Core Operations - Assistant Vice President

State Street; Maharashtra; On-site; INR 1,800,000 - 3,200,000; Full time

Benefits offered by this job

Flexible work programs

Competitive benefits

Career development

Job summary

State Street in Maharashtra, India seeks an Income COE Officer/AVP to support Client Operations and COEs in monitoring custody, accounting, middle-office events, and fund records. You will lead process improvements, manage budgets, and drive risk standards while ensuring timely problem resolution and strong people management.

The role emphasizes end-to-end income cycle understanding, cross-functional collaboration, and delivering excellent client service in a global finance environment.

Qualifications

• Bachelor’s degree in Commerce / Economics or related field; Inter CA / Inter ICWAI or CFA (pursuing) preferred.

Responsibilities

• Develop and implement operational strategies aligned with business goals.
• Identify and implement process improvements to increase efficiency and reduce costs.
• Manage resources (people, budget, technology) to meet objectives.
• Monitor KPIs and take corrective actions as needed.
• Lead and develop a team of managers and staff within operations.
• Oversee budget management and cost control.
• Collaborate with other executive teams for alignment across the organization.
• Ensure high quality operations and effective risk management.
• Maintain deep knowledge of income cycle, fund accounting, and related regulations.

Job description

Who We Are Looking For

As an Income COE Officer/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, accounting, middle office 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

Income COE deals with end to end processing of events across custody, accounting, middle office and claims services for our clients. This involves processing of many financial activities which will help other team to derive at NAV to the client, As part of Income COE you will be required to contribute towards development of Process, people and Improve Risk standards for the team.

What You Will Be Responsible For

• 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 Income and Corporate Actions: Understanding the end to end income cycle, fund accounting, amortization, concepts on bonds, dividends, entitlement calculations , amortization, market and loan claims lifecycle, and relevant regulations.

What We Value- Key Skills

• Result-oriented with an ownership and accountability mindset
• Commercial acumen - Understanding of cost/budgets (Officer level), 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

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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Job ID: R-797805