Alternative Ops Fund Accounting, Senior Associate

Position Description

• To supervise the Custody process in accordance with internal controls and procedures. Minimum 3 + years in core Custody operations (preferably trade settlement/trade processing). Provide support during US market hours, should be comfortable with Night Shift.

Main Responsibilities:

• Good understanding about end to end of the Trade Life Cycle and intermediaries involved.

• Book trades accurately and in a timely manner.  Communicates fail trade information as directed.  Reconcile outstanding items.

• Eye for detail and good in reviewing instructions, should be able to accurately and timely review the trades.

• Knowledge about trade elements such as Security identification, transaction type, counterparty and other trade matching parameters.

• Supervise the research and resolution of exceptions and inquiries related trade processing & Trade Settlement.

• As it’s a client facing role the candidate Should have the ability to communicate clearly with all levels of professionals both internally and externally.  Therefore, exceptional interpersonal and communication skills are required

• Understanding about SWIFT messages and different message type, different tags and their importance.

• Knowledge about clearing houses and depositories.

• Experience in handling in client queries related to trade processing & trade settlement.

• Should be able to coordinate well with the onshore for trainings and other job responsibilities.

•  Managing day to day volume and delivering tasks as per the SLA

• Provide timely accurate management reporting and issue log maintenance, under moderate supervision

• Coordinate and supervise work efforts when multiple Associates are needed to complete work

• Participate in projects as well as prepare and verify information for those various projects/special requests as directed

• Oversee the adherence to Standard Operating Procedures

• Coordinate effective and timely flow of critical information to all relevant parties and follows up on administrative details within the department

• Knowledge about different types of trade such as RVP, DVP, RFP, DFP, etc.

• Basic knowledge about DTC, FED, Euro Clear and Clear Stream would require for this role

• Knowledge about calculation of gain/loss of a trade (cost basis)

• Understanding about processing deal slip

• Knowledge about trade settlement and reasons for failure of trade

• Should be able to work under stringent deadline situations

• Mailbox management and to ensure all actionable completed within the deadline

• Work in conjunction with individuals on the team, other shared services/COEs, India and Onshore to ensure seamless processing of custody related processing.

• Process trade settlement information within deadlines and comply with all FTTOP requirements

• Process collateral/assets segregated as instructed

• Maintain records in support of audits

• Consults with manager where clarification or exception to policy may be required

• Other duties as assigned.

Academy and experience required:

• Bachelor’s degree with a preferred concentration in Accounting/Finance or relevant work experience

• Working knowledge of Excel and other Microsoft Office applications

• Highly self-driven sense of motivation

• Naturally curious, passionate and Strong analytical Skills

•     Strong accuracy aptitude and detail orientation

• Strong verbal, written and interpersonal communication skills

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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