Custody Management Services, Associate 2

State Street; Bengaluru; On-site; INR 600,000 - 800,000; Full time

Benefits offered by this job

Inclusive development

Flexible work-life support

Volunteer days

Employee networks

Job summary

State Street in Bengaluru, India seeks an analytical Associate 2 with experience in reconciliation, custody, and accounting operations. The role emphasizes accuracy, client inquiries, and timely issue resolution within a fast-paced environment.

Responsibilities include reconciliations, trade issue resolution, data validation, and stakeholder coordination, supported by strong Excel/Word skills and capital markets knowledge.

Qualifications

• Bachelor’s degree or equivalent in Finance or related field.
• 2–3 years of relevant professional experience in reconciliation, custody, accounting, or trade & settlements.
• Solid understanding and exposure to capital markets.
• Proficiency in Microsoft Excel and Word.
• Familiarity with SICAV funds and associated accounting processes.
• Advanced knowledge of settlement-specific processes for securities and cash.
• Strong time management skills with the ability to reprioritize tasks effectively.

Responsibilities

• Ensure compliance with CMS requirements, including daily and weekly reconciliations for cash, stock, and income.
• Identify and analyze failed or unmatched trades, determine root causes, and initiate resolution processes.
• Gather, validate, and record data from internal systems.
• Coordinate with internal and external stakeholders to facilitate timely issue resolution.
• Monitor cash flows, SWIFT messages, and faxes; follow up with relevant teams as needed.
• Review and address client queries related to custody and accounting matters.
• Conduct problem analysis, gather relevant data, and provide conclusive recommendations.

Skills

Attention to detail

Analytical thinking

Communication

Time management

Team player

Problem solving

Multitasking

Education

Finance degree

Tools

Excel

Word

Settlement systems

Job description

Who We Are Looking For

We seek a detail-oriented and analytical professional with proven experience in reconciliation, custody, and accounting operations. The ideal candidate will possess strong interpersonal and communication skills, the ability to work effectively in a high-paced environment, and the competence to resolve client inquiries with accuracy and efficiency.

Who We Are Looking For

We seek a detail-oriented and analytical professional with proven experience in reconciliation, custody, and accounting operations. The ideal candidate will possess strong interpersonal and communication skills, the ability to work effectively in a high-paced environment, and the competence to resolve client inquiries with accuracy and efficiency.

Why This Role Is Important To Us

The team you will be joining is a part of State Street Global Service. This role is critical to ensuring accurate and timely reconciliation, resolution of trade and cash discrepancies, and prompt handling of client queries. The position directly support operational integrity, client satisfaction , and risk mitigation in custody services. 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

As Associate 2 you will:

• Ensure compliance with CMS requirements, including daily and weekly reconciliations for cash, stock, and income.
• Identify and analyze failed or unmatched trades, determine root causes, and initiate resolution processes.
• Gather, validate, and record data from internal systems.
• Coordinate with internal and external stakeholders to facilitate timely issue resolution.
• Monitor cash flows, SWIFT messages, and faxes; follow up with relevant teams as needed.
• Review and address client queries related to custody and accounting matters.
• Conduct problem analysis, gather relevant data, and provide conclusive recommendations.

What We Value

These skills will help you succeed in this role

• Exceptional client service orientation and collaborative team spirit.
• Strong written and verbal communication skills in English.
• Meticulous attention to detail and excellent organizational skills.
• Proven analytical and problem-solving capabilities.
• Ability to manage multiple priorities in a dynamic, fast-paced environment.
• Proactive, self-driven approach with flexibility to adapt to changing priorities.
• Commitment to meeting deadlines with accuracy and efficiency.

Education & Preferred Qualifications

• Bachelor’s degree or equivalent work experience, preferably in Finance or a related discipline.
• 2–3 years of relevant professional experience, ideally in reconciliation, custody, accounting, or trade & settlements.
• Solid understanding and exposure to capital markets.

Additional Requirements

• Proficiency in Microsoft Excel and Word.
• In-depth knowledge of settlements, reconciliation, fund accounting, and capital markets.
• Familiarity with SICAV funds and associated accounting processes.
• Advanced knowledge of settlement-specific processes for securities and cash.
• Strong time management skills with the ability to reprioritize tasks effectively.

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

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-796964