State Street India | Corporate Actions - Assistant Vice President

Responsibilities

• As a Corporate Actions COE Assistant Vice President, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/Centers of Excellence (COEs) by monitoring and processing custody, accounting, and middle-office-related events in the fund’s records accurately and timely.
• The candidate will ensure prompt follow-up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients, while supporting effective people management.
• As part of the Corporate Actions COE, you will be required to contribute to the development of processes and people, while improving the team’s risk standards.
• Process Optimization: Identify and implement improvements to streamline operations, increase efficiency, and reduce costs.
• Budget Management: Manage the operational budget, ensuring efficient resource allocation and cost control.
• Drive a pay-for-performance culture and performance differentiation
• Take accountability for end-to-end outcomes across the enterprise by collaborating across functions, businesses, and locations
• Work, Live and Grow.

Requirements

• Commercial acumen, including an understanding of costs and budgets at the Officer level, with the ability to lead and drive related initiatives.
• Drive efficiency and automation initiatives. A sound understanding of technology tools, AI, and Agile frameworks is preferred.
• Bachelor’s degree in Commerce or Economics with a specialization in Business, Accounting, Finance, or another finance-related program.
• 10–16 years of experience in accounting, finance, mutual fund operations, loan servicing, or related careers preferred.
• Deep Knowledge of Corporate Actions: Understand the end-to-end corporate action and income cycle, fund accounting, bond concepts, dividends, different types of corporate action events, including mandatory and voluntary events, the corporate action event lifecycle, and associated rules around entitlement, election, payment, post-payment validation checks and controls, and relevant regulations.

State Street

State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.

In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.

• Industry: Financial services — custody, fund services and investment management
• Headquarters: Boston, Massachusetts, USA
• In India: Offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City (Gandhinagar)