Income Processing COE, Associate 2
State Street · Posted Oct 8
Investment servicing, custody, asset management, and trading solutions for institutional investors
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About the role
State Street is a global custodian bank, asset manager and asset intelligence company providing investment servicing, data & analytics, investment research & trading and investment management to institutional clients. The Income Processing Center of Excellence supports middle office, custody and fund accounting operations, handling income, accrual, amortization and corporate action processing for Fixed Income and Equity securities. This Associate 2 role performs daily income processing and validation, reconciles cash and stock breaks, executes process controls, and prepares MIS reporting using Excel, Power BI and other tools.
What you will do
- 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 SLA’s
- Strong Excel , Power BI and AI tools- MIS Reporting skills , data mining and analysis and Word Documents – SOPs
- Should be willing to work in shifts
- Good understanding and execution of process controls
- Ownership and accountability towards process delivery
- Individual will have a strong customer service and operational focus and will provide integrated, value-added services to our clients
Skills used in this role
What the employer is looking for
- 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
- Sound Knowledge on Capital markets and trade flow is required. Knowledge on Fixed Income products and Dividends processing.
- Good knowledge upstream and downstream process is required – Knowledge on Middle Office, Custody processes.
- Good understanding of risk and control associated to Custody , Income and Corporate Action processing
- Hands on experience in using Bloomberg Terminal for searching information on Corporate Actions, verifying coupon accruals for bonds and Price for securities.
- Good domain skills in the 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
- Candidate should be having a clear understanding of manual calculation of Interest Income and Dividend entitlements and tax implication on income payments
- Comprehensive knowledge on Research & resolution on all recon breaks such as trade break/Corporate action breaks & other product related breaks
- Candidate should be able to identify & report the process risks in the recon process
- 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.
- Understanding on Robotics & BPM.
- Good interpersonal, communication and people management skills
- Ability to adhere to strict timelines
- Good interpersonal and communication skills
- Ability to work under tight timelines
- Willing to work in any shifts.
Preferred qualifications
- Bachelor / Masters in Accounting/MBA Finance
- NISM/NSE Certifications
- CISI Certifications
Benefits and support
- Generous medical care, insurance and savings plans
- Flexible Work Program
- Development programs and educational support
- Paid volunteer days
- Matching gift program
About State Street
State Street Corporation is a leading global financial services holding company providing institutional investors with investment servicing, investment management, and investment research and trading. Operating in more than 100 geographic markets worldwide, the company manages and administers trillions of dollars in assets through its core divisions like State Street Global Advisors and State Street Alpha. Headquartered in Boston, Massachusetts, it traces its origins back to 1792.
- Industry
- Financial Services
- Company size
- 51000+ employees
- Founded
- 1792-06-25
- Location
- Boston, Massachusetts, USA
- Funding stage
- Public Company
Leadership
Chairman and Chief Executive Officer
John Woods
Chief Financial Officer
Mostapha Tahiri
President of State Street Alpha & Chairman of Asia Pacific
Ann Fogarty
Enterprise Chief Operating Officer
President and Chief Executive Officer of State Street Investment Management
Recent coverage
Business Wire
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