Investment Compliance Analyst, Associate 2

STATE STREET CORPORATION; Bengaluru; On-site; INR 700,000 - 1,100,000; Full time

Job summary

State Street Corporation in Bengaluru seeks a compliance professional to provide end-to-end support to mutual fund clients by interpreting prospectuses and guidelines.

Onboard new clients, code compliance restrictions, review rules annually, and relay findings to clients and internal teams to ensure SEC readiness and adherence to investment mandates. Strong analytical and communication skills are essential.

Qualifications

• Experience in investment compliance for mutual funds.
• Familiarity with SEC requirements and fund guidelines.
• Ability to translate prospectus and SAI into actionable rules.
• Strong communication and organizational skills.
• Ability to work with cross-functional teams.

Responsibilities

• Onboard new clients by interpreting client requirements and prospectus mandates.
• Extract compliance restrictions and create a rule matrix.
• Review compliance rules annually against updated prospectuses/SAIs.
• Address ad-hoc queries from compliance reporting teams.
• Collaborate with coding teams to ensure accurate daily/monthly reporting.

Skills

Investment compliance

SEC requirements

Analytical skills

Communication skills

Time management

UCITS/1940 Act knowledge

Education

Bachelor's degree in finance or related field

Tools

Compliance software

Job description

Who we are looking for:Looking for compliance professional who understand and can provide end-to-end support to investment company (Mutual Fund) clients & their Compliance teams by sharing, primarily, meaningful insights about the funds ability to comply with (i) SEC (Securities and Exchange Commission) requirements and (ii) investment guidelines stated in the Prospectus/Statement of Additional Information (SAI).What you will be responsible for:Onboarding of new clients for investment compliance by understanding the client requirements, interpreting the prospectus / investment mandate and extracting compliance restrictions to create a compliance rule matrix.Liaise with clients to obtain additional information that may be necessary from time to time to code compliance matrix into the compliance system.Perform annual review of compliance rules in the matrix by comparing them against updated prospectuses/SAIs.Research ad-hoc queries from compliance reporting team to determine if client portfolio is in line with the investment guidelinesLiaise with coding team for maintenance of rules in the system to ensure accurate daily and monthly compliance reporting is disseminated to clients.Demonstrate in-depth knowledge of Investment compliance to translate client requirements into actionable items for internal teams and work with internal teams. (For example, changes related to how a particular derivative should be treated for Derivative Coverage testing or CFTC Testing or IRC)Identifies and analyzes operations risks related to current and potential business and recommends procedural changes as neededAdheres to Standard Operating Procedures and improvises Operating procedures where they do not fall in line with the processEnsures timely resolution of issues while keeping management informed of any potential issues.Responsible for performing daily processes accurately and in accordance with defined time frames and client requirements. May have daily contact with Client Service, Client Management, COEs and Business Unit (BU) Shared Service teamsDuring the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures.Participates on projects or committees within the department and/or with BU Shared Services, COEs and Client Operations teams.What we value:These skills will help you succeed in this role:Good knowledge of U.S. Investment Companies Act of 1940 or UCITSStrong communication, interpersonal, organizational, and time management skillsAbility to analyze investment guidelines and policies to determine testing requirementsExcellent communication, organization, interpersonal planning, and analytical skillsDeadline and detail orientedProfessional experience financial services, securities sector and capital marketsAbout 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