Bank Loans - Assistant Vice President

State Street; Mumbai; On-site; INR 2,500,000 - 4,500,000; Full time

Benefits offered by this job

Flexible Work Programs

Medical care

Savings plans

Job summary

State Street in Mumbai seeks an Bank Assistant Vice President to support Client Operations and COEs, overseeing custody events with accuracy and timeliness. You will monitor exceptions, ensure prompt follow-up, and drive risk-aware decision making while mentoring a growing operations team.

The role emphasizes strategic planning, process optimization, and cross-functional collaboration to deliver outstanding service to clients and internal stakeholders.

Qualifications

• Bachelor’s degree in commerce / economics with a specialization in Business, Accounting, Finance or related field.
• Inter C.A. / Inter ICWAI or CFA pursued preferred.
• 10–16 years’ experience in accounting, finance, mutual fund operations, loan servicing or related careers.

Responsibilities

• Strategic Planning: Develop and implement operational strategies aligned with business goals.
• Process Optimization: Identify improvements to streamline operations, increase efficiency, and reduce costs.
• Resource Management: Manage resources (people, budget, technology) effectively to meet objectives.
• Performance Monitoring: Track KPIs and drive corrective actions.
• Team Leadership: Lead and develop managers and staff within operations.
• Budget Management: Manage operating budget and optimize costs.
• Collaboration: Coordinate with executive teams across regions.
• Quality Control: Ensure high-quality operations.
• Risk Management: Identify and mitigate operational risks.
• Deep knowledge of loan syndications and market dynamics.

Skills

Operational leadership

Process optimization

Budget management

Risk management

Executive communication

Cross-functional collaboration

People management

Education

Bachelor's degree in commerce / economics

Inter CA / Inter ICWAI or CFA (pursuing)

Tools

Excel

Job description

Who we are looking for

As a Bank Assistant Vice President, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE’s) by monitoring and processing custody related events to the fund’s records accurately and timely. Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients and people management.

Job Description

Who we are looking for

As a Bank Assistant Vice President, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE’s) by monitoring and processing custody related events to the fund’s records accurately and timely. Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients and people management.

Why this role is important to us

Bank Loans deals with Secondary market for syndication loans, which involves processing of many financial activities which will help other team to derive at NAV to the client, As part of loans you will be required to contribute towards development of Process, people and Improve Risk standards for the team.

What You Will Be Responsible For

As Assistant Vice President you will

• Strategic Planning :Develop and implement operational strategies that support the company's overall business goals.
• Process Optimization: Identify and implement improvements to streamline operations, increase efficiency, and reduce costs.
• Resource Management: Manage resources (people, budget, technology) effectively to achieve operational objectives.
• Performance Monitoring: Track key performance indicators (KPIs) and identify areas for improvement, taking corrective actions as needed.
• Team Leadership: Lead and develop a team of managers and staff within the operations department.
• Budget Management:Manage the operational budget, ensuring efficient resource allocation and cost control.
• Collaboration: Work with other executive teams to ensure alignment and coordination across the organization.
• Quality Control: Ensure that the company's operations deliver high-quality products or services that meet customer needs.
• Risk Management: Identify and mitigate potential operational risks.
• Deep knowledge of loan syndications: Understanding the loan syndication process, market dynamics, and relevant regulations.

What We Value - Key Skills

• Result-oriented with an ownership and accountability mindset
• Commercial acumen - Understanding of cost/budgets Lead/drive the same
• Drive pay for performance and culture of performance differentiation
• Taking accountability of end-to-end outcomes as an enterprise, collaborating across functions/business and locations
• Executive presence, managing with influence and effective communication across stakeholder groups both regionally and globally
• Embed risk excellence culture across the teams
• Encourage and drive a culture of change and ideation

Education & Preferred Qualifications

• Bachelor’s degree in commerce / economics with a specialization n Business, Accounting, Finance or another Financial related program. Inter C.A. / Inter ICWAI or CFA (pursuing) will be preferred
• 10-16 years’ experience in accounting, finance, mutual fund operations, loan servicing or related careers (preferred).

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

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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