Operations Core Operations, Senior Associate

7 days ago

Hinjawadi, India State Street Full time US$ 80,000 - US$ 1,20,000 per year

Who we are looking for

We are seeking an experienced Senior Associate in Investable Cash Team responsible for ensuring timely and accurate processing of Cash deliveries, Sweep, Payments etc. As a key member of the team, you will play a critical role in maintaining our highly standards of operational excellence and client satisfactions. Investable Cash team plays a critical role in optimizing cash management for our clients. The primary objective is to ensure timely and accurate delivery. Investable Cash Team is a part of Global Delivery which has Cash Availability and Sweep function is supported in India, Pune office for US region.

Why this role is important to us

The team you will be joining is a part of Global Delivery, Investable Cash. Cash Availability, Forecasting and Sweep Team is responsible to keep track on client deliverables which is precisely based on timeline to meet KPI. The primary objective is to ensure the client deliverables meet timeliness and accuracy.

Be a part of this team which will give you an exposure to understand how State Street tracks and monitors overdrafts for their clients and provides real time information.

What you will be responsible for

As a Senior Associate in Investable cash Team, you will play a pivotal role.

  • Coordinate with client service team or directly to client to ensure seamless cash delivery.
  • Maintain accurate records and reports to ensure compliance with regulatory requirements.
  • Cash Availability Forecasting: Analyze and predict cash inflows and outflows to ensure accurate forecasting and optimal liquidity management.
  • Sweep Accounts Management: Manage sweep accounts to optimize cash concentration, minimize idle balances, and maximize investment opportunities.
  • Wire Transfer Processing: Receive, verify, and process incoming and outgoing wire transfers, ensuring timely and accurate settlement.
  • Cash Reconciliation: Reconcile cash positions across multiple accounts and systems to ensure accuracy and integrity
  • Monitor and manage overdrafts to minimize fees, ensure compliance with regulatory requirements.
  • Process and verify cash Deliveries, DDA recon, Day to day overdraft monitoring, money movements, Wire transfers including incoming and outgoing domestic and international payments

What we value

  • Strong critical thinking, problem solving, and decision making skills
  • Take ownership and accountability for daily self-review
  • Timely completion of assigned client deliverables

Education & Preferred Qualifications

  • Graduation (Commerce) 
  • Minimum 2 year of experience as a Senior Associate in State Street
  • Should know how to use MCH, IMT etc

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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

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