State Street India | FS Agency Lending - Financial Accounting & Distributions, Team Lead

Responsibilities

• The team you will be joining is a part of State Street Markets (SSGM).
• The SF FAD Billing and Earnings Senior Associate will be responsible for distributing Client and Agent Securities Lending Earnings for all regions and currencies globally.
• 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.
• Looking for professional who have good understanding about the Stock Lending, Investment banking, Cash management and Broker Billing process.
• Calculate and distribute Client and Bank Earnings to meet the monthly deadline
• Ensure that work is completed ‘on-time’ and accurately.
• Assists the JV offshore team for complex and aged billing issues
• Manages the collection of offline payments coordinated between trading and borrowers
• Performs Earning DDAs daily reconciliation
• Prepares monthly Cash final data to ensure Bank/Client earning, co-agent fee, management fee are accounted accurately.
• During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures.
• Participates on projects or committees within the department and/or with BU Shared Services, and Client Operations teams.
• Work Location : Bangalore
• Work, Live and Grow.

Qualifications

• At least 5 years prior Financial Industry experience - of which, at least 4 year are in Global Markets within Earning and Billing management, Stock-loan or Stock-lending positions.
• Experience in a high volume Operations environment.
• Proficient in Microsoft Office Applications (Excel, Access, Word and Power Point).
• Strong client service, analytical, problem solving and communication skills.
• University degree in Business majoring in Accounting, Finance, or other Financial-related programs.
• Overall experience of years in Cash management , Broker billings or related work.
• Stock lending experience is a must. (Pre or post-trade Settlement).
• Good hands on experience in Excel formulas ( VLOOKUP and other basic formulas).

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)