State Street Internship Program 2025 | Exciting Opportunity

State Street Internship 2025:

State Street Career 2025 Responsibilities:

As an Intern you will be part of any one of the below department State Street is catering:

• 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 Financial Reporting Accountant is responsible for preparing financial statements for annual and interim cycle
• 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
• Financial Accountant performs the accounting processes that may include 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 treasury transactions processing, prepare/approve payments, collateral management/margins, monitor minimum required reserve in national central bank, reconciliation bank accounts reports, performing other projects as assigned etc
• Transfer Agency Administrator is responsible for trade processing, investor account maintenance, issue reporting and resolution
• Middle Office Administrator is responsible for processing trade file submitted by the Fund daily on trade-date, trade-date confirmation 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 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
• 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. 
• 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

State Street off campus Eligibility Criteria:

• Final Year Students Enrolled in full time education at undergraduates in the penultimate year of degree in one of the following areas: Finance, Accounting, or Economics are preferred; applicants from other disciplines may also apply.
• Enthusiastic about building a long-term career in a dynamic organization.
• Effective communicators with the ability to collaborate in a team-oriented environment.
• Open to feedback and committed to continuous learning and improvement.
• Motivated by real-world problem solving and eager to contribute innovative ideas.

Preferred skill:

• Combination of academic aptitude, analytical capabilities, and excellent communication.
• Strong critical thinking, problem solving and decision-making skills.
• 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.
• 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.
• Desire to develop Your career in finance industry.
• Good written and spoken English.
• Basic knowledge in MS Office.

Click here for HR Interview Questions and Answers

State Street Recruitment Selection Process:

The selection process is a structured series of stages designed to identify and hire the most suitable candidates for various roles within the company. Here is an overview of the typical selection process:

1. Online Application: The process begins with candidates submitting their applications through the official careers website
2. Resume Screening: The Company’s recruitment team reviews the applications and resumes to assess whether candidates meet the basic qualifications and requirements for the position.
3. Online Assessments: Depending on the role, candidates may be required to complete online assessments or tests to evaluate their technical skills, knowledge, and problem-solving abilities.
4. Technical Interviews: For technical positions, candidates typically participate in one or more technical interviews.
5. Offer: Candidates who successfully complete all interview stages and reference checks will receive a formal job offer.
6. Background Check: Candidates who accept the offer may undergo a background check as part of the final hiring process.
7. Onboarding: After accepting the offer and completing all pre-employment checks, candidates will participate in the onboarding process. This includes orientation, training, and integration into the team.

Please note that the specific details of the selection process may vary based on the role, location, and the hiring team’s preferences. It’s essential for candidates to carefully review the job description and follow any instructions provided during the application process. Preparation for technical interviews and assessments is crucial to excel in the selection process.

Why Join State Street?

• Work-life balance: Competitive pay, comprehensive benefits, and flexible work schedules
• Professional development: Job training, conferences, and opportunities for career advancement
• Financial and retirement: 401(k) and performance bonuses
• Child care and parental leave: Adoption assistance
• Office perks: Company-sponsored outings
• Health insurance and wellness: Dental insurance
• Vacation and time off: Paid volunteer time