Role Overview
You should have at least 4-9 years of experience in Investment Banking, specifically in Hedge Fund, Capital markets, and Fund Accounting. Experience with Reconciliation & Resolution teams for both Cash and Position is essential. Previous experience in Investment Banking and AMCs handling Fund Accounting operations is preferred. Understanding of Investment Manager and Custody business is a plus. You must possess sound knowledge of Capital markets and trade flow, as well as knowledge of Derivative products. Familiarity with upstream and downstream processes is required, including knowledge of NAV/Custody processes. Knowledge of Geneva application and ARO (EZOPS) would be an added advantage. Business Risk management, Controls, and Governance knowledge is crucial for this role.
Key Responsibilities
- Review the completion status of daily Cash and Position Reconciliation between fund and Broker, Client Recons if any.
- Review Recon controls to ensure new accounts setup completion in the Recon system and raise appropriate tickets to the support team for Recon setup.
- Review closure of breaks to ensure alignment with specified controls.
- Review Unreconciled items, ensuring proofing is done and valid justifications are provided.
- Review and validate deliverables completion within specified SLAs.
- Create process flows for various sub-processes to establish a repository for future trainings.
- Utilize strong Excel - MIS Reporting skills and Word Documents - Standard operating procedures.
- Be willing to work in shifts and showcase strong SME skills to troubleshoot process issues.
- Drive process excellence initiatives for the team and manage Client expectations proactively.
- Provide integrated, value-added services to clients with a strong customer service and operational focus.
Qualifications Required
- Bachelor / Masters in Accounting/MBA Finance.
- NISM/NSE Certifications.
- CISI Certifications.
- MOOC Certifications.
- Lean/Six sigma certification is a plus.
- Hands-on experience with the required applications.
- Good domain skills in reconciliation processes, especially market value recon, transaction, and cost recon.
- Exposure to portfolio accounting, General ledger systems.
- Comprehensive knowledge of Research & resolution on all reconciliation breaks.
- Familiarity with trading instruments like Equities, Options, Bonds, Futures, Spots and Forwards, Bank Debts, Credit Default Swaps (CDS), and Contract for Difference (CFD Swaps).
- Sound understanding of Risk excellence measures within the organization.
- Understanding of Robotics & BPM.
- Good interpersonal, communication, and people management skills.
- Ability to interact effectively with BU / Global head and manage SLAs.
Additional Company Details:
State Street is committed to fostering an environment where every employee feels valued and empowered to reach their full potential. Inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks are essential for shared success. Join State Street in shaping the future as an Equal Opportunity Employer, considering all qualified applicants for positions without bias.
To discover more about State Street, visit StateStreet.com/careers.
Role Overview
You should have at least 4-9 years of experience in Investment Banking, specifically in Hedge Fund, Capital markets, and Fund Accounting. Experience with Reconciliation & Resolution teams for both Cash and Position is essential. Previous experience in Investment Banking and AMCs handling Fund Accounting operations is preferred. Understanding of Investment Manager and Custody business is a plus. You must possess sound knowledge of Capital markets and trade flow, as well as knowledge of Derivative products. Familiarity with upstream and downstream processes is required, including knowledge of NAV/Custody processes. Knowledge of Geneva application and ARO (EZOPS) would be an added advantage. Business Risk management, Controls, and Governance knowledge is crucial for this role.
Key Responsibilities
- Review the completion status of daily Cash and Position Reconciliation between fund and Broker, Client Recons if any.
- Review Recon controls to ensure new accounts setup completion in the Recon system and raise appropriate tickets to the support team for Recon setup.
- Review closure of breaks to ensure alignment with specified controls.
- Review Unreconciled items, ensuring proofing is done and valid justifications are provided.
- Review and validate deliverables completion within specified SLAs.
- Create process flows for various sub-processes to establish a repository for future trainings.
- Utilize strong Excel - MIS Reporting skills and Word Documents - Standard operating procedures.
- Be willing to work in shifts and showcase strong SME skills to troubleshoot process issues.
- Drive process excellence initiatives for the team and manage Client expectations proactively.
- Provide integrated
