Investment Compliance Analyst, Associate 2

State Street; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

State Street in Bengaluru seeks a compliance professional to provide end-to-end support to mutual fund clients and their compliance teams, translating SEC requirements and prospectus/SAI guidelines into actionable rules.

You will onboard new clients, decode investment mandates, maintain compliance matrices, review rules against updated documents, and answer ad-hoc regulatory queries to ensure accurate reporting. Collaboration with internal teams ensures effective risk management.

Qualifications

• Knowledge of U.S. Investment Companies Act of 1940 or UCITS.
• Ability to analyze investment guidelines and testing requirements.
• Experience in financial services or securities.

Responsibilities

• Onboard new clients by understanding requirements and extracting compliance restrictions.
• Liaise with clients to obtain information to code compliance matrices.
• Perform annual rule reviews against updated prospectuses/SAIs.
• Research ad-hoc queries to ensure client portfolios comply with guidelines.
• Coordinate with the coding team to maintain rules for daily/monthly reporting.
• Translate client needs into actionable items for internal teams.

Skills

Strong communication

Interpersonal skills

Organizational skills

Time management

Analytical thinking

Attention to detail

Regulatory knowledge

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).

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 guidelines
• Liaise 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 needed
• Adheres to Standard Operating Procedures and improvises Operating procedures where they do not fall in line with the process
• Ensures 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 teams
• During 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

• Good knowledge of U.S. Investment Companies Act of 1940 or UCITS
• Strong communication, interpersonal, organizational, and time management skills
• Ability to analyze investment guidelines and policies to determine testing requirements
• Excellent communication, organization, interpersonal planning, and analytical skills
• Deadline and detail oriented
• Professional experience financial services, securities sector and capital markets

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.