Core Operations, Associate 1 - Bangalore & Hyderabad

Recruiter
State Street.
Location
Hyderabad, Bangalore, India
Salary
Not disclosed
Posted
24 Sep 2021
Closes
27 Sep 2021
Ref
R-677022
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant
Purpose of the Job

As a Bank Loan Specialist, Associate 1, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE’s) by monitoring and processing custody related events to the fund’s records accurately and timely. Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients.

Roles and Responsibilities

  • Performs daily maintenance and record keeping for Syndicated Bank Loans held in various Mutual Fund and other Structured portfolios for various SSC clients
  • Processing trades, booking receipts and disbursements
  • Daily reconciliation of cash balances
  • Producing daily roll-forward proof of portfolio holdings and accrual information
  • Preparing standard and ad hoc reporting for both internal and external customers
  • Responding to customer queries on a daily basis
  • Daily processing of bank loan notices as received from agent banks,
  • Interact with the Investment Manager on their assigned portfolios, inputting/settling trades, performing ad hoc requests and providing daily reporting per client specific guidelines
  • The individual will work closely with their mutual fund counterpart, providing Loan related reports to be incorporated into the final NAV Calculation.
  • During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
  • Experience in accounting, finance, mutual fund operations, loan servicing or related careers (preferred)

Qualifications and Competencies

  • 0- 1 years’ experience in accounting, finance, mutual fund operations, loan servicing or related careers (preferred).
  • Experience on Fund Accounting and Transaction Processing & Management.
  • Excellent Verbal and Business communication skills, along with good influencing skills
  • Excellent problem solving and analytical skills
  • 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.
  • Consults with manager where clarification or exception to policy may be required
  • Skills: Strong computer competence (Microsoft applications {Excel, Word etc.}, aptitude for math, interpersonal skills, oral communication skills, multitasking capability, ability to work under pressure/deadlines driven environment

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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs 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 perspectives 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 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 programs 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.

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