Role at a glance
- Job function
-
Investments & Capital Markets Investment Operations
- Salary
- Not Disclosed
- Location
- Mumbai, India
- Employment
- Full-time
- Experience
- 1 - 4 years of relevant experience in financial services.
- Education
- Candidate must have a university degree (accounting, business, mathematics, finance or economics)
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Role Summary
This Associate 2 role in the Investor Services business unit of State Street's Alternative Investment Services Group processes transactions and updates client registers in response to investor instructions for hedge fund and private equity investor services. The role requires telephone and email communication directly with external investors and clients.
What You'll Do
- Process capital activities such as subscriptions, redemptions, transfers, switches and wire payments, and non-financial activities such...
- Handle investor and client queries by telephone and email and resolve them in a timely manner.
- Identify discrepancies affecting investor accounts, make corrections where possible, or route them to the originating area and follow...
- Prepare standard operating procedures (SOP) and job aids.
- Identify unusual or potentially suspicious transactional activity and report or escalate it in accordance with corporate policy and...
Generated from the employer's posting. Verify important details before applying.
View full postingQualifications
A university degree in accounting, business, mathematics, finance or economics, with 1-4 years of financial services experience and strong Microsoft Office and communication skills.
Required
- University degree (accounting, business, mathematics, finance or economics)
- 1 - 4 years of relevant experience in financial services
- Working knowledge of Microsoft packages, including Excel, Outlook and Word
- Good English, written and oral communication skills
- Should be able to interact and communicate with co-workers in a clear, thorough and concise manner
- Organizational and time management skills
- Good analytical, numerical and reasoning skills
Preferred
- Good understanding of Anti-money laundering
- Exposure to Hedge fund, Private Equity or Real Asset funds
- Prior experience of handling direct investor / client communication
- Strong foundation of communication and interpersonal skills
Original job description
Content provided by the employer
Original job description
Content provided by the employer
Who we are looking for
This position is within the Investor Services business unit of the State Street’s Alternative Investment Services Group. And is responsible for processing transactions and updating the registers of our clients in response to investor instructions. This role requires to participate in telephonic & email communication directly with external parties/Clients. Hence a strong foundation of communication and interpersonal skill will be preferred.
Why this role is important to us:
The team you will be joining is a part of State Street Global Delivery (GD). GD gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, GD tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for:
- Working on Hedge fund & private equity investor services operations, showing ownership for a group of clients assigned, taking initiative to own operations for assigned clients.
- Process Capital activities (subscription, redemption, transfer, switches, redemption wire payment, expense wire payment, distribution wire payment) and non-financial activities (new investor creation, static data maintenance, statement & contract note distribution, audit confirm, responding to investor / client queries & multiple time bound projects).
- Ability to handle investor / client queries (telephonic & email) and timely resolution – prior experience of handling direct investor / client communication would be preferred.
- Able to follow and strictly adhere to pre-established policies and procedures.
- Responsible for preparing the standard operating procedure (SOP) and Job aid.
- Maintain established quality/accuracy and timeliness standards with respect to all types of activities.
- Interact with host location and clients and able to resolve all the queries independently.
- Respond to internal and external queries, resolving discrepancies related to investor accounts.
- Identify discrepancies affecting accounts, makes necessary corrections where possible, or route information to the originating area and follows through until corrections are made.
- Require to co-ordinate with host location for daily deliverables, should be able to work with tight SLA (service level agreement) while maintaining agreed accuracy and timeline.
- Able to work within pre-determined deadlines and prioritizing workloads whilst working under pressure.
- In day-to-day operation, would be responsible for identifying any unusual or potentially suspicious transactional activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.
Skills:
- Working knowledge of Microsoft packages, including Excel, Outlook and Word.
- Good English, written and oral communication skills.
- Should be able to interact and communicate with Co-workers in a clear, through and concise manner.
- Organizational and time management skills
- Good analytical, numerical and reasoning skills.
- Good understanding of Anti-money laundering is a plus.
Key Responsibilities:
- 1 - 4 years of relevant experience in financial services.
- Exposure to Hedge fund, Private Equity or Real Asset funds will be preferred.
- Prior experience of handling direct investor / client communication will be preferred.
- Candidate must have a university degree (accounting, business, mathematics, finance or economics)
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.