State Street India | Middle Office - Senior Associate

Key responsibilities

• The Senior Associate is responsible for supporting end-to-end transaction management activities across global financial markets, ensuring timely and accurate trade confirmation, settlement processing, static data maintenance, exception management, and client servicing.
• The role requires close interaction with brokers, custodians, investment managers, counterparties, and internal stakeholders to mitigate settlement risk, maintain data integrity, and support excellent client outcomes.
• The successful candidate will demonstrate strong product knowledge across Equities, Fixed Income, FX, Money Markets, and Derivatives, coupled with exceptional analytical, communication, and problem-solving skills.
• Manage the complete settlement lifecycle for securities and cash transactions.
• Monitor settlement queues and ensure timely release of trade instructions.
• Investigate and resolve unmatched and failed trades by coordinating with brokers, custodians, counterparties, and internal teams.
• Perform pre-settlement and post-settlement monitoring to maximize settlement efficiency.
• Review settlement exceptions and execute corrective actions within market deadlines.
• Support force settlement, pre-advice processing, and cash management activities where applicable.
• Monitor market-specific settlement requirements and ensure regulatory compliance.
• Perform daily confirmation and matching of trades through electronic matching platforms and manual processes.
• Investigate confirmation breaks and discrepancies with brokers and trading desks.
• Manage broker matching activities while adhering to client-specific matching tolerances and SLAs.
• Support CTM, Trade Nexus, Trade Suite, Alert, SWIFT, and other matching utilities.
• Ensure proper allocation and block trade processing.
• Validate economic terms, settlement details, and trade attributes prior to matching.
• Maintain audit trails and evidence of confirmations and exception resolutions.
• Drive reduction in manual confirmations and promote STP opportunities.
• Create, maintain, and validate standing settlement instructions (SSI).
• Maintain security master, counterparty, broker, custodian, and market reference data.
• Perform periodic reviews and quality control checks on static data records.
• Manage account openings, account maintenance, and related documentation.
• Ensure accurate maintenance of settlement locations, PSETs, BICs, SWIFT details, and market-specific requirements.
• Investigate and resolve data exceptions and reconciliation breaks.
• Support data governance and control framework requirements.

Requirements

• Relevant industry certifications such as CFA, FRM, CISI, or investment operations certifications are preferred.
• Experience in Trade Settlements, Trade Confirmation, Static Data Management, Custody Operations, or Middle Office Operations.
• Exposure to global securities markets and settlement practices.

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)