State Street Employee Reviews

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Vice President Fund administration (Current Employee) –  Toronto, ON26 March 2014
• Assisted with the start up and take on of new hedge funds
• Direct contact and good relations with various CFOs in different locations
• Conversations regarding AML (Anti Money Laundering) with investors
• Reviewing of NAV files prepared by team members, and assisting in solving issues
• Assist with system upgrades and implementations
• Client Due Diligence (CDD) and Know Your Client (KYC) management for potential new and existing clients

Achievements:
- Part of the team to do the take-on for administrating one of the biggest hedge funds in the USA, the York funds;
- Assisting in moving clients over to new Canadian operations.
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Productive and fun
NAV Manager (Current Employee) –  Toronto, ON2 March 2014
great place to start your career, but the software is outdated and not the most efficient.
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Good workplace if entering the job market
Risk & Admin Manager (Former Employee) –  Toronto, ON3 February 2014
There is no job security, most work is being sent offshore. It is very hard to get promoted, work days are long and management is content with the high turnover. Many strong, loyal people have left because of better jobs or because their jobs were sent to India. Loyalty means nothing and hard work is not rewarded. The best thing about this firm is flex work (working from home). Salary is below average.
Pros
Excellent Benefit plan.
Cons
Constant outsourcing of jobs. No security
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Productive work environment
Trade Processor (Former Employee) –  30 Adelaide Street19 November 2013
The job it self was challenging on a day to day basis due to system
enhancements. to meet the clients requirements. The group that I was in, was very cooperative and helpful; especially when targets are to be met on a timely fashion. Overall, the Management was very supportive, in providing the necessary tools to achieve our goals.
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Good company to work for
Senior Compliance Officer (Current Employee) –  Toronto, ON6 November 2013
State Street has a great work/life balance that most Canadian financials do not. Worth investigating job opportunities.
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Good experience
AIS Client Operations Officer, Senior Associate (Current Employee) –  Toronto, ON7 October 2013
Good entry level position for finance and growth. Global company with many opportunities to grow and diversify.
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Hedged Fund - Fund of Fund
Fund Accountant (Former Employee) –  Toronto Ontario2 October 2013
Main tasks
- Performed daily and monthly cash reconciliation
- Prepared monthly NAVs and generate backup calculations
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Great place to work and grow
Spanish-English Certified Interpreter (Current Employee) –  Toronto, ON29 August 2013
Very fast pace institution. Trades and requests constantly coming through in different ways. Attention to details is prime. The staff is great and very diverse.
Pros
Great location/ ability to work from home
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Good place for an entry level job seeker
Senior Processor (Former Employee) –  Toronto7 August 2013
Learnt a lot while working at Statestreet. But the support from management could have been better.
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fun workplace with long hours
Investment Accountant (Former Employee) –  Toronto, ON24 May 2013
loved the people here! good place to get your foot in the door
Cons
long hours
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Investment Operations
Senior Investment/Fund Accountant (Current Employee) –  Toronto, ON4 April 2013
I developped great Microsoft Excel Skills, I gained a lot of knowledge of Financial products and a very unique aspect of accounting
Pros
great learning experience, specialised industry
Cons
long hours
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Investment manager representative
Investment Manager Representative (Former Employee) –  Toronto, ON25 February 2013
Good place to start career, hard work, learn lots of valuable skills for pursuing career in finance
Lack acknowledgement for work life balance
Pros
good experience
Cons
long hours
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Challenging, Client Service
Senior Client Service Associate (Current Employee) –  Toronto30 January 2013
At work servicing client is a challenge. Accuracy and productivity is most required.
Teamwork is mostly experienced to deliver the best to the clients.
Co-workers and different work related co-ordination has been very effective
Enjoy having many courses and availability of learning tools to excel.
Pros
lunch break and celebration are fun
Cons
long hours sometimes are neccessary
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A good place to gain experience.
Investment Accountant (Former Employee) –  Toronto, ON27 January 2013
I began my career at State Street, coming straight out of college, I had no idea of what to expect.

State Street was a great way to gain experience within the Mutual Fund industry. It was a stepping stone to me getting into my next place of employment.

There were some serious concerns, such as lack of work life balance, and the fact that we were required to work overnight on new years eve.
Pros
good place to gain experience
Cons
long hours, lack of work life balance, poor salary
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great long term company or stepping stone for recent grads
Senior Analyst (Team Lead), Securities Valuation (Current Employee) –  Toronto, ON19 December 2012
- valuation of all securities held in all hedge funds on a daily basis
- time management, multitasking are important
- the people at this company make it worthwhile
- stressful daily deadlines can make it tough at times
Pros
great benefits, great work-life balance
Cons
extremely low salary
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Lots to learn but hard to apply
Supervisor (Current Employee) –  Toronto, ON8 November 2012
The company is an overall good company to start off at if an individual wants to enter the investment/ financial industry.
Pros
lots of fun individuals to work with who are all fairly young
Cons
must adapt quickly in their roles or else the job responsibilities can be easily overwhelming
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A great starting place
Senior Investment Accountant (Current Employee) –  Toronto, ON28 October 2012
State Street is a good place to start a career and an excellent opportunity to learn more about the financial service industry. The managers are helpful and great mentors. The most enjoyable part of the job is being able to meet and interact with great people.
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If you can go somewhere else, don't go to this company.
A2 (Former Employee) –  CANADA12 September 2012
very incompetent management, no recognition of hard working, full of office politics, bad work life balance, high turn over ratio, red tape all over, lower level employee treated as slave, poor pay,
Pros
benefit package
Cons
very incompetent management, no recognition of hard working, full of office politics, bad work life balance, high turn over ratio, red tape all over, lower level employee treated as slave, poor pay
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Review
Lead Senior Shareholder Servicing Administrator (Current Employee) –  Toronto, ON8 August 2012
State Street is an amazing company. The management team is very productive and open to change.
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Fgtr
Pricing Analyst (Current Employee) –  Toronto, ON12 April 2012
Long hours
Bad payee
No qualifications required
high turn over ratio
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