Senior Manager Investment Accounting (Current Employee) – Toronto, ON – 6 November 2018
Good environment and management is very approachable and helpful, however it is a big disconnection between low level and upper management. Upper management forces practices and policies without consulting with lower management and without proper knowledge of the outcome of these policies. People are treated as numbers by upper management, however lower management puts tremendous efforts to fix upper management mistakes. People are worked very hard while compensation lack by much compared to competition. Advise for upper management is to pay attention to talents and not let them go easily as it takes a very long time to get individuals at certain skills level. In the end having talented individuals translates on higher returns for investors. Cutting costs is effective when it applies at a certain degree to increase efficiency and not on everything as once you lose good people you will end up with poor results and you will lose the clients as well.
Senior Global Cash Operations Specialist (Former Employee) – Montréal, QC – 6 August 2018
The team is mostly under 30 years old and the work environment is relaxed, good for recent graduates looking for an entry level position to get some experience or people looking to make some cash while studying for CPA/CFA. Work is very repetitive though and becomes boring after 6 months to 1 year. Compensation is only better than working as a teller. Turnover excessively high, no incentive o stay. Pension plan + healthcare + educational assistance are decent.
not stressful, overall people are fun to work with, good if you're studying
Fund Accountant (Former Employee) – County Louth – 9 April 2018
I worked with a brilliant team of people at State Street, for the most part I really enjoyed my time there. Current freeze-hire in place for those working in the IFS branch of State Street - those who left were not being replaced and job advancement seemed to be out of the question. This made the job very stressful at times and despite taking on more work as each day went by, this was not rewarded financially or otherwise. Promotion only mentioned when I decided to hand in my notice but I had already felt undervalued at this time and I had made up my mind. Salary also lower than competing companies.
On the other hand, the work experience was great; I met some fantastic people and I learned a lot over the 2 years I worked there.
Sanctions Screening Associate (Former Employee) – Toronto, ON – 28 January 2018
Great benefits. I learned a lot working at State Street Corp and have expanded my skillset by adding valuable knowledge of internal systems used Worldwide by financial institutions. Hands on experience with Anti Money Laundering applications. Decent overall.