Corporate Banking Operations, Emerging Lead

State Street Corp; Bengaluru; Hybrid; INR 700,000 - 1,100,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

State Street Corp in Bengaluru, India, is seeking a seasoned LSU Associate to support Global Credit Finance Loan Operations. The role offers a hybrid work model, balancing home and office environments to fit needs and role requirements.

You will review loan transactions, initiate cash movements, and reconcile ledgers, requiring 7+ years in loan operations, strong Excel skills, and solid accounting understanding.

Qualifications

• 7+ years of loan operations and servicing support.
• General understanding of accounting.
• Proficiency with Microsoft Excel.
• Good organizational skills and the ability to prioritize under tight deadlines.
• Prior banking and/or lending knowledge beneficial.

Responsibilities

• Review transactional documentation and process principal, interest and fee transactions on loan accounting system.
• Initiate cash movements via internal transfer and Fed wire/SWIFT.
• Reconcile general ledger/demand deposit accounts, document discrepancies timely.

Skills

Excel proficiency

Organizational skills

Banking knowledge

Job description

Who We Are Looking For

Global Credit Finance (GCF) Loan Operations provides operational support to the GCF division of Markets and Financing. Loan Servicing Unit (LSU) Associate is needed to service credit facilities on the Bank’s loan accounting system, process cash transfers and perform reconcilements. This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What You Will Be Responsible For

• Review transactional documentation and process principal, interest and fee transactions on loan accounting system


• Initiate cash movements via internal transfer and Fed wire/SWIFT


• Reconcile general ledger/demand deposit accounts, document discrepancies timely

Education & Preferred Qualifications

• 7+ years of loan operations and servicing support


• General understanding of accounting


• Proficiency with Microsoft Excel


• Good organizational skills and the ability to prioritize under tight deadlines


• Prior banking and/or lending knowledge beneficial

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.

Inclusion, Diversity and Social Responsibility.

We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

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

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