State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $33.99 trillion in assets under custody and administration and $2.81 trillion* in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Streets website at www.statestreet.com.*This figure is presented as of September 30, 2018 and includes approximately $28 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.Business Line Information Please mention any unique selling points of the role/department in this spacePurpose of Role: (Summaries the jobs intent and why it exists, in one or two sentences) Confirm department/teams the role will interact with on a day to day basisThe main function of the role is: Account for the day-to-day management of a functional/oversight team(s) and manage daily service delivery and production activities performed by staff. Work in conjunction with individuals on the team as well as other Shared Service teams/COEs, outsource locations, Client Operations and other business units to ensure seamless processing according to the funds policies, to ensure NAV/yield accuracy and that all SLAs are met. As well as, Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.Major Responsibilities: (Identify 5-8 major responsibilities performed by the job. Include the approximate percentage of time performing each responsibility during a typical week/month. If the percentage of time performing a function is less than 5%, that function should not be listed)Role specifics:-Oversees the activities of staff by working closely with direct reports. Manages the day-to-day activities and controls to ensure consistency of policies adherence to procedures. Manages and facilitates timely resolution of issues. Proposes and works to implement workflow changes and supporting technical solutions leading to improved productivity and profitability. Keeps abreast of regulatory compliance and developments for the assigned area and apprises staff as necessary. Identifies and analyzes operations risks related to current and potential business and recommends procedural changes and controls as needed Creates and uses quality service measurement tools to ensure compliance with operational standards with SLAs and SOPs and create management reporting as needed Coordinates and manages projects within the department and/or with BU Shared Services, COEs and Client Operations teams. JOB DESCRIPTIONInformation Classification: ConfidentialDuring 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. Conducts periodic performance reviews; provides ongoing counsel, training, development and motivation of staff. Participates in the hiring, salary, promotional and termination recommendation process Level of Education/ Specific Qualifications:Education Requirements:Bachelors Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent experience preferred Highly proficient with Microsoft Office Products (Excel, Word)Location: Mumbai multiple shifts available Demonstrated managerial, leadership and decision making abilitiesExcellent communication, organization, interpersonal planning, and analytical skillsAbility to effectively bring individuals from multiple areas together to resolve identified issues.Should have exposure to trading instruments like Equities, Options, Bonds, Futures, Spots and Forwards, Bank Debts and Credit Default Swaps (CDS) Should have knowledge of Corporate Actions, Income & Expense accruals, SEC Yields, Distributions, NAV calculations etc.Should have prior Mutual Fund accounting experience including General Ledger analysis and reconciliationSkills and Experience - interpersonal, numerical, problem-solving, analytical, etcExperience Requirements:At least 5 (3-4 for Officer) years of related Custody and/or Fund Accounting experience, part of which must have been in a management or supervisory capacity. Prior relevant work experience of 8+ years.Knowledge of securities language and legal requirements. Good interpersonal, organizational and management skills. Solid understanding of operational functions within Custody and/or Fund Accounting. Ability to provide technical expertise to resolve daily problems. PERSON SPECIFICATIODemonstrated computer proficiency and working knowledge of various software applications. Ability to develop and enhance client relationshipsRequired Competencies - motivation, team skills, ability to work under pressure, etc. Demonstrated ability to meet deadlines and possess strong problem solving and resolution skills. Some understanding of financial services and investment products. Strong attention to detail and a focus on service. Strong PC skills, specifically Excel skills (Intermediate) Strong written and verbal communication skills Ability to prioritize multiple responsibilities to meet internal and industry deadlines. Strong problem resolution skills Ability to work well in a fast paced, high volume atmosphere
State Street Corporation (nyse: Stt) Is One Of The World's Leading Providers Of Financial Services To Institutional Investors, Including Investment Servicing, Investment Management And Investment Research And Trading. With $33.99 Trillion In Assets U
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