Middle Office, Assistant Vice President

STATE STREET CORPORATION; Mumbai; On-site; INR 4,500,000 - 6,500,000; Full time

Job summary

STATE STREET CORPORATION in Mumbai seeks an Assistant Vice President to oversee daily accounting and reconciliation activities across investment portfolios. The role emphasizes accuracy, timely delivery, and robust exception handling within a middle office setting.

The candidate should have 13+ years in middle office or fund accounting, with strong knowledge of financial instruments and experience with reconciliation tools like TLM, DUCO, or IntelliMatch. Advanced certifications are a plus.

Qualifications

• Bachelor’s degree in Finance or Accounting or related field.
• 13+ years of experience in middle office, fund accounting, or reconciliation roles.
• Strong understanding of financial instruments and reconciliation tools.

Responsibilities

• Execute and oversee daily accounting and reconciliation activities across investment portfolios.
• Identify and resolve reconciliation breaks within SLAs and liaise with custodians and internal teams.
• Support IBOR accounting, journal entries, accruals, and valuation checks.

Skills

Reconciliation

Break Management

Analytical Thinking

Stakeholder Management

Attention to Detail

Financial Knowledge

Education

Bachelor’s degree in Finance or Accounting

CA/CFA/CPA is a plus

Tools

TLM

DUCO

IntelliMatch

Alteryx

Python

RPA

Job description

The Assistant Vice President will be responsible for executing and overseeing daily accounting and reconciliation activities across investment portfolios, ensuring accuracy, completeness, and timely delivery. The role requires strong analytical capability, operational rigor, and the ability to manage exceptions, risks, and stakeholder expectations within a middle office environment.Key Responsibilities1. Reconciliation & Break ManagementPerform daily cash, position, and transaction reconciliations across multiple asset classesInvestigate and resolve reconciliation breaks within defined SLAsIdentify root causes and drive permanent resolution of recurring discrepanciesLiaise with custodians, fund administrators, and internal teams to resolve issues2. Accounting & TMV OversightSupport IBOR accounting activities including journal entries, accruals, and valuation checksReview trial balances and assist in TMV validation processesEnsure adherence to accounting standards and internal control frameworks3. Exception Handling & Risk ControlMonitor exceptions and escalate high-risk items in a timely mannerEnsure compliance with operational risk and control proceduresParticipate in audits and provide required documentation and explanations4. Process Improvement & AutomationIdentify opportunities to enhance efficiency and reduce manual interventionSupport automation initiatives and system enhancementsContribute to standardization and documentation of processes5. Stakeholder ManagementAct as a point of contact for internal stakeholders, clients, and external partnersProvide clear and concise reporting on reconciliation status and key issuesCollaborate with front office, fund accounting, and technology teams6. Team ContributionMentor junior team members and support knowledge sharingAssist in workload management and ensure timely deliverablesQualifications & ExperienceBachelor’s degree in Finance, Accounting, or related field (CA/CFA/CPA is a plus)13+ years of experience in middle office, fund accounting, or reconciliation rolesStrong understanding of financial instruments (equities, fixed income, derivatives preferred)Experience with reconciliation tools and accounting systemsKey SkillsStrong analytical and problem-solving skillsHigh attention to detail and accuracyGood understanding of financial markets and investment operationsEffective communication and stakeholder managementAbility to work under tight deadlines in a dynamic environmentPreferred CompetenciesKnowledge of reconciliation platforms (e.g., TLM, DUCO, IntelliMatch)Exposure to automation tools (e.g., Alteryx, Python, RPA)Understanding of regulatory and audit requirementsAbout 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