Core Operations, Associate 2

About State Street

State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.

Key Responsibilities

• 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 SLAs.
• AI tools - MIS Reporting skills, data mining and analysis.
• Word Documents – SOPs.
• Willingness to work in shifts.
• Good understanding and execution of process controls.
• Ownership and accountability towards process delivery.
• Provide integrated, value-added services to clients.

Requirements & Tech Stack

• Sound Knowledge on Capital markets and trade flow.
• Knowledge on Fixed Income products and Dividends processing.
• Good knowledge of upstream and downstream processes, including Middle Office and Custody processes.
• Good understanding of risk and control associated to Custody, Income, and Corporate Action processing.
• Strong Excel, Power BI, and AI tools for reporting, data mining, and analysis.
• Hands on experience in using Bloomberg Terminal for searching information on Corporate Actions, verifying coupon accruals for bonds, and Price for securities.
• Comprehensive knowledge on Research & resolution of all recon breaks such as trade break/Corporate action breaks & other product related breaks.
• Ability to identify & report process risks in the recon process.
• Understanding on Robotics & BPM.
• Ability to adhere to strict timelines.
• Ability to work under tight timelines.
• Willing to work in any shifts.

Qualifications

• Bachelor / Masters in Accounting/MBA Finance.
• NISM/NSE Certifications.
• CISI Certifications.
• 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.
• Good domain skills in 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.
• Clear understanding of manual calculation of Interest Income and Dividend entitlements and tax implication on income payments.
• 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.
• Good interpersonal, communication, and people management skills.
• Good interpersonal and communication skills.