Job Description
Who we are looking for
The ideal candidate will be able support and assist Client Operations and other operational Shared Service teams / Center of Excellence (COEs) by monitoring and Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients
Why this role is important to us
The team you will be joining is a part of State Street Global Delivery AIS and gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From Middle office, Core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC products, private equity, hedge funds and 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
As a Bank Loan Specialist, AVP you will:
Perform daily maintenance and record keeping for Syndicated and private Bank Loans held in various funds for various AIS clients
Process trades, book receipts and disbursements
Daily reconciliation of cash balances
Produce daily accurate portfolio holdings and accrual information
Respond to customer queries on a daily basis
Daily processing of bank loan notices as received from agent banks,
Interact with the Investment Manager on their assigned portfolios, inputting/settling trades,
The individual will work closely with, providing Loan related activity into the final NAV Calculation.
Research and resolve exceptions and issues
Receive and resolve inquiries in a timely and accurate manner and communicates effectively with client when necessary
Define and ensure successful completion of ad-hoc requests
Escalate unresolved issues to management as required
Ensure adherence to Standard Operating Procedures
Keep up to date on broader internal/external business issues; applies knowledge across team
Assist management in the implementation of new policies and procedures, participates in projects
Assist with workflow management and technology enhancements with new and current clients. Make suggestions to streamline operations
Maintain knowledge of current alternative procedures and processes
Support training of new hires as necessary
What we value
These skills will help you succeed in this role:
Working knowledge of financial products
Excellent computer skills
Superior communication skills
Ability to work in a fast paced, demanding environment.
Education & Preferred Qualifications
Bachelor’s degree
4-5 years of experience
Geneva Experience
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility.
We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, ****** orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Salary Range:
$85,000 - $152,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
The ideal candidate will be able support and assist Client Operations and other operational Shared Service teams / Center of Excellence (COEs) by monitoring and Ensure prompt follow up on exception situations and facilitate timely problem resolution to mitigate risk to the corporation and deliver excellent service to clients
Why this role is important to us
The team you will be joining is a part of State Street Global Delivery AIS and gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From Middle office, Core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC products, private equity, hedge funds and 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
As a Bank Loan Specialist, AVP you will:
Perform daily maintenance and record keeping for Syndicated and private Bank Loans held in various funds for various AIS clients
Process trades, book receipts and disbursements
Daily reconciliation of cash balances
Produce daily accurate portfolio holdings and accrual information
Respond to customer queries on a daily basis
Daily processing of bank loan notices as received from agent banks,
Interact with the Investment Manager on their assigned portfolios, inputting/settling trades,
The individual will work closely with, providing Loan related activity into the final NAV Calculation.
Research and resolve exceptions and issues
Receive and resolve inquiries in a timely and accurate manner and communicates effectively with client when necessary
Define and ensure successful completion of ad-hoc requests
Escalate unresolved issues to management as required
Ensure adherence to Standard Operating Procedures
Keep up to date on broader internal/external business issues; applies knowledge across team
Assist management in the implementation of new policies and procedures, participates in projects
Assist with workflow management and technology enhancements with new and current clients. Make suggestions to streamline operations
Maintain knowledge of current alternative procedures and processes
Support training of new hires as necessary
What we value
These skills will help you succeed in this role:
Working knowledge of financial products
Excellent computer skills
Superior communication skills
Ability to work in a fast paced, demanding environment.
Education & Preferred Qualifications
Bachelor’s degree
4-5 years of experience
Geneva Experience
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility.
We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, ****** orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Salary Range:
$85,000 - $152,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
💡 Quick Summary
Seeking a career-building opportunity? The Managing Director Treasury Management Sales position is now open for candidates interested in the Bank Jobs sector. This role in India offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
