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Operations Core Operations - Associate 2

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State Street

1mo ago

  • Job
    Full-time
    Junior Level
  • Accounting & Tax
    Banking & Finance
  • Pune
  • Quick Apply

AI generated summary

  • You need cash operations knowledge, custody/accounting flow expertise, payment processing (Fed Wire, ACH), cash reconciliation skills, and proficiency in MCH, IMT, WMT, and Hogan. Night shift ok.
  • You will process cash instructions, verify team output, prioritize tasks, compile data for metrics, identify issues, assist in training, assess risks, and ensure quality and deadlines.

Requirements

  • A candidate who knows how cash operation works :
  • Strong knowledge on Custody and Accounting flow
  • Knowledge on custody payments i.e. Fed Wire, MT103, MT202, ACH and Check Payments
  • Thorough knowledge of Cash Reconciliation
  • Okay for night shift (8PM - 5 AM IST)
  • Working out of Office - 5 Days a Week
  • Graduation (Commerce)
  • Minimum 1 year of experience in State Street
  • Should know how to use MCH, IMT, WMT and Hogan applications

Responsibilities

  • Process timely and accurately cash instructions in accordance with Fund/internal and external clients deadlines, operating procedures and legal regulations.
  • Verify the work of other processors within the team for quality and accuracy.
  • Effectively prioritize and reorganize tasks to changing priorities and business circumstances.
  • Compile and categorize data used for monthly operational metrics.
  • Effectively identify potential issues that might work against the team and take early corrective actions.
  • Involvement in the training and development.
  • Risk Identification & Assessment
  • Demonstrates ability to work accurately and to daily deadlines
  • Communicating with upstream teams via emails/IMT
  • Adhering quality parameters and SLAs

FAQs

What are the working hours for this role?

The working hours are from 8 PM to 5 AM IST.

Is this position a night shift role?

Yes, this position requires working the night shift.

What type of knowledge is expected for this position?

A strong knowledge of cash operations, custody and accounting flow, custody payments, and cash reconciliation is expected.

What qualifications are preferred for this role?

A graduation in Commerce and a minimum of 1 year of experience at State Street is preferred.

What specific applications should I be familiar with?

Candidates should know how to use MCH, IMT, WMT, and Hogan applications.

What will my primary responsibilities include?

Your primary responsibilities will include processing cash instructions, verifying the work of other processors, compiling operational metrics, identifying potential issues, and adhering to quality parameters.

Is teamwork emphasized in this role?

Yes, the role values collaboration and being a team player is essential.

What kind of training will be provided?

There will be involvement in training and development as part of your responsibilities.

What is the team structure like?

You will be joining the Directed Cash Services Team as part of Global Delivery, Cash COE.

How does State Street support employee growth?

State Street offers a wealth of development programs and educational support to help employees reach their full potential.

Are there opportunities for community engagement at State Street?

Yes, State Street encourages active engagement with communities and provides tools to help balance professional and personal life, including paid volunteer days and matching gift programs.

Does State Street have a diversity and inclusion policy?

Yes, State Street values diversity and inclusion, welcoming candidates of diverse backgrounds and experiences.

What is the company culture at State Street?

State Street aims to create a great work environment with comprehensive benefits, fostering a culture of collaboration and support for employee well-being.

Is this role suitable for fresh graduates?

While the position requires a minimum of 1 year of experience at State Street, recent graduates with relevant knowledge may still be considered depending on their qualifications.

What is the approach to risk assessment in this role?

The role includes responsibilities related to risk identification and assessment, ensuring that potential issues are addressed promptly.

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State Street

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At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.