Corporate Actions - Assistant Vice President

State Street; Maharashtra; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

State Street is seeking a Corporate Actions COE Assistant Vice President in India to support Client Operations and other Shared Service teams by monitoring and processing custody, accounting, and middle-office events with accuracy and timeliness. The role focuses on risk mitigation, issue resolution, and developing processes and people within the team.

You will drive strategic planning, optimize operations, manage resources and budgets, and collaborate with executive teams to deliver

Qualifications

• Bachelor’s degree in Commerce or Economics with a finance focus.
• 10–16 years of experience in accounting, finance, mutual fund operations, or related careers preferred.

Responsibilities

• Strategic Planning: Develop and implement operational strategies that support business goals.
• Process Optimization: Identify and implement improvements to streamline operations, increase efficiency, and reduce costs.
• Resource Management: Manage resources, including people, budget, and technology, effectively to achieve objectives.
• Performance Monitoring: Track KPIs and identify areas for improvement, taking corrective actions as needed.
• Team Leadership: Lead and develop a team of managers and staff within operations.
• Budget Management: Manage the operational budget and cost control.
• Collaboration: Work with executive teams to ensure alignment across the organization.
• Quality Control: Ensure operations deliver high-quality products or services.
• Risk Management: Identify and mitigate potential operational risks.
• Deep Knowledge of Corporate Actions: End-to-end corporate action and income cycle, fund accounting, bonds, dividends, and related regulations.

Skills

Results-oriented

Commercial acumen

Pay-for-performance

Accountability

Executive presence

Risk management culture

Change & ideation

Automation awareness

Education

Bachelor’s degree in Commerce or Economics

CFA (pursuing) / Inter ICWAI

Job description

Who We Are Looking For

As a Corporate Actions COE Assistant Vice President, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/Centers of Excellence (COEs) by monitoring and processing custody, accounting, and middle-office-related events in the fund’s records accurately and timely. The candidate will ensure prompt follow-up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients, while supporting effective people management.

Why this role is important to us

The Corporate Actions COE manages end-to-end event processing across custody, accounting, and middle-office services for our clients. This involves processing a range of financial activities that help other teams derive NAV, cash and share projection reports, and portfolio performance reports for clients. As part of the Corporate Actions COE, you will be required to contribute to the development of processes and people, while improving the team’s risk standards.

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, including people, budget, and 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 Corporate Actions: Understand the end-to-end corporate action and income cycle, fund accounting, bond concepts, dividends, different types of corporate action events, including mandatory and voluntary events, the corporate action event lifecycle, and associated rules around entitlement, election, payment, post-payment validation checks and controls, and relevant regulations.

What We Value - Key Skills

• Results-oriented with an ownership and accountability mindset
• Commercial acumen, including an understanding of costs and budgets at the Officer level, with the ability to lead and drive related initiatives
• Drive a pay-for-performance culture and performance differentiation
• Take accountability for end-to-end outcomes across the enterprise by collaborating across functions, businesses, and locations
• Executive presence, managing with influence and effective communication across stakeholder groups both regionally and globally
• Embed a risk excellence culture across teams
• Encourage and drive a culture of change and ideation
• Drive efficiency and automation initiatives. A sound understanding of technology tools, AI, and Agile frameworks is preferred.

Education & Preferred Qualifications

• Bachelor’s degree in Commerce or Economics with a specialization in Business, Accounting, Finance, or another finance-related program. Inter C.A., Inter ICWAI, or CFA (pursuing) will be preferred.
• 10–16 years of 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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Job ID: R-797803