The Senior Associate – Middle Office Pricing & Valuation is responsible for daily price validation, exception management, and pricing-related investigations across client portfolios. The role supports accurate valuation of securities, timely resolution of pricing breaks, and effective handling of pricing queries raised by internal teams and clients.

This position requires strong attention to detail, product knowledge, and the ability to work within a high‑control, deadline‑driven environment, partnering closely with Pricing SMEs, Accounting, Performance, and Data teams.

Key Responsibilities

Daily Pricing & Validation

• Perform daily price validation checks across asset classes including fixed income, derivatives, bank loans, structured products, and alternatives.
• Review prices received from primary and secondary vendors and identify stale, missing, or out‑of‑tolerance prices.
• Apply defined pricing hierarchies, tolerance rules, and exception thresholds in line with client and internal guidelines.

Pricing Exceptions & Investigation

• Investigate pricing exceptions by:
  • Comparing vendor prices, internal models, and market data
  • Reviewing security characteristics, corporate actions, and market events
• Document investigation outcomes clearly, including rationale for price acceptance, override, or escalation.
• Escalate complex or unresolved pricing issues to Officers / Pricing SMEs with supporting analysis.

Query Handling & Stakeholder Support

• Handle first‑level pricing queries from Accounting, Performance, Reconciliation, and Client Service teams.
• Provide supporting data and explanations for pricing‑driven PnL, NAV, or performance impacts.
• Support responses to client or auditor queries related to valuation and price movements.

Controls & Governance

• Execute assigned pricing control checks and end‑of‑day validations.
• Ensure pricing actions are completed within SLA timelines and documented in accordance with control standards.
• Support ICAMS documentation, audit requests, and evidence gathering for pricing‑related issues.
• Adhere strictly to pricing policies, valuation guidelines, and escalation protocols.

Data Quality & Process Support

• Identify recurring pricing issues, data gaps, or vendor challenges and flag trends to senior team members.
• Support process improvements aimed at reducing manual interventions and repeat exceptions.
• Participate in testing or rollout of pricing enhancements, new security types, or vendor changes.

Qualifications & Experience

• 2–5 years of experience in Pricing, Valuation, Accounting, or Middle Office Operations.
• Working knowledge of financial instruments (fixed income, derivatives, structured products; exposure to bank loans or alternatives preferred).
• Familiarity with pricing hierarchies, tolerance checks, and valuation concepts.
• Strong analytical skills, attention to detail, and documentation discipline.
• Ability to work effectively in a high‑volume, time‑sensitive environment.

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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