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Transfer Agency, Associate 2

State Street

Mumbai, India permanent

Posted: February 23, 2026

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Quick Summary

The Test Analyst is responsible for conducting test activities on Transfer Agency systems utilized in the IFDS Transfer Agency business across Europe and the UK. The role involves preparing, executing and evidence-based validation of User Acceptance Testing (UAT) and End-to-End test scenarios under the direction of the Offshore Test Coordinator and Onshore Test Leads.

Job Description

Job Description

The Test Analyst is responsible for conducting test activities on Transfer Agency systems utilized in the IFDS Transfer Agency business across Europe and the UK.  Key goal is executing User Acceptance Testing (UAT) of any change to a Transfer Agency application to agreed standards, ensuring that the quality of the output is of a consistently, high standard.

This role is responsible for the preparation, execution and evidence-based validation of UAT and E2E test scenarios under the direction of the Offshore Test Coordinator and Onshore Test Leads.

Key Responsibilities: 

Test Preparation

• Review requirements, release notes, user guides, test scenarios

• Prepare test plans, scripts, data, environment checks etc.

• Identify data, access, environment dependencies and escalate early, as needed

• Generate high quality test plans and test results for each project the team are engaged on.

• Create comprehensive test documentation with well-defined, reusable test scripts that are traceable back to requirements.

Test Execution

• Execute testing to agreed internal standards; ensure documentation is to an auditable standard.

• Record results accurately, generating and saving evidence in line with defined standards

• Participate in regression and re-test cycles

• Support exploratory testing focused on business and operational impact

• Ensure regression testing is performed in a manner that recognizes the risks of introducing defects into an established environment while at the same time meeting deadlines.

• React dynamically to changing priorities.

Defect Management

• Log defects clearly and accurately, including

• Traceability

• Steps to reproduce

• Screenshots

• Expected v Actual results etc.

• Reproduce and validate defects raised by others when requested

• Update defect status promptly throughout the lifecycle

Quality Assurance

• Ensure all test evidence meets agreed quality and audit standards

• Flag unclear requirements, unexpected behavior or data inconsistencies

• Escalate blockers thoughtfully and in good time

• Communication and Collaboration

• Participate in stand-ups, triage, etc.

• Provide clear progress updates

• Raise risks, issues, blockers early

• Collaborate with other testers to share knowledge and resolve issues faster

• Contribute to reporting to stakeholders and senior management including appropriate metrics.

• Communicate accurate Test status to Test Coordinator, Lead, Manager, Project Manager, external vendors and key stakeholders.

Required Qualifications & Experience: 

• Higher education, Computer Science Degree (desirable).

• At least 1 years of testing experience in a similar position (experience in testing of finance, banking or investment banking software would be a plus).

• Experience in developing test plans for functional / system testing.

• Experience in test execution, defect classification and prioritization.

• Proven ability to deliver high standard deliverables and documentation.

• Ability to operate effectively with incomplete requirements or late documentation

• Background in TA Ops or Testing strongly preferred.

• Ability to review project deliverables for completeness, quality, and compliance with established project standards

• Proven ability to work on multiple complex projects simultaneously.

• Excellent communication and interpersonal skills.

• Excellent analytical and problem solving skills.

Other Role Requirements:

• Shift Flexibility: Willingness to work in rotational shifts, including late shifts based on region served

• Mobility: Open to short-term travel or relocation to other office locations as needed for business or training

• Work Environment: Ability to work under pressure and tight deadlines, attention to details and good command in English.

Salary Range:

Basis experience and organizational fit

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.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives 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 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 programs 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 at StateStreet.com/careers

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.

Discover more information on jobs at StateStreet.com/careers

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