Core Operations, Senior Associate

STATE STREET CORPORATION; Chennai District; On-site; INR 700,000 - 1,000,000; Full time

Job summary

STATE STREET CORPORATION in Chennai is seeking a Senior Associate in Investable Cash to ensure timely cash deliveries, sweep processing, and wire transfers for the US region.

You will forecast cash availability, reconcile accounts, monitor overdrafts, and maintain accurate records to support regulatory compliance and client satisfaction.

This role offers exposure to global cash management operations within State Street's Global Delivery team.

Qualifications

• Graduation (Commerce) is required.
• Minimum 2 years of experience as a Senior Associate in State Street.
• Strong analytical and numerical abilities.
• Experience with cash management operations is a plus.
• Knowledge of regulatory requirements is beneficial.

Responsibilities

• Coordinate with client service team or directly to client to ensure seamless cash delivery.
• Maintain accurate records and reports to ensure compliance with regulatory requirements.
• Cash Availability Forecasting: Analyze and predict cash inflows and outflows to ensure accurate forecasting and liquidity management.
• Sweep Accounts Management: Manage sweep accounts to optimize cash concentration, minimize idle balances, and maximize investment opportunities.
• Wire Transfer Processing: Receive, verify, and process incoming and outgoing wire transfers, ensuring timely settlement.
• Cash Reconciliation: Reconcile cash positions across multiple accounts and systems to ensure accuracy.
• Monitor and manage overdrafts to minimize fees, ensure compliance with regulatory requirements.
• Process and verify cash Deliveries, DDA recon, Day to day overdraft monitoring, money movements, Wire transfers including incoming and outgoing domestic and international payments

Skills

Critical thinking

Problem solving

Decision making

Ownership

Education

Graduation (Commerce)

Tools

MCH

IMT

Job description

Who we are looking forWe are seeking an experienced Senior Associate in Investable Cash Team responsible for ensuring timely and accurate processing of Cash deliveries, Sweep, Payments etc. As a key member of the team, you will play a critical role in maintaining our highly standards of operational excellence and client satisfactions. Investable Cash team plays a critical role in optimizing cash management for our clients. The primary objective is to ensure timely and accurate delivery. Investable Cash Team is a part of Global Delivery which has Cash Availability and Sweep function is supported in India, Pune office for US region.Why this role is important to usThe team you will be joining is a part of Global Delivery, Investable Cash. Cash Availability, Forecasting and Sweep Team is responsible to keep track on client deliverables which is precisely based on timeline to meet KPI. The primary objective is to ensure the client deliverables meet timeliness and accuracy.Be a part of this team which will give you an exposure to understand how State Street tracks and monitors overdrafts for their clients and provides real time information.What you will be responsible forAs a Senior Associate in Investable cash Team, you will play a pivotal role.Coordinate with client service team or directly to client to ensure seamless cash delivery.Maintain accurate records and reports to ensure compliance with regulatory requirements.Cash Availability Forecasting: Analyze and predict cash inflows and outflows to ensure accurate forecasting and optimal liquidity management.Sweep Accounts Management: Manage sweep accounts to optimize cash concentration, minimize idle balances, and maximize investment opportunities.Wire Transfer Processing: Receive, verify, and process incoming and outgoing wire transfers, ensuring timely and accurate settlement.Cash Reconciliation: Reconcile cash positions across multiple accounts and systems to ensure accuracy and integrityMonitor and manage overdrafts to minimize fees, ensure compliance with regulatory requirements.Process and verify cash Deliveries, DDA recon, Day to day overdraft monitoring, money movements, Wire transfers including incoming and outgoing domestic and international paymentsundefined What we value · Strong critical thinking, problem solving, and decision making skills· Take ownership and accountability for daily self-review· Timely completion of assigned client deliverablesundefined Education & Preferred Qualifications · Graduation (Commerce) · Minimum 2 year of experience as a Senior Associate in State Street· Should know how to use MCH, IMT etc 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. IAbout State StreetAcross 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/careersRead our CEO Statement