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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 Officer 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 s 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 Officer you will be involved in;

NAV Oversight

• Perform independent oversight of daily, weekly, monthly, and ad hoc NAV calculations for European and US investment funds.
• Review NAV packages and key control reports to assess the completeness and accuracy of fund accounting records.
• Monitor delivery of NAV calculations in accordance with prescribed service level agreements and regulatory deadlines.
• Escalate material NAV issues, pricing exceptions, and operational risks to senior management and fund boards, as appropriate.
• Ensure NAV oversight activities are performed in accordance with the Management Company ("ManCo") or Alternative Investment Fund Manager ("AIFM") oversight framework or US offering document requirements.

Fund Accounting Oversight

• Review accounting impacts and treatments for investments, derivatives, foreign exchange transactions, corporate actions, income accruals, expenses, and taxation.
• Monitor complex accounting events including:
  • OTC and exchange-traded derivatives
  • Securities lending transactions
  • Capital activity and investor dealing
  • Equalization methodologies
  • Swing pricing and anti-dilution mechanisms
• Challenge fund accounting outputs where discrepancies or inconsistencies are identified.
• Review daily NAV movements to fund performance benchmarks, set tolerances and monitor results and challenge tolerance exceedances. 

NAV Error Management

• Investigate NAV errors and breaches of established tolerance levels.
• Coordinate root cause analysis and corrective action plans with service providers.
• Ensure NAV error events are documented, remediated, and reported in accordance with regulatory requirements and internal policies.
• Track recurring issues and oversee implementation of process improvements.

Oversight of Third-Party Service Providers

• Conduct periodic reviews of fund administrator control environments and operational performance.
• Monitor key performance indicators ("KPIs") and key risk indicators ("KRIs").
• Participate in service review meetings and operational due diligence assessments.
• Assess service provider compliance with contractual obligations and regulatory expectations.
• Produce management information and trend analysis regarding service provider performance and fund accounting quality.

Regulatory and Risk Management

• Maintain a strong understanding of UCITS, AIFMD, CSSF, CBI, FCA, 1940 Act and other applicable regulatory requirements. 
• Support regulatory examinations, audits, and depositary oversight reviews.
• Contribute to development and maintenance of NAV oversight policies, procedures, and governance frameworks.
• Identify and assess operational, valuation, and regulatory risks impacting fund structures.

What we value

These skills will help you succeed in this role.

• Strong analytical and problem-solving skills.
• Ability to challenge service providers and investigate complex accounting issues.
• Excellent stakeholder management and communication skills.
• Strong attention to detail and risk awareness.
• Ability to manage multiple priorities within a regulated environment.
• Sound judgment and decision-making capabilities.

Education & Preferred Qualifications

• Bachelor's degree in Accounting, Finance, Economics, Business, or related discipline.
• 5+ years of experience in fund accounting, NAV oversight, fund operations, valuation oversight, or asset servicing.
• Strong knowledge of European fund structures, including UCITS and AIFs.
• Strong 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:​

zł132 000 Annual

The 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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