State Street
Functional Compliance, Officer - State Street Investment Management
State Street, Boston, Massachusetts, us, 02298
Functional Compliance Officer – State Street Investment Management
Join to apply for the
Functional Compliance Officer
role at
State Street .
What You Will Be Responsible For
Performing pre and post trade compliance monitoring for all asset classes on commingled funds, separately managed accounts, and registered funds;
Analyze compliance breach trends, identify root causes, and resolve potential systemic issues, including recommending process design improvements and operational efficiencies;
Developing, testing, and implementing automated rules within the monitoring systems and manual monitoring procedures for non-automated rules;
Reading governing documents such as Fund Regulatory governing documents and Investment Management Agreements; identifying and resolving interpretive issues, and reviewing investment restrictions;
Extracting compliance restrictions from governing documents for new accounts and amendments, and coding those restrictions into the compliance systems;
Completing required new account/amendment documentation, including obtaining all necessary signatures, prior to effective date;
Managing and providing support to completion of new account/amendment onboarding process to ensure that appropriate reviews and sign‑offs are timely obtained;
Tracking new account and amendment onboarding status, providing reporting and updates to management;
Developing or enhancing policies and procedures related to compliance processes, with a focus on establishing globally consistent best practices;
Leading projects with IT, Data, and system vendors to identify ways to further enhance automation in the compliance system;
Leading reviews with internal and external auditors to facilitate controls reviews;
Leading project work (reviewing regulatory fund docs, compliance system coding/testing, etc.)
Conducting client/local regulator meetings
Skills That Will Help You Succeed
Ability to work under pressure
Ability to read and comprehend governing compliance documents such as IMAs and Prospectus/SAI
Demonstrated communication and interpersonal skills
Strong analytical skills and organizational skills
Attention to detail
Ability to work independently and collaboratively with various levels of the organization
Education & Preferred Qualifications
Bachelor's degree in Finance, Accounting or Economics is preferred
Sound understanding of financial instruments – equity, fixed income, derivatives, bank loans, private credit – is required
Sound understanding of portfolio management lifecycle is required
1‑3 years’ experience in the investment management field including experience in investment portfolio compliance or other areas of compliance
Proficiency in Microsoft Office is required
Prior experience with Charles River (CRD) / Sentinel / Bloomberg / Aladdin is preferable but not required
Prior knowledge in operating Bloomberg terminal is preferred but not required
Knowledge of local regulations as it pertains to rule coding and monitoring of accounts
Salary Range $65,000 - $102,500 Annual
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.
Equal Opportunity 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.
Job Application Disclosure It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Job ID: R-778984
#J-18808-Ljbffr
Functional Compliance Officer
role at
State Street .
What You Will Be Responsible For
Performing pre and post trade compliance monitoring for all asset classes on commingled funds, separately managed accounts, and registered funds;
Analyze compliance breach trends, identify root causes, and resolve potential systemic issues, including recommending process design improvements and operational efficiencies;
Developing, testing, and implementing automated rules within the monitoring systems and manual monitoring procedures for non-automated rules;
Reading governing documents such as Fund Regulatory governing documents and Investment Management Agreements; identifying and resolving interpretive issues, and reviewing investment restrictions;
Extracting compliance restrictions from governing documents for new accounts and amendments, and coding those restrictions into the compliance systems;
Completing required new account/amendment documentation, including obtaining all necessary signatures, prior to effective date;
Managing and providing support to completion of new account/amendment onboarding process to ensure that appropriate reviews and sign‑offs are timely obtained;
Tracking new account and amendment onboarding status, providing reporting and updates to management;
Developing or enhancing policies and procedures related to compliance processes, with a focus on establishing globally consistent best practices;
Leading projects with IT, Data, and system vendors to identify ways to further enhance automation in the compliance system;
Leading reviews with internal and external auditors to facilitate controls reviews;
Leading project work (reviewing regulatory fund docs, compliance system coding/testing, etc.)
Conducting client/local regulator meetings
Skills That Will Help You Succeed
Ability to work under pressure
Ability to read and comprehend governing compliance documents such as IMAs and Prospectus/SAI
Demonstrated communication and interpersonal skills
Strong analytical skills and organizational skills
Attention to detail
Ability to work independently and collaboratively with various levels of the organization
Education & Preferred Qualifications
Bachelor's degree in Finance, Accounting or Economics is preferred
Sound understanding of financial instruments – equity, fixed income, derivatives, bank loans, private credit – is required
Sound understanding of portfolio management lifecycle is required
1‑3 years’ experience in the investment management field including experience in investment portfolio compliance or other areas of compliance
Proficiency in Microsoft Office is required
Prior experience with Charles River (CRD) / Sentinel / Bloomberg / Aladdin is preferable but not required
Prior knowledge in operating Bloomberg terminal is preferred but not required
Knowledge of local regulations as it pertains to rule coding and monitoring of accounts
Salary Range $65,000 - $102,500 Annual
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.
Equal Opportunity 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.
Job Application Disclosure It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Job ID: R-778984
#J-18808-Ljbffr