Role at a glance
- Job function
-
Investments & Capital Markets Investment Operations
- Salary
- Not Disclosed
- Location
- Bangalore, India
- Employment
- Full-time
- Experience
- Graduate with experience in investment banking/cash operations/settlements
- Education
- Graduate with experience in investment banking/cash operations/settlements
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Role Summary
The Global Cash Operations Senior Associate supports day-to-day processing for assigned clients and portfolios. The role coordinates with global Centres of Excellence, Client Operations, business unit Shared Service teams, fund groups, and agent banks to complete operational activities.
What You'll Do
- Coordinate with team members and shared services to process work according to fund policies and applicable procedures.
- Interpret relationships between payments and receipts and resolve breaks accurately and promptly.
- Complete assigned operational deliverables in accordance with Standard Operating Procedures and market cut-off times.
- Communicate with teams, fund groups, and agent banks by email or phone to support processing.
- Identify unusual or potentially suspicious transaction activity and report or escalate it according to corporate policy and operating...
Generated from the employer's posting. Verify important details before applying.
View full postingQualifications
Graduate with experience in investment banking, cash operations, or settlements. Required knowledge includes cash reconciliation; settlement and accounting, including statements and ledgers; the trade life cycle; NOSTRO and payment systems; and SWIFT messages MT202, MT103, MT910, and MT940. Must-have skills include communication, working under pressure, a focused approach, risk mitigation, logical reasoning, and escalation management.
Required
- Good understanding of cash reconciliation processes
- Good understanding of settlement processes and accounting, including statements and ledgers
- Familiarity with the trade life cycle and a fair understanding of different guidelines
- Good understanding of NOSTRO and other payment systems, including MT202 and Fed wire; knowledge of SWIFT messages MT202, MT103, MT910,...
- Good communication; ability to work under pressure; focused approach; risk mitigation; logical/reasoning skills; escalation management
Preferred
- FX settlement knowledge
- Working knowledge of reconciliation tools such as Intellimatch
Original job description
Content provided by the employer
Original job description
Content provided by the employer
About Process
As a Global cash Operation Senior Associate, you will interact internally with global Centres of Excellence, Client Operations teams, business unit Shared Service teams to complete applicable day-to-day activities, relating to the overall processing for assigned clients and portfolios
Key Responsibilities & Experience Range
• Should have good understanding of cash reconciliation process
• Should have good understand of the settlement process and accounting (Statements and Ledgers)
• Good to have FX settlement knowledge
• Works in conjunction with individuals on the team as well as other shared services and Client Operations to ensure seamless processing according to the fund’s policies
- Should be able to interpret relation between payment and receipts and be able to resolve breaks timely and accurately
- Achieve all assigned operational deliverables adhering to Standard Operating Procedures
• During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
• Ability to communicate with different teams/fund groups/agent banks via email/phone calls in accordance to the strict market cut-off
• Should be familiar with Trade Life cycle and have a fair understanding of different guidelines
• Good understanding of NOSTRO and other payment systems (MT202, Fed wire). Should carry knowledge of SWIFT messages (MT202, MT103, MT910, MT940)
- undefined
• Good if already have working knowledge of reconciliation tools such as Intellimatch
Skills & Knowledge
Qualification & Certifications
Graduate with experience in investment banking/cash operations/settlements
Primary Skills (Must Have)
Good communication
Ability to work under pressure
Focused Approach
Risk Mitigation
Good logical/reasoning skills
Escalation Management
Secondary Skills (Good to Have)
Good communication
Ability to work under pressure
Focused
Good logical/reasoning skillls
About 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.