State Street India
State Street India | Loan Operations Vice President, India
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Job Highlights
Responsibilities
- The team oversees a portfolio of 10 different products with over $104B of notional commitments.
- We are seeking a Loan Servicing Unit (LSU) Vice President to lead the regional loan servicing team and oversee servicing for all GCF credit facilities on the Bank's loan accounting system.
- In this role, you will manage and develop the team.
- You will set priorities, allocate work, and give the team clear direction, training, and support.
- You will also oversee the team's processing of cash transfers and reconciliations, making sure the work is accurate, controlled, and meets SLAs. You will serve as the regional point of escalation, monitor operational metrics, and partner with GCF leadership, IT, and stakeholders to strengthen processes, controls, and team performance.
- Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying.
- Coordinate team to update loan accounting system for all new, renewing and terminating counterparties and lines of credit
- Analyze documentation to determine required data entry to loan accounting system ·
- Review transactional documentation and process principal, interest and fee transactions on loan accounting system
- Execute cash movements via internal transfer and Fed wire/SWIFT
- Perform secondary review and approval of daily transactions and facility structure changes
- Reconcile general ledger accounts; document and resolve discrepancies timely
- Review and follow up on various exceptions
- Assist with management of Loan accounting system issues development with GCF IT support team
- Assist with regulatory reporting requests, audit requests, and assurance reviews
- Execute on strategic projects and initiatives in support of the Loan Servicing function.
- Manage the operation of the LIQ and SVS booking platforms, identifying enhancement possibilities and working internal IT partners and business stakeholders to ensure ongoing performance and functionality within the systems
- Develop and enforce procedures, and production schedules to assure timely, accurate completion of servicing functions
- Manage the resolution of any customer concerns
- Ensure adherence to regulations and policies
Education & preferred qualifications
- Demonstrate understanding of Loan Processes, Procedures, Products and Services, and accounting principles.
- Proficiency with Microsoft Excel required; macro experience would be desirable.
- Good organizational skills and the ability to prioritize under tight deadlines.
- Prior banking and/or lending knowledge required.
- We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them.
- Able to identify, mitigate, manage, resolve, and escalate risks and issues
- Strong people management experience
- Proficiency with Loan IQ required
About the company
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.
