Role at a glance
- Job function
-
Investments & Capital Markets Investment Operations Investment Risk, Compliance & Due Diligence
- Salary
- Not Disclosed
- Location
- Bangalore, India
- Work arrangement
- On-site
- Employment
- Full-time
- Education
- MBA/CA or Equivalent Accounting Degree
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Role Summary
The Product Control team supports State Street’s Portfolio and FX businesses by verifying the accuracy and integrity of financial asset valuations through the Independent Price Verification process. The role also supports reporting, product control analysis, and month-end and quarter-end close activities.
What You'll Do
- Assist with IPV validation and re-pricing of securities
- Perform and prepare back-testing and analytical reports
- Verify market rates and closing prices, including off-market reporting
- Use Bloomberg and Reuters to conduct verification analysis
- Investigate pricing variances with internal partners and external vendors
- Support SOX coordination and testing and monthly close activities for FX and Investment Portfolio
Generated from the employer's posting. Verify important details before applying.
View full postingQualifications
MBA, CA, or equivalent accounting degree; 3+ years of core experience in valuation and IPV; strong analytical and Excel skills; Microsoft Office proficiency; ability to develop process maps; communication, organizational, and interpersonal skills; complex problem-solving expertise.
Required
- MBA, CA, or equivalent accounting degree
- 3+ years of core experience in Valuation and IPV
- Strong analytical and Excel skills
- Proficiency in Microsoft Office suite
- Ability to develop process maps
- Complex problem solving expertise
Preferred
- IFRS and US GAAP related knowledge
- Securities knowledge
- Bloomberg/Reuters experience
- Direct experience with Product Control/Market knowledge
Original job description
Content provided by the employer
Original job description
Content provided by the employer
Job Description
We are seeking a highly motivated professional to join the Product Control team to work with key managers with subject matter expertise to gain a broad understanding of State Street’s Portfolio and FX businesses including verifying the accuracy and integrity of the fair value of financial assets through the Independent Price Verification (IPV) process, month end and quarter end close for these products.
Primary Job Responsibilities:
Assist with IPV validation and re-pricing of securities
Perform and prepare various back-testing and analytical reports
Assist in Product Control verifying market rates and closing prices, including off-market reporting
Utilize key analytical tools to conduct verification analysis (i.e. Bloomberg and Reuters)
Work with internal partners (middle office, front office, and CMA) and external vendors to investigate pricing variances
Assist in Sarbanes-Oxley (SOX) coordination and testing
Assist in other projects as directed by manager
Monthly close activities for FX and Investment Portfolio
Qualifications and Skills required:
MBA/CA or Equivalent Accounting Degree with 3+ years of core experience in Valuation and IPV
IFRS and US GAAP related knowledge is preferred
Securities knowledge preferred
Bloomberg/ Reuter’s experience preferred
Strong analytical and excel skills required
Good communication, organizational, and interpersonal skills
Ability to develop process maps
Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Words)
Direct experience with Product Control/Market knowledge preferred
Exceptional written and verbal communication and presentation skills
High level of interpersonal skills and integrity
Ability to coordinate and communicate across multiple levels of management
Complex problem solving expertise
Deadline focused with ability to adapt under pressure
High degree of attention to detail and focus on error-free execution
Skills to be Developed:
Understanding of State Street’s businesses, products and financial systems
Analytical and problem solving skills
Meeting preparation and presentation skills
Development of global perspective and interaction with diverse cultures
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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State Street
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State Street is a leading financial services and bank holding company, headquartered in Boston, Massachusetts. With a strong focus on investment management and servicing solutions, State Street supports institutional investors worldwide by providing services such as asset management, investment research, and trading. Renowned for its commitment to innovation and sustainability, State Street leverages advanced technology and data analytics to enhance investment strategies and customer experiences. The company prioritizes diversity and inclusion within its workforce, reflecting its dedication to fostering a dynamic and collaborative environment.