State Street
Website:
statestreet.com
Company:
https://www.linkedin.com/company/state-street
Seniority: Not Applicable
Industries: Financial Services, Investment Banking, and Investment Management
Job details:
Job Description: Officer , Location : Mumbai
Who We Are Looking For
As a Corporate Actions COE Officer, the ideal candidate will support and assist Client Operations and other operational Shared Services teams/Centers of Excellence (COEs) by monitoring and processing custody, accounting, and middle-office-related events to the fund’s records accurately and on time. The role requires prompt follow-up on exceptions and timely problem resolution to mitigate risk to the corporation while delivering excellent service to clients and supporting effective people management.
Why this role is important to us
Corporate Actions COE manages end-to-end processing of mandatory and voluntary events across custody, accounting, and middle-office services for clients. This involves processing financial activities that help other teams derive NAV, cash and stock projection reports, and portfolio performance reports for clients. As part of Corporate Actions COE, you will be required to contribute to the development of processes, people, and risk standards for the team.
What You Will Be Responsible For
As an Officer, you will be responsible for:
- Process Optimization: Identify and implement improvements to streamline operations, increase efficiency, and reduce costs.
- Resource Management: Manage resources (people, budget, technology) effectively to achieve operational objectives.
- Performance Monitoring: Track key performance indicators (KPIs) and identify areas for improvement, taking corrective actions as needed.
- Team Leadership: Lead and develop a team of managers and staff within the operations department.
- Collaboration: Work with other executive teams to ensure alignment and coordination across the organization.
- Quality Control: Ensure that the company's operations deliver high-quality products or services that meet customer needs.
- Risk Management: Identify and mitigate potential operational risks.
- Deep Knowledge of Corporate Actions: Understand the end-to-end corporate actions cycle, fund accounting, bonds, dividends, mandatory and voluntary event types, and the corporate action event life cycle. Demonstrate a strong understanding of validation checks and controls across different life-cycle stages, including event setup, entitlement calculations, election processing, payment, and post-payment reconciliations, as well as fund accounting, middle-office operations, and relevant regulations.
What We Value – Key Skills
- Results-oriented, with an ownership and accountability mindset
- Commercial acumen, including an understanding of costs and budgets
- Drive pay-for-performance and a culture of performance differentiation
- Executive presence, managing with influence and effective communication across stakeholder groups both regionally and globally
- Embed a risk excellence culture across teams
- Encourage and drive a culture of change and ideation
- Drive efficiency and automation initiatives. A sound understanding of technology tools, AI, and Agile frameworks is preferred.
Education & Preferred Qualifications
- Bachelor’s degree in Commerce/Economics with a specialization in Business, Accounting, Finance, or another finance-related program. Inter CA/Inter ICWAI or CFA pursuit is preferred.
- 10–16 years of experience in accounting, finance, mutual fund operations, loan servicing, or related careers is preferred.
Additional Requirements
Not specified.
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 are making our mark on the financial services industry. For more than two centuries, we have been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data and analytics, investment research and trading, and investment management to institutional clients.
Work, Live, and Grow. We make every effort to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance, and savings plans, among other perks. You will 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.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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Job ID: R-795301
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