State Street India | Middle Office - Assistant Vice President

Key responsibilities

• The Assistant Vice President will be responsible for executing and overseeing daily accounting and reconciliation activities across investment portfolios, ensuring accuracy, completeness, and timely delivery.
• The role requires strong analytical capability, operational rigor, and the ability to manage exceptions, risks, and stakeholder expectations within a middle office environment.
• Perform daily cash, position, and transaction reconciliations across multiple asset classes.
• Investigate and resolve reconciliation breaks within defined SLAs.
• Identify root causes and drive permanent resolution of recurring discrepancies.
• Liaise with custodians, fund administrators, and internal teams to resolve issues.
• Support IBOR accounting activities including journal entries, accruals, and valuation checks.
• Review trial balances and assist in TMV validation processes.
• Ensure adherence to accounting standards and internal control frameworks.
• Monitor exceptions and escalate high-risk items in a timely manner.
• Ensure compliance with operational risk and control procedures.
• Participate in audits and provide required documentation and explanations.
• Identify opportunities to enhance efficiency and reduce manual intervention.
• Support automation initiatives and system enhancements.
• Contribute to standardization and documentation of processes.
• Act as a point of contact for internal stakeholders, clients, and external partners.
• Provide clear and concise reporting on reconciliation status and key issues.
• Collaborate with front office, fund accounting, and technology teams.
• Mentor junior team members and support knowledge sharing.
• Assist in workload management and ensure timely deliverables.

Requirements

• Strong understanding of financial instruments (equities, fixed income, derivatives preferred).
• Experience with reconciliation tools and accounting systems.
• Strong analytical and problem-solving skills.
• Good understanding of financial markets and investment operations.
• Effective communication and stakeholder management.
• Ability to work under tight deadlines in a dynamic environment.
• Knowledge of reconciliation platforms (e.g., TLM, DUCO, IntelliMatch).
• Exposure to automation tools (e.g., Alteryx, Python, RPA).
• Understanding of regulatory and audit requirements.

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)