State Street

Financial Reporting, Associate1

Recruiter
State Street
Location
Hangzhou, China
Salary
Not disclosed
Posted
01 Mar 2024
Closes
11 Mar 2024
Ref
R-746233
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Job Description

We are looking for

State Street Hangzhou is seeking dynamic individuals to join our team as we expand our business function with the introduction of Tailored Shareholder Reports (TSR). We are looking for individuals who possess a unique blend of business process operation skills, a passion for data transformation, and a strong interest in technical skills, automation, and reengineering. If you are enthusiastic about capital markets and financial/regulatory reporting, we want you to be a part of our growing team.

Key Responsibilities:

  • Collaborate with cross-functional teams to support data transformation for the Tailored Shareholder Report (TSR) function.
  • Quickly understand the daily operation tasks and being able to run routines independently. Able to analyze and respond to inquiries from global teams in Bangalore and Boston etc. regarding data accuracy, transaction/holding reconciliation discrepancy, and provide support to troubleshoot and determine the root cause of report breaks, system/application (i.e., ESP) failures.
  • Ensure compliance with capital market and financial/regulatory reporting requirements.
  • Stay updated on industry trends and best practices to continually enhance processes.
  • Complete business requirement analysis and develop requirement with business team to identify the scope of work.
  • Use your business process operation skills to streamline and optimize workflows.
  • Learn new skill through training or on-job practice to efficiently design solution based on the requirements in designated technologies, such as alteryx.

Product You will Support – Tailored Shareholder Reports

Tailored Shareholder Report (TSR) rule, which was originally proposed in 2020, was approved by the United States Securities and Exchange Commission (SEC) on October 26, 2022. The rule contains amendments to the requirements for annual and semi-annual reports provided by mutual funds and exchange-traded funds, specifically open-end funds that are registered on From N-1A. The new reports, which will be delivered to shareholders, will be brief, visually engaging and will feature key information for retail investors. It is available online. Separate tailored shareholder reports must be prepared at the share class level and these slimmed down reports must be tagged in ixBRL. Information must be available within 60 days when period ends. State Street will offer a Tailored Shareholder Report solution to automate the creation of reports at the class level to meet the requirement of rule.

Why This Role Is Important To Us

We deliver all kinds of financial and regulatory data (Risk, Liquidity, performance, repo, broker, holding and transactions etc.) and insights to our onshore clients. We are driving digital transformation and expanding business capabilities and improving efficiency using industry best practices and advanced technologies such as UiPath, alteryx, Python. We are looking for hybrid talent to join our team and deliver values to our clients. We welcome talents of any background who have strong desire of learning and high aptitude of adaptability to upskill themselves both in financial domain and/or IT techniques. We have successfully fostered an environment of learning and studying off the campus and people around are ready to help you move forward to greater success.

What We Value

These skills will help you succeed in this role:

  • Solid knowledge of financial knowledge and capital market
  • Close attention to detail and effective communication in English
  • A desire to understand new technologies (e.g., big data, ETL, data marketplace etc.) and the instinct to know which ones to choose.
  • Data analysis skills

Education & Preferred Qualifications

  • A bachelor's degree in a related field or equivalent work experience.
  • Strong business process operation skills with a focus on data transformation.
  • Demonstrated interest and ability to learn and apply technical skills to automate and reengineer processes.
  • Knowledge of capital markets and financial/regulatory reporting.
  • Excellent communication and teamwork skills.
  • Problem-solving mindset with an eagerness to adapt and grow.

Why Join Us

  • Be a part of an innovative team driving the Tailored Shareholder Report (TSR) function in a dynamic market.
  • Opportunity to work on cutting-edge technical projects while gaining valuable industry insights.
  • Competitive compensation and benefits package.
  • Ongoing learning and development opportunities.

For further information, and to apply, please visit our website via the “Apply” button below.

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