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Who we are looking for
Global Pricing Services Toronto (“GPS – Toronto”) is a centralized unit supporting several business units and is broken out into two distinct areas; Fund Level Pricing and Asset Pricing. The Pricing Specialist is responsible for administering the execution of daily market valuations for various clients in accordance with each client’s Price Source Authorization (“PSA”) agreement, standing instructions, and market best practices. Accuracy, timeliness, organization and maintenance of documentation are important to this position.
Why this role is important to us
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As Pricing Specialist you will
Preparation and delivery of valuation reports to internal and external clients and/or their agents in a timely manner.
Adhere to, promote, and educate others on the use of department procedures with respect to the review and approval of portfolio market values.
Ensure the receipt of all pricing feeds, broker quotes, back-up pricing sources and other relevant data on a daily basis. Identify, research, and resolve prices breaking set tolerance levels.
Identify, communicate, and resolve fair value situations.
Escalate issues to senior members of the team and/or clients as required.
Function as a “team-player”. Work with peers to achieve group/client/unit goals.
Continuously expand and improve knowledge of financial instruments, corporate actions, and best valuation practices.
Maintain proper documentation and back-up for audit purposes. Participate in and contribute to unit project initiatives.
Provide outstanding client service to both internal and external clients.
What we value
These skills will help you succeed in this role
Knowledge of capital markets and complex securities is an asset
Demonstrate the ability to analyze a problem, obtain and evaluate information and reach sound conclusions
Must demonstrate the ability to work as a team player
Excellent communication and interpersonal skills
Proficient in spreadsheet and database applications such as EXCEL and ACCESS
Solid administration, organizational and time management skills
Education & Preferred Qualifications
College or university designation with a concentration in finance/business/accounting in progress (this position is only open to student in an accredited full-time academic program)
Completion of the Canadian Securities Course and/or Derivatives Fundamentals Course is an asset
Knowledge of Bloomberg and/or Reuters terminals an asset
Experience in securities pricing, fund accounting, or custody operations / securities administration is an asset
Additional requirements
This position is only open to student in an accredited full-time academic program
Must be able to work in a virtual environment
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.
Discover more at StateStreet.com/careers
