Role at a glance
- Job function
-
Investments & Capital Markets Investment Operations
- Salary
- Not Disclosed
- Location
- HINJEWADI PUNE
- 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 works with global Centres of Excellence, Client Operations, and business unit Shared Service teams to support processing in accordance with fund policies and procedures.
What You'll Do
- Complete assigned day-to-day cash operations processing according to fund policies and standard operating procedures.
- Interpret relationships between payments and receipts, and resolve reconciliation breaks accurately and promptly.
- Meet assigned operational deliverables and communicate with teams, fund groups, and agent banks by email or phone in line with market...
- Identify unusual or potentially suspicious transaction activity and report or escalate it under corporate policy and operating procedures.
Generated from the employer's posting. Verify important details before applying.
View full postingQualifications
Required: Graduate with experience in investment banking, cash operations, or settlements; understanding of cash reconciliation, settlement and accounting (statements and ledgers), the trade life cycle and related guidelines, NOSTRO and payment systems, and SWIFT messages. Must-have skills include communication, working under pressure, a focused approach, risk mitigation, logical/reasoning skills, and escalation management.
Required
- Good understanding of the cash reconciliation process.
- Good understanding of the settlement process and accounting (statements and ledgers).
- Familiarity with the trade life cycle and a fair understanding of different guidelines.
- Good understanding of NOSTRO and other payment systems (MT202, Fed wire), and knowledge of SWIFT messages (MT202, MT103, MT910, MT940).
- Good communication; ability to work under pressure; focused approach; risk mitigation; good logical/reasoning skills; escalation management.
- Graduate with experience in investment banking/cash operations/settlements.
Preferred
- FX settlement knowledge.
- Working knowledge of reconciliation tools such as Intellima.
- Good communication, ability to work under pressure, being focused, and good logical/reasoning skills (listed as secondary skills/good to...
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 Intellima
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 skills
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 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.