Core Operations - Assistant Vice President

STATE STREET CORPORATION; Pune District; On-site; INR 2,500,000 - 4,500,000; Full time

Benefits offered by this job

Medical care

Insurance

Savings plans

Flexible work programs

Development programs

Volunteer days

Job summary

State Street Corporation in Pune, India, is seeking an Income COE Officer/AVP to support custody, accounting and middle-office events with a focus on risk mitigation and client service. You will lead strategic planning and process improvements across the income cycle, fund accounting, and related governance, while managing teams and budgets.

The role emphasizes leadership, collaboration across locations, and deep knowledge of income and corporate actions, with strong emphasis on compliance and

Qualifications

• Bachelor’s Degree in Commerce / Economics with specialization in Business, Accounting, Finance or related program.
• Inter C.A. / Inter ICWAI or CFA pursued preferred.
• 10–16 years’ experience in accounting, finance, mutual fund operations, loan servicing or related careers (preferred).

Responsibilities

• Strategic Planning: Develop and implement operational strategies aligned with company goals.
• Process Optimization: Identify and implement improvements to streamline operations, increase efficiency and reduce costs.
• Resource Management: Manage resources (people, budget, technology) to achieve objectives.
• Performance Monitoring: Track KPIs and drive corrective actions as needed.
• Team Leadership: Lead and develop a team of managers and staff within operations.
• Budget Management: Manage the operational budget and ensure cost control.
• Collaboration: Coordinate with other executive teams for alignment across the organization.
• Quality Control & Risk: Ensure high-quality operations and mitigate risks.
• Deep knowledge of Income and Corporate Actions: understand income cycle, fund accounting, amortization, dividends, entitlement calculations, and related regulations.

Skills

Strategic Planning

Process Optimization

Resource Management

Performance Monitoring

Team Leadership

Budget Management

Collaboration

Risk Management

Income & Corporate Actions knowledge

Education

Bachelor’s Degree in Commerce / Economics

Inter C.A. / Inter ICWAI or CFA (pursuing)

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

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 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

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.

Discover more information on jobs at StateStreet.com/careers Read our CEO Statement 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. Discover more information on jobs at StateStreet.com/careers Read our CEO Statement