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Internship Program 2025

  • Internship
    Full-time
    Off-cycle Internship
  • Accounting & Tax
    Banking & Finance
  • Quick Apply

AI generated summary

  • You must have a strong academic background, analytical skills, and good communication. Preferred majors include Finance, Accounting, or Economics. Experience with MS Office and student involvement is a plus.
  • You will calculate net asset values, prepare financial statements, process trades, monitor compliance, analyze data, and support various accounting and risk management functions.

Requirements

  • You are a well-rounded student with a combination of academic aptitude, analytical capabilities, and excellent communication skills
  • Majoring in Finance, Accounting, or Economics preferred. Any other major is also valid.
  • Desire to develop your career in finance industry
  • Involvement with student organizations would be an added advantage
  • Good written and spoken English
  • Basic experience with MS Office
  • Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role
  • Ensure that the highest level of the Code of Conduct is displayed in your behavior
  • Provide appropriate management information as required to support business unit decision making
  • Support the ‘Risk Excellence’ culture within the business
  • Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulations

Responsibilities

  • The Fund Accountant is responsible for calculating the net asset values of funds by processing daily accounting related functions to ensure funds prices are accurate and delivered to the client in a timely fashion. The Fund Accountant is the central point of contact for all accounting support functions and analyzes the information received thereby ensuring any discrepancy is monitored and resolved professionally.
  • The Financial Reporting Accountant is responsible for preparing financial statements for annual and interim cycle. They also prepare and complete first draft of audited annual and un-audited interim financial statements from trial balance including Profit and Loss Account Balance Sheet Cash Flow Schedule of Investments notes to financial statements.
  • The team deals with the complex futures and options processing for the entire European exchange traded derivatives, Centre of Excellence book of business and supplementary business offshored from other State Street sites. The Derivatives Group is the central point of contact for the clearing banks and client service teams on all sites. Other services include some cash instructions and the improvement of processes for recording derivative instruments accurately and efficiently.
  • Financial Accountant performs the accounting processes that may include [but is not limited to]: accounting documents processing, journal processing, payments preparation, account reconciliation preparation and verification of the reports performing other projects as assigned etc.
  • Treasury Accountant performs the treasury processes that may include [but is not limited to]: treasury transactions processing (money market stock market), prepare/approve payments, collateral management/margins, monitor minimum required reserve in national central bank, reconciliation bank accounts (cash positions balance sheet) reports, performing other projects as assigned etc.
  • Transfer Agency Administrator is responsible for trade processing, investor account maintenance, issue reporting and resolution. You will be responsible for processing investor transaction: review documentation to ensure anti-money laundering documentation has been received and enter subscription on ISS and save documentation on to DMS.
  • Middle Office Administrator is responsible for processing trade file submitted by the Fund daily on trade-date, trade-date confirmation (electronic telephonic or hard copy) based upon the trade file transmitted by the Fund and trade details provided by the Fund’s approved counter parties and monitor trade fails with prime brokers counter parties and the Fund including review of prime broker/custodian fail or mismatch of reports.
  • Pricing Administrator’s role is to assist in the accurate and efficient pricing of a range of securities held by investment funds. The principal tasks of this role is to price exchange traded securities and validation to sources such as Bloomberg Reuters and FTID.
  • The Enterprise Risk Management (ERM) division within State Street Corporation establishes and maintains appropriate risk management policies guidelines and limits and assists executive and business-level management with minimizing operational credit legal regulatory reputation and other risks to the company.
  • Investment Compliance Analyst will be responsible for monitoring compliance results on client portfolios related to Regulatory and Investment Manager (IM) mandates. Utilizing State Street’s Investment Compliance & Reporting platform the qualified candidate will complete the research analysis and reporting to ensure portfolios are in compliance with their investment restrictions.
  • The Data Analyst(s) will be responsible to work comprehensively with both IT and the Investment Compliance/Market, Conformity Business Units to procure data necessary for daily compliance and conformity checks. Furthermore the Data Analyst will be responsible for the update and maintenance of market data, static data and holdings data that is not otherwise fed to the core application MIG 21 via automated data feeds.
  • Anti-Money Laundering Specialist will be involved in reviewing investor Anti Money Laundering documentation in line with the AML policies and liaising with the Transfer Agency team’s in order to request and obtain the required data from the investors and/or clients.

FAQs

What is the primary objective of the Internship Program at State Street?

The primary objective of the Internship Program is to provide exceptional graduates with the opportunity to grow their careers in financial services by developing both technically and professionally, ultimately preparing them to be future leaders and finance experts.

What areas of finance does State Street recruit interns for?

State Street recruits interns for various areas including Fund Accounting, Financial Reporting, Derivatives, Financial Accounting, Treasury Accounting, Transfer Agency Administration, Middle Office Administration, Pricing Administration, Risk Analysis, Compliance Analysis, Data Management, and Anti-Money Laundering.

What qualifications are preferred for applying to the internship program?

Candidates are preferred to have a degree in Finance, Accounting, or Economics, although any other major is also considered valid. Additionally, a combination of academic aptitude, analytical abilities, and excellent communication skills is important.

Is prior work experience required to apply for the internship program?

Prior work experience is not a strict requirement, but candidates with some professional experience or those who have been involved in student organizations may be viewed more favorably.

What support and development opportunities will interns receive during the program?

Interns will receive support from individual mentors and will have access to development programs designed to enhance their skills and prepare them for future roles within the company.

What skills are valued in candidates for the internship program?

Key skills valued in candidates include strong analytical capabilities, good written and spoken English, basic experience with MS Office, a sense of individual ownership, and adherence to the highest level of the Code of Conduct.

What type of work environment does State Street provide for its employees?

State Street strives to create a great work environment with competitive and comprehensive benefits packages, flexible work programs, and a wealth of development programs and educational support to help employees reach their full potential.

How does State Street approach diversity and inclusion in its hiring practices?

State Street believes that diverse backgrounds, experiences, and perspectives are essential to creating an inclusive environment. The company actively welcomes candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality.

Are there opportunities for community engagement through the internship program?

Yes, State Street offers tools to help balance professional and personal life, including paid volunteer days and a matching gift program, allowing interns to engage actively with their communities.

How can interested candidates learn more about the internship program?

Interested candidates can discover more about the internship program and apply by visiting StateStreet.com/careers.

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
10,001+
Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.