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 plays a vital role in the Corporate Action / Income processing value stream, capturing and processing all dividends, interest, and tax-related events across various markets. There is a high degree of risk associated with this position, making risk management skills critical. The role is based out of Hyderabad, Telangana, and covers the APAC, EMEA, and US markets, working closely with our global teams.

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:

- Operate providing support and control over complex and time-critical corporate action events (Mandatory & Voluntary).

- 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.

- Guarantee support of clients and other relevant stakeholders during the process with timely client responses.

- Develop & 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 by liaising with various teams, custodians, brokers, etc.

- Prioritize your 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 escalate any challenges according to the 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 timely escalation and resolution of pertinent issues.

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

- Conduct any required testing, analyze 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, reviewing aged inquiries for timely resolution in accordance with Standard Operating Procedures.

- Work effectively as a team member as well as independently, contributing to individual and team results.

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

- Responsible for identifying any unusual or potentially suspicious transaction activity and reporting it according to corporate policy.

Preferable Requirements of the role:

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

- 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:

- Understanding of the financial services industry.

- Understanding of Custody Banking.

- Knowledge of basic financial instruments.

- Proficiency in Microsoft Office Package.

- Strong communication and inter-personal skills.

- Collaborative attitude and willingness to learn.

- Attention to detail.

- Team player with ideas for improvement.

- 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

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 strive to create a great work environment with competitive and comprehensive benefits packages. You may expect generous medical care, insurance, and savings plans among other perks. You’ll have access to flexible work programs to 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 that our employees' diverse backgrounds, experiences, and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity, and personality. We also engage actively with our communities around the world, offering tools to balance professional and personal life, paid volunteer days, matching gift programs, and employee networks.

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