Income Processing, Vice President

Who we are looking for

As an Income COE Vice President, the ideal candidate will support and assist Client Operations and other operational Shared Service teams/ Center of Excellence (COE’s) by monitoring and processing custody, accounting, middle office related events to the fund’s records accurately and timely. Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients and people management.

Why this role is important to us

Income COE deals with end to end processing of events across custody, accounting, middle office and claims services for our clients. This involves processing of many financial activities which will help other team to derive at NAV to the client, As part of Income COE you will be required to contribute towards development of Process, people and Improve Risk standards for the team.

What you will be responsible for

As Vice President you will

Strategic Planning Develop and implement operational strategies that support the company's overall business goals. 

Process Optimization: Identify and implement improvements to streamline operations, increase efficiency, and reduce costs. 

Resource Management: Manage resources (people, budget, technology) effectively to achieve operational objectives. 

Performance Monitoring: Track key performance indicators (KPIs) , key risk indicators (KRI) and identify areas for improvement, taking corrective actions as needed. 

Team Leadership: Lead and develop a team of managers and staff within the operations department. 

Budget Management:Manage the operational budget, ensuring efficient resource allocation and cost control. 

Collaboration: Work with other executive teams to ensure alignment and coordination across the organization. 

Quality Control: Ensure that the company's operations deliver high-quality products or services that meet customer needs. 

Risk Management: Identify and mitigate potential operational risks. 

Deep knowledge of Income and Corporate Actions: Understanding the end to end income cycle, fund accounting, amortization, concepts on bonds, dividends, entitlement calculations , amortization, market and loan claims lifecycle, and relevant regulations. 

What we value- Key Skills:

Result-oriented with an ownership and accountability mindset

Commercial acumen - Understanding of cost/budgets (at department level), Lead/drive the same

Drive pay for performance and culture of performance differentiation

Taking accountability of end-to-end outcomes as an enterprise, collaborating across functions/business and locations

Executive presence, managing with influence and effective communication across stakeholder groups both regionally and globally

Embed risk excellence culture across the teams

Encourage and drive a culture of change and ideation

Drive efficiency and automation initiatives . Sound understanding of technology tools around AI, Agile framework is preferred.

Education & Preferred Qualifications

• Bachelor’s / Post Graduate degree in commerce / economics with a specialization n Business, Accounting, Finance or another Financial related program. Inter C.A. / Inter ICWAI or CFA (pursuing) will be preferred
• 16-20 years’ experience in accounting, finance, mutual fund operations, loan servicing or related careers (preferred).

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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