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Job Description
Purpose of the Job:
The main function of the role is: Work in conjunction with individuals on the team as well as other Shared Services/COEs, outsource partners, Client Operations, other business units and external clients as needed to ensure seamless processing according to the fund’s policies, to ensure NAV/yield accuracy and that all SLAs are met.
- Candidate should have end to end exposure on Geneva, WSO and MCH application.
- This team is responsible for end to end accounting from trade booking to NAV delivery for mutual funds. Team will be accounting for all financial products. Team would be maintaining shadow books of accounts and would be responsible for performing GL reconciliation as well. Team would get a good exposure of end to end accounting.
Roles and Responsibilities:
- Manage the day-to-day activities of a functional/oversight team by monitoring, reviewing and validating all daily bank loan activity to ensure accuracy and timeliness in calculations and processing, as well as adherence to controls, e.g. ensuring accurate g/l and/or balance for daily pricing
- Provide timely accurate management reporting and issue log maintenance, under moderate supervision
- Research and resolve bank loan related exceptions and issues
- Escalate unresolved issues to management as required
- Reconcile and resolve bank loan discrepancies with other Shared Service teams, external clients and Client Operations as needed
- Ensure all inquiries are resolved in a timely and accurate manner and communicates effectively with client when necessary
- Oversee the adherence to Standard Operating Procedures
- Maintain knowledge of current alternative procedures and processes
- Assist with workflow management and technology enhancement, make suggestions to streamline operations
- Document any updates or changes to formal procedures, databases, etc.
- Train, develop and motivate new staff and complete performance appraisals
- Shift timings – Open to work 24/5 work environment
Mandatory Process Skills Sets:
- Bank loan process within Fund Accounting
- Bank Loan Transaction Processing & Management
Additional Skill Sets:
- Demonstrated ability to meet deadlines and possess strong problem solving and resolution skills.
- Understanding of financial services and investment products.
- Strong attention to detail and a focus on service.
- Strong written and verbal communication skills
- Strong problem resolution skills
- Ability to work well in a fast paced, high volume atmosphere
Looking to get Placed? Try our Placement Guarantee Plan
Education Requirements:
- Bachelor’s Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent experience preferred
Experience Requirements:
- Minimum of 2-4 years of related bank loan process and/or Fund Accounting experience.
- Knowledge of securities language and legal requirements.
- Good interpersonal and organizational skills.
- Solid understanding of operational functions within Custody and/or Fund Accounting. Ability to provide technical expertise to resolve daily problems.
Skills
ResearchOperationsAccountingEconomicsFinanceIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
State Street Corporation (stylized in all caps), is a global financial services and bank holding company headquartered at One Congress Street in Boston with operations worldwide. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792.
State Street is ranked 14th on the list of the largest banks in the United States by assets. It is one of the largest asset management companies in the world with US$3.7 trillion under management and US$40.0 trillion under custody and administration in 2023. It is the largest custodian bank in the world, providing securities services and it is considered a systemically important bank by the Financial Stability Board. Along with BlackRock and Vanguard, State Street is considered to be one of the Big Three index fund managers that dominate corporate America.
The company is ranked 316th on the Fortune 500 as of 2022. The company is on the list of the banks that are too big to fail published by the Financial Stability Board. It is rated by Visual Capitalist as the third U.S. bank by uninsured deposits, with 91.2% of deposits being uninsured
Important dates & deadlines?
Application Deadline
08 Sep 22, 12:00 AM IST
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Bank Loans - Manager
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