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MIFID II Cost Disclosure Reporting Manager, AVP

State Street Corporation
Closing date
28 Apr 2021

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Contract Type
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Job Details

Who we are looking for
We are looking for a degree educated technical expert with 5-10 years' experience in trading to calculate transaction costs for all clients and pooled funds contracted with SSGA MIFID entities.
Experience of calculating transaction costs is essential, including dealing with both internal and external clients on requests and queries, delivering outstanding client service.
This is a hands on role where you will be working with large data sets across multiple asset classes.
The role sits within SSGA's Chief Administrative Office and based in London.

Why this role is important to us
The team you will be joining is a part of State Street Global Advisors, one of the biggest asset managers in the world, that provides services to the world's governments, institutions and financial advisors across the globe. With over four decades of experience and trillions of dollars in assets under management, we offer one of the broadest selections of services across asset classes, risk profiles, regions and styles. As pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest.
Join us if making your mark in the asset management industry from day one is a challenge you are up for.

What you will be responsible for
As the SSGA MIFID Costs and Charges Disclosure Manager you will:
  • Be responsible for providing transaction cost analysis for all clients and pooled funds
  • Calculating quarterly transaction costs on pooled funds and annually for segregated funds
  • Analyzing and understanding the key drivers of reported trading costs
  • Being the main point of contact for both internal and external client queries
  • Oversee transaction costs production that has been outsourced
  • Working with IT on ensuring the cost calculation tool works effectively and accurately
  • Working closely with the Project Management Office and vendors in refining the operating framework for calculating and reporting transaction costs
  • Governance lead for Anti-Dilution mechanisms on SSGA pooled funds
  • Other Chief Administrative Office tasks

What we value
These skills will help you succeed in this role
  • Strong numeracy and analytical skills, and able to deal with large data sets
  • A dedication to deliver highly valued services and solutions to our clients is a prerequisite
  • Excellent communication skills both verbal and written
  • Strong operational risk awareness
  • Meticulous attention to detail
  • Knowledge of trading cost regulation
  • Knowledge of trading multi asset classes and Portfolio Management construction
  • Experience of working with global teams and outsourcing oversight of delegated functions

Education & Preferred Qualifications
  • Mathematics or Economics degree (2:1 or above)
  • Over 5 years' experience in Trading
  • Strong knowledge and experience of TCA
  • French speaking and writing a bonus

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.
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