Income Processing COE, Associate 2

STATE STREET CORPORATION; India; On-site; INR 900,000 - 1,200,000; Full time

Job summary

State Street Corporation in India seeks an experienced Operations Analyst to handle Middle Office, Income and Corporate Action processes, and Fund Accounting. You will perform daily income processing and validate accruals, ensuring accurate NAV calculations.

You will also reconcile cash and stock positions, review deliverables for SLA adherence, and leverage Excel/Power BI with data analysis to deliver value-added client services, while readiness to work in shifts and maintain controls.

Qualifications

• Experience in Middle Office, Income and Corporate Action, Fund Accounting in Investment Banking/Asset Management.
• Domain skills in Fund Accounting incl. accruals, amortization, NAV calculation.
• Knowledge of Bloomberg Terminal for Corporate Actions and price checks.
• Proficiency in Excel and Power BI for MIS reporting and data analysis.
• Awareness of risk and control in Custody, Income, and Corporate Action processing.

Responsibilities

• Daily Income processing and validation for Fixed Income and Equity securities.
• Validation of Accruals and Amortization as per client policies.
• Reconciliation and resolution of Cash and Stock breaks.
• Review and validate deliverables within SLAs.
• Strong Excel, Power BI and AI tools for MIS reporting, data mining and analysis.

Skills

Middle Office operations

Income processing

Corporate Action processing

Fund Accounting

NAV calculation

Bloomberg Terminal

Excel

Power BI

Data analysis

AI tools

Robotics & BPM

Customer service

Communication skills

Education

Bachelor/Master in Accounting/MBA Finance

NISM/NSE Certifications

CISI Certifications

Tools

Bloomberg Terminal

Job description

Who we are looking for

• Experience with Middle Office operations, Income and Corporate Action processes, and Fund Accounting in Investment Banking or Asset Management Companies is preferred.
• Understanding of Investment Manager and Custody business will be a plus
• Sound Knowledge on Capital markets and trade flow is required. Knowledge on Fixed Income products and Dividends processing.
• Good knowledge upstream and downstream process is required - Knowledge on Middle Office, Custody processes.
• Good understanding of risk and control associated to Custody , Income and Corporate Action processing

What you will be responsible for

• Daily Income processing and validation for Fixed Income and Equity securities.
• Validation of Accruals and Amortization as per client specific policies.
• Reconciliation and resolution of Cash and Stock breaks.
• Review and validate deliverables are completed within the specified SLA's
• Strong Excel , Power BI and AI tools- MIS Reporting skills , data mining and analysis and Word Documents - SOPs
• Should be willing to work in shifts
• Good understanding and execution of process controls
• Ownership and accountability towards process delivery
• Individual will have a strong customer service and operational focus and will provide integrated, value-added services to our clients

What we value

These skills will help you succeed in this role

• Hands on experience in using Bloomberg Terminal for searching information on Corporate Actions, verifying coupon accruals for bonds and Price for securities.
• Good domain skills in the Fund Accounting processes especially pertaining to accruals and amortization calculation, NAV calculation.
• Good domain skills in Middle Office / Custody operations revolving around income and corporate action processing
• Good domain skills in Middle Office / Custody operations revolving around income and corporate action processing
• Candidate should be having a clear understanding of manual calculation of Interest Income and Dividend entitlements and tax implication on income payments
• Comprehensive knowledge on Research & resolution on all recon breaks such as trade break/Corporate action breaks & other product related breaks
• Candidate should be able to identify & report the process risks in the recon process
• Exposure to Data Analysis/ Data Scientist roles for work on large data sets would be preferred.
• AI and Lean/Six sigma certification will be a plus.
• Sound understanding of Risk excellence measures within the organization.
• Understanding on Robotics & BPM.
• Good interpersonal, communication and people management skills

Education & Preferred Qualifications

• Bachelor / Masters in Accounting/MBA Finance
• NISM/NSE Certifications
• CISI Certifications

Additional Requirements

• Ability to adhere to strict timelines
• Good interpersonal and communication skills
• Ability to work under tight timelines
• Willing to work in any shifts.

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program 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 perspective 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 the 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 program 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 Read our CEO Statement