Clearance, Settlement & Trading Operations, Associate 2

State Street; Pune District; On-site; INR 600,000 - 900,000; Full time

Benefits offered by this job

Medical & life insurance

Savings plans

Flexible work programs

Development and educational support

Job summary

State Street is seeking a finance operations professional to support daily loan servicing and reporting for mutual funds and structured portfolios. You will process trades, reconcile cash, and prepare standard and ad hoc client reports with accuracy and timeliness.

You will interact with investment managers and mutual fund teams, ensuring timely input/settlement of trades and adherence to client guidelines while maintaining a focus on risk controls and process improvements.

Qualifications

• Bachelor’s degree in Commerce/Economics with a specialization in Finance or related field.
• 1-3 years’ experience in accounting, finance, mutual fund operations, loan servicing or related careers.
• CFA/ICWA pursuing preferred.

Responsibilities

• Performs daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for SSC clients.
• Processing trades, booking receipts and disbursements.
• Daily reconciliation of cash balances.
• Producing daily roll-forward proof of portfolio holdings and accrual information.
• Preparing standard and ad hoc reporting for internal and external customers.
• Responding to customer queries on a daily basis.
• Daily processing of bank loan notices from agent banks.

Skills

Excel

Word

Math aptitude

Interpersonal skills

Oral communication

Multitasking

Pressure handling

Education

Bachelor's Degree in Commerce / Economics

CFA (pursuing) / ICWA pursuing

Job description

Who we are looking for

Why this role is important to us

The team you will be joining is a part of Charles River Development (or CRD), that became a part of State Street in 2018. CRD helps create enterprise investment management software solutions for large institutions in the areas of institutional investment, wealth management and hedge funds. Together we have created first open front-to-back platform - State Street Alpha, that was launched in 2019.

Join us if delivering next generation infrastructure, using emerging technologies like AI and Blockchain sounds like a challenge you are up for.

What you will be responsible for

As you will

• Performs daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients
• Processing trades, booking receipts and disbursements
• Daily reconciliation of cash balances
• Producing daily roll-forward proof of portfolio holdings and accrual information
• Preparing standard and ad hoc reporting for both internal and external customers
• Responding to customer queries on a daily basis
• Daily processing of bank loan notices as received from agent banks,
• Interact with the Investment Manager on their assigned portfolios, inputting/settling trades, performing ad hoc requests and providing daily reporting per client specific guidelines
• The individual will work closely with their mutual fund counterpart, providing Loan related reports to be incorporated into the final NAV Calculation.
• During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escape in accordance with corporate policy and guidelines detailed in relevant operating procedures

What we value

• Responsible for performing daily processes accurately and in accordance with defined time frames and client requirements. May have daily contact with Client Service, Client Management, COEs and Business Unit (BU) Shared Service teams.
• Consults with manager where clarification or exception to policy may be required
• Skills: Strong computer competence (Microsoft applications {Excel, Word etc.}, aptitude for math, interpersonal skills, oral communication skills, multitasking capability, ability to work under pressure/deadlines driven environment.

Education & Preferred Qualifications

• Bachelor’s Degree in Commerce / Economics with a specialization n Business, Accounting, Finance or another Financialrelated program. Inter C.A. / Inter ICWAI or CFA (pursuing) will be preferred
• 1-3 years’ experience in accounting, finance, mutual fund operations, loan servicing or related careers (preferred).

Additional requirements

• 3 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

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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