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Operations Early Career Entry Program

State Street · Posted Oct 20

Investment servicing, custody, asset management, and trading solutions for institutional investors

Bangalore, Karnātaka, IndiaInternshipOnsiteIntern/New Grad₹2.4L–₹3.6L yearly54 applicants
Financial ServicesBankingInvestment ManagementAsset ServicingCustodyPublic Company
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About the role

State Street's Global Delivery Function provides back and middle office products and services including custody, accounting, fund administration, transfer agency, middle office, and cash processing for asset managers, asset owners, alternative investors, and insurance companies. The Operations Early Career Entry Program is a structured internship for final-year students with exposure to departments such as fund accounting, financial reporting, derivatives, treasury, transfer agency, middle office, pricing, risk, compliance, data management, and anti-money laundering. Participants work from the Bangalore office five days a week and receive training, mentoring, networking, and leadership sessions.

What you will do

  • Participants or Program Participants you will be part of any one of the below department State Street is catering:
  • The Fund Accountant is responsible for calculating the net asset values of funds by processing daily accounting related functions to ensure funds prices are accurate and delivered to the client in a timely fashion. The Fund Accountant is the central point of contact for all accounting support functions and analyzes the information received thereby ensuring any discrepancy is monitored and resolved professionally.
  • The Financial Reporting Accountant is responsible for preparing financial statements for annual and interim cycle. They also prepare and complete first draft of audited annual and un-audited interim financial statements from trial balance including Profit and Loss Account Balance Sheet Cash Flow Schedule of Investments notes to financial statements.
  • The team deals with the complex futures and options processing for the entire European exchange traded derivatives, Centre of Excellence book of business and supplementary business offshored from other State Street sites. The Derivatives Group is the central point of contact for the clearing banks and client service teams on all sites. Other services include some cash instructions and the improvement of processes for recording derivative instruments accurately and efficiently.
  • Financial Accountant performs the accounting processes that may include [but is not limited to]: accounting documents processing, journal processing, payments preparation, account reconciliation preparation and verification of the reports performing other projects as assigned etc.
  • Treasury Accountant performs the treasury processes that may include [but is not limited to]: treasury transactions processing (money market stock market), prepare/approve payments, collateral management/margins, monitor minimum required reserve in national central bank, reconciliation bank accounts (cash positions balance sheet) reports, performing other projects as assigned etc.
  • Transfer Agency Administrator is responsible for trade processing, investor account maintenance, issue reporting and resolution. You will be responsible for processing investor transaction: review documentation to ensure anti-money laundering documentation has been received and enter subscription on ISS and save documentation on to DMS.
  • Middle Office Administrator is responsible for processing trade file submitted by the Fund daily on trade-date, trade-date confirmation (electronic telephonic or hard copy) based upon the trade file transmitted by the Fund and trade details provided by the Fund’s approved counter parties and monitor trade fails with prime brokers counter parties and the Fund including review of prime broker/custodian fail or mismatch of reports.
  • Pricing Administrator’s role is to assist in the accurate and efficient pricing of a range of securities held by investment funds. The principal tasks of this role is to price exchange traded securities and validation to sources such as Bloomberg Reuters and FTID.
  • The Enterprise Risk Management (ERM) division within State Street Corporation establishes and maintains appropriate risk management policies guidelines and limits and assists executive and business-level management with minimizing operational credit legal regulatory reputation and other risks to the company.
  • Investment Compliance Analyst will be responsible for monitoring compliance results on client portfolios related to Regulatory and Investment Manager (IM) mandates. Utilizing State Street’s Investment Compliance & Reporting platform the qualified candidate will complete the research analysis and reporting to ensure portfolios are in compliance with their investment restrictions.
  • The Data Analyst(s) will be responsible to work comprehensively with both IT and the Investment Compliance/Market, Conformity Business Units to procure data necessary for daily compliance and conformity checks. Furthermore the Data Analyst will be responsible for the update and maintenance of market data, static data and holdings data that is not otherwise fed to the core application MIG 21 via automated data feeds.
  • Anti-Money Laundering Specialist will be involved in reviewing investor Anti Money Laundering documentation in line with the AML policies and liaising with the Transfer Agency team’s in order to request and obtain the required data from the investors and/or clients.

Skills used in this role

MS OfficeBloombergReutersFTIDISSDMSMiG-21EnglishCommunicationAnalyticalProblem SolvingCritical ThinkingDecision-Making

What the employer is looking for

  • Combination of academic aptitude, analytical capabilities, and excellent communication.
  • Strong critical thinking, problem solving and decision-making skills.
  • Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role.
  • Ensure that the highest level of the Code of Conduct is displayed in your behavior.
  • Support the ‘Risk Excellence’ culture within the business.
  • Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulations.
  • Desire to develop Your career in finance industry.
  • Good written and spoken English.
  • Basic knowledge in MS Office.
  • You must be available to participate in the program in person, starting from day one and for its full duration and you are required to work from the office 5 days a week.

Preferred qualifications

  • Final Year Students Enrolled in full time education at undergraduates in the penultimate year of degree in one of the following areas: Finance, Accounting, or Economics are preferred; applicants from other disciplines may also apply.
  • Enthusiastic about building a long-term career in a dynamic organization.
  • Effective communicators with the ability to collaborate in a team-oriented environment.
  • Open to feedback and committed to continuous learning and improvement.
  • Motivated by real-world problem solving and eager to contribute innovative ideas.

Benefits and support

  • A structured learning and development program, specific job-related trainings, professional development and soft skills trainings.
  • A buddy who can offer you their experience, knowledge and guidance throughout your internship.
  • Dedicated networking events for the Interns.
  • Leadership and business-related sessions with Senior Management.
  • Possibility to grow your professional network by joining an Employee Committees include Professional PWN, Families Network, Disability & Inclusion Network, Pride & Friends Network, Environmental Sustainability Network.
  • Generous medical care, insurance, and savings plans
  • Flexible Work Programs
  • Development programs and educational support
  • Paid volunteer days
  • Matching gift programs
  • Access to employee networks

About State Street

State Street logo

State Street

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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

RP
Ronald P. O'Hanley

Chairman and Chief Executive Officer

JW

John Woods

Chief Financial Officer

MT

Mostapha Tahiri

President of State Street Alpha & Chairman of Asia Pacific

AF

Ann Fogarty

Enterprise Chief Operating Officer

YH
Yie-Hsin Hung

President and Chief Executive Officer of State Street Investment Management

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