Alternative Operation Fund Accounting, Associate 2

Job Description

Who we are looking for

The team you will be joining is a part of State Street Global Delivery (GD). GD gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, GD tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Why this role is important to us

We provide administrative fund services to both Hedge Fund and Private Equity managers within our Alternative Investment Solutions business group. Our PE team delivers customized service solutions for investment funds that have closed end structures and a variety of portfolio investments. We have roles (at all levels) available on the Hedge Funds, Private Equity and Real Assets teams. If you are looking for a unique opportunity to service hybrid hedge and private equity products for industry leading asset managers, interact daily with functional teams including trade operations, investor services, custody, tax, and financial reporting locally and in globally diverse locations you should consider joining our team!

The team you will be joining is a part of AIS Custody, that became a part of State Street (India) in 2017. The team is responsible for managing the core process workflow related to Security & Settlements, Cash Management & Reporting activities.

What You Will Be Responsible For

As Associate 2, you will

• Good knowledge about end to end of the Trade Life Cycle
• Book trades accurately and in a timely manner. Communicates fail trade information as directed. Reconcile outstanding items
• Knowledge about trade elements such as Security identification, transaction type, counterparty,
• Understanding about SWIFT messages and different message type
• Basic identification of ISIN, Sedol & Cusip
• Knowledge about different types of trade such as RVP, DVP, RFP, DFP, etc.
• Basic knowledge about DTC, FED, Euro Clear and Clear Stream would require for this role
• Knowledge about calculation of gain / loss of a trade (cost basis)
• Understanding about processing deal slip
• Knowledge about trade settlement and reasons for failure of trade
• Should be able to work under stringent deadline situations
• Mailbox management and to ensure all actionable completed within the deadline
• Work in conjunction with individuals on the team, other shared services / COEs, India and Onshore to ensure seamless processing of custody related processing.
• Support the research and resolution of exceptions and inquiries related trade processing & Trade Settlement.
• Process trade settlement information within deadlines and comply with all FTTOP requirements
• Process collateral / assets segregated as instructed
• Maintain records in support of audits
• Consults with manager where clarification or exception to policy may be required
• Other duties as assigned.

What We Value

Education & Preferred Qualifications

Additional Requirements

Associate is an entry level position with 1+ years of experience with basic knowledge of Security Processing and settlement. Provide support during US market hours, should be comfortable with Night Shift.

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 make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspective 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 warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com / careers

Job ID : R-778202

Skills Required

Microsoft Office, Trade Processing, dtc, Trade Life Cycle, Trade Settlement, Rfp