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 to make your mark in the financial services industry from day one.

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.

- Support clients and other relevant stakeholders during the process with timely client responses.

- Develop & build knowledge of existing markets, their changes, and financial instruments using various information sources.

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

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

- Perform intra-day and EOD checks for actions completed or pending and escalate any challenges according to established procedures.

- 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 and support projects and initiatives aimed at improving the corporate action Income, dividend, Interest processes.

- Conduct required testing, analyze results, and introduce enhancements to the production environment while 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 to deliver effective client service.

- Ensure client and internal operational team inquiries are resolved and escalated as needed, and review aged inquiries to ensure appropriate and timely resolution in accordance with Standard Operating Procedures.

- Work effectively as a team member and independently.

- Demonstrate understanding of State Street’s Risk Excellence principles and support the Risk Sensing function by identifying and documenting areas of potential risk, advocating solutions.

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

Preferable Requirements of the role:

- Good knowledge of Mutual funds, Equity, and fixed income products, and the workings of the Capital market.

- In-depth knowledge of Corporate Actions, Asset servicing, Incomes, Transaction processing, reconciliation, etc.

- Relevant experience in Market Value Reconciliation, Expense Accounting postings, including Management Fee, Admin Fee, and Incentive Fee, Dividend Accrual Reconciliation, Bond Coupon Accrual Reconciliation.

- Exposure to trading instruments like Equities, Options, Bonds, Futures, Spots, and Forwards, Bank Debts.

- Hands-on experience using Bloomberg Terminal for searching information on Corporate Actions, verifying coupon accruals for bonds, and Price for securities.

- Exposure to Accounting services of a Custodian Bank.

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.

- Acts collaboratively.

- Willingness to learn.

- Attention to detail.

- Team player.

- Idea generator.

- Ability to work accurately and to 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. 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. You’ll have access to flexible Work Programs to help you match your needs. Our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility

We 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 welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality. Active engagement with our communities around the world is a fundamental value at State Street. 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.

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