What it does: State Street Australia provides investment servicing, asset management, data and analytics, and investment research and trading to public and private retirement plans, insurance companies, non-profit organisations, large corporations, banks and central banks.
Mission: To help create better outcomes for the world’s investors and the people they serve
Size and presence: The company employs approximately 630 people in Australia and 39,000 employees worldwide
Best known for: It is one of the major international investment bankers
The good bits: Flexible working hours and work from home option
The not-so-good bits: Extremely long working hours at times
State Street Australia is a subsidiary of State Street Corporation Inc., a United States-based financial services company established more than two centuries ago. State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world.
As of 31 December 2021, the State Street Group serves clients in more than 100 geographic markets worldwide and has approximately 39,000 employees. It conducts its operations through locations in North America, Europe and Asia Pacific. In the US, Canada, Germany and the UK, they use their own local market custody operations. In other markets, they use local agent banks as their sub-custodian.
State Street Australia is administered from its head office in Sydney, New South Wales, and provides financial solutions to institutional investors through the following business divisions:
The company is a good place for fresh graduates to learn about all facets of the custody, such as admin, front, back, and middle office, as well as specialty areas of the unit registry and tax. You will also learn how to work effectively as part of a team and on your own.
The management is supportive and encourages employees to grow their knowledge and experience in all aspects of the job. They strive to maintain an environment where every employee feels valued, supported and able to meet their full potential. They also adopt open-door management that allows questions and feedback on performance as needed.
To help employees better meet the challenges of balancing work responsibilities with family and personal demands, they offer flexible work options. Depending on your role, you may be able to take advantage of remote location work, compressed schedules, or job sharing.
There are chances you will be working with a diverse team from multiple locations, even from different countries with different time zones. You need to have close communication with regional and global teams in problem resolution.
You can apply for the role you are interested in through their LinkedIn account or the Career page on their site. You can filter your search by location and job type, then click the role to learn more about the job description and preferred requirements.
After reviewing your application, the hiring process starts with a phone interview with HR, followed by several rounds of interviews for all positions. The number of interviews tends to vary on a case-by-case basis. The initial interview is more general, with questions related to the candidate's interest in and knowledge of the company.
The next stage is a role-specific interview with a panel, usually including the manager who oversees the position you are interviewing for. The interview questions might cover your previous experience, preferable work styles, why joining the company, and why applying for the position.
Most of the questions are related to the specific role and based on your resume. There are also behaviour questions on how to be successful in your role, as well as situation-based and finance knowledge questions.
The company provides multiple programs and tools to help their employees keep learning:
Medical care and insurance: life insurance, accidental death and dismemberment coverage (for employees and dependents)
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