Core Operations, Assc2

State Street.
Bangalore, India
Not disclosed
04 May 2021
31 May 2021
Contract type
Full time
Experience level
Qualified accountant

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.

Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us. State Street is an Affirmative Action/ Equal Opportunity Employer/Vet/Disability.

As a Global Cash Operation Associate - 2, you will interact internally with global Centres of Excellence, Client Operations teams, business unit Shared Service teams to complete applicable day-to-day activities, relating to the overall processing for assigned clients and portfolios.

Key Responsibilities

  • To work as part of a global team in facilitating Claims arising out of contractual settlement.
  • Liaising with agent banks, internal business units and counterparties for issuing claims, providing claim letter and arranging for claim settlement.
  • Processing payments, issuing free format swift (MT199, MT299) posting ledger entries to resolve the exceptions internally to settle claims.
  • Initiating the calls to counterparty / clients to discuss on the claim for resolution.
  • Should have good understand of the settlement process and also should be able to analyze the activities of clearing house (DTC, DTCC, CREST, Euroclear) to ensure pre & post settlements were properly followed.
  • Experience / Qualification / Key Skills / Attributes

  • Bachelor’s degree with business related coursework or B.S. degree in Accounting or Finance preferred
  • 2 – 4 years of experience in Claims/Compensation, Cash Operations/Securities Operations functions
  • Should be familiar with Trade Life cycle and have a fair understanding of different guidelines (ISITC, IFSA, TMPG and GBP guidelines) and good understanding of Claims flow which will be an added advantage
  • Good understanding of Cash Operations / Swift Messages/ Reconciliation
  • Strong computer competence (Microsoft Applications: Word, Excel)
  • Accuracy and detail oriented
  • Strong interpersonal skills
  • Strong communication (verbal and written) skills
  • Ability to multi-task
  • Ability to work under pressure, and within a deadline oriented environment
  • Key Competencies

  • Technical Knowledge & Commercial Acumen
  • Quality & Risk Control
  • Decision Making
  • Client Service
  • Communication
  • Teamwork
  • Coaching
  • Drive for Results
  • Adaptability
  • For further information, and to apply, please visit our website via the “Apply” button below.

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