Investment Compliance - Team Lead

State Street; Bengaluru; On-site; INR 900,000 - 1,500,000; Full time

Job summary

State Street Bengaluru is seeking a compliance professional who can support investment clients and their compliance teams by translating fund requirements and investment guidelines into actionable rules and testing plans.

You will work with cross-functional teams to maintain compliance matrices, answer ad-hoc inquiries, and ensure timely, accurate reporting aligned with SEC guidance and UCITS equivalents.

Qualifications

• University degree in Business majoring in Accounting, Finance, or other Financial-related programs.
• Overall experience of 4+ years in Fund Administration or related work.
• Investment compliance monitoring or coding experience is a must.
• Certifications: FRM/CFA/CISI are preferred, but not mandatory.

Responsibilities

• Onboarding of new clients for investment compliance by understanding client requirements, interpreting the prospectus/investment mandate and extracting compliance restrictions to create a compliance rule matrix.
• Liaise with clients to obtain additional information to code compliance matrix into the system.
• Perform annual review of compliance rules by comparing them against updated prospectuses/SAIs.
• Research ad-hoc queries from compliance reporting team to determine if client portfolio is in line with investment guidelines.
• Liaise with coding team for maintenance of rules to ensure accurate daily/monthly compliance reporting.
• Demonstrate in-depth knowledge of Investment compliance to translate client requirements into actionable items for internal teams.
• Identify and analyze operations risks and propose procedural changes as needed.
• Adhere to SOPs and improvise where procedures do not align.
• Ensure timely resolution of issues and keep management informed.
• Identify unusual or potentially suspicious activity and escalate per policy.
• Participate on projects/committees within department and with BU Shared Services.

Skills

U.S. Investment Act / UCITS knowledge

Communication skills

Investment guidelines analysis

Attention to detail

Financial services experience

Alteryx

SQL

Education

University degree in Accounting/Finance/Financial-related

4+ years in Fund Administration or related work

Investment compliance monitoring or coding experience

FRM/CFA/CISI certifications preferred

Tools

CRD (Charles River Development)

VBA

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).

Why This Role Is Important To Us:

The team you will be joining is a part of State Street Global Advisors (SSGA), one of the biggest asset managers in the world, that provides services to the world's governments, institutions and financial advisors. Our array of offerings includes exchange traded funds (ETFs) and investment solutions and support for Defined Contribution plan sponsors and participants. As pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest.

Join us if making your mark in the asset management industry from day one is a challenge you are up for.

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:

These skills will help you succeed in this role

• 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

Analytical skills

• Sstrong understanding of Alteryx workflow(designing and refinement)
• Knowledge of SQL

Education & Preferred Qualifications:

• University degree in Business majoring in Accounting, Finance, or other Financial-related programs
• Overall experience of 4+ years in Fund Administration or related work.
• Investment compliance monitoring or coding experience is a must. (Pre or post-trade investment compliance)
• Certifications: Candidates pursuing FRM (Financial Risk Manager by GARP) / CFA (Chartered Financial Analyst) / CISI (Chartered Institute for Securities & Investment) are preferred, but certification is not a must for the role

Secondary Skills (Good To Have)

• Exposure to Charles River Development (CRD)
• Coding in Visual Basic Applications (VBA)

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

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