Job Description – Associate 2

Who we are looking for

This role is responsible for managing the Income Processing and review for clients within the Middle office accounting processing. The team provides a vital role in the Corporate Action / Income processing value stream which captures and processes all dividends, interest, and tax-related events in various markets across clients. There is a high degree of risk associated with this position and risk management skills are critical. The role is based out of Hyderabad, Telangana, and is responsible for the APAC, EMEA, and US markets, working closely with our global teams/sites.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As a Corporate Actions/Income Processing Associate, you will:

- Provide support and control over complex and time-critical corporate action events (Mandatory & Voluntary) – All Income/Interest related processing into accounting systems.

- Ensure timely and accurate processing of all dividends, income event types in accordance with client requirements and operational procedures.

- Ensure all Corporate Actions & Income setups, instructions, and payments are processed while meeting standards established by the Bank and the team’s procedures.

- Provide accurate and detailed information to clients pertaining to Corporate Actions and Income events.

- Develop and build knowledge of existing markets, their changes, and financial instruments by making regular use of various information sources.

- Research and review more complicated Income events using the database system and ensure timely resolution and fixes by liaising with various teams, custodians, brokers, etc.

- Prioritize workload and ensure daily tasks are completed within the stipulated SLA.

- Perform intra-day checks and EOD checks for the actions completed or pending and elevate or escalate any challenges.

- Communicate with internal and external parties to provide corporate action/Income information and relevant deadlines.

- Ensure effective risk management by assisting with end-of-day management reporting and ensuring timely escalation and resolution of pertinent issues.

- Work towards becoming a subject matter expert support for projects and initiatives aimed at improving corporate action Income, dividend, and interest.

- Conduct any required testing, analyze the results and introduce any enhancements to the production environment whilst updating procedures.

- Process and/or resolve complex issues such as instruction discrepancies, cash and stock reconciliation, and timely exception resolution.

- Assist and coordinate procedural changes to the current process and deliver effective client service.

- Ensure client and internal operational team inquiries are resolved and escalated as needed.

- Demonstrate an understanding of Risk Excellence principles and support the Risk Sensing function by identifying and documenting areas of potential risk.

- Identify any unusual or potentially suspicious transaction activity and report or escalate in accordance with corporate policy and guidelines.

What we value

These skills will help you succeed in this role:

- An understanding of the financial services industry

- An understanding of Custody Banking

- Knowledge of basic financial instruments

- Proficiency in Microsoft Office Package

- Strong communication and interpersonal skills

- Willingness to learn

- Attention to detail

- Team player

- Idea generator

- Ability to work accurately and meet daily deadlines

Education & Preferred Qualifications

- Bachelor’s degree or equivalent industry-recognized qualification

- 1-3 years’ experience in financial services.

About State Street

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.

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