. Successful candidates will demonstrate a continuous improvement and innovation mindset and be technologically savvy.
This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements. Currently, 3 days/week are required to work in the office.
Why this role is important to us
State Street Investment Management is one of the largest asset managers in the world. We partner with many of the world’s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process. NAV Oversight is a critical element to our operational effectiveness and its accuracy to the end investor and our regulators.
What you will be responsible for
As an NAV and 3rd Party Oversight Senior Associate you will be involved in;
NAV Oversight
- Review daily, weekly, and monthly NAV oversight reports and control checks.
- Assist in the oversight of NAV calculations prepared by third-party fund administrators.
- Verify that NAV calculations are completed within established deadlines and service level agreements.
- Identify and escalate NAV exceptions, discrepancies, and operational issues to senior team members.
- Maintain oversight records and evidence supporting completed reviews.
Fund Accounting Oversight
- Review fund accounting reports and reconciliations for completeness and accuracy.
- Assist in monitoring accounting treatments for investments, income, expenses, foreign exchange transactions, corporate actions, and derivatives.
- Investigate breaks and exceptions identified through oversight controls.
- Support the review of capital activity, fund expenses, and accrual calculations.
- Review daily NAV movements to fund performance benchmarks, set tolerances and monitor results and challenge tolerance exceedances.
NAV Error Management
- Assist in the investigation of NAV errors and operational incidents.
- Track outstanding issues, remediation activities, and action plans.
- Maintain documentation supporting root cause analyses and corrective actions.
- Prepare summaries of error events and trends for management reporting.
Oversight of Third-Party Service Providers
- Support the oversight of third-party fund administrators and other service providers.
- Monitor key performance metrics and operational deliverables.
- Participate in service review meetings and assist in documenting outcomes and follow-up actions.
- Maintain records of service provider performance and issue resolution.
Regulatory and Risk Management
- Ensure oversight procedures and controls are documented and performed consistently.
- Contribute to process improvement initiatives and enhancement of oversight controls.
What we value
These skills will help you succeed in this role.
- Attention to detail
- Accountability
- Critical thinking
- Risk awareness
- Professional curiosity
- Teamwork and collaboration
- Effective communication
Education & Preferred Qualifications
- Bachelor's degree in Accounting, Finance, Economics, Business, or related discipline.
- 3+ years of experience in fund accounting, NAV oversight, fund operations, valuation oversight, or asset servicing.
- Knowledge of European fund structures, including UCITS and AIFs.
- Knowledge of US fund structures, including ETFs and Master/Feeders.
- Experience working with third-party fund administrators and depositaries.
- Understanding of investment products, including equities, fixed income, derivatives, foreign exchange, and alternative investments.
- Knowledge of IFRS, US GAAP, SEC and IRS standards as they apply to investment companies, partnerships and other fund structures.
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 Investment Management
What We Do. As the asset management arm of State Street Corporation, State Street Global Advisors has served the world’s governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world’s largest asset managers with trillions of dollars under our care.
Our Mission. At State Street Global Advisors our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.
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.
Company: State Street Investment Management
Minimum Salary:
zł87 000 AnnualThe minimum salary quoted above applies to the role in the primary location specified. If the candidate ultimately works outside of this primary location, the applicable minimum salary may differ.
Salary will be determined based on factors such as the position, type of work performed, individual skills, job description, working hours, diligence, initiative, self-management, length of employment, availability, and the quantity and quality of work delivered, as well as other objective and non-discriminatory criteria relevant to State Street employees.
In addition to salary, employees are eligible to be considered for discretionary annual performance-based awards.
We Offer:
Permanent contract from day one
Additional holidays (Birthday Day Off, 3rd and 5th year anniversary Day Off)
Gold Medical Package for employees and their families (partner and children)
Premium life insurance package and private pension plan
Wide range of soft skills training, technical workshops, language classes and development programs
Opportunities to volunteer your time to company-driven initiatives, employee networks or organizations of your choice
Variety of well-being programs
Additional benefits available depending on the seniority of the role
About State Street
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.
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.
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