Core Operations, Associate 2

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

Benefits offered by this job

Work-life balance tools

Paid volunteer days

Employee networks

Job summary

State Street in Bengaluru seeks a Core Operation Associate to support custody and fund accounting functions within a global operations framework.

You will interact with Centers of Excellence and Client Operations teams to ensure accurate settlement and reconciliation, while maintaining strict adherence to fund policies and regulatory guidelines.

Qualifications

• Minimum 4 years of custody and/or fund accounting experience.
• Strong computer competence with MS Office.
• Accurate and detail-oriented with strong communication skills.
• Ability to multi-task and work under pressure.

Responsibilities

• Interact with global Centres of Excellence and Client Operations teams.
• Understand settlement processes and clearing-house activities.
• Review instructions from sales/trading desks against data and reconcile.
• Work with team to ensure smooth processing in line with fund policies.
• Identify unusual or suspicious activity and escalate as required.
• Collaborate with settlements and reconciliation teams to ensure compliance with guidelines.

Skills

Custody experience

Fund accounting

Strong communication

Multitasking

Attention to detail

Education

Bachelor's degree in business/Accounting/Finance

Tools

Microsoft Word

Microsoft Excel

Job description

Who Are We

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, A dynamic and enthusiastic employees are essential to our continued success.

What we can offer you?

Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It's also part of our commitment to inclusion, development and engagement, and corporate social responsibility.

• You'll have tools to help balance your professional and personal life
• Paid volunteer days
• Access to employee networks that help you stay connected to what matters to you.

Join us. State Street is an Affiratory Action/ Equal Opportunity Employer/Vet/Disability.

As a Core Operation Associate, you will be involved in:

• Interact internally with global Centres of Excellence, Client Operations teams, business unit Shared Service teams and Joint Venture operations teams to complete applicable day-to-day activities, relating to the overall processing for assigned clients and portfolios.
• A solid understanding of the settlement process, along with the ability to analyze clearing house activities (DTC, DTCC, CREST, Euroclear) to confirm that pre- and post-settlement steps are properly followed.
• Ability to review faxed and electronic instructions from the sales and trading desk, validate them against static data, and understand reconciliation and enrichment processes.
• Work closely with team members, shared services, and Client Operations to ensure smooth processing in line with the fund's policies.
• Familiar with back-up procedures when system application and/or transmission issues occur. Supports individual and team efforts in researching and resolving exceptions and inquiries, building Prime Broker relationships, and liaising as needed to obtain help with exception resolution.
• During normal day-to-day operations, responsible for identifying unusual or potentially suspicious transaction activity and reporting and/or escalating it in line with corporate policy and the relevant operating procedures.
• Collaborate with the internal settlements and reconciliation team to assess whether trade booking, trade capturing, validation, enrichment activities, and any amendments are in line with market guidelines and internal cut-offs.
• Should be familiar with the trade life cycle and have a fair understanding of the various guidelines (ISITC, IFSA, TMPG and GBP guidelines), as well as a good understanding of claims flow.
• Good understanding of NOSTRO and other payment systems (MT202, Fed wire, CREST). Familiar with different types of Swift message (MT299, 300, 199, 399, 546 etc.)and their usage.
• Should have strong exposure to initiating client/ Counterparty / third-party calls and should have worked on a process improvement project.

What We Value

• Minimum 4 years of related custody and/ or fund accounting experience
• Strong computer competence (Microsoft Applications: Word, Excel)
• Accuracy and detail oriented
• Strong interpersonal skills
• Strong communication (verbal and written) skills
• Ability to multi-task
• Ability to work under pressure, and within a deadline-oriented environment

Education & Preferred Qualifications

• Bachelor's degree with business related coursework Accounting Finance preferred.

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.

• Inclusive development opportunities
• Flexible work-life support
• Paid volunteer days
• Vibrant employee networks that keep you connected to what matters most.

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-797551