Alternative Operations Reconciliations-Senior Associate

Job Description

Who we are looking for

• At least 3+ years of experience in (Investment Banking) Hedge Fund/ Capital markets/ Fund Accounting along with Reconciliation & Resolution teams for both Cash and Position

• Experience in Investment Banking and AMC's handling Fund Accounting operations preferred  

• Understanding of Investment Manager and Custody business will be a plus

• Sound Knowledge on Capital markets and trade flow is required. Knowledge on Derivative products.

• Good knowledge upstream and downstream process is required – Knowledge on NAV/Custody processes.

• Knowledge on Geneva application will be an added advantage

What you will be responsible for

• Daily Cash and Position Reconciliation between fund and Broker.

• Hedge fund Reconciliation activity for Cash, Cost, and Position & Long-term & Short-term Gain/Loss Realization for the individual portfolio.

• Reconciliation of Dividend & Market Valuation of the portfolio during month-ends for the fulfillment of calculation of GNAV.  

• Review and validate deliverables are completed within the specified SLA's

• Create process flows for the various sub-process so that a repository is created for repeated trainings in the future 

• Strong Excel - MIS Reporting skills and Word Documents – SOPs  

• Should be willing to work in shifts

• Strong SME skills to trouble shoot process issues

• Business continuity management for the respective team

• Drive process excellence initiative for the team.

• Managing Client expectation and proactive approach is a must

• Individual will have a strong customer service and operational focus and will provide integrated, value-added services to our clients

What we value

These skills will help you succeed in this role

• Hands on experience in using Bloomberg Terminal for searching information on Corporate Actions, verifying coupon accruals for bonds and Price for securities.

• Good domain skills in the reconciliation processes especially pertaining to market value recon, transaction and cost recon.

• Exposure with portfolio accounting, General ledger systems

• Candidate should be having sound knowledge on matching process & should be able to suggest & advise on matching rules & improvements

• Comprehensive knowledge on Research & resolution on all recon breaks such as trade break/Corporate action breaks & other product related breaks

• Candidate should be able to identify & report the process risks in the recon process

• Exposure to trading instruments like Equities, Options, Bonds, Futures, Spots and Forwards, Bank Debts, Credit Default Swaps (CDS) and Contract for Difference (CFD Swaps).

• Lean/Six sigma certification will be a plus.

• Sound understanding of Risk excellence measures within the organization.

• Understanding on Robotics & BPM.

• Excellent People skill. Should be able to drive 10 to 15+ team in right direction

• Lead and manage a team in day-to-day production of various Recon types

• Ability to handle bigger span and adhere to strict timelines and quality deliverables

• Good interpersonal, communication and people management skills

• Ability to interact with BU / Global head effectively and manage SLA's

Education & Preferred Qualifications

• Bachelor / Masters in Accounting/MBA Finance

• NISM/NSE Certifications

• CISI Certifications

• MOOC Certifications

Additional Requirements

• Ability to adhere to strict timelines

• Good interpersonal and communication skills

• Ability to work under tight timelines

• Willing to work in any shifts.  

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. 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.

State Street is an equal opportunity and affirmative action employer.

Discover more