Job Description

Who we are looking for

We are looking for ambitious and career oriented graduates with good analytical skills and conversant with Reconciliation concepts & numbers. The main function of the role is to ensure accurate reconciliation of client portfolios vs custody / fund accouting accounting records and operationally support all Investment Management teams in their respective roles.

What you will be responsible for

As an Associate, you will be responsible for..

• Ensuring all daily cash and security reconciliations are completed accurately.
• Act as the liaison between portfolio management teams, custodians, brokers and clients. 
• Reconcile portfolios and resolve all discrepancies in a timely manner.
• Works on assignments or funds with minimal supervision.  Follows general procedures.  Requires minimal rework. 
• Maintains a working knowledge of relevant systems. 
• Acts as a team player/contributor. 
• Informs manager of potential issues on a timely basis. 
• Meeting all stated Service Level Expectations.

What we value

• Learning attitude.
• Critical thinking.
• Positive approach.
• Flexibility.
• Result orientation.

Education & Preferred Qualifications

• MBA finance / B.com as an educational qualification
• Knowledge of investment accounting
• 2 years’ Custody & Accounting experience on related investments is an added advantage.

Skills/ Knowledge

• Strong written and verbal communication skills
• Ability to prioritize multiple responsibilities to meet internal and industry deadlines. 
• Strong problem resolution skills
• Ability to work well in a fast paced, high volume atmosphere

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

Senior Associate Job Description

Who we are looking for

The successful candidate must demonstrate continues improvement mindset, be a strong, decisive, results oriented individual who can develop and manage relationships across the company and with a wide variety of partners, based on trust, teamwork, and knowledge.

A highly skilled Reconciliation Subject Matter Expert (SME) and First line supervisors with extensive knowledge in Custody and Fund Services with people management experience. The ideal candidate will possess in-depth understanding of the end-to-end processes of Mutual Funds, Hedge Funds, ETFs, and other investment vehicles. They should be proficient in multiple asset classes including derivatives, bank loans, fixed income, OTC products, etc., and have a deep understanding of their life cycles.

What you will be responsible for

• Oversee and review Daily Reconciliation deliverables for responsible unit/client
• Drive Reconciliation process excellence though proactive management of the exception lifecycle
• Responsible for service delivery and client sentiment, including internal functional contact.
• Identify opportunities for process improvement and automation in reconciliation processes and contribute to the development and enhancement of reconciliation systems and tools. Improving auto match and auto coding rate through available Recon tool.
• Support a strong risk management and control environment.

What we value

• Extensive asset management experience, including investment operations, reconciliations and fund accounting.
• Strong critical thinking, problem solving, and decision making skills
• Hands-on experience with reconciliation tools like TLP/IntelliMatch and proficiency in manual reconciliation processes.
• Strong communication and presentation skills to audiences of different sizes and levels of seniority
• Must be self-motivated, adaptable and show initiative in different circumstances and under pressure
• Good team working skills and Flexibility in working outside of your responsibilities and areas of expertise

Education & Preferred Qualifications:

• Bachelor's degree in finance, Accounting, or related field. Master's degree or professional certification (CFA, CPA, etc.) is a plus.
• 6-10 yrs. of experience in reconciliation operations within the Custody and Fund Accounting domain.
• Profound knowledge of multiple asset classes and their life cycles.
• Strong analytical and problem-solving skills with attention to detail.
• Ability to adapt to a fast-paced, dynamic environment and manage multiple priorities effectively.
• Knowledge of relevant regulatory requirements and industry standards.

About State Street

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.

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/careers

Read our CEO Statement